INSTITUTIONAL OWNERS AND CORPORATE SOCIAL PERFORMANCE

被引：85

作者：

GRAVES, SB

WADDOCK, SA

机构：

来源：

ACADEMY OF MANAGEMENT JOURNAL | 1994年 / 37卷 / 04期

关键词：

D O I：

10.2307/256611

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In this study, we hypothesize that institutions invest more heavily in companies with strong corporate social performance. Analysis indicated a significant, positive relationship between social performance and the number of institutions holding the shares of a company and a positive but insignificant relationship between social performance and the percentage of shares held by institutions. We conclude that improving a company's corporate social performance invokes no penalty in institutional ownership.

引用

页码：1034 / 1046

页数：13

共 29 条

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