Responsible investing is more than ever before high on the agenda of institutional investors. Pension funds, mutual funds, insurance companies, and other insititutional investors with fiduciary duties increasingly integrate environmental, social, and corporate governance factors in their investment decisions.
ECCE investigates how ESG factors influence investment risks and returns accross various asset classes, in the short run and long run. ECCE also helps fiduciaries understand the preferences of investors (clients and benificiaries) for certain environmental, social, and governance issues.
The Geography of Shareholder Engagement
07-05-13 | Rob Bauer | Gordon Clark | Michael Viehs | In this ECCE working paper, we study the global corporate engagement activities of a large UK-based asset manager from 2006 to 2011. Using proprietary data on these activities, we find that corporate engagements "behind-the-scenes" are frequently used to change corporate behavior. We show that geography is an important determinant for the occurrence of such engagements: UK firms receive significantly more engagements than their foreign counterparts. This finding...Read full research
ECCE Research Affiliate
Gordon L Clark DSc (Oxon) FBA is the Halford Mackinder Professor of Geography at Oxford University, holds a Professorial Fellowship at St Peter's College and is Sir Louis Matheson Distinguished Visiting Professor at Monash University's Faculty of Business and Economics (Melbourne). Until recently he was also a Senior Research Associate at Harvard Law School....More about this author
Jaap W.B. Bos
ECCE Research Fellow
Jaap Bos is an Associate Professor of Finance at Maastricht University. His work has been published in the Journal of Business, the European Economic Review, the Journal of Development Economics and the Journal of Banking and Finance. His research interests include the role of productivity differences, spillovers and innovation in explaining economic growth, and the...More about this author