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Academics and regulators have given significant attention to the impact of institutional investors on the companies in which they invest. Some are concerned that the institutional investors act as common owners. But in their active ownership policies institutional investors often say they are...
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We examine how Corporate Social Responsibility (CSR), jointly with influential institutional ownership (IO), affects … firm value around the 2008 global financial crisis. We find that the effect of CSR on firm value varies with the level of … compared with non-CSR firms, CSR firms have higher firm values before the financial crisis but experience more loss in firm …
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We investigate the relationship between corporate social performance and institutional ownership. We distinguish between long-term and short-term institutional investors using holdings-based measures which directly capture the investment horizon of each institution. Our analysis shows that long...
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