2025/02/18 by Kun Wang, Yingkai Tang, Xiaohong Huang · 1 voice
Business, Management and Accounting · Social Sciences · #Corporate Finance and Governance #Family Business Performance and Succession #Migration, Ethnicity, and Economy
paper · pdf · doi:10.1111/beer.12794
openalex publication_date 2025/02/18 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/28
ABSTRACT This study examines how the social climate of comparison in which a founder grew up impacts family business (FB) philanthropy, emphasizing the founder's role in FB decisions. With a dataset of 758 Chinese FBs, we find that the stronger the social climate of comparison in the founder's region of upbringing, the more charitable donations the FB tends to make. This effect is more pronounced in areas with a high concentration of FBs. The unspoken rules of Chinese society, related to ‘face (Mianzi)’ and ‘favours’ significantly influence business decisions.