Kölbel, Julian; Heeb, Florian; Paetzold, Falko; Busch, Timo - 2020
investor impact—that is, the change investors trigger in companies' environmental and social impact. We distinguish three … impact mechanisms: shareholder engagement, capital allocation, and indirect impacts, concluding that the impact of … shareholder engagement is well supported in the literature, the impact of capital allocation only partially, and indirect impacts …