The Role of Mutual Funds in Corporate Social Responsibility
Abstract This paper examines the role of mutual funds in corporate social responsibility (CSR). Using a fund-level, holdings-based CSR score, we find that CSR-friendly mutual funds improve firms’ CSR standings. This effect is more pronounced for firms with higher mutual fund ownership and stronger c...
Ausführliche Beschreibung
Autor*in: |
Li, Zhichuan Frank [verfasserIn] |
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Format: |
Artikel |
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Sprache: |
Englisch |
Erschienen: |
2020 |
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Schlagwörter: |
Corporate social responsibility |
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Anmerkung: |
© Springer Nature B.V. 2020 |
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Übergeordnetes Werk: |
Enthalten in: Journal of business ethics - Springer Netherlands, 1982, 174(2020), 3 vom: 16. Sept., Seite 715-737 |
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Übergeordnetes Werk: |
volume:174 ; year:2020 ; number:3 ; day:16 ; month:09 ; pages:715-737 |
Links: |
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DOI / URN: |
10.1007/s10551-020-04618-x |
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Katalog-ID: |
OLC2077483393 |
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10.1007/s10551-020-04618-x doi (DE-627)OLC2077483393 (DE-He213)s10551-020-04618-x-p DE-627 ger DE-627 rakwb eng 300 330 VZ 3,2 0 1 ssgn 85.00 bkl Li, Zhichuan Frank verfasserin aut The Role of Mutual Funds in Corporate Social Responsibility 2020 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier © Springer Nature B.V. 2020 Abstract This paper examines the role of mutual funds in corporate social responsibility (CSR). Using a fund-level, holdings-based CSR score, we find that CSR-friendly mutual funds improve firms’ CSR standings. This effect is more pronounced for firms with higher mutual fund ownership and stronger corporate governance. We further show that while CSR-friendly mutual funds have influence on almost all CSR categories, they focus on increasing CSR strengths rather than reducing CSR concerns. We also discover that CSR-friendly funds are more likely to vote in favor of CSR proposals, and that firms owned by CSR-friendly funds are more likely to link their CEO compensation to CSR outcomes. These results suggest that actively managed mutual funds, which were previously thought to be indifferent (or even detrimental) to social and ethical issues, play a significant role in corporate social outcomes of the firms they invest in. Corporate social responsibility Mutual funds Socially responsible investment Corporate governance Executive compensation Patel, Saurin aut Ramani, Srikanth aut Enthalten in Journal of business ethics Springer Netherlands, 1982 174(2020), 3 vom: 16. Sept., Seite 715-737 (DE-627)130668133 (DE-600)868017-6 (DE-576)018279333 0167-4544 nnns volume:174 year:2020 number:3 day:16 month:09 pages:715-737 https://doi.org/10.1007/s10551-020-04618-x lizenzpflichtig Volltext GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-WIW GBV_ILN_2018 85.00 VZ AR 174 2020 3 16 09 715-737 |
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10.1007/s10551-020-04618-x doi (DE-627)OLC2077483393 (DE-He213)s10551-020-04618-x-p DE-627 ger DE-627 rakwb eng 300 330 VZ 3,2 0 1 ssgn 85.00 bkl Li, Zhichuan Frank verfasserin aut The Role of Mutual Funds in Corporate Social Responsibility 2020 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier © Springer Nature B.V. 2020 Abstract This paper examines the role of mutual funds in corporate social responsibility (CSR). Using a fund-level, holdings-based CSR score, we find that CSR-friendly mutual funds improve firms’ CSR standings. This effect is more pronounced for firms with higher mutual fund ownership and stronger corporate governance. We further show that while CSR-friendly mutual funds have influence on almost all CSR categories, they focus on increasing CSR strengths rather than reducing CSR concerns. We also discover that CSR-friendly funds are more likely to vote in favor of CSR proposals, and that firms owned by CSR-friendly funds are more likely to link their CEO compensation to CSR outcomes. These results suggest that actively managed mutual funds, which were previously thought to be indifferent (or even detrimental) to social and ethical issues, play a significant role in corporate social outcomes of the firms they invest in. Corporate social responsibility Mutual funds Socially responsible investment Corporate governance Executive compensation Patel, Saurin aut Ramani, Srikanth aut Enthalten in Journal of business ethics Springer Netherlands, 1982 174(2020), 3 vom: 16. Sept., Seite 715-737 (DE-627)130668133 (DE-600)868017-6 (DE-576)018279333 0167-4544 nnns volume:174 year:2020 number:3 day:16 month:09 pages:715-737 https://doi.org/10.1007/s10551-020-04618-x lizenzpflichtig Volltext GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-WIW GBV_ILN_2018 85.00 VZ AR 174 2020 3 16 09 715-737 |
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10.1007/s10551-020-04618-x doi (DE-627)OLC2077483393 (DE-He213)s10551-020-04618-x-p DE-627 ger DE-627 rakwb eng 300 330 VZ 3,2 0 1 ssgn 85.00 bkl Li, Zhichuan Frank verfasserin aut The Role of Mutual Funds in Corporate Social Responsibility 2020 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier © Springer Nature B.V. 2020 Abstract This paper examines the role of mutual funds in corporate social responsibility (CSR). Using a fund-level, holdings-based CSR score, we find that CSR-friendly mutual funds improve firms’ CSR standings. This effect is more pronounced for firms with higher mutual fund ownership and stronger corporate governance. We further show that while CSR-friendly mutual funds have influence on almost all CSR categories, they focus on increasing CSR strengths rather than reducing CSR concerns. We also discover that CSR-friendly funds are more likely to vote in favor of CSR proposals, and that firms owned by CSR-friendly funds are more likely to link their CEO compensation to CSR outcomes. These results suggest that actively managed mutual funds, which were previously thought to be indifferent (or even detrimental) to social and ethical issues, play a significant role in corporate social outcomes of the firms they invest in. Corporate social responsibility Mutual funds Socially responsible investment Corporate governance Executive compensation Patel, Saurin aut Ramani, Srikanth aut Enthalten in Journal of business ethics Springer Netherlands, 1982 174(2020), 3 vom: 16. Sept., Seite 715-737 (DE-627)130668133 (DE-600)868017-6 (DE-576)018279333 0167-4544 nnns volume:174 year:2020 number:3 day:16 month:09 pages:715-737 https://doi.org/10.1007/s10551-020-04618-x lizenzpflichtig Volltext GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-WIW GBV_ILN_2018 85.00 VZ AR 174 2020 3 16 09 715-737 |
