This survey examines the vibrant academic literature on environmental, social, and governance (ESG) investing. While there is no consensus on the exact list of ESG issues, responsible investors increasingly assess stocks in their portfolios based on nonfinancial data on environmental impact...

This paper examines how the investment horizons of a firm's institutional investors affect its corporate social responsibility (CSR) activities. Using data on U.S. firms' CSR ratings over the 1995–2012 period, we find that longer investment horizons are positively related to CSR. Further,...

To understand why investors hold socially responsible mutual funds, we link administrative data to survey responses and behavior in incentivized experiments. We find that both social preferences and social signaling explain socially responsible investment (SRI) decisions. Financial motives play...

To understand why investors hold socially responsible mutual funds, we link administrative data to survey responses and behavior in incentivized experiments. We find that both social preferences and social signaling explain socially responsible investment (SRI) decisions. Financial motives play...

Sustainability-related non-financial information is increasingly deemed value relevant. Against this background, two recent trends in non-financial reporting are frequently discussed: integrated reporting and assurance of sustainability information. Using an established framework of information...

My paper discusses four empirical approaches of the Russell 1000/2000 index reconstitutions to identify the effects of institutional investors on firm outcomes. Unbiased empirical approaches suggest that between 1998 and 2006, firms ranked at the top of the Russell 2000 had at most a 2...

This research study explores the social and financial performance and sustainability costs on institutional ownership companies. The quantitative research method is used for this research study. The sample comprised of top forty US environmental companies from 2012 to 2014. The research question...

This study investigates the potential factors explaining the inconsistent relationship between profitability and firm value. Specifically, it examines whether dividend policy contributes to the profitability-firm value relationship and determines the form of the moderating variables. We use a...

The conversations surrounding corporate social responsibility ("CSR") in international investments often involve framing the discussions from the FDI lens. This Article aims to add another dimension to the discussion: the consideration of the sovereign-driven portfolio investment (in contrast to...