to an influential argument, activist shareholders can offer a solution by supplying large investment managers with … shareholders – have different visions of stewardship with little scope for interactions. For large investment managers, general …

This study uses two distinct quasi-natural experiments to examine the effect of institutional shareholders on corporate … reconstitutions improves portfolio firms' CSR performance. We then find that firms have lower CSR ratings when shareholders are … financially material. Furthermore, we show that institutional shareholders influence CSR through CSR-related proposals. Overall …

Recent literature suggests that some socially responsible corporate actions benefit shareholders while others do not … environmental performance as the proxy for CSR. We show that family firms are more responsible to shareholders than non-family firms … diverge, i.e., when it comes to making environmental investments that might benefit society but do not benefit shareholders …

policies institutional investors often say they are long-term shareholders, socially responsible investors, or stakeholder …