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Author:Cox, P.
Brammer, S.
Millington, A.
Title:An empirical examination of institutional investor preferences for corporate social performance
Journal:Journal of Business Ethics
2004 : JUN II, VOL. 52:1, p. 27-43
Index terms:Corporate responsibility
Institutional investors
Social responsibility
Language:eng
Abstract:The pattern of institutional shareholding in the UK and its relationship with socially responsible behaviour by companies is investigated within a sample of over 500 UK companies. A set of ownership models that distinguish between long- and short-term investors and their largest components and which incorporate both aggregated and disaggregated measures of corporate social performance (CSP) are estimated. The findings indicate that long-term institutional investment is positively related to CSP.
SCIMA record nr: 258844
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