Institutional Investors' Power to Change Corporate Behavior : International Perspectives.
Material type: TextSeries: Critical Studies on Corporate Responsibility, Governance and Sustainability SerPublisher: Bingley : Emerald Publishing Limited, 2013Copyright date: ©2013Description: 1 online resource (452 pages)Content type: text Media type: computer Carrier type: online resourceISBN: 9781781907719Subject(s): Corporate governance | Corporations -- Investor relations | Institutional investorsGenre/Form: Electronic books.Additional physical formats: Print version:: Institutional Investors' Power to Change Corporate Behavior : International PerspectivesDDC classification: 658.4 LOC classification: HD2744.I67 2013ebOnline resources: Click to ViewFRONT COVER -- INSTITUTIONAL INVESTORS' POWER TO CHANGE CORPORATE BEHAVIOR: INTERNATIONAL PERSPECTIVES -- COPYRIGHT PAGE -- CONTENTS -- LIST OF TABLES -- LIST OF FIGURES -- LIST OF CONTRIBUTORS -- EDITORIAL ADVISORY AND REVIEW BOARD -- ABOUT THE EDITORS -- ABOUT THE AUTHORS -- ACKNOWLEDGMENTS -- PART I: INTRODUCTION -- INSTITUTIONAL INVESTORS' POWER TO CHANGE CORPORATE BEHAVIOR: AN INTRODUCTION -- ORIGIN AND PURPOSE -- DISTINCTIVE APPROACHES TO INVESTIGATING INSTITUTIONAL INVESTORS' BEHAVIOR -- INTERNATIONAL COMPARATIVE STUDY USING MULTIPLE THEORETICAL FRAMEWORKS -- THEMES -- CONCLUSION -- NOTES -- REFERENCES -- PART II: THE POWER OF INSTITUTIONAL INVESTORS IN PROMOTING A SUSTAINABILITY AGENDA -- ORGANIZING THE COLLECTIVE ACTION OF INSTITUTIONAL INVESTORS: THREE CASE STUDIES FROM THE PRINCIPLES FOR RESPONSIBLE INVESTMENT INITIATIVE -- INTRODUCTION -- PART 1 - THE ORGANIZATION OF INSTITUTIONAL INVESTORS' COLLECTIVE ACTION: A THEORETICAL FRAMEWORK -- HOW DO INSTITUTIONAL INVESTORS COLLECTIVELY INFLUENCE CORPORATIONS ON ESG ISSUES? -- HOW ENABLING ORGANIZATIONS SUPPORT INSTITUTIONAL INVESTORS' COLLECTIVE ACTION? -- PART 2 - CONTEXT, METHOD AND DATA: THE PRINCIPLE FOR RESPONSIBLE INVESTMENT INITIATIVE CONTEXT -- DATA ANALYSIS -- FACILITATING COLLECTIVE ACTION EMERGENCE -- PART 3 - EVALUATING THE FRAMEWORK ACROSS THREE CASE STUDIES -- SUPPORTING COLLECTIVE ACTION DEPLOYMENT -- MAINTAINING CONDITIONS FOR COLLECTIVE ACTION -- PART 4 - DISCUSSION AND IMPLICATIONS -- ACKNOWLEDGEMENT -- REFERENCES -- RESPONSIBLE INVESTMENT, ESG, AND INSTITUTIONAL INVESTORS IN AUSTRALIA -- RESPONSIBLE INVESTMENT IN AUSTRALIA -- INSTITUTIONAL INVESTORS ENGAGEMENT -- METHOD -- FINDINGS -- DISCUSSION AND CONCLUSION -- REFERENCES -- CORPORATE CLIMATE CHANGE DISCLOSURE PRACTICES AND REGULATION: THE INFLUENCE OF INSTITUTIONAL INVESTORS -- INTRODUCTION.
