SSE/EFI Working Paper Series in Business Administration
Shareholder Influence on CSR: A Study of the Swedish Corporate Sector
Abstract: There is a growing expectation that shareholders can
foster corporate social responsibility (CSR) through engagement activities.
The aim of this study is therefore to explore the influence that
shareholders have on corporations in terms of CSR. The study, which is set
in Sweden, finds that corporations themselves do not perceive shareholders
to have a significant direct influence on how they address CSR. At the same
time, corporations find socially minded shareholders to be legitimate and
important stakeholders. Corporations find that shareholders amplify general
stakeholder pressure in the area of CSR, and that they can function as a
catalyst for CSR by adding legitimacy to the work of CSR professionals. The
one area where shareholders stand out as having a direct influence on CSR
is with regard to corporate transparency and CSR reporting.
Keywords: corporate social responsibility; CSR; socially responsible investment; shareholder activism; shareholder influence; (follow links to similar papers)
22 pages, June 5, 2009, Revised December 4, 2009
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