RT journal article
T1 Environmental and Social Goals in Spanish SMEs: The Moderating Effect of Family Influence
A1 Rojas Vázquez, Álvaro
A1 Lorenzo Gómez, José Daniel
A2 Organización de Empresas
K1 environmental goals
K1 social goals
K1 SMEs
K1 stakeholder
K1 family influence
K1 family firms
K1 socioemotional wealth
K1 PLS-SEM
AB Small and medium-sized enterprises (SMEs) are the predominant form of firm in the economy worldwide, so it is becoming increasingly important to understand the role they play in the green transition. It is urgent to understand how SMEs establish their goals that reorient their strategies and activities towards the creation of greater environmental value. From a stakeholder perspective, this study analyzes the environmental and social goals that create value in SMEs. We identify family influence as an important determinant for the establishment of environmental goals in SMEs that has not been sufficiently studied. We tested the hypotheses in a sample of 132 Spanish SMEs. Our findings indicate that setting social goals and having family characteristics have a direct positive effect on the environmental goals of SMEs. In addition, family influence positively moderates the effect of social goals, increasing its effect in the establishment of environmental goals for the creation of value in SMEs. This is due to the desire of family SMEs to increase their socio-emotional wealth and their transgenerational intention by incorporating the requirements of stakeholders. These findings highlight the importance of particularly considering the family characteristics of SMEs when analyzing the role that SMEs play in the green transition and should also be important for policy makers when designing environmental policies.
PB MDPI
SN 2071-1050
YR 2021
FD 2021-02
LK http://hdl.handle.net/10498/24743
UL http://hdl.handle.net/10498/24743
LA eng
NO This research received funding from the Santander Family Business Chair at the University of Cadiz.
DS Repositorio Institucional de la Universidad de Cádiz
RD 21-sep-2026