The Effects of Corporate Governance and Institutional Ownership Types on Corporate Social Performance
研究了机构投资者类型和治理机制对企业社会绩效的两个维度(人员与产品质量)的影响,发现养老基金股权和外部董事比例与两者正相关,而高管股权仅与产品质量维度正相关。
The effects of institutional investor types and governance devices on two dimensions of corporate social performance (CSP) were examined. Pension fund equity was positively related to both a people (women and minorities, community, and employee relations) and a product quality (product and environment) dimension of CSP, but mutual and investment bank funds exhibited no direct relationship with CSP. Outside director representation was positively related to both CSP dimensions. Top management equity was positively related to the product quality dimension but unrelated to the people dimension of CSP.