The U.S. equity market has witnessed the rising power of institutional investors over the past three decades. Yet, even as these institutional owners become more powerful their effect on corporate social responsibility (CSR) still remains unclear. The present study attempts to fill this gap by...

This paper documents a negative effect of institutional cross-blockholding on portfolio firms’ corporate social responsibility (CSR) performance. Our baseline results show that cross-held firms perform worse in CSR than non-cross-held firms do. A quasi-natural experiment based on mergers...

We examine relationship between common institutional ownership and corporate social responsibility (CSR). We find that common institutional ownership is negatively associated with the level of CSR, which supports an anti-competitive view. We conduct a propensity score matching (PSM) analysis and...

In this paper, we employ the unique qualified foreign institutional investors (QFII) scheme in China to investigate whether and how the different religious beliefs in the areas where foreign institutional shareholders from are associated with the corporate social responsibility (CSR) performance...

We evaluate the sustainability of real estate investment vehicles in Switzerland according to the three Environmental, Social, and Governance (ESG) pillars. For this purpose, we conducted a survey of direct investors (real estate investment companies, funds, and foundations) inquiring about...