Corporate Governance, Social Responsibility and Financial Performance of European Insurers

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

Corporate Governance, Social Responsibility and Financial Performance of European Insurers

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Corporate Governance, Social Responsibility and Financial Performance of European Insurers

Popis výsledku anglicky

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.

Druh

J_SC - Článek v periodiku v databázi SCOPUS

CEP obor

—

OECD FORD obor

50206 - Finance

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2017

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis

ISSN

1211-8516

e-ISSN

—

Svazek periodika

65

Číslo periodika v rámci svazku

6

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

16

Strana od-do

1873-1888

Kód UT WoS článku

—

EID výsledku v databázi Scopus

2-s2.0-85038852085