Corporate Social Responsibility and Shareholder Proposals

被引：31
|
作者：
Eding, Erwin [1 ]
Scholtens, Bert [1 ,2 ]
机构：
[1] Univ Groningen, Dept Finance, Groningen, Netherlands
[2] Univ St Andrews, Sch Management, St Andrews, Fife, Scotland
来源：
CORPORATE SOCIAL RESPONSIBILITY AND ENVIRONMENTAL MANAGEMENT | 2017年 / 24卷 / 06期
关键词：
shareholder proposals; corporate social responsibility; socially responsible; investing; institutional investors; PRI; PERFORMANCE; SUSTAINABILITY; ACTIVISM; POLICY; FIRM; CSR;
D O I：
10.1002/csr.1434
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We study how corporate social responsibility relates to investors, firms, and shareholder proposals. We examine shareholder proposals on environmental, social, and governance issues at the annual general meeting of shareholders with US Fortune 250 firms during 2011-2014. We find that the probability of receiving shareholder proposals on environmental issues is positively associated with responsible institutional ownership. We find no systematic evidence that the outperformance regarding social responsibility of the firms themselves would significantly matter regarding the likelihood of shareholders filing proposals about corporate social responsibility, except for employee wellbeing. Copyright (c) 2017 John Wiley & Sons, Ltd and ERP Environment
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页码：648 / 660
页数：13
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