INFLUENCE OF INSTITUTIONAL INVESTORS ON CLIMATE CHANGE DISCLOSURES -- INFLUENCE OF INSTITUTIONAL INVESTORS ON REPORTING REQUIREMENTS AND GUIDELINES -- INVESTOR USE OF CLIMATE CHANGE INFORMATION -- CONCLUSIONS AND FUTURE RESEARCH DIRECTIONS -- REFERENCES -- FINANCIALIZATION OF CORPORATE OWNERSHIP AND IMPLICATIONS FOR THE POTENTIAL FOR CLIMATE ACTION -- INTRODUCTION -- ISSUES -- DATA AND METHODOLOGY -- QUESTIONS AND HYPOTHESES -- CONCLUSIONS -- ACKNOWLEDGMENTS -- REFERENCES -- SOCIAL AND ENVIRONMENTAL SHAREHOLDER RESOLUTIONS: INVESTOR ACTIVISM AND CORPORATE COMPROMISES -- INTRODUCTION -- INSTITUTIONAL PRESSURES -- METHODOLOGY -- EMPIRICAL RESULTS -- DISCUSSION -- CONCLUSION -- NOTE -- ACKNOWLEDGMENTS -- REFERENCES -- INSTITUTIONAL INVESTORS, FIRM PERFORMANCE, AND THE PROSPECTS FOR SOCIALLY RESPONSIBLE INVESTING: EVIDENCE FROM NEW ZEALAND -- NATURE OF INSTITUTIONAL INVESTORS AND GENERAL SIGNIFICANCE FOR ETHICALLY/SOCIALLY RESPONSIBLE GOVERNANCE -- NEW ZEALAND CAPITAL MARKET AND REGULATORY DEVELOPMENTS AND IMPLICATIONS FOR THE ROLE OF INSTITUTIONAL INVESTORS -- INSTITUTIONAL INVESTORS AND RESPONSIBLE INVESTING: CONCEPTS, EVIDENCE, AND PROPOSITIONS -- CAN INSTITUTIONAL INVESTORS MAKE A DIFFERENCE? EVIDENCE ON FINANCIAL IMPACT -- DATA -- RESULTS -- CONCLUSION -- NOTES -- REFERENCES -- PART III: LEGAL, REGULATORY AND CULTURAL FRAMEWORKS FOR EXERCISING INSTITUTIONAL INVESTORS' POWER -- STRATEGIC RESPONSES TO NEW INSTITUTIONAL PRESSURES: THE CASE OF INSTITUTIONAL INVESTOR ACTIVISM IN FRANCE -- STRATEGIC RESPONSES TO INSTITUTIONAL PRESSURES -- METHOD -- CONCLUSION -- NOTES -- REFERENCES -- INSTITUTIONAL INVESTORS: ACTIVE OWNERSHIP THROUGH NOMINATION COMMITTEES -- INTRODUCTION -- LAW AND PRACTICE IN SCANDINAVIA -- DATA -- SHAREHOLDER ACTIVISM -- THE NOMINATION COMMITTEE -- DISCUSSION -- NOTES -- REFERENCES.
APPENDIX: SUMMARY OF LEGAL SIMILARITIES AND DIFFERENCES -- BANKING FOUNDATIONS AND THE CSR OF ITALIAN LISTED BANKS: THE CASE OF MONTE DEI PASCHI DI SIENA -- INTRODUCTION -- THE RELATION BETWEEN INSTITUTIONAL INVESTORS AND CSR POLICIES -- THE OWNERSHIP STRUCTURE OF THE ITALIAN LISTED BANKS -- THE CASE OF THE MPS BANK -- CONCLUSIONS -- NOTES -- REFERENCES -- THE DEVELOPMENT OF SRI IN CHINA -- CSR ISSUES IN ASIA AND THE POWER OF ASIAN SRI -- TRAVEL OF IDEAS IN TERMS OF IMITATION AND LOCAL ADAPTATIONS -- CHINESE CULTURAL HERITAGE -- METHODOLOGY -- CHINESE FINANCIAL MARKET -- SRI INITIATIVES IN CHINA -- THE TRAVEL OF SRI IDEAS INTO CHINA -- CONCLUSIONS -- POTENTIAL CARRIERS FOR FURTHER TRANSLATION -- NOTES -- REFERENCES -- PART IV: IMPEDIMENTS TO INSTITUTIONAL INVESTORS' PROMOTION OF THEIR SUSTAINABILITY AGENDA -- INSTITUTIONAL INVESTOR SUPPORT FOR CLIMATE CHANGE RESOLUTIONS: A NEW CHALLENGE TO CAPITALISM OR CO-OPTED ACTIVISM? -- INTRODUCTION -- INSTITUTIONAL THEORY -- RESPONSIBLE INVESTMENT NORMS -- INSTITUTIONAL LOGICS -- CONFLICTING LOGICS -- INSTITUTIONAL CHANGE -- LEGITIMACY -- SUMMARY -- METHOD -- THE CASE -- CONCLUSION -- NOTES -- ACKNOWLEDGMENT -- REFERENCES -- APPENDIX A: LIST OF ARTICLES -- APPENDIX B: THE RESOLUTION -- THE ROLE OF SOCIAL PERFORMANCE IN MICROFINANCE INVESTMENT DECISIONS -- INTRODUCTION -- MICROFINANCE INVESTMENT VEHICLES AND THE DOUBLE BOTTOM LINE -- SOCIALLY RESPONSIBLE INVESTMENTS: METHODS, IMPACTS, AND IMPEDIMENTS -- WHAT ARE THE IMPEDIMENTS TO THE INTEGRATION OF SOCIAL PERFORMANCE IN INVESTMENT DECISIONS? INSIGHTS FROM MICROFINANCE FUND MANAGERS -- DISCUSSION AND CONCLUSION -- NOTES -- ACKNOWLEDGMENTS -- REFERENCES -- APPENDIX A: ANALYSIS FRAMEWORK OF THE IMPEDIMENTS TO SRI -- APPENDIX B: CHARACTERISTICS OF THE SAMPLE -- ESG: FROM NEGATIVE SCREENING TO HUMAN CAPITAL ANALYSIS -- INTRODUCTION.
