Which Institutional Investors Drive Corporate Sustainability?: A Systematic Literature Review

Patrick Velte

doi:10.1002/bse.3117

Which Institutional Investors Drive Corporate Sustainability? A Systematic Literature Review

Patrick Velte

Publikation: Beiträge in Zeitschriften › Übersichtsarbeiten › Forschung

166 Zitate (Scopus)

Abstract

In this article, we review recent archival research (66 studies) on the influence of institutional ownership (IO) heterogeneity on corporate sustainability. Relying on an agency-theoretical framework, we differentiate between various types of IO and their nature. We found that most prior research concentrates on the impact of IO heterogeneity on corporate sustainability performance. Long-term, sustainable, and foreign IO leads to better ESG/CSR outputs. Based on the business case argument for corporate sustainability, long-term institutional investors moderate the positive link between corporate sustainability and future financial performance. We provide useful recommendations for future research by focusing on endogeneity concerns as methodological challenges and content-related proposals for future research designs.

Originalsprache	Englisch
Zeitschrift	Business Strategy and the Environment
Jahrgang	32
Ausgabenummer	1
Seiten (von - bis)	42-71
Seitenumfang	30
ISSN	0964-4733
DOIs	https://doi.org/10.1002/bse.3117
Publikationsstatus	Erschienen - 01.2023

Bibliographische Notiz

Publisher Copyright:
© 2022 The Author. Business Strategy and The Environment published by ERP Environment and John Wiley & Sons Ltd.

UN SDGs

Dieser Output leistet einen Beitrag zu folgendem(n) Ziel(en) für nachhaltige Entwicklung

SDG 9 – Industrie, Innovation und Infrastruktur
SDG 12 – Verantwortungsvoller Konsum und Produktion

Fachgebiete und Schlagwörter

Nachhaltigkeitswissenschaft
Betriebswirtschaftslehre
agency theory
corporate governance
corporate social responsibility
institutional investors
institutional ownership
monitoring

ASJC Scopus Sachgebiete

Strategie und Management
Geografie, Planung und Entwicklung
Betriebswirtschaft und Internationales Management
Management, Monitoring, Politik und Recht

Zugriff auf Dokument

10.1002/bse.3117Lizenz: CC BY

Dieses zitieren

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