Corporate social responsibility and shareholder proposals
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.
Citation
Eding , E & Scholtens , L J R 2017 , ' Corporate social responsibility and shareholder proposals ' , Corporate Social Responsibility and Environmental Management , vol. 24 , no. 6 , pp. 648-660 . https://doi.org/10.1002/csr.1434
Publication
Corporate Social Responsibility and Environmental Management
Status
Peer reviewed
DOI
10.1002/csr.1434ISSN
1535-3958Type
Journal article
Collections
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