2026-09-17T16:03:17Zhttps://gredos.usal.es/oai/requestoai:gredos.usal.es:10366/1598502025-07-16T10:41:53Zcom_10366_4201com_10366_4200com_10366_3946com_10366_3823col_10366_4202
Rivera Franco, María del Pilar
Requejo Puerto, Ignacio
Suárez González, Isabel
2024-09-30T11:37:22Z
2024-09-30T11:37:22Z
2024-09-16
Rivera-Franco, P., Requejo, I., & Suárez-González, I. (2024). Does CSR facilitate access to trade credit? The role of family ownership. Review of Managerial Science. https://doi.org/10.1007/S11846-024-00799-1
1863-6683
http://hdl.handle.net/10366/159850
10.1007/s11846-024-00799-1
1863-6691
[EN] Building on the socioemotional wealth theory, this study examines the influence
of family ownership and corporate social responsibility (CSR) on trade credit. We
argue that the intention to preserve family control, the preference for long-lasting
relationships, and the desire to accumulate social capital lead family firms to opt
for trade credit. Family firms’ peculiarities are also expected to condition the CSRtrade
credit link. In addition, we account for the fact that some CSR practices
are particularly aimed at external stakeholders. Our analyses rely on a sample of
European listed firms from 2008 to 2020 and our empirical evidence confirms a
positive effect of family ownership and CSR on trade credit. Going a step further,
our results highlight the moderating role of family ownership in the relationship
between CSR and firm’s access to trade credit. In fact, the positive effect of CSR
on trade credit seems to be exclusively attributable to family firms. We also report
that CSR policies oriented towards external stakeholders are linked to greater use of
trade credit, with family firms explaining the positive impact of external CSR.
eng
http://creativecommons.org/licenses/by-nc-nd/4.0/
info:eu-repo/semantics/openAccess
Attribution-NonCommercial-NoDerivatives 4.0 Internacional
Trade credit
CSR
External stakeholders
Family firms
Suppliers
Europe
Does CSR facilitate access to trade credit? The role of family ownership
info:eu-repo/semantics/article