Do Mutual Funds Represent Individual Investors?

Zytnick, Jonathon

doi:10.2139/ssrn.3803690

Cited by 2 publications

(1 citation statement)

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“…Similarly, Bolton et al (2020) map institutional investors' ideology based upon their proxy voting records, and find that pension funds and other institutional investors on the left side of the political ideology spectrum support those firms with more environmentally friendly policies. In addition, Zytnick (2022) reveals that the ideological positions of the ESG mutual funds' client bases reflect those of the mutual funds' voting patterns on corporate proposals. Further, Riedl and Smeets (2017) discover that investors are willing to forgo financial performance to invest in accordance with their social preferences.…”

Section: Literature Reviewmentioning

confidence: 99%

Reassessing climate disclosure demands: An examination of stakeholder perspectives beyond institutional investors

Kuvvet

2024

Economic Affairs

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This article examines support for mandatory climate impact disclosures beyond institutional investors and investigates societal backing for such disclosures. Analysing public comments on the Securities and Exchange Commission's proposed climate disclosure mandate, the study reveals varying levels of support across demographics, ideologies, and industries. Notably, younger individuals, affluent individuals, females, urban residents, minorities, college graduates, Democrats, environmental activists, and certain regions overwhelmingly endorse the rule. Conversely, opposition is pronounced among high‐school graduates, rural populations, small business owners, agricultural and energy sector employees, publicly traded companies, and residents of the South and Midwest. While the SEC cites institutional initiatives and surveys to justify the demand for climate disclosures, this article highlights a potential oversight of other stakeholders' perspectives. It is unclear that mandatory disclosure is necessary when a company's business is not at material financial risk from climate change.

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Section: Literature Reviewmentioning

confidence: 99%