DC Field | Value | Language |
---|---|---|
dc.contributor.author | Kim, Hyun-Dong | ko |
dc.contributor.author | Kim, Taeyeon | ko |
dc.contributor.author | Kim, Yura | ko |
dc.contributor.author | Park, Kwangwoo | ko |
dc.date.accessioned | 2019-04-24T13:13:28Z | - |
dc.date.available | 2019-04-24T13:13:28Z | - |
dc.date.created | 2019-04-22 | - |
dc.date.issued | 2019-04 | - |
dc.identifier.citation | JOURNAL OF BANKING & FINANCE, v.101, pp.256 - 269 | - |
dc.identifier.issn | 0378-4266 | - |
dc.identifier.uri | http://hdl.handle.net/10203/261486 | - |
dc.description.abstract | This paper examines how the investment horizons of a firm's institutional investors affect its corporate social responsibility (CSR) activities. Using data on U.S. firms' CSR ratings over the 1995-2012 period, we find that longer investment horizons are positively related to CSR. Further, active long-term institutions increase CSR whereas passive long-term institutions have no significant effect. Our results suggest that investors with long-term horizons have more incentives to monitor their firms which leads managers to engage in more vigorous CSR activities. (C) 2019 Elsevier B.V. All rights reserved. | - |
dc.language | English | - |
dc.publisher | ELSEVIER SCIENCE BV | - |
dc.title | Do long-term institutional investors promote corporate social responsibility activities? | - |
dc.type | Article | - |
dc.identifier.wosid | 000463297100018 | - |
dc.identifier.scopusid | 2-s2.0-85059521159 | - |
dc.type.rims | ART | - |
dc.citation.volume | 101 | - |
dc.citation.beginningpage | 256 | - |
dc.citation.endingpage | 269 | - |
dc.citation.publicationname | JOURNAL OF BANKING & FINANCE | - |
dc.identifier.doi | 10.1016/j.jbankfin.2018.11.015 | - |
dc.contributor.localauthor | Park, Kwangwoo | - |
dc.contributor.nonIdAuthor | Kim, Hyun-Dong | - |
dc.contributor.nonIdAuthor | Kim, Yura | - |
dc.description.isOpenAccess | N | - |
dc.type.journalArticle | Article | - |
dc.subject.keywordAuthor | Corporate social responsibility (CSR) | - |
dc.subject.keywordAuthor | Institutional investor | - |
dc.subject.keywordAuthor | Investment horizon | - |
dc.subject.keywordAuthor | Monitoring incentive | - |
dc.subject.keywordPlus | FINANCIAL PERFORMANCE | - |
dc.subject.keywordPlus | INVESTMENT HORIZONS | - |
dc.subject.keywordPlus | STAKEHOLDER THEORY | - |
dc.subject.keywordPlus | STOCK RETURNS | - |
dc.subject.keywordPlus | CROSS-SECTION | - |
dc.subject.keywordPlus | AGENCY COSTS | - |
dc.subject.keywordPlus | GOVERNANCE | - |
dc.subject.keywordPlus | OWNERSHIP | - |
dc.subject.keywordPlus | MANAGEMENT | - |
dc.subject.keywordPlus | MATTERS | - |
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