A recent literature uses the annual reconstitution of the Russell 1000 and 2000 Indexes as a source of seemingly exogenous variation in institutional ownership to study the effect of institutional ownership on firm outcomes. We show that lagged institutional ownership measured prior to...

This paper addresses the following research question: In examining the strengths and concerns of the corporate social responsibility performance of firms, are there discernible industry effects? Using ANOVA, the results indicate that there are some generalizations which can be made relative to...