Addressing the participation gap in institutional investment: an assessment framework and preliminary results
Edited book (chapter)
Chapter Title | Addressing the participation gap in institutional investment: an assessment framework and preliminary results |
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Book Chapter Category | Edited book (chapter) |
ERA Publisher ID | 1418 |
Book Title | Cambridge handbook of institutional investment and fiduciary duty |
Authors | Cadman, Tim (Author) and Maraseni, Tek (Author) |
Editors | Hawley, James P., Hoepner, Andreas G. F., Johnson, Keith L., Sandberg, Joakim and Waitzer, Edward W. |
Page Range | 452-465 |
Chapter Number | 35 |
Number of Pages | 14 |
Year | 2014 |
Publisher | Cambridge University Press |
Place of Publication | Cambridge, United Kingdom |
ISBN | 9781107035874 |
Digital Object Identifier (DOI) | https://doi.org/10.1017/CBO9781139565516.042 |
Abstract | This chapter shows how fiduciary duty and the governance quality of investment can be understood using a stakeholder-based approach. In the past, stakeholders were effectively passive economic actors, who were supposed to just sit back and reap rewards. This view is increasingly being challenged by the assertion that large investors should care about governance as well as economic outcomes, and have both a right and a responsibility to ensure that assets are managed in a way that is socially and environmentally beneficial for all stakeholders. Contemporary governance theory argues for a wider understanding of stakeholders, which, in the case of investment, encompasses both financial and non financial interests. This chapter |
Keywords | participation gap, institutional investment |
ANZSRC Field of Research 2020 | 440704. Environment policy |
Public Notes | Files associated with this item cannot be displayed due to copyright restrictions. |
Byline Affiliations | Griffith University |
Australian Centre for Sustainable Catchments | |
Institution of Origin | University of Southern Queensland |
https://research.usq.edu.au/item/q262v/addressing-the-participation-gap-in-institutional-investment-an-assessment-framework-and-preliminary-results
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