BYU study: family-controlled companies more socially responsible

by | Nov. 11, 2011

Everything Else

Do family-controlled public companies behave differently than other publicly owned businesses? A new BYU Marriott School of Management study shows more socially responsible initiatives in public companies where the founder, or a family member of the founder, still influences management.

Researchers analyzed data from 700 companies listed among the S&P 500 between 1991 and 2005. Using complex statistical analysis, they found that family-run companies are more likely than their counterparts to get involved in socially responsible activities because they see their stakeholders as partners.

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