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6 - Bringing the Family into the Corporate Environmental Sustainability Strategy: Implications for Research, Education, and Policy

Published online by Cambridge University Press:  12 July 2019

Sanjay Sharma  and
Pramodita Sharma
Sanjay Sharma
Affiliation:
University of Vermont
Pramodita Sharma
Affiliation:
University of Vermont
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Summary

This chapter pulls together the discussions in the monograph and summarizes and categorizes all the research propositions developed in the previous chapters. It then demarcates the charateristics that are unique to family firms and those that are more likely in family firms in making such firms have a greater propensity to undertake patient long-term investments in developing proactive environmental strategies. It then deveops a framework showing how appying the family business lens changes what we know about drivers and influences of proactive environmental strategy and how non-family firms can learn from family firms to undertake patient capital investments in addressing sustainability challenges. The chapter concludes with avenues for future research and measure development, for business education, and for public policy.

Keywords

Unique characteristics of family firmsSummary of propositionsIimplications for researchMeasure DevelopmentGeneralizabilityInstitutional changeImplications for Business EducationImplications for Policy
Type
Chapter
Information
Patient Capital
The Role of Family Firms in Sustainable Business
 , pp. 195 - 232
Publisher: Cambridge University Press
Print publication year: 2019

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