Doing right, investing right: Socially responsible investing and shareholder activism in the financial sector

被引：40
|
作者：
Oh, Chang Hoon [1 ]
Park, Jae-Heum [2 ]
Ghauri, Pervez N. [3 ]
机构：
[1] Simon Fraser Univ, Beedie Sch Business, Vancouver, BC V6C 1W6, Canada
[2] Samil PwC LLC, Seoul 140702, South Korea
[3] Kings Coll London, London SE1 9NH, England
来源：
BUSINESS HORIZONS | 2013年 / 56卷 / 06期
基金：
新加坡国家研究基金会;
关键词：
Socially responsible investment; Shareholder activism; Corporate social responsibility; CSR; Financial industry; Dow Jones Sustainability World Index;
D O I：
10.1016/j.bushor.2013.07.006
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
In this article, we present an overview of corporate social responsibility (CSR) in the financial sector. We focus on how socially responsible investment and shareholder activism have been integral parts of corporate social responsibility in the financial sector. We examine how the financial sector and its firms are evaluated and rated via a sustainability index, the Dow Jones Sustainability World Index, and show that even leading financial institutions do not employ proactive practices regarding socially responsible investment and shareholder activism. Finally, we provide examples of two companies, UBS AG and the Co-operative Banking Group, that do utilize proactive practices. (C) 2013 Kelley School of Business, Indiana University. Published by Elsevier Inc. All rights reserved.
引用
收藏
页码：703 / 714
页数：12
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