Pension Funds and Corporate Social Performance: An Empirical Analysis

This study examines the relationship between pension fund ownership of companies and corporate social performance using a unique database of more than 500 publicly listed U.K. companies. The empirical analysis emphasizes the heterogeneous character of pension fund holdings and the multidimensional n...

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Bibliographic Details
Published in:Business & society 2008-06, Vol.47 (2), p.213-241
Main Authors: Cox, Paul, Brammer, Stephen, Millington, Andrew
Format: Article
Language:English
Subjects:
Companies
Corporate responsibility
Correlation analysis
Data Banks
Economic sociology
Ethics and moral life
General studies. Economic systems
Ownership
Pension fund management
Pension funds
Pensions
Social responsibility
Sociology
Sociology of economy and development
Sociology of knowledge and ethics
Sociology of knowledge and sociology of culture
Studies
Citations: Items that this one cites
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Summary:This study examines the relationship between pension fund ownership of companies and corporate social performance using a unique database of more than 500 publicly listed U.K. companies. The empirical analysis emphasizes the heterogeneous character of pension fund holdings and the multidimensional nature of corporate social performance. The results highlight that the characteristics of pension fund management are significant drivers of preferences for social performance and that employee-related aspects of social performance are preferred by pension funds.
ISSN:0007-6503
1552-4205
DOI:10.1177/0007650306297945