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Abstract This paper examines the role of mutual funds in corporate social responsibility (CSR). Using a fund-level, holdings-based CSR score, we find that CSR-friendly mutual funds improve firms’ CSR standings. This effect is more pronounced for firms with higher mutual fund ownership and stronger corporate governance. We further show that while CSR-friendly mutual funds have influence on almost all CSR categories, they focus on increasing CSR strengths rather than reducing CSR concerns. We also discover that CSR-friendly funds are more likely to vote in favor of CSR proposals, and that firms owned by CSR-friendly funds are more likely to link their CEO compensation to CSR outcomes. These results suggest that actively managed mutual funds, which were previously thought to be indifferent (or even detrimental) to social and ethical issues, play a significant role in corporate social outcomes of the firms they invest in. © Springer Nature B.V. 2020 |
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Abstract This paper examines the role of mutual funds in corporate social responsibility (CSR). Using a fund-level, holdings-based CSR score, we find that CSR-friendly mutual funds improve firms’ CSR standings. This effect is more pronounced for firms with higher mutual fund ownership and stronger corporate governance. We further show that while CSR-friendly mutual funds have influence on almost all CSR categories, they focus on increasing CSR strengths rather than reducing CSR concerns. We also discover that CSR-friendly funds are more likely to vote in favor of CSR proposals, and that firms owned by CSR-friendly funds are more likely to link their CEO compensation to CSR outcomes. These results suggest that actively managed mutual funds, which were previously thought to be indifferent (or even detrimental) to social and ethical issues, play a significant role in corporate social outcomes of the firms they invest in. © Springer Nature B.V. 2020 |
abstract_unstemmed |
Abstract This paper examines the role of mutual funds in corporate social responsibility (CSR). Using a fund-level, holdings-based CSR score, we find that CSR-friendly mutual funds improve firms’ CSR standings. This effect is more pronounced for firms with higher mutual fund ownership and stronger corporate governance. We further show that while CSR-friendly mutual funds have influence on almost all CSR categories, they focus on increasing CSR strengths rather than reducing CSR concerns. We also discover that CSR-friendly funds are more likely to vote in favor of CSR proposals, and that firms owned by CSR-friendly funds are more likely to link their CEO compensation to CSR outcomes. These results suggest that actively managed mutual funds, which were previously thought to be indifferent (or even detrimental) to social and ethical issues, play a significant role in corporate social outcomes of the firms they invest in. © Springer Nature B.V. 2020 |
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<?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>01000caa a22002652 4500</leader><controlfield tag="001">OLC2077483393</controlfield><controlfield tag="003">DE-627</controlfield><controlfield tag="005">20230505150750.0</controlfield><controlfield tag="007">tu</controlfield><controlfield tag="008">221220s2020 xx ||||| 00| ||eng c</controlfield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10.1007/s10551-020-04618-x</subfield><subfield code="2">doi</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-627)OLC2077483393</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-He213)s10551-020-04618-x-p</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-627</subfield><subfield code="b">ger</subfield><subfield code="c">DE-627</subfield><subfield code="e">rakwb</subfield></datafield><datafield tag="041" ind1=" " ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="082" ind1="0" ind2="4"><subfield code="a">300</subfield><subfield code="a">330</subfield><subfield code="q">VZ</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">3,2</subfield><subfield code="a">0</subfield><subfield code="a">1</subfield><subfield code="2">ssgn</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">85.00</subfield><subfield code="2">bkl</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Li, Zhichuan Frank</subfield><subfield code="e">verfasserin</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">The Role of Mutual Funds in Corporate Social Responsibility</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="c">2020</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="a">Text</subfield><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="a">ohne Hilfsmittel zu benutzen</subfield><subfield code="b">n</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="a">Band</subfield><subfield code="b">nc</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="500" ind1=" " ind2=" "><subfield code="a">© Springer Nature B.V. 2020</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">Abstract This paper examines the role of mutual funds in corporate social responsibility (CSR). 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