Institutional ownership, environmental, social, and governance performance and disclosure: A review on empirical quantitative research

Research output: Journal contributionsScientific review articlesResearch

Authors

Since the financial crisis of 2008–2009, nonfinancial-related shareholder activism increased, as public interest entities (PIEs) should strengthen their environmental, social, and governance (ESG) activities. This study aims to determine whether institutional ownership (IO) impacts ESG performance and disclosure and vice versa. Moreover, IO’s moderating and mediating influence on the relationship between ESG and firms’ financial consequences is included. This is the first literature review focusing on IO and ESG, describing IO as independent, dependent, moderator, and mediator variable. A structured literature review with 81 empirical-quantitative (archival) studies on that topic is presented based on an agency theoretical framework. Regarding the main results, long-term IO leads to increased ESG performance. Moreover, ESG performance promotes the ratio of institutional investors. Other relationships are rather heterogeneous and too low in an amount yet, stressing major research gaps.

Original languageEnglish
JournalProblems and Perspectives in Management (PPM)
Volume18
Issue number3
Pages (from-to)282-305
Number of pages25
ISSN1727-7051
DOIs
Publication statusPublished - 22.09.2020

Documents

DOI

Recently viewed

Publications

  1. Ein unglaubliches Schriftbild, von Rechtschreibung oder Interpunktion ganz zu schweigen
  2. Institutional ownership, environmental, social, and governance performance and disclosure
  3. Internetbasierte Selbsthilfeprogramme unterstützen die Behandlung: depressive Störungen
  4. Kompetenzorientierung in der Ausbildung von Grundschullehrerinnen und Grundschullehrern
  5. Professional Service Firms, Knowledge-based Competition, and the Heterachical Organization
  6. European Psychiatric Association (EPA) guidance on quality assurance in mental healthcare
  7. Fixed-term Contracts and Wages Revisited Using Linked Employer-Employee Data from Germany
  8. Vertrag zur Gründung der Europäischen Gemeinschaft (EGV): Artikel 26 [Gemeinsamer Zolltarif]
  9. Vertrag über die Europäische Union (EUV) : Artikel 17 [Sicherheits- und Verteidigungspolitik]
  10. Die Kunst des Defensivspiels. Der Briefwechsel zwischen Hans Blumenberg und Jacob Taubes
  11. State-Building and the European Union's Fight against Corruption in the Southern Caucasus
  12. Targeted metabolomics of pellicle and saliva in children with different caries activity
  13. Naturwissenschaftliche Kompetenzen und Inklusion – Inklusion durch Kompetenzorientierung?
  14. Einleitung: Sozialpolitik als Geschlechterpolitik - Geschlechterpolitik als Sozialpolitik
  15. Exports, R&D and Productivity in German Business Services Firms: A test of the Bustos-model
  16. Electrical and Mechanical Characterization of Polymer Nanofibers for Sensor Application
  17. A cognitive mapping approach to understanding public objection to energy infrastructure
  18. Martin Saar, Die Immanenz der Macht. Politische Theorie nach Spinoza. Berlin: Suhrkamp 2013
  19. Plädoyer für eine kulturwissenschaftliche Ästhetik aus Perspektive der cultural studies
  20. A PHENOMENOGRAPHICAL STUDY OF CHILDRENS’ SPATIAL THOUGHT WHILE USING MAPS IN REAL SPACES
  21. Is there a diagrammatic impulse with Plato? ‘Quasi-diagrammatic-scenes’ in Plato’s philosophy
  22. Continous preventive diagnosis for cardiovascular diseases based on stochastic modeling
  23. Viertes Tourismus-Barcamp (22. - 23. Januar 2011) an der Kath. Universität Eichstätt-Ingolstadt
  24. Lebendiges Lernen als Wegweiser zu einer humanen Ökonomie und nachhaltigen Entwicklung
  25. The Struggle for EU Legitimacy: Public Contestation, 1950-2005, by Claudia Schrag Sternberg