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Environment, social, and governance (ESG) criteria and preference of managers

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  • Ali Murad Syed

Abstract

This study examined the inclusion of environment, social and governance (ESG) criteria in the managerial decision-making process. The integration of ESG related information for the UK and French fund managers is discussed in this study. The data regarding managerial beliefs is collected using questionnaires filled by fund managers in the UK and French markets. Overall, our findings are mixed for the significant difference in beliefs. Managers of both countries have common beliefs that the Government demands environmental and social responsibility (ESR), ESR will better manage investment risks and corporate governance (CG) will bolster long-term shareholder value. UK managers believe that CG is the fiduciary obligation of the company while French managers believe that ESR is the fiduciary obligation of the company. UK managers believe that ESR is demanded by the shareholders while French managers have a belief that CG is demanded by the shareholders. French managers have the more favourable view towards ESR. On the other hand, UK managers have balanced beliefs toward CG, and ESR.

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  • Ali Murad Syed, 2017. "Environment, social, and governance (ESG) criteria and preference of managers," Cogent Business & Management, Taylor & Francis Journals, vol. 4(1), pages 1340820-134, January.
    • Handle: RePEc:taf:oabmxx:v:4:y:2017:i:1:p:1340820
    DOI: 10.1080/23311975.2017.1340820
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    References listed on IDEAS

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    Cited by:

    1. Don Andrew, 2020. "An Index to Measure the Integrity of Investment Companies Investing Responsibility," Journal of International Business Research and Marketing, Inovatus Services Ltd., vol. 5(5), pages 36-51, July.
    2. Jiajia Liu & Zhenzhen Ge & Yahan Wang, 2024. "Role of environmental, social, and governance rating data in predicting financial risk and risk management," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(1), pages 260-273, January.

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