August 2016 – ESG Insight

Institutional Ownership and Corporate Social Responsibility: The Non-Linear Relation and its Implication for Stock Return Volatility
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Institutional Ownership and Corporate Social Responsibility: The Non-Linear Relation and its Implication for Stock Return Volatility

CSR, Financial, Firm Value, Investors

Institutional Ownership and Corporate Social Responsibility: The Non-Linear Relation and its Implication for Stock Return Volatility

This study examines the relation between corporate social responsibility (CSR) and institutional investor ownership, and the impact of this relation on stock return volatility. We find that institutional ownership does not strictly increase or decrease in CSR; rather, institutional ownership is a concave function of CSR. This evidence suggests that institutional investors do not see [...]

By Jane Jagd|2016-08-25T09:58:19+00:00August 25th, 2016|CSR, Financial, Firm Value, Investors|0 Comments

Corporate Knight’s report on ranking the world’s stock exchanges
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Corporate Knight’s report on ranking the world’s stock exchanges

Firm Value, Indicators, Investors

Corporate Knight’s report on ranking the world’s stock exchanges

Corporate Knight’s have released their report ranking the world’s stock exchanges based on sustainability disclosure from the large companies on each stock exchange. The research ranks 45 exchanges, recognizing those who performed well or improved past performance, and calling for further action from others that performed poorly. The rankings are based on the disclosure of [...]

By Jane Jagd|2016-08-19T13:43:10+00:00August 19th, 2016|Firm Value, Indicators, Investors|0 Comments

CSR reports are superfluous unless accompanied by third-party assurance
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CSR reports are superfluous unless accompanied by third-party assurance

Assurance, CSR, Governance, Investors, Risk

CSR reports are superfluous unless accompanied by third-party assurance

The credibility of corporate social responsibility (CSR) reports is contingent on social and legal institutions. Based on a comprehensive sample of CSR reports in Taiwan, where legal environment and reputational concerns are weaker than in the U.S., we find that CSR reports do not in general help prevent future CSR-related high-profile misconduct or mitigate investors’ [...]

By Jane Jagd|2016-08-16T20:28:41+00:00August 16th, 2016|Assurance, CSR, Governance, Investors, Risk|0 Comments

ESG and financial performance: aggregated evidence from more than 2000 empirical studies
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ESG and financial performance: aggregated evidence from more than 2000 empirical studies

Financial, Firm Value, Investors

ESG and financial performance: aggregated evidence from more than 2000 empirical studies

Through a second-level review of 60 review studies – including both, vote-count studies and meta-analyses – on the ESG–CFP relation, we are able to combine more than 3700 study results from more than 2200 unique primary studies. Based on this sample, we clearly find evidence for the business case for ESG investing. This finding contrasts [...]

By Jane Jagd|2016-11-24T12:14:08+00:00August 16th, 2016|Financial, Firm Value, Investors|0 Comments

Large US Study of Responsible Investing
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Large US Study of Responsible Investing

Investors

Large US Study of Responsible Investing

The Council on Foundations-Commonfund Study of Responsible Investing, believed to be the largest of its kind, provides foundations with invaluable insights into how the sector and individual portfolios are being shaped by responsible investing practices, potential hurdles to their adoption, and what the entry points are for those interested in fully engaging these practices in [...]

By Jane Jagd|2016-11-24T12:14:08+00:00August 8th, 2016|Investors|0 Comments