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

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...

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Main Authors: Mitra, Aditi, Abdul Latiff, Ahmed Razman, A.N., Bany-Ariffin
Format: Article
Published: Inderscience Publishers 2019
Online Access:http://psasir.upm.edu.my/id/eprint/111630/
https://www.inderscienceonline.com/doi/abs/10.1504/JGBA.2018.097178
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spelling my.upm.eprints.1116302024-07-19T01:49:40Z http://psasir.upm.edu.my/id/eprint/111630/ Influence of institutional investors on firms' corporate social performance in an emerging market Mitra, Aditi Abdul Latiff, Ahmed Razman A.N., Bany-Ariffin 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. Inderscience Publishers 2019 Article PeerReviewed 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 https://www.inderscienceonline.com/doi/abs/10.1504/JGBA.2018.097178 10.1504/JGBA.2018.097178
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
description 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.
format Article
author Mitra, Aditi
Abdul Latiff, Ahmed Razman
A.N., Bany-Ariffin
spellingShingle Mitra, Aditi
Abdul Latiff, Ahmed Razman
A.N., Bany-Ariffin
Influence of institutional investors on firms' corporate social performance in an emerging market
author_facet Mitra, Aditi
Abdul Latiff, Ahmed Razman
A.N., Bany-Ariffin
author_sort Mitra, Aditi
title Influence of institutional investors on firms' corporate social performance in an emerging market
title_short Influence of institutional investors on firms' corporate social performance in an emerging market
title_full Influence of institutional investors on firms' corporate social performance in an emerging market
title_fullStr Influence of institutional investors on firms' corporate social performance in an emerging market
title_full_unstemmed Influence of institutional investors on firms' corporate social performance in an emerging market
title_sort influence of institutional investors on firms' corporate social performance in an emerging market
publisher Inderscience Publishers
publishDate 2019
url http://psasir.upm.edu.my/id/eprint/111630/
https://www.inderscienceonline.com/doi/abs/10.1504/JGBA.2018.097178
_version_ 1805889939859046400
score 13.211869

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