Volume 14, 2003
Proceedings of the Fourteenth Annual Meeting
Paul Cox, Stephen Brammer, Andrew Millington
Long-Term Institutional Investment and Corporate Social Performance
An Empirical Analysis
This study examines the link between the extent of long-term institutional ownership in corporate stock and firm social performance. The empirical analysis highlights the heterogeneity of long-term investors and distinguishes between funds that are internally and externally managed, between private and public sector funds and between types of funds that face different institutional pressures.