Sustainability practices of family firms: the interplay between family ownership and long-term orientation

Creative Commons License

Memili E., Fang H. C., Koc B., Yildirim-Oktem O., Sonmez S.

JOURNAL OF SUSTAINABLE TOURISM, cilt.26, sa.1, ss.9-28, 2018 (SSCI) identifier identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 26 Sayı: 1
  • Basım Tarihi: 2018
  • Doi Numarası: 10.1080/09669582.2017.1308371
  • Dergi Adı: JOURNAL OF SUSTAINABLE TOURISM
  • Derginin Tarandığı İndeksler: Social Sciences Citation Index (SSCI), Scopus
  • Sayfa Sayıları: ss.9-28
  • Anahtar Kelimeler: Sustainability practices, family firms, long-term orientation, hospitality, tourism, ENTREPRENEURIAL ORIENTATION, COMPETITIVE ADVANTAGE, SOCIOEMOTIONAL WEALTH, DEVELOPMENT INVESTMENTS, CORPORATE GOVERNANCE, CONCEPTUAL ISSUES, MODERATING ROLE, TOURISM FIRMS, AGENCY COSTS, PERFORMANCE
  • Gazi Üniversitesi Adresli: Evet

Özet

Sustainability practices are critical for family firms, as they relate directly to the continuity of the business and relationships with important stakeholders, such as members of the local community. Nevertheless, not all family firms wish to adopt sustainability practices. To examine this, we draw upon the socioemotional wealth perspective in order to develop a theoretical model of the direct negative effects of family ownership on the adoption of sustainability practices. We also suggest moderating effects of long-term orientation (LTO) on this link. Our model is tested on a sample of 195 family firms in the tourism and hospitality sector. The results support our hypothesis that family ownership negatively influences the adoption of sustainability practices. Additionally, LTO moderates the relationship between family ownership and the adoption of sustainability practices, such that family owners with a high LTO are more likely to adopt this particular practice compared to those with a low LTO.