How Family Character Affect the Financing of Environmental Protection Strategies and Energy-Saving Measures
Family firms have been consolidating for years as a very important asset in most economies in the European Union. Developing from the influence of the family on the core objectives, these firms show specific features on how internal processes are developed. These differences may also be reflected...
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| Format: | Article |
| Language: | English |
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Editura ASE
2023-05-01
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| Series: | Amfiteatru Economic |
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| Online Access: | https://www.amfiteatrueconomic.ro/temp/Article_3219.pdf |
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| author | Cristina López-Cózar-Navarro Tiziana Priede-Bergamini Sonia Benito-Hernández |
| author_facet | Cristina López-Cózar-Navarro Tiziana Priede-Bergamini Sonia Benito-Hernández |
| author_sort | Cristina López-Cózar-Navarro |
| collection | DOAJ |
| description | Family firms have been consolidating for years as a very important asset in most economies
in the European Union. Developing from the influence of the family on the core objectives,
these firms show specific features on how internal processes are developed. These differences
may also be reflected in their attitude towards corporate social responsibility and
environmental policies. The present paper focusses on their behaviour on environmental
responsibility, specifically referring to the energy-saving issue. Empirical results, based on a
sample of 1,771 Spanish manufacturing firms, show that the family character has a positive
effect on the proactive environmental strategy. Moreover, different sources of finance may
alter this main effect in various ways. Unpredictably, self-financing weakens the positive
effect of family ownership on environmental protection and energy saving, whereas
indebtedness is not a barrier, and public support strengthens the positive relationship. Our
findings contribute to better understanding the involvement of family firms in responsible
behaviour and the impact of different financial sources to promote the challenge of energy
for the European Union. |
| format | Article |
| id | doaj-art-a45d237b1ef84967a1dec3978dab7ffc |
| institution | DOAJ |
| issn | 1582-9146 2247-9104 |
| language | English |
| publishDate | 2023-05-01 |
| publisher | Editura ASE |
| record_format | Article |
| series | Amfiteatru Economic |
| spelling | doaj-art-a45d237b1ef84967a1dec3978dab7ffc2025-08-20T03:18:59ZengEditura ASEAmfiteatru Economic1582-91462247-91042023-05-012563503 52110.24818/EA/2023/63/503 How Family Character Affect the Financing of Environmental Protection Strategies and Energy-Saving MeasuresCristina López-Cózar-Navarro0https://orcid.org/0000-0002-2788-9896Tiziana Priede-Bergamini1https://orcid.org/0000-0002-4622-3328Sonia Benito-Hernández2https://orcid.org/0000-0001-7422-3897University Politécnica de Madrid, Madrid, SpainUniversity Europea de Madrid, Madrid, SpainUniversity Politécnica de Madrid, Madrid, SpainFamily firms have been consolidating for years as a very important asset in most economies in the European Union. Developing from the influence of the family on the core objectives, these firms show specific features on how internal processes are developed. These differences may also be reflected in their attitude towards corporate social responsibility and environmental policies. The present paper focusses on their behaviour on environmental responsibility, specifically referring to the energy-saving issue. Empirical results, based on a sample of 1,771 Spanish manufacturing firms, show that the family character has a positive effect on the proactive environmental strategy. Moreover, different sources of finance may alter this main effect in various ways. Unpredictably, self-financing weakens the positive effect of family ownership on environmental protection and energy saving, whereas indebtedness is not a barrier, and public support strengthens the positive relationship. Our findings contribute to better understanding the involvement of family firms in responsible behaviour and the impact of different financial sources to promote the challenge of energy for the European Union.https://www.amfiteatrueconomic.ro/temp/Article_3219.pdffamily businessenvironmentalenergy savingfinancial sources |
| spellingShingle | Cristina López-Cózar-Navarro Tiziana Priede-Bergamini Sonia Benito-Hernández How Family Character Affect the Financing of Environmental Protection Strategies and Energy-Saving Measures Amfiteatru Economic family business environmental energy saving financial sources |
| title | How Family Character Affect the Financing of Environmental Protection Strategies and Energy-Saving Measures |
| title_full | How Family Character Affect the Financing of Environmental Protection Strategies and Energy-Saving Measures |
| title_fullStr | How Family Character Affect the Financing of Environmental Protection Strategies and Energy-Saving Measures |
| title_full_unstemmed | How Family Character Affect the Financing of Environmental Protection Strategies and Energy-Saving Measures |
| title_short | How Family Character Affect the Financing of Environmental Protection Strategies and Energy-Saving Measures |
| title_sort | how family character affect the financing of environmental protection strategies and energy saving measures |
| topic | family business environmental energy saving financial sources |
| url | https://www.amfiteatrueconomic.ro/temp/Article_3219.pdf |
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