Nongovernmental organizations, shareholder activism, and socially responsible investments: ethical, strategic, and governance implications.
In this article, we document the growing influence of non-governmental organizations (NGOs) in the realm of socially responsible investing (SRI). Drawing from ethical and economic perspectives on stakeholder management and agency theory, we develop a framework to understand how and when NGOs will be...
| Main Authors: | , , |
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| Format: | |
| Language: | English |
| Published: |
2004
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| Online Access: | http://ezproxy.villanova.edu/login?url=https://digital.library.villanova.edu/Item/vudl:175826 |
| Summary: | In this article, we document the growing
influence of non-governmental organizations (NGOs) in
the realm of socially responsible investing (SRI). Drawing
from ethical and economic perspectives on stakeholder
management and agency theory, we develop a framework
to understand how and when NGOs will be most
influential in shaping the ethical and social responsibility
orientations of business using the emergence of SRI as the
primary influencing vehicle. We find that NGOs have
opportunities to influence corporate conduct via direct,
indirect, and interactive influences on the investment
community, and that the overall influence of NGOs as
major actors in socially responsible investment is growing,
with attendant consequences for corporate strategy,
governance, and social performance. |
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