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Norcia, Vincent di; Larkins, Joyce Tigner

doi:10.1023/a:1006053706207

Cited by 26 publications

(4 citation statements)

References 17 publications

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“…Pound (1988) argues that institutional investors, as mature investment agents in the capital market, are able to use their professional capabilities to collect, analyse and judge information, and have sufficient economic incentives to participate in corporate governance. Di Norcia and Larkins (2000) argue that as advocates of the public interest under fiduciary responsibility, institutional investors have various economic motives to monitor and influence the socially responsible behaviour of companies. Tang and Song (2010) point out that institutional investors have the incentive to participate in corporate governance to reduce agency costs and improve corporate performance.…”

Section: Motivations Of Institutional Investors To Promote Esg Perfor...mentioning

confidence: 99%

The impact of institutional investors on ESG: Evidence from China

Liu

Xiong

Gao

et al. 2022

Accounting & Finance

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This paper studies the influence of institutional ownership on the Chinese A‐shares' ESG performance. Findings reveal the positive improvement from institutional investors, and this impact is stronger in firms with better‐expected ESG performance and low initial ESG performance. Besides, heterogeneous institutional investors have different influences, and only a pressure‐resistant institution plays the promotion role. Further studies based on the period following the financial crisis and when emphasising the environmental protection policy reveal that financial motivation and reputation motivation could be the reason for institutional holding. Our findings are robust after using the instrumental variable analysis, controlling for firm fixed effects, and replacing institutional holdings, and could be beneficial for the governance of firms in China.

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Section: Motivations Of Institutional Investors To Promote Esg Perfor...mentioning

confidence: 99%

The impact of institutional investors on ESG: Evidence from China

Liu

Xiong

Gao

et al. 2022

Accounting & Finance

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“…Through these reports, stakeholders, including mutual fund investors, can formulate an accurate and comprehensive analysis in their investment process (García-Meca & Pucheta-Martínez, 2018). As professional analysts in the capital market, institutional investors have more experience and informational advantages and could offer useful suggestions to the invested company board as an independent governance participant, which is especially true for mutual fund investors who have several motivations to take ESG issues into consideration (Di Norcia & Larkins, 2000).…”

Section: Fund Investors and Csrmentioning

confidence: 99%

Do mutual fund networks affect corporate social responsibility? Evidence from China

Wang

2019

Corp Soc Responsibility Env

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The mutual fund plays an important role in corporate governance and corporate social responsibility. From the perspective of the social network, using data from A‐listed companies in China from 2009 to 2016, this paper empirically tests the influence of mutual fund networks on corporate social responsibility behaviours. To solve the sample selection bias in this study, we utilize propensity score matching to find the different social responsibility behaviours between firms with or without highly concentrated mutual funds. Our results suggest that mutual fund investors positively impact a firm's corporate social responsibility performance, as predicted. The fund network centrality and pressure mechanism have a positive impact on corporate social responsibility performance because they provide more peer pressure and network information to firms in which they are heavily invested. This paper provides new evidence on how mutual fund investors affect corporate social responsibility performance, which is meaningful to examine in corporate green governance.

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“…Research began to investigate whether there was a significant group of consumers willing to make changes in their lifestyles and spend their money responsibly (Burke and Milberg, 1993;Kalafatis et al, 1999;Shaw and Clarke, 1999;Shaw et al, 2000;Thφgersen, 1999). That was, and remains, a central question for businesses: could they take the chance of changing their business model from the dominant social paradigm, prioritising on the (misguided) belief that the Earth has limitless resources for humans to support their progress or moving to a more positive, ethical and sustainable agenda (Batson, 1996;Di Norcia and Larkins, 2000)? And if businesses did become more ethical and sustainable, would consumers repay them with custom and loyalty (Lo and Sheu, 2007;Zbuchea, 2013)?…”

Section: Introduction To the Research Handbook On Ethical Consumptionmentioning

confidence: 99%