Institutional ownership horizon, corporate social responsibility and shareholder value
Abstract
A widely held view among policymakers, corporate executives and the media is that short-termism among institutional investors is increasingly prevalent. However, some institutional investors are increasingly vocal about taking a long-term approach, and these investors care about environmental, social and governance (ESG) issues. The reality is that investors are a diverse set of stakeholders with various objectives and time horizons. In the...
Paper Details
Title
Institutional ownership horizon, corporate social responsibility and shareholder value
Published Date
Dec 1, 2019
Journal
Volume
105
Pages
61 - 79
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Notes
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