Corporate Governance, Social Responsibility and Financial Performance of European Insurers
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F17%3A00098498" target="_blank" >RIV/00216224:14560/17:00098498 - isvavai.cz</a>
Result on the web
<a href="https://acta.mendelu.cz/65/6/1873/" target="_blank" >https://acta.mendelu.cz/65/6/1873/</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.11118/actaun201765061873" target="_blank" >10.11118/actaun201765061873</a>
Alternative languages
Result language
angličtina
Original language name
Corporate Governance, Social Responsibility and Financial Performance of European Insurers
Original language description
In this paper, we focus on corporate governance and corporate social responsibility in European insurance industry and test its e ects on nancial performance. Using a sample of European insurance companies releasing corporate governance and social responsibility information available in Bloomberg Environmental, Social, and Governance disclosure, we provide evidence of better nancial performance of insurers with unbiased and objective boards, increased number of board members (indicating that investors trust independent directors as protectors of shareholder value), lower employee turnover and higher community spending. Compliance with UN Global Compact signatory also contribute to better market performance. As a result, we show that insurance companies can be socially responsible and nancially successful at the same time.
Czech name
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Czech description
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Classification
Type
J<sub>SC</sub> - Article in a specialist periodical, which is included in the SCOPUS database
CEP classification
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OECD FORD branch
50206 - Finance
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2017
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis
ISSN
1211-8516
e-ISSN
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Volume of the periodical
65
Issue of the periodical within the volume
6
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
16
Pages from-to
1873-1888
UT code for WoS article
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EID of the result in the Scopus database
2-s2.0-85038852085