Financial return or social responsibility? An investigation into the stakeholder focus of institutional investors

2022 ◽  
Author(s):  
Sandra Einig
Keyword(s):  
Social Responsibility ◽  
Institutional Investors ◽  
Financial Return

scholarly journals Pengaruh Dimensi Pengungkapan Corporate Social Responsibility Terhadap Future Institutional Ownership

2016 ◽  
Vol 17 (1) ◽  
pp. 91
Author(s):  
Rizky Eriandani
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Institutional Investors ◽  
Positive Impact ◽  
Investment Decisions ◽  
Measurement Instrument ◽  
Institutional Ownership ◽  
Manufacturing Companies ◽  
Csr Disclosure ◽  
Corporate Social

<em>Corporate social responsibility practice becomes important subject in company`s activity, because it will affect the company's reputation. Besides, institutional investors likely prefer to invest in companies that have a social responsibility as it is considered to increase the legitimacy and future performance. This study aims to investigate the effect of CSR disclosure on institutional ownership. We use percentages ownership to measure institutional ownership. CSR measurement instrument used in this study adopted a previous research. The instrument comes from research Hackston and Milne, which was adjusted with Bapepam regulation in Indonesia. We also divided CSR disclosures in four sub-dimensions. The samples used in this research were 115 listed agriculture, mining, and manufacturing companies in indonesian Stock Exchange which studied during the years of 2010. Using SPSS 20, The analysis methods of this research used multiple regression analysis. Studies shows that not all dimensions of CSR disclosure effect on institutional ownership. Only product dimensions of CSR disclosures has a significant positive impact on institutional ownership. However, this paper fail to find any significant impact of another CSR dimensions. Thus, our study suggests that the dimensions of the product can affect investment decisions. In contrast, institutional investors have not focused on environment, employee relation, and community activities in investment decisions.</em>

Corporate Social Responsibility: Mehr als nur PR

2014 ◽  
Vol 55 (1) ◽  
pp. 27-31 ◽  
Author(s):  
Bettina Lis ◽  
Christian Neßler
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Capital Markets ◽  
Investment Strategy ◽  
International Capital ◽  
Financial Return ◽  
Social Good ◽  
International Capital Markets ◽  
Sustainable Investments ◽  
Corporate Social

Der Beitrag soll auf die wachsende ökonomische Relevanz von Corporate Social Responsibility auf dem Finanzmarkt Bezug nehmen . Nachhaltigkeits-Investments stellen hierbei einen noch kleinen, aber stetig wachsenden Bereich des Kapitalmarktes dar. Sustainable and Resposnsible Investments (SRI) verfolgen eine Investitionsstrategie, die sowohl den ökonomischen als auch gesellschaftlichen Anlageerfolg fokussiert. The paper reviews the development of corporate social responsibility (CSR) and sustainable and responisble investment (SRI). SRI is a growing segment of international capital markets. SRI describes an investment strategy which seeks to maximize both financial return and social good. Keywords: sustainable investments, responsible investments, nachhaltige kapitalanlagen, csr

More than money: exploring the role of investment advisors for sustainable investing

2015 ◽  
Vol 1 (1) ◽  
pp. 195-223 ◽  
Author(s):  
Falko Paetzold ◽  
Timo Busch ◽  
Marc Chesney
Keyword(s):  
Decision Making ◽  
Social Responsibility ◽  
Financial Markets ◽  
Ordinary Least Squares ◽  
Capital Allocation ◽  
Future Research ◽  
Financial Return ◽  
Content Type ◽  
Private Investors

Purpose – Investment advisors play a significant role in financial markets, yet the determinants of their behavior have not been explored in detail. The purpose of this paper is to explore the determinants of how actively advisors communicate about sustainable investing with their clients, and differences in the preferences of advisors compared to investors. Design/methodology/approach – Based on a survey with 296 retail and private banking investment advisors, this study employs an ordinary least squares regression model to explore the determinants of advisors activity in communicating about sustainable investing (SI) with their clients, differences in the aspects that matter to advisors and investors, and the role of the complexity of sustainability. Findings – Advisors activity in communicating about SI relates to their expectation of SI regarding financial return, real-world impact, and the fuzziness and trustworthiness of SI. Advisors appear not to be influenced by expected risk and their personal values, which runs against prior research findings and the interest of investors. Research limitations/implications – Future research should assess cultural differences and explore asymmetries between advisors and investors in regard to the role of volatility, values, impact measurement, and complexity. Practical implications – Investment advisors underweighting aspects related to risk and self-transcendent values relative to their clients might limit the suitability of clients ' portfolios, skew capital allocation, and depress the role of SI in financial markets. Generalized to salespeople this behavior might depress the market success of products related to sustainability at large. Social implications – The findings and their generalization indicate that salespeople might systematically deviate from their clients’ interests in regard to social responsibility. Advisors and salespeople in their mediating role might be an important barrier to sustainable development. Originality/value – This is the first quantitative study that explores the decision-making by investment advisors in the context of SI, and as such answers to specific calls in literature to explore the micro-foundations of decision making in regard to SI and social responsibility, and on the relationship between private investors and investment advisors. This study is based on unique and original empirical data on advisors that work with retail and wealthy private investors.

scholarly journals ETHICS, SOCIAL RESPONSIBILITY AND CORRUPTION AS RISK FACTORS

10.26458/1711 ◽  
2017 ◽  
Vol 17 (1) ◽  
pp. 17
Author(s):  
Alexandru GRIBINCEA
Keyword(s):  
Risk Factors ◽  
Social Responsibility ◽  
Financial Risk ◽  
Financial Structure ◽  
Insurance Company ◽  
Financial Return ◽  
Net Profit ◽  
The Cost

 The financial risk characterises the variability of net profit, subject to the financial structure of the insurance. The capital of the insurance company has two elements (the equity and the borrowed one) that differ fundamentally in the cost they generate. If the company uses loans, it will bear systematically the related financial expenses, too. Through its size and cost, indebtedness leads to the variation and changes the size of financial risk. Resorting to the debt is justified through the high remuneration of equity in relation to borrowed capital, thus increasing the financial return.  

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