It's About Time! The Influence of Institutional Investment Horizon on Corporate Social Responsibility

Boubaker, Sabri; Chourou, Lamia; Himick, Darlene; Saadi, Samir

doi:10.1002/tie.21910

Cited by 35 publications

(25 citation statements)

References 66 publications

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“…Moreover, in line with the second hypothesis, time-driven, long-term investors also lead to increased firm environmental performance and its three sub-pillars. Our results complement prior studies on the US capital markets on the positive impact of long-term investors on overall ESG performance (Meng and Wang 2020;Erhemjamts and Huang 2019;Fu et al 2019;Gloßner 2019;Kim et al 2019a;Lamb and Butler 2018;Boubaker et al 2017;Neubaum and Zahra 2006). Finally, in line with the third hypothesis, the analysis shows that the two proxies of sustainable ownership are also positively associated with firms' carbon awareness, proxied by their willingness to respond to the CDP survey.…”

Section: Synthesis Of Resultssupporting

confidence: 87%

“…In contrast to the low number of studies on content-driven, socially responsible investors, we recognize an increased amount of research on time-driven, long-term investors and their overall impact on environmental and social performance (e.g., Meng and Wang 2020;Erhemjamts and Huang 2019;Fu et al 2019;Gloßner 2019). Prior studies find that long-term investors, especially institutional investors, strengthen environmental and social performance based on US settings (Meng and Wang 2020;Erhemjamts and Huang 2019;Fu et al 2019;Gloßner 2019;Kim et al 2019a;Lamb and Butler 2018;Boubaker et al 2017;Neubaum and Zahra 2006).…”

Section: Time-driven Long-term Investors and Corporate Environmental Performancementioning

confidence: 93%

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Do sustainable institutional investors contribute to firms’ environmental performance? Empirical evidence from Europe

Kordsachia¹,

Focke

Velte

2021

Rev Manag Sci

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In light of current climate change discussions, this paper analyzes the effect of ownership structure on a firm’s environmental performance with a subsequent focus on corporate emission reduction. Based on a cross-national European sample consisting of 7384 firm-year observations between 2008 and 2017, this study explores the relationship between sustainable institutional investors and environmental performance. In line with prior research and embedded in an agency theoretical framework, the nature of institutional investors may act as a stimulating driver towards green business practices. Sustainable institutional investors are defined based on their signatory status to the UN Principles for Responsible Investment and their (long-term) investment horizons. The first classification stems from a content-driven sustainability perspective, while the second is derived from temporal sustainability. The results indicate that sustainable institutional ownership is positively associated with a firm’s environmental performance. Further investigations reveal that sustainable institutional investor ownership is also positively associated with firms’ willingness to respond to the Carbon Disclosure Project. These results indicate a higher carbon-risk awareness in firms with greater sustainable institutional investor ownership. Our paper significantly contributes to prior empirical research on institutional ownership and environmental performance and offers useful theoretical and practical implications. It focusses on a still-underdeveloped research area, namely organizations and their relationships with the natural environment, including institutional equity ownership as a driver towards greener practices on a corporate level.

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Section: Synthesis Of Resultssupporting

confidence: 87%

Section: Time-driven Long-term Investors and Corporate Environmental Performancementioning

confidence: 93%

Do sustainable institutional investors contribute to firms’ environmental performance? Empirical evidence from Europe

Kordsachia¹,

Focke

Velte

2021

Rev Manag Sci

View full text Add to dashboard Cite

show abstract

“…Findings also demonstrate that institutional investors with a long-term orientation bring about increased CSR rankings (Boubaker, Chourou, Himick, & Saadi, 2017) and further work depicts the negative impact of oligarchic control in increasing corruption and impeding economic growth (Fogel, 2006).…”

Section: Implementation Of Non-market Strategiesmentioning

confidence: 82%

An overview of social responsibility dimensions in international business

Sinkovics¹,

Sinkovics²,

Archie-Acheampong³

2019

Socially Responsible International Business

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This chapter aims at taking stock of business-responsibility-related studies in international business (IB) research. Key features of this literature review include (1) a broad search strategy capturing both positive and negative aspects of responsibility, (2) not imposing any constraints on the time period, and (3) extending the search to all IB journals included in the Web of Science database. By incorporating both responsible and irresponsible behavior in the search strategy, we are able to provide a holistic map of responsibility-related research in IB.

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“…In the literature, corporate philanthropy is deemed to be an essential and principal type of corporate social responsibilities (Bartkus et al, 2002;Boubaker, Chourou, Himick, & Saadi, 2017;Brammer & Millington, 2004;Houqe et al, 2019;S. Li et al, 2015;Reverte, 2009;Zhang et al, 2010).…”

Section: Introductionmentioning

confidence: 99%

Do firm characteristics and ownership structure affect corporate philanthropic contributions in Jordan?

Ananzeh

Alshurafat

Hussainey

2021

JFRA

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Purpose This paper aims to examine the drivers of corporate donations in Jordan. In particular, to examine whether firm-specific characteristics and ownership types affect corporate donations. Design/methodology/approach The analysis is based on a sample of 94 Jordanian listed companies, drawn from the manufacturing and service sectors, over the period 2010–2016. This paper uses ordinary least square regression with a year and industry fixed effects to test the research hypotheses. Findings This paper finds that corporate philanthropic contributions are positively associated with company size, age, profitability, media exposure and governmental ownership. This paper also finds that corporate philanthropic contributions are negatively associated with financial leverage and family ownership. Originality/value The paper provides new evidence on the determinants of corporate philanthropic contributions in a developing country.

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It's About Time! The Influence of Institutional Investment Horizon on Corporate Social Responsibility

Cited by 35 publications

References 66 publications

Do sustainable institutional investors contribute to firms’ environmental performance? Empirical evidence from Europe

Do sustainable institutional investors contribute to firms’ environmental performance? Empirical evidence from Europe

An overview of social responsibility dimensions in international business

Do firm characteristics and ownership structure affect corporate philanthropic contributions in Jordan?

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