Responses of institutional investors corporate to social performance measures
This study represents a first attempt to empirically examine the impact of data relating to corporate social performance (CSP) on institutional ownership. Findings, though not statistically significant, are consistent with the hypothesis that institutional investors increase ownership when CSP data...
| VerfasserInnen: | ; |
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| Medienart: | Elektronisch Aufsatz |
| Sprache: | Englisch |
| Verfügbarkeit prüfen: | HBZ Gateway |
| Fernleihe: | Fernleihe für die Fachinformationsdienste |
| Veröffentlicht: |
1994
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| In: |
International journal of value-based management
Jahr: 1994, Band: 7, Heft: 2, Seiten: 165-180 |
| weitere Schlagwörter: | B
Social Performance
B Institutional Ownership B Responsible Group B Corporate Social Performance B Institutional Investor |
| Online-Zugang: |
Volltext (lizenzpflichtig) |
| Zusammenfassung: | This study represents a first attempt to empirically examine the impact of data relating to corporate social performance (CSP) on institutional ownership. Findings, though not statistically significant, are consistent with the hypothesis that institutional investors increase ownership when CSP data are positive and, minimally, do not decrease investment. Additionally, although fewer institutions invest in the on-average smaller and more highly-leveraged firms in the socially responsible group, institutions invest in about the same percent of overall equity, suggesting that they may be making some sort of risk trade-off. |
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| ISSN: | 1572-8528 |
| Enthält: | Enthalten in: International journal of value-based management
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| Persistent identifiers: | DOI: 10.1007/BF00890525 |
