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가족기업의 CSR 성과에 관한 연구: 이사회 특성의 조절효과를 중심으로

Family Firms and Corporate Social Responsibility : A Moderating Role of Board Characteristics

장영균|이강표|오원용|정라미
한국전문경영인학회|2019.12|전문경영인연구 (Journal of CEO and Management Studies)|제22권 제4호|pp. 55-81

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참고문헌

키워드

기업의 사회적 책임Corporate social responsibility가족기업비가족기업Family firm이사회 특성Non-family firmBoard characteristics

초록

본 연구에서는 가족기업의 CSR 성과에 대한 기존의 두 가지 상반된 관점을 통합적으로살펴보고자 하였다. 구체적으로 가족 지배 여부(가족 vs. 비가족)가 CSR 성과에 미치는영향은 이사회의 감시 및 통제와 자원 제공 역할 수행 수준에 따라 달라질 것이라고 보았다. 국내 상장 기업들을 중심으로 가족 지배 여부와 CSR 성과 간의 관계에 사외이사의상대적 지분소유율과 이사회 참석률, 이사회의 연령 다양성과 CSR 관련 회의 안건 수가미치는 영향을 살펴보았다. 분석 결과, 비가족기업이 가족기업에 비해 전반적으로 CSR 성과가 높은 것으로 나타났지만, 이사회의 효과적인 감시기능과 자원제공 기능을 대변하는 상기 변수들의 조절효과를 고려했을 경우에는 가족지배 여부에 따라 그 효과가 다르게작용함을 발견하였다. 즉, 효과적인 구조를 가진 이사회는 전반적으로 비가족기업과 CSR 성과간의 긍정적인 관계를 더욱 강화시키는 것으로 나타났다. 반면 가족기업과 CSR 성과간의 부정적인 관계에서 이사회의 특성들은 그 부정적인 관계를 약화시키기도 하지만강화시키는 역할을 하기도 한다는 혼재된 결과를 발견하였다.

Abstract

This study contributes to the literature by integrating the current opposing views on the relationship between family control of the firm and corporate social responsibility (CSR). We try to address this tension by focusing on the moderating role of board characteristics. By using a panel dataset of publicly traded firms in Korea, we hypothesize that the effect of family control (family firms vs. non-family firms) on CSR would depend upon roles of board of directors featured by equity ownership of outside directors, age diversity of board, board attendance rates, and amount of CSR-related agendas being discussed in the board meeting. We found the distinctive patterns of relationship between family control (family firms vs. non-family firms) and CSR, contingent upon the different features of board characteristics. Theoretical contributions and practical implications will be discussed.

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