“Together these findings suggest that there is no clear consensus among investors that corporations should, or should not, promote social causes at the expense of their financial gains. More than anything, the split in investors’ social preferences that we observe is a reflection of a political divide between individuals who support relatively progressive causes and those who support more conservative causes.”
[COMMENTARY]The article focuses on a new research paper investigating these issues.
How Much Do Investors Care About Social Responsibility? By Scott Hirst, Kobi Kastiel, and Tamar Kricheli-Katz, October 24, 2022, Harvard Law School Forum on Corporate Governance, USA.