TY - JOUR
T1 - Corporate governance and social responsibility
T2 - A comparative analysis of the UK and the US
AU - Aguilera Vaqués, R.
AU - Williams, Cynthia A.
AU - Conley, John M.
AU - Rupp, Deborah E.
PY - 2006/5
Y1 - 2006/5
N2 - This paper argues that key differences between the UK and the US in the importance ascribed to a company's social responsibilities (CSR) reflect differences in the corporate governance arrangements in these two countries. Specifically, we analyse the role of a salient type of owner in the UK and the US, institutional investors, in emphasising firm-level CSR actions. We explore differences between institutional investors in the UK and the US concerning CSR, and draw on a model of instrumental, relational and moral motives to explore why institutional investors in the UK are becoming concerned with firms' social and environmental actions. We conclude with some suggestions for future research in this area.
AB - This paper argues that key differences between the UK and the US in the importance ascribed to a company's social responsibilities (CSR) reflect differences in the corporate governance arrangements in these two countries. Specifically, we analyse the role of a salient type of owner in the UK and the US, institutional investors, in emphasising firm-level CSR actions. We explore differences between institutional investors in the UK and the US concerning CSR, and draw on a model of instrumental, relational and moral motives to explore why institutional investors in the UK are becoming concerned with firms' social and environmental actions. We conclude with some suggestions for future research in this area.
KW - Anglo-American corporate governance system
KW - Corporate social responsibility
KW - Institutional investors
UR - http://www.scopus.com/inward/record.url?scp=33646437234&partnerID=8YFLogxK
U2 - 10.1111/j.1467-8683.2006.00495.x
DO - 10.1111/j.1467-8683.2006.00495.x
M3 - Article
AN - SCOPUS:33646437234
SN - 0964-8410
VL - 14
SP - 147
EP - 158
JO - Corporate Governance: An International Review
JF - Corporate Governance: An International Review
IS - 3
ER -
