Open AccessThe Effect of Religiosity, Spirituality and Family Power Influence on Family Business Sustainable Values
Author(s) -
Zazli Lily Wisker,
Vikinta Rosinaite,
Balakrishnan Muniapan
Publication year - 2019
Publication title -
journal of asia entrepreneurship and sustainability
Language(s) - English
Resource type - Journals
ISSN - 1176-8592
DOI - 10.22622/jaes.2019.15-1.05
Subject(s) - religiosity , spirituality , family business , affect (linguistics) , power (physics) , shareholder , business , social psychology , public relations , marketing , psychology , political science , corporate governance , finance , medicine , physics , alternative medicine , pathology , communication , quantum mechanics
Family businesses are distinct from non-family businesses due to the families’involvement in managing and influencing the business. The influence can takeseveral forms. This study examines if religiosity, spirituality and power influence of the owning family business affect the family businesses’ corporate socialresponsibility towards their customers, employees, shareholders and societies. Thestudy hypothesises positive effects of religious belief, religious practice, spiritualityand power influences on family business corporate social responsibility. Data wascollected among 251 family members from 84 small to medium-sized familybusinesses in the North Island of New Zealand. The relationships were significantfor spirituality and religious practice (negative effect). Ultimately, discussion andpractical implications are discussed.