Free U. of Bolzano, IMD Business School and Lancaster U., Italy
Building on the mixed gamble perspective, we analyze the progress of family versus non-family firms towards SDG 7 (affordable and clean energy). Our framework explains how the mixed gamble and goals of family firm ownership and management, as well as the national context (i.e., country progress toward SDG 7), affect firm behavior in the pursuit of affordable and clean energy. Using a novel and unique sample of listed firms from 39 countries over 14 years, our study provides insights into why firms calculate the mixed gamble of SDG 7 progress differently, depending on their ownership and management configurations, in countries with different levels of SDG 7 progress. Our study is an important step toward a better understanding of the sustainable development goals of family firms.
