In this article, we investigate the relationship between volatility in the stock market and the trading behaviour of employees in defined-contribution (DC) pension schemes. We found that 10 percent of our sample exhibited compulsive gambling behaviour; in other words, they both ‘fed' and...

This paper reviews the most important academic studies on CSR and ESG to show where the current research on this topic is standing. Along these lines we provide our assessment of the CSR literature where appropriate.Key questions of this report are: What are the effects of superior CSR on...

This paper explores how shareholder engagement on environmental, social and governance (ESG) issues is informally exercised by a large global institutional investor with locally embedded, geographically remote firms. By studying a UK asset manager's shareholder engagement strategies on ESG...

In this enhanced meta-study we categorize more than 200 different sources. Within it, we find a remarkable correlation between diligent sustainability business practices and economic performance. The first part of the report explores this thesis from a strategic management perspective, with...

We study the global corporate engagement activities of a large UK-based asset manager from 2006 to 2011. Using proprietary data on these activities, we find that corporate engagements “behind-the-scenes” are frequently used to change corporate behavior. We show that geography is an important...

Purpose – The purpose of this paper is to explore how shareholder engagement on environmental, social, and governance (ESG) issues is informally exercised by a large global institutional investor with locally embedded, geographically remote firms. This field is still a new area of research due...