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Pension funds and corporate social performance : an empirical analysis

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Cox, Paul, Brammer, Stephen and Millington, Andrew, 1952-. (2008) Pension funds and corporate social performance : an empirical analysis. Business & Society, Vol.47 (No.2). 213 - 241. ISSN 0007-6503

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Official URL: http://dx.doi.org/10.1177/0007650306297945

Abstract

This study examines the relationship between pension fund ownership of companies and corporate social performance using a unique database of more than 500 publicly listed U.K. companies. The empirical analysis emphasizes the heterogeneous character of pension fund holdings and the multidimensional nature of corporate social performance. The results highlight that the characteristics of pension fund management are significant drivers of preferences for social performance and that employee-related aspects of social performance are preferred by pension funds.

Item Type: Journal Article
Subjects: H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HF Commerce
Divisions: Faculty of Social Sciences > Warwick Business School
Library of Congress Subject Headings (LCSH): Social responsibility of business -- Great Britain, Pension trusts -- Investments -- Great Britain, Investments -- Moral and ethical aspects -- Great Britain
Journal or Publication Title: Business & Society
Publisher: Sage Publications Inc
ISSN: 0007-6503
Date: June 2008
Volume: Vol.47
Number: No.2
Page Range: 213 - 241
Identification Number: 10.1177/0007650306297945
Status: Peer Reviewed
Publication Status: Published
Access rights to Published version: Restricted or Subscription Access
URI: http://wrap.warwick.ac.uk/id/eprint/36562

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