CoChat
Sign Up
Cited by 281Corporate Social Responsibility ReportingCorporate Finance and GovernancePolitical Influence and Corporate Strategies

The DOI matches its Crossref record; 4 of the 4 references it cites were found in a registry or an index.

Do long-term institutional investors promote corporate social responsibility activities?

Open access
Kim, Hyun-Dong, Kim, Taeyeon, Kim, Yura, Park, Kwangwoo·2019·Journal of Banking & Finance
DOI 10.1016/j.jbankfin.2018.11.015
Open this paper in CoChat — free account

Overview

Integrity signals

Registry

Crossref · 10.1016/j.jbankfin.2018.11.015

Cites

0 citation errors · 0 not checkable

Statistics

Recomputing p-values needs the paper’s full text.

Verification

Claims the paper makes

We couldn’t retrieve this paper’s full text, so its claims and self-check weren’t run. The registry and citation checks still apply.

Claims other papers make about this one

Each is checked against this paper’s own text: does it say what the citing paper says it does?

Citations

Cites

Research works printed but not linked: 57

  1. Aghion, 2013, Innovation and institutional ownership, Am. Econ. Rev., 103, 277, 10.1257/aer.103.1.277 · DOI
  2. Agle, 1999, Who matters to CEOs? An investigation of stakeholder attributes and salience, corporate performance, and CEO values, Acad. Manag. J., 42, 507, 10.2307/256973 · DOI
  3. Almazan, 2005, Active institutional shareholders and costs of monitoring: evidence from executive compensation, Financ. Manag., 34, 5, 10.1111/j.1755-053X.2005.tb00116.x · DOI
  4. Amihud, 2002, Illiquidity and stock returns: cross-section and time-series effects, J. Financ. Markets, 5, 31, 10.1016/S1386-4181(01)00024-6 · DOI
  5. Attig, 2013, Institutional investment horizons and the cost of equity capital, Financ. Manag., 42, 441, 10.1111/j.1755-053X.2012.01221.x · DOI
  6. Attig, 2015, Managerial practices and corporate social responsibility, J. Bus. Ethics, 131, 121, 10.1007/s10551-014-2273-x · DOI
  7. Benabou, 2010, Individual and corporate social responsibility, Economica, 77, 1, 10.1111/j.1468-0335.2009.00843.x · DOI · Paper page
  8. Brine, 2007, Corporate social responsibility and financial performance in the Australian context, Econ. Round-up, 47
  9. Bushee, 1998, The influence of institutional investors on myopic R&D investment behavior, Account. Rev., 73, 305, 10.2308/TAR-902584 · DOI
  10. Bushee, 2000, Corporate disclosure practices, institutional investors, and stock return volatility, J. Account. Res., 38, 171, 10.2307/2672914 · DOI
  11. Chen, 2007, Monitoring: which institutions matter?, J. Financ. Econ., 86, 279, 10.1016/j.jfineco.2006.09.005 · DOI
  12. Choi, 2012, Why does financial strength forecast stock returns? Evidence from subsequent demand by institutional investors, Rev. Financ. Stud., 25, 1550, 10.1093/rfs/hhs001 · DOI
  13. Cornell, 1987, Corporate stakeholder and corporate finance, Financ. Manag., 16, 5, 10.2307/3665543 · DOI
  14. Cornett, 2007, The impact of institutional ownership on corporate operating performance, J. Bank. Finance, 31, 1771, 10.1016/j.jbankfin.2006.08.006 · DOI
  15. Deng, 2013, Corporate social responsibility and stakeholder value maximization: evidence from mergers, J. Financ. Econ., 110, 87, 10.1016/j.jfineco.2013.04.014 · DOI
  16. Di Giuli, 2014, Are red or blue companies more likely to go green? Politics and corporate social responsibility, J. Financ. Econ., 111, 158, 10.1016/j.jfineco.2013.10.002 · DOI
  17. Edmans, 2011, Does the stock market fully value intangibles? Employee satisfaction and equity prices, J. Financ. Econ., 101, 621, 10.1016/j.jfineco.2011.03.021 · DOI · Paper page
  18. Edmans, 2012, The link between job satisfaction and firm value, with implications for corporate social responsibility, Acad. Manag. Perspect., 26, 1, 10.5465/amp.2012.0046 · DOI
  19. Eisfeldt, 2013, Organization capital and the cross-section of expected returns, J. Finance, 68, 1365, 10.1111/jofi.12034 · DOI
  20. El Ghoul, 2011, Does corporate social responsibility affect the cost of capital?, J. Bank. Finance, 35, 2388, 10.1016/j.jbankfin.2011.02.007 · DOI · Paper page
  21. Feldman, 1997, Does improving a firm's environmental management system and environmental performance result in a higher stock price?, J. Invest., 6, 87, 10.3905/joi.1997.87 · DOI
  22. Ferrell, 2016, Socially responsible firms, J. Financ. Econ., 122, 585, 10.1016/j.jfineco.2015.12.003 · DOI
  23. Flammer, 2015, Does product market competition foster corporate social responsibility? Evidence from trade liberalization, Strategic Manag. J., 36, 1469, 10.1002/smj.2307 · DOI
  24. Flammer, 2015, Does corporate social responsibility lead to superior financial performance? A regression discontinuity approach, Manag. Sci., 61, 2549, 10.1287/mnsc.2014.2038 · DOI · Paper page
  25. Freeman, 2004, Stakeholder theory and the corporate objective revisited, Organ. Sci., 15, 364, 10.1287/orsc.1040.0066 · DOI
