Corporate Social Responsibility and Family Enterprise

Abstract

As one of important characteristics of the economic development and social progress, fulfilling corporation social responsibility has attracted wide attention from all sectors of society. We empirically test the influence of family enterprise on the behavior characteristics of corporate social responsibility. We find that the family enterprises fulfill more social responsibility to shareholders, but less social responsibility to employees, suppliers, and the environment than non-family enterprises. Now family enterprise has gradually become a part of China economy booming. The government should strengthen the guidance to family enterprise to promote its development. Chinese family enterprises will make greater contribution to the social responsibility in future.