This research explores the relationship between family-owned businesses, ESG practices, and long-term firm performance. Family businesses prioritize financial outcomes over ESG practices but achieve better financial performance. Larger firms tend to have higher ESG scores, indicating more robust...

Over the last decades, management scholars have tried to examine whether profitability can be achieved with actions that also improve social and environmental performance. More recently, this debate has gained new traction with the emergence of the so-called "impact investors," who not only...