Please use this identifier to cite or link to this item: http://hdl.handle.net/1959.13/931735

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Title
The link between corporate social performance and institutional investors' shareholdings in Malaysian public listed companies
Author/Creator
Muniandy, Jothimani K.;  Barnes, Lisa
Institution
The University of Newcastle. Faculty of Business & Law, Newcastle Business School
Description
Despite emerging trends in developed countries, of a positive association between corporate social performance and institutional investors’ shareholdings in business, developing countries are not exhibiting this link. For example Institutional investors are taking a short-term view to investments in Malaysian Publicly Listed Companies (PLCs), focusing on profit maximization only. Their priority stakeholder appears to be their investors who expect high financial returns. When handling Socially Responsible Investment (SRI) funds, institutional investors tend to rationalize profit maximization. Findings showed that 83% of PLCs listed on Bursa Malaysia make corporate social performance disclosures, even though these disclosures differ in scope, content and structure across the firms. The diversity in the disclosures is attributed to the contextual nature of CSR. The context of the conflicting interests of the firm and its stakeholders, as well as the culture and personal, religious and ethic values of the managers are considered influencing factors.
Relation
International Review of Business Research Papers Vol. 6, Issue 4, p. 246-261
Relation
http://www.bizresearchpapers.com/View%20Articles_current91.htm
Date
2010
Publisher
World Business Institute
Keyword(s)
corporate social responsibilty;  socially responsible investment
Resource Type
journal article
Identifier
http://hdl.handle.net/1959.13/931735
Identifier
ISSN:1832-9543
Reviewed
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Subject
"International Review of Business Research Papers"
 
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