Disclosure of non-financial information as enabler for a better corporate-investor dialogue has recently appeared on the regulatory agenda worldwide. This paper challenges the widely held view that compliance with standardized non-financial reporting would necessarily lead to better corporate...

This chapter presents two parallel narratives to understand Japan's responsible investment: an imported concept of socially responsible investment (SRI) that is quickly institutionalized and a lesser known, grassroots movement by domestic long-term fund managers wanting to reverse the...

The financial crisis has exposed a behavioral paradox: although asset managers are putting significant effort into meeting institutional pressures to demonstrate transparency and responsible behavior, their actual investment behaviors seem to remain inconsistent with responsible ownership. We...