  26. Gaspar, 2005, Shareholder investment horizons and the market for corporate control, J. Financ. Econ., 76, 135, 10.1016/j.jfineco.2004.10.002 · DOI
  27. Gaspar, 2013, Payout policy choices and shareholder investment horizons, Rev. Finance, 17, 261, 10.1093/rof/rfr040 · DOI
  28. Gillan, 2000, Corporate governance proposals and shareholder activism: the role of institutional investors, J. Financ. Econ., 57, 275, 10.1016/S0304-405X(00)00058-1 · DOI
  29. Giroud, 2015, Capital and labor reallocation within firms, J. Finance, 70, 1767, 10.1111/jofi.12254 · DOI
  30. Graves, 1994, Institutional owners and corporate social performance, Acad. Manag. J., 37, 1034, 10.2307/256611 · DOI
  31. Heal, 2005, Corporate social responsibility: an economic and financial framework, Geneva Pap. Risk Insurance Issues Pract., 30, 387, 10.1057/palgrave.gpp.2510037 · DOI
  32. Hill, 1992, Stakeholder‐agency theory, J. Manag. Stud., 29, 131, 10.1111/j.1467-6486.1992.tb00657.x · DOI
  33. Hillman, 2001, Shareholder value, stakeholder management, and social issues: what's the bottom line, Strategic Manag. J., 22, 125, 10.1002/1097-0266(200101)22:2<125::AID-SMJ150>3.0.CO;2-H · DOI
  34. Hong, 2009, The price of sin: the effects of social norms on markets, J. Financ. Econ., 93, 15, 10.1016/j.jfineco.2008.09.001 · DOI · Paper page
  35. Jacob, 2016, Corporate finance and the governance implications of removing government support programs, J. Bank. Finance, 63, 35, 10.1016/j.jbankfin.2015.11.005 · DOI
  36. Jawahar, 2001, Toward a descriptive stakeholder theory: an organizational life cycle approach, Acad. Manage. Rev., 26, 397, 10.5465/amr.2001.4845803 · DOI
  37. Jensen, 1976, Theory of the firm: managerial behavior, agency costs, and ownership structure, J. Financ. Econ., 3, 305, 10.1016/0304-405X(76)90026-X · DOI · Paper page
  38. Jensen, 1986, Agency costs of free cash flow, corporate finance, and takeovers, Am. Econ. Rev., 76, 323
  39. Jensen, 2001, Value maximization, stakeholder theory, and the corporate objective function, J. Appl. Corp. Finance, 14, 8, 10.1111/j.1745-6622.2001.tb00434.x · DOI
  40. Jiraporn, 2014, Does corporate social responsibility (CSR) improve credit ratings? Evidence from geographic identification, Financ. Manag., 43, 505, 10.1111/fima.12044 · DOI
  41. Johnson, 1999, The effects of corporate governance and institutional ownership types on corporate social performance, Acad. Manag. J., 42, 564, 10.2307/256977 · DOI
  42. Kim, 2012, Is earnings quality associated with corporate social responsibility, Account. Rev., 87, 761, 10.2308/accr-10209 · DOI
  43. Kim, 2017, Corporate social responsibility and internal control effectiveness, Asia-Pac. J. Financ. St., 46, 341, 10.1111/ajfs.12172 · DOI
  44. Kim, 2019, Do long-term institutional investors foster corporate innovation?, Account. Finance, 10.1111/acfi.12284 · DOI
  45. Kruger, 2015, Corporate goodness and shareholder wealth, J. Financ. Econ., 115, 304, 10.1016/j.jfineco.2014.09.008 · DOI · Paper page
  46. Mahapatra, 1984, Investor reaction to corporate social accounting, J. Bus. Financ. Account., 11, 29, 10.1111/j.1468-5957.1984.tb00054.x · DOI
  47. McCarthy, 2017, Corporate social responsibility and CEO confidence, J. Bank. Finance, 75, 280, 10.1016/j.jbankfin.2016.11.024 · DOI
  48. Oikonomou, 2012, The impact of corporate social performance on financial risk and utility: a longitudinal analysis, Financ. Manag., 41, 483, 10.1111/j.1755-053X.2012.01190.x · DOI
  49. Rosenbaum, 1983, The central role of the propensity score in observational studies for casual effects, Biometrika, 70, 41, 10.1093/biomet/70.1.41 · DOI · Paper page
  50. Shane, 1983, Market response to environment information produced outside the firm, Account. Rev., 58, 521, 10.2308/TAR-4486747 · DOI
  51. Sharfman, 2008, Environmental risk management and the cost of capital, Strategic Manag. J., 29, 569, 10.1002/smj.678 · DOI · Paper page
  52. Stulz, 1990, Managerial discretion and optimal financing policies, J. Financ. Econ., 26, 3, 10.1016/0304-405X(90)90011-N · DOI
  53. Tirole, 2001, Corporate governance, Econometrica, 62, 1, 10.1111/1468-0262.00177 · DOI
  54. Titman, 1984, The effect of capital structure on a firm's liquidation decision, J. Financ. Econ., 13, 137, 10.1016/0304-405X(84)90035-7 · DOI
  55. Turban, 1997, Corporate social performance and organizational attractiveness to prospective employees, Acad. Manag. J., 40, 658, 10.2307/257057 · DOI · Paper page
  56. Waddock, 1997, The corporate social performance–financial performance link, Strategic Manag. J., 18, 303, 10.1002/(SICI)1097-0266(199704)18:4<303::AID-SMJ869>3.0.CO;2-G · DOI · Paper page
  57. Yan, 2009, Institutional investors and equity returns: are short-term institutions better informed, Rev. Financ. Stud., 22, 893, 10.1093/revfin/hhl046 · DOI

