Determinants of investment in socio-environmental impact by Brazilian business families
DOI:
https://doi.org/10.23925/2179-3565.2024v15i3p45-65Keywords:
Impact investing, Business family, Family business, Socio-emotional wealth, Online surveyAbstract
The financial asset class of impact investments finds in business families one of its usual resource allocators. Given the growing interest in this type of investment and the volume of resources involved, the objective of this article is to understand the characteristics of business families/family businesses that influence this allocation of resources. In view of the development of a hypothetical and quantitative exploration, this work was developed through the application of an online survey with members of business families in Brazil. A significant and positive relationship was found between a higher level of socioemotional wealth (SEW) and the amount allocated to impact investments. The dimension of prominence of the family proved to be that the component of the SEW responsible for the relationship found. The results allow the advancement of the frontier of knowledge on the subject and reveal numerous possibilities for future explorations, as well as have value for the service industry aimed at business families/family businesses.
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