Doing Right, Investing Right: Socially Responsible Investing and Shareholder Activism in the Financial Sector

Posted: 30 Sep 2016

See all articles by Chang Hoon Oh

Chang Hoon Oh

University of Kansas, School of Business

Jae-Heum Park

Samil-PwC LLC

Pervez Ghauri

King's College, London; University of Birmingham

Date Written: 2013

Abstract

In this article, we present an overview of corporate social responsibility (CSR) in the financial sector. We focus on how socially responsible investment and shareholder activism have been integral parts of corporate social responsibility in the financial sector. We examine how the financial sector and its firms are evaluated and rated via a sustainability index, the Dow Jones Sustainability World Index, and show that even leading financial institutions do not employ proactive practices regarding socially responsible investment and shareholder activism. Finally, we provide examples of two companies, UBS AG and the Co-operative Banking Group, that do utilize proactive practices.

JEL Classification: M14

Suggested Citation

Oh, Chang Hoon and Park, Jae-Heum and Ghauri, Pervez, Doing Right, Investing Right: Socially Responsible Investing and Shareholder Activism in the Financial Sector (2013). Business Horizons, Vol. 56, No. 6, 2013, Available at SSRN: https://ssrn.com/abstract=2844512

Chang Hoon Oh

University of Kansas, School of Business ( email )

1300 Sunnyside Avenue
Lawrence, KS 66045
United States

Jae-Heum Park

Samil-PwC LLC ( email )

21F, 92, Hangang-daero
Yongsan-gu, Seoul
Korea, Republic of (South Korea)

Pervez Ghauri (Contact Author)

King's College, London ( email )

Strand
London, England WC2R 2LS
United Kingdom

University of Birmingham ( email )

Edgbaston, Birmingham B15 2TT
United Kingdom

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