Corporate social responsibility and shareholder proposals

Erwin Eding; Lambertus Johannes Regnerus Scholtens

doi:10.1002/csr.1434

Corporate social responsibility and shareholder proposals

Erwin Eding
, Lambertus Johannes Regnerus Scholtens

Centre for Responsible Banking and Finance

Research output: Contribution to journal › Article › peer-review

Abstract

We study how corporate social responsibility relates to investors, firms and shareholder proposals. We examine shareholder proposals on environmental, social, and governance issues at the annual general meeting of shareholders with US Fortune 250 firms during 2011-2014. We find that especially the probability of receiving shareholder proposals on environmental issues is positively associated with responsible institutional ownership. We find no systematic evidence that the outperformance regarding social responsibility of the firms themselves would significantly matter regarding the likelihood of shareholders filing proposals about corporate social responsibility, except for employee well-being.

Original language	English
Pages (from-to)	648-660
Journal	Corporate Social Responsibility and Environmental Management
Volume	24
Issue number	6
Early online date	14 Jun 2017
DOIs	https://doi.org/10.1002/csr.1434
Publication status	Published - Nov 2017

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 12 Responsible Consumption and Production

Keywords

Shareholder proposals
Corporate social responsibility
Socially responsible investing
UN PRI
Institutional investors

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10.1002/csr.1434

CSREM 1434 accepted version - CSR and shareholder proposals
Copyright © 2017, John Wiley & Sons Ltd and ERP Environment This work is made available online in accordance with the publisher’s policies. This is the author created, accepted version manuscript following peer review and may differ slightly from the final published version. The final published version of this work is available at https://doi.org/10.1002/csr.1434
Accepted author manuscript, 166 KB

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Corporate social responsibility and shareholder proposals

Abstract

UN SDGs

Keywords

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