- Title
- The link between corporate social performance and institutional investors' shareholdings in Malaysian public listed companies
- Creator
- Muniandy, Jothimani K.; Barnes, Lisa
- Relation
- International Review of Business Research Papers Vol. 6, Issue 4, p. 246-261
- Relation
- http://www.bizresearchpapers.com/View%20Articles_current91.htm
- Publisher
- World Business Institute
- Resource Type
- journal article
- Date
- 2010
- 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.
- Subject
- corporate social responsibilty; socially responsible investment
- Identifier
- http://hdl.handle.net/1959.13/931735
- Identifier
- uon:11147
- Identifier
- ISSN:1832-9543
- Language
- eng
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