The benefits of family ownership and control of firms are at the center of the family firm debate. Previous studies … have used either family ownership or management as proxies for control. Both indicators are off the mark, as they do not … of family ownership, control and management on financial firm performance, while controlling for goal heterogeneity of …

Based on arguments about long-term orientation and corporate reputation, we argue that family and founder firms differ … from other firms with regard to corporate social responsibility. Using Bayesian analysis, we then show that family and … social responsibility initiatives. We conclude that it makes sense to distinguish between family, founder and institutional …