Rees, William; Rodionova, Tatiana - In: Journal of Sustainable Finance & Investment 3 (2013) 3, pp. 238-263
Using a large sample of 3541 companies drawn from 30 countries during the period from 2002 to 2010, we analysed the impact of strategic shareholdings on different elements of corporate social responsibility (CSR). We find that total strategic or closely held equity holdings adversely affect the...