Do institutional investors drive corporate transparency regarding business contribution to the sustainable development goals?

被引：177

作者：

Garcia-Sanchez, Isabel-Maria ^{[1
]}

Rodriguez-Ariza, Lazaro ^{[2
]}

Aibar-Guzman, Beatriz ^{[3
]}

Aibar-Guzman, Cristina ^{[3
]}

机构：

[1] Univ Salamanca, IME, Dept Adm & Econ Empresa, Salamanca, Spain

[2] Univ Granada, Dept Econ Financiera & Contabilidad, Granada, Spain

[3] Univ Santiago de Compostela, Fac Ciencias Econ & Empresariales, Dept Econ Financiera & Contabilidad, La Coruna, Spain

来源：

BUSINESS STRATEGY AND THE ENVIRONMENT | 2020年 / 29卷 / 05期

关键词：

corporate social responsibility; institutional investors; institutional ownership; SDG Compass; sustainability reporting; sustainable development goals (SDGs); SOCIAL-RESPONSIBILITY CSR; STAKEHOLDER ENGAGEMENT; OWNERSHIP STRUCTURE; EMPIRICAL-EVIDENCE; FORECAST ACCURACY; ANALYST COVERAGE; COMMERCIAL-BANKS; GOVERNANCE; FIRM; INFORMATION;

D O I：

10.1002/bse.2485

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Institutional investors show increasing interest in how companies align their corporate social responsibility strategies with the sustainable development goals (SDGs) proposed by the United Nations (UN). The information disclosed in this regard is essential to know and monitor business contribution to the 2030 Agenda. In this paper, we analyze the influence that institutional investors have on the adoption of the disclosure strategy established by UN and the Global Reporting Initiative (GRI)-GRI-SDG Compass. The results obtained for a sample of 989 international companies, which prepare their sustainability reports following the GRI guidelines, show that ownership by foreign investors, pension funds, and "other" investors boosts the relevance of the information disclosed in relation to the 2030 Agenda. On the contrary, government, financial institutions, and cross holdings have no impact on the information systems developed.

引用

页码：2019 / 2036

页数：18

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