THE POWER OF INSTITUTIONAL INVESTORS TO INFLUENCE SRI -- INTERNAL AND EXTERNAL PERSPECTIVES OF FIRM VALUE CREATION -- CLARIFYING THE "S" IN ESG INVESTING -- THE S IN ESG - WHAT AND HOW TO MEASURE? -- HUMAN CAPITAL RISK AND INCOMPLETE ESG REPORTS: LEHMAN BROTHERS 2008 -- CONCLUSION - THE FUTURE POWER OF INSTITUTIONAL INVESTORS -- REFERENCES -- APPENDIX A: UNPRI -- APPENDIX B: SUSTAINABLE STOCK EXCHANGES INITIATIVE PRESS RELEASE -- APPENDIX C: FIVE CORE RECOMMENDATIONS FOR POLICY MAKERS ON MANDATORY INTEGRATED SUSTAINABILITY REPORTING -- A MOTIVATION PUZZLE: CAN INVESTORS CHANGE CORPORATE BEHAVIOR BY CONFORMING TO ESG PRESSURES? -- INTRODUCTION -- DOMINANT ASSUMPTIONS IN THE SUSTAINABLE INVESTMENT LITERATURE -- THE USE OF ESG INFORMATION THROUGH A SENSEMAKING LENS -- SENSEGIVING CAPACITIES AND MOTIVATIONS TO DEMONSTRATE CONFORMANCE -- DO CONFORMANCE MOTIVATIONS RESULT IN LASTING CORPORATE CHANGE? -- CONCLUSION -- NOTES -- REFERENCES -- PART V: CORPORATE RESPONSES TO INSTITUTIONAL INVESTORS' PROMOTION OF THEIR SUSTAINABILITY AGENDA -- PROACTIVE INVESTOR RELATIONS: HOW CORPORATIONS RESPOND TO PRESSURES FROM SOCIAL RESPONSIBILITY INVESTORS -- COMMUNICATION TO SOCIAL RESPONSIBILITY INVESTORS -- THE IMPORTANCE OF THE CSP INFORMATION CHANNEL IN THE CSP-CFP RELATIONSHIP -- SRI ANALYSTS AND INVESTORS' PRESSURE FOR RELEASE OF CSP INFORMATION -- METHODOLOGY -- THREE CASE EXAMPLES OF IRO RESPONSES TO SRI PRESSURES -- CONCLUSION -- ACKNOWLEDGMENT -- REFERENCES -- APPENDIX: THE ROLE OF THE IRO IN CORPORATE SOCIAL RESPONSIBILITY (CSR)/SUSTAINABILITY.
The aim of the book series is to explore public concerns and practical issues deeply and rethink theoretical debates and institutional policies critically in the broad area of corporate responsibility, corporate governance and sustainability around the world. It examines the social, economic and environmental impacts of corporations, and the real effects of corporate governance, CSR and business sustainability on societies in different regions. It facilitates a better understanding of how value systems, cultures and traditions in different societies may affect the policies and practices of corporate responsibility, governance and sustainability. It identifies the future development trends of corporate responsibility, governance and sustainability in contexts when examining and exploring those key issues.
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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2018. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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