Do institutional investors drive corporate social responsibility? International evidence

This paper assesses whether shareholders drive the environmental and social (E&S) performance of firms worldwide. Across 41 countries, institutional ownership is positively associated with E&S performance with additional tests suggesting this relation is causal. Institutions are motivated by...

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Bibliographic Details
Published in:	Journal of financial economics Vol. 131; no. 3; pp. 693 - 714
Main Authors:	Dyck, Alexander, Lins, Karl V., Roth, Lukas, Wagner, Hannes F.
Format:	Journal Article
Language:	English
Published:	Amsterdam Elsevier B.V 01.03.2019 Elsevier Sequoia S.A
Subjects:	Companies Corporate responsibility Corporate social responsibility Culture Environment Financial economics Financial institutions Institutional investments Institutional investors Investors Norms Organizational effectiveness Ownership Social norms Social responsibility Stockholders M14 Corporate social responsibility G30 Environment G23 G15 Institutional investors Social norms Culture
ISSN:	0304-405X, 1879-2774
Online Access:	Get full text
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