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

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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&apos; 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&apos;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&apos; investment behaviours with their stated commitment to &quot;walk the talk&quot; on ESG and SDG matters.

Název v anglickém jazyce

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

Popis výsledku anglicky

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&apos; 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&apos;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&apos; investment behaviours with their stated commitment to &quot;walk the talk&quot; on ESG and SDG matters.

Druh

D - Stať ve sborníku

CEP obor

—

OECD FORD obor

50204 - Business and management

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2023

Kód důvěrnosti údajů

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

Název statě ve sborníku

International Conference on Management „Sustainability – Security – Quality“: Book of Proceedings

ISBN

978-83-7193-956-3

ISSN

—

e-ISSN

—

Počet stran výsledku

8

Strana od-do

171-178

Název nakladatele

Czestochowa University of Technology

Místo vydání

Częstochowa

Místo konání akce

Czestