The Influence of COVID-19 Pandemic on the Consideration of Corporate Social Irresponsibility by Sovereign Wealth Funds
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F25%3A43926029" target="_blank" >RIV/62156489:43110/25:43926029 - isvavai.cz</a>
Result on the web
<a href="https://doi.org/10.18267/j.cebr.383" target="_blank" >https://doi.org/10.18267/j.cebr.383</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.18267/j.cebr.383" target="_blank" >10.18267/j.cebr.383</a>
Alternative languages
Result language
angličtina
Original language name
The Influence of COVID-19 Pandemic on the Consideration of Corporate Social Irresponsibility by Sovereign Wealth Funds
Original language description
Sovereign Wealth Funds (SWFs) have a significant influence on global financial markets, with assets exceeding USD 11.2 trillion and accounting for 40% of the world's largest 100 asset owners' total assets. Understanding the drivers behind SWFs' investment decisions is crucial. This study examines the impact of the COVID-19 Pandemic related to Corporate Social Responsibility (CSR) and Irresponsibility (CSI) compared to financial data on SWFs' investment decisions, analysing 72% of their total public equity holdings from 2019 to 2023. Findings reveal that SWFs prioritise company self-reported Environmental, Social, and Governance (ESG) metrics over public CSI information when making investment decisions. Furthermore, public equity holding CSI data has a more pronounced influence on the investment decision of SWFs in countries with higher transparency of sustainability. The study underscores the necessity for greater ESG integration into SWFs' investment strategies to demonstrate a commitment to sustainable investing practices. This research illuminates the path toward a more responsible and sustainable approach for SWFs in global financial markets. Implications for Central European audience: Our conclusions could help to encourage greater ESG integration into investment strategies and promote sustainable investing practices more broadly, not limited to liquid assets, to showcase a sustainable "walk the talk". A special focus should be set on CSI's development of target investments. Future research might also consider whether the investment behaviour of SWFs is equivalent to that of other major investors, such as insurance companies and public pension schemes.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50206 - Finance
Result continuities
Project
<a href="/en/project/GA23-07983S" target="_blank" >GA23-07983S: Corporate social behavior and responses to CSR policies, institutions, and economic distress</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2025
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Central European Business Review
ISSN
1805-4862
e-ISSN
1805-4862
Volume of the periodical
14
Issue of the periodical within the volume
2
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
29
Pages from-to
45-73
UT code for WoS article
001500770500003
EID of the result in the Scopus database
2-s2.0-105008640530