Morals or Economics? Institutional Investor Preferences for Corporate Social Responsibility

被引：123

作者：

Petersen, Henry L. ^{[1
]}

Vredenburg, Harrie ^{[2
]}

机构：

[1] Seattle Pacific Univ, Sch Business & Econ, Seattle, WA 98119 USA

[2] Univ Calgary, Haskayne Sch Business, Calgary, AB, Canada

来源：

JOURNAL OF BUSINESS ETHICS | 2009年 / 90卷 / 01期

关键词：

social responsibility; institutional investing; social-financial performance; FINANCIAL PERFORMANCE; MANAGEMENT;

D O I：

10.1007/s10551-009-0030-3

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This article presents the results of a study that analysed whether social responsibility had any bearing on the decision making of institutional investors. Being that institutional investors prefer socially aligned organizations, this study explored to what extent the corporate actions and/or social/environmental investments influenced their decisions. Our results suggest that there are specific variables that affect the perceived value of the organization, leading to decisions to not only invest, but whether to hold or sell the shares, and therefore having a consequential impact on the capital market's valuation.

引用

页码：1 / 14

页数：14

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