Firm Philanthropy in Small- and Medium-Sized Family Firms: The Effects of Family Involvement in Ownership and Management. (September 2014)

• Record Type: Journal Article
• Authors: Campopiano, Giovanna; De Massis, Alfredo; Chirico, Francesco
• Other Names: Craig Justin B. guest-editor.; Dibrell Clay guest-editor.; Neubaum Donald O. guest-editor.; Van Gils Anita guest-editor.
• Is Part Of: Family business review. Volume 27:Number 3(2014:Sep.)
• Page Start: 244
• Page End: 258
• Publication Date: 2014-09
• Subjects: philanthropy -- social issues -- family involvement -- family firms -- ownership dispersion; Family-owned business enterprises -- United States -- Periodicals; Home labor -- United States -- Periodicals; Small business -- United States -- Periodicals; New business enterprises -- United States -- Periodicals; 658.045
• DOI: 10.1177/0894486514538450
• Languages: English
• ISSNs: 0894-4865

Abstract

Drawing on stewardship theory and arguments in relation to social and reputational capital, this study investigates how family involvement affects engagement in firm philanthropy in small- and medium-sized family firms. Specifically, we argue that family involvement in ownership positively influences firm philanthropy while its interaction with family involvement in management produces a negative effect. Based on a sample of 130 Italian family firms, our findings offer important implications for theory and practice and pave the way for future research in the field of philanthropy in the family firm context.