The U.S. equity market has witnessed the rising power of institutional investors over the past three decades. Yet, even as these institutional owners become more powerful their effect on corporate social responsibility (CSR) still remains unclear. The present study attempts to fill this gap by...

Drawing upon the notion that the legal environment provides the conceptual and practical space in which corporate actions are deemed to be responsible (or not), we examine the effect of regulatory uncertainty on Corporate Social Responsibility activity. Using a sample of US firms, we find that...