INSTITUTIONAL OWNERS AND CORPORATE SOCIAL PERFORMANCE.
- 1 August 1994
- journal article
- Published by Academy of Management in The Academy of Management Journal
- Vol. 37 (4) , 1034-1046
- https://doi.org/10.2307/256611
Abstract
In this study, we hypothesize that institutions invest more heavily in companies with strong corporate social performance. Analysis indicated a significant, positive relationship between social performance and the number of institutions holding the shares of a company and a positive but insignificant relationship between social performance and the percentage of shares held by institutions. We conclude that improving a company's corporate social performance invokes no penalty in institutional ownership.Keywords
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