Li, Zhichuan; Patel, Saurin; Ramani, Srikanth - In: Journal of business ethics : JBE 174 (2021) 3, pp. 715-737
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...