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Influence of institutional investors on firms' corporate social performance in an emerging market


Citation

Mitra, Aditi and Abdul Latiff, Ahmed Razman and A.N., Bany-Ariffin (2019) Influence of institutional investors on firms' corporate social performance in an emerging market. Journal for Global Business Advancement, 11 (4). pp. 418-440. ISSN 1746-966X; ESSN: 1746-9678

Abstract

The purpose of this paper is to investigate the link between institutional investor ownership (IIO) and corporate social performance (CSP) among firms in Malaysia. CSP Asset4 sustainability indices have been investigated in order to determine whether institutional owners reward or penalise companies for undertaking CSR activities. For this study, it is assumed that CSP Asset4 sustainability indices are suitable indicators for the performance of corporate sustainability. The results provide empirical support to the argument that institutional owners act as a promoter of CSP. This is important because the institutional investors tend to invest in emerging markets based on their perception of the firms' ability to exhibit market neutral strategies, i.e., long-term sustainable focus, communication and transparency, and size of the firm. This study contributes to the concerns of corporate management and policy-makers regarding responsible CSP related investment that may be directed towards a firm's growth and to establish competitive advantage.


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Additional Metadata

Item Type: Article
Divisions: Putra Business School
DOI Number: https://doi.org/10.1504/JGBA.2018.097178
Publisher: Inderscience Publishers
Keywords: Asset4 index; Corporate social performance; Institutional investor ownership
Depositing User: Ms. Nuraida Ibrahim
Date Deposited: 19 Jul 2024 01:49
Last Modified: 19 Jul 2024 01:49
Altmetrics: http://www.altmetric.com/details.php?domain=psasir.upm.edu.my&doi=10.1504/JGBA.2018.097178
URI: http://psasir.upm.edu.my/id/eprint/111630
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