State pension funds and corporate social responsibility: do beneficiaries' political values influence funds' investment decisions?
This study explores the underlying drivers of US public pension funds’ tendency to tilt their portfolios towards companies with stronger corporate social responsibility (CSR). Studying the equity holdings of large, internally managed US state pension funds, we find evidence that the political leanin...
Authors: | ; |
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Format: | Electronic Article |
Language: | English |
Check availability: | HBZ Gateway |
Journals Online & Print: | |
Fernleihe: | Fernleihe für die Fachinformationsdienste |
Published: |
Springer
2020
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In: |
Journal of business ethics
Year: 2020, Volume: 165, Issue: 3, Pages: 489-516 |
Further subjects: | B
Socially Responsible Investing
B M14 B Political values B Corporate social responsibility B CSR B Fiduciary Duty B Portfolio decisions B G11 B H75 B Aufsatz in Zeitschrift B H55 B State pension funds |
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