Abstract
AbstractThis study examined the inclusion of environment, social and governance (ESG) criteria in the managerial decision-making process. The integration of ESG related information for the UK and French fund managers is discussed in this study. The data regarding managerial beliefs is collected using questionnaires filled by fund managers in the UK and French markets. Overall, our findings are mixed for the significant difference in beliefs. Managers of both countries have common beliefs that the Government demands environmental and social responsibility (ESR), ESR will better manage investment risks and corporate governance (CG) will bolster long-term shareholder value. UK managers believe that CG is the fiduciary obligation of the company while French managers believe that ESR is the fiduciary obligation of the company. UK managers believe that ESR is demanded by the shareholders while French managers have a belief that CG is demanded by the shareholders. French managers have the more favourable view to...
Highlights
Environment, social and governance (ESG) criteria is a new dimension of Socially responsible investments (SRI)
Our results showed that French managers have more favourable view towards Environment & Social Responsibility (ESR) while UK managers have more balanced views or beliefs toward corporate governance (CG) and ESR
Discussion and final conclusion Our results showed that the managers of both countries are in favour of doing social work simultaneously while earning profits
Summary
Environment, social and governance (ESG) criteria is a new dimension of Socially responsible investments (SRI). The focus area of our research group is corporate governance and socially responsible investments (SRI) which include financial performance of SRIs, breakdown of ESG into components and the typology of managers. Potential impact of inclusion of environment, social and governance (ESG) criteria in the investment decision-making process is the crux of the paper.
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