Walk the Talk? - The Involvement of Sovereign Wealth Funds in Reputational Risk Scandal Cases

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F23%3A43924528" target="_blank" >RIV/62156489:43110/23:43924528 - isvavai.cz</a>
Result on the web
<a href="https://www.doi.org/10.17512/CUT/9788371939563/27" target="_blank" >https://www.doi.org/10.17512/CUT/9788371939563/27</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.17512/CUT/9788371939563/27" target="_blank" >10.17512/CUT/9788371939563/27</a>

Result language
angličtina
Original language name
Walk the Talk? - The Involvement of Sovereign Wealth Funds in Reputational Risk Scandal Cases
Original language description
This paper presents a comprehensive analysis of the involvement of major 24 Sovereign Wealth Funds (SWFs) in reputational risk scandal cases, utilizing data from Refinitiv spanning the period 2007-2020. These SWFs collectively account for 87% of global SWFs' assets under management and 94% of their public equity holdings. The study investigates whether SWFs were invested in the public equity holdings of companies involved in scandal cases, both at the time of the scandal's appearance and during a two-year period before and after the event. The findings reveal that commodity-based Reserve Investment Funds from developed countries with a liberal investment style, particularly those characterized as balanced growth investors, exhibit over-proportional involvement in reputational risk cases. This trend also holds true for SWFs with the highest levels of transparency in environmental, social, and governance (ESG) and sustainable development goals (SDG) matters, which typically rely on self-reported ESG information provided by invested companies. The findings raise questions about the alignment of some evaluated SWFs' investment behaviours with their stated commitment to "walk the talk" on ESG and SDG matters.
Czech name
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Czech description
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Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2023
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
International Conference on Management „Sustainability – Security – Quality“: Book of Proceedings
ISBN
978-83-7193-956-3
ISSN
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e-ISSN
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Number of pages
8
Pages from-to
171-178
Publisher name
Czestochowa University of Technology
Place of publication
Częstochowa
Event location
Czestochowa
Event date
Jun 15, 2023
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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