Author(s)
Miloš Luli, Emilija Jeremić
Abstract
Family-owned businesses play a crucial role in driving ESG (Environmental, Social, and Governance) transformation by prioritizing legacy continuity for future generations. Their adaptability, value-driven strategies, and long-term outlook allow them to integrate ESG principles into daily operations. Research suggests that successors in these businesses introduce innovation and responsible practices, build strategic partnerships with relevant stakeholders and academic/research institutions with more ease, which helps shape new strategies ensuring sustained success. Our study examines the existing insights on the integration of ESG in family-owned businesses. These acquired insights inspired us to structure a survey which will help us better understand how successors’ leadership styles impact ESG-driven strategy adoption in family-owned firms and explore their attitudes towards sharing economy business models.
Cite this article
Luli, M. & Jeremić, E. (2024, May 10-11). The Link Between the Psychology of the Leader and ESG Influenced Business Models in Family Businesses. In M. Maričić, V. Jeremić & N. Zornić. (Eds.), Proceedings of the first International conference on sharing economy and contemporary business models: Theory and practice, IC-SHARE 2024, Belgrade, Serbia, (pp. 152-157). https://doi.org/10.62863/QDFK9279.