Cited by

Sorted by citations

See all 281

Metadata

Authors
Kim, H.-D., Kim, T., Kim, Y., & Park, K.
Affiliations
  • University of Seoul (KR)
  • Korea Advanced Institute of Science and Technology (KR)
Corresponding author
Park, Kwangwoo
ORCID
Venue
Journal of Banking & Finance
Publisher
Elsevier BV
Published
2019-04
Volume
101
Pages
256-269
ISSN
0378-4266 (ISSN-L)
DOI
10.1016/j.jbankfin.2018.11.015
OpenAlex
W2903431834
Cited by
281
References
0
Citations by year
2026: 38 · 2025: 51 · 2024: 64 · 2023: 48 · 2022: 40 · 2021: 25 · 2020: 13 · 2019: 2
FWCI
16.71
Type
journal article
Language
en
Open access
Licence
www.elsevier.com/tdm/userlicense/1.0/ (tdm)
Locations
  • Journal of Banking & Finance (publishedVersion)
  • SSRN Electronic Journal (submittedVersion)
  • RePEc: Research Papers in Economics (submittedVersion)
Topics
  • Social Sciences › Business, Management and Accounting › Strategy and Management › Corporate Social Responsibility Reporting
  • Social Sciences › Economics, Econometrics and Finance › Finance › Corporate Finance and Governance
  • Social Sciences › Business, Management and Accounting › Strategy and Management › Political Influence and Corporate Strategies
Keywords
long-term institutional investors, corporate social responsibility, investment horizon, investor monitoring, CSR ratings

About these checks

Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.

Statistics and arithmetic are recomputed, not judged.

Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.

What counts as a claim ›How we measure confidence ›How we check this ›

Are you an author, or do you see a problem with this page? Request a review