Pension Funds and Corporate Social Performance
研究了英国500多家上市公司中养老基金持股与企业社会绩效的关系，发现养老基金管理特征显著影响其对社会绩效的偏好，尤其关注员工相关方面。
This study examines the relationship between pension fund ownership of companies and corporate social performance using a unique database of more than 500 publicly listed U.K. companies. The empirical analysis emphasizes the heterogeneous character of pension fund holdings and the multidimensional nature of corporate social performance. The results highlight that the characteristics of pension fund management are significant drivers of preferences for social performance and that employee-related aspects of social performance are preferred by pension funds.