Corporate social responsibility and good corporate governance practices in Spanish ethical mutual funds: analysis of investee companies

López-Arceiz, Francisco José (Universidad de Zaragoza) ; Bellostas, Ana José (Universidad de Zaragoza)

Resumen: Ethical Mutual Funds (EMF) stand out for their investments in companies that develop strategies based on Corporate Social Responsibility (CSR) through good practices of Corporate Governance (CG). The aim of this paper is to analyze the types of companies that make up the portfolio of Spanish EMF, taking into account their CG model, their organizational structure and their economic and financial aspects. The results obtained show that the Spanish EMF prefer companies that promote the participation of stakeholders in their organizational structure and accessibility to their information. Additional evidence shows that the development of good CG practices in the context of CSR favors access to financing provided by financial markets and, within them, the EMF.

Idioma: Inglés

DOI: 10.15446/innovar.v27n65.65068

Año: 2017

Publicado en: Innovar 27, 65 (2017), 139-151
ISSN: 0121-5051

Factor impacto SCIMAGO: 0.118 - Accounting (Q4) - Marketing (Q4) - Strategy and Management (Q4) - Sociology and Political Science (Q4) - Public Administration (Q4)

Tipo y forma: Artículo (Versión definitiva)

Área (Departamento): Área Economía Finan. y Contab. (Dpto. Contabilidad y Finanzas)