Responsible Investment and the Claim of Corporate Change (eBook)

Dr. Elisa M. Zarbafi earned her doctoral degree from EBS Business School, Oestrich-Winkel, under the supervision of Prof. Dr. Ulrich Grimm und Prof. Dr. Dirk Schiereck. She works as a strategic analyst in the insurance industry.

Foreword 6
Preface 8
Summary of Contents 9
Contents 10
List of Figures 13
List of Abbreviations 15
1 Introduction 17
1.1 Context and Motivation of the Study 17
1.2 Previous Literature and Research Relevance 20
1.3 Research Approach and Theory Perspective 25
1.4 Research Objective and Scope of the Study 33
1.5 Course of Investigation 36
2 Responsible Investment and the Claim of Corporate Change 41
2.1 The Phenomenon of Responsible Investment 41
2.2 The Practice of Responsible Investment 52
2.3 The Link to Corporate Social Responsibility 65
3 Towards a Process Model of Responsible Investment 71
3.1 Responsible Investment in the Light of Agency Theory 71
3.2 Towards a New Conceptualization of Responsible Investment 79
3.3 Introducing Sensemaking Studies as Underlying Theory 93
3.4 Interim Conclusion I: A Framework to Analyze Responsible Investment as a Driver of Corporate Social Responsibility 112
4 Making Sense of Responsible Investment as A Driver of Corporate Social Responsibility 118
4.1 How Institutional Investors and Corporations Enact Their Sense of Responsibility 118
4.2 How Institutional Investors and Corporations Interact 176
4.3 How Institutional Investors May Change a Corporation’s Sense of Responsibility 209
4.4 Interim Conclusion II: A Process Model of Responsible Investment as a Driver of Corporate Social Responsibility 231
5 Implications for Practitioners and Researchers 235
5.1 Implications for Institutional Investors 235
5.2 Implications for Researchers 241
6 Concluding Remarks 247
Appendix 253
Bibliography 258