Is corporate social performance a criterion in the overseas investment strategy of U.S. pension plans?: An empirical examination

Document Type

Article

Publication Date

6-1-2010

Abstract

This study examines overseas investing by U.S.-domiciled pension plans. The authors explore whether U.S. pension plans invest based on corporate social performance (CSP) in a core overseas market, the United Kingdom. As a guide to social investing opportunities available to U.S. pension funds in the United Kingdom, their investments are compared to U.K.-domiciled pension plan domestic investments. U.S. labor union plan portfolios have a positive relationship with workplace practices, and U.S. private plan portfolios, with CSP's community dimension. U.S. state and foundation plan portfolios have no relationship with CSP. Other than union plans, U.S. pension plans stress corporate financial performance in their U.K. investments. U.K. union plan portfolios have a positive relationship with workplace practices, and U.K. state, foundation, and private plan portfolios with environment. © 2010 SAGE Publications.

Identifier

77952523327 (Scopus)

Publication Title

Business and Society

External Full Text Location

https://doi.org/10.1177/0007650308315491

e-ISSN

14678594

ISSN

00076503

First Page

252

Last Page

289

Issue

2

Volume

49

This document is currently not available here.

Share

COinS