Dokument: Institutional Investors and Corporate Social Performance - A Meta-Analysis and Investigation of Moderating Effects with an Emphasis on Country-Level Institutional Factors
| Titel: | Institutional Investors and Corporate Social Performance - A Meta-Analysis and Investigation of Moderating Effects with an Emphasis on Country-Level Institutional Factors | |||||||
| URL für Lesezeichen: | https://docserv.uni-duesseldorf.de/servlets/DocumentServlet?id=71650 | |||||||
| URN (NBN): | urn:nbn:de:hbz:061-20251210-140620-2 | |||||||
| Kollektion: | Dissertationen | |||||||
| Sprache: | Englisch | |||||||
| Dokumententyp: | Wissenschaftliche Abschlussarbeiten » Dissertation | |||||||
| Medientyp: | Text | |||||||
| Autor: | Scherer, Hans Henrik [Autor] | |||||||
| Dateien: |
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| Beitragende: | Prof. Dr. Hahn, Rüdiger [Gutachter] Prof. Dr. Börner, Christoph J. [Gutachter] | |||||||
| Stichwörter: | Institutional Investors, Institutional Ownership, Corporate Social Performance, Country-Level Institutional Factors | |||||||
| Dewey Dezimal-Klassifikation: | 300 Sozialwissenschaften, Soziologie » 330 Wirtschaft | |||||||
| Beschreibung: | This dissertation examines the relationship between institutional ownership (IO) and corporate social performance (CSP), a topic of growing importance due to increasing societal and institutional investor expectations. Previous research has produced mixed evidence: some studies have reported a positive IO–CSP link, while others have found negative or nonsignificant effects. To synthesize these findings, two meta-analyses were conducted, covering 116 studies published between 1994 and 2024. The meta-analytic results reveal a positive bidirectional relationship: a high level of IO is associated with superior subsequent CSP, and firms with stronger prior CSP tend to attract higher IO. In addition, this dissertation investigates several key moderating factors shaping the IO–CSP relationship. These include temporal factors, corporate financial performance (CFP), and country-level institutional factors, such as regulatory quality or countries’ economic, environmental, and social development. The moderating effect of temporal factors was examined through meta-regressions, while the remaining moderators were assessed using global panel data from up to 86 countries. The results suggest that neither long-term investment horizons nor CFP significantly moderate the relationship, whereas the growing salience of CSP over time appears to strengthen the IO–CSP link. The analyses further show that country-level institutional factors moderate this relationship, with the strength and direction of their effects varying according to the specific moderator. | |||||||
| Lizenz: |  Dieses Werk ist lizenziert unter einer Creative Commons Namensnennung 4.0 International Lizenz | |||||||
| Fachbereich / Einrichtung: | Wirtschaftswissenschaftliche Fakultät | |||||||
| Dokument erstellt am: | 10.12.2025 | |||||||
| Dateien geändert am: | 10.12.2025 | |||||||
| Promotionsantrag am: | 12.08.2025 | |||||||
| Datum der Promotion: | 11.11.2025 |
