The Impact of Corporate Social Responsibility on Financial Performance of Family and Nonfamily Businesses

The present paper aims to identify the dimensions of components of corporate social responsibility, and provide a comparative comparison of the extent to which each of the dimensions identified in the family business was compared with non-family counterparts. At the same time, reviewing the theoretical literature of the research, the six dimensions of corporate social responsibility were identified with the approval of academic and corporate experts. In the following, the impact of each dimension on financial performance of family and non-family business people of Mazandaran province was investigated. A descriptive survey method using structural equation model was used in this research. In order to collect data, a researcher-made questionnaire of 67 questions with a five-point Likert questionnaire was used to collect data. In addition, verifying the validity and reliability of the instruments with a community of 830 business owners with active trading cards as members of the Chamber of Commerce, Industries, Mines And agriculture in Mazandaran province, the questionnaires were distributed by simple sampling method. Finally, 385 questionnaires were completed and the data were analyzed using PLS software. The results of the research showed that the impact of social responsibility dimensions on financial performance in Family businesses is 95th and in non-family firms is 51st. This indicates that there is a significant difference in the effectiveness of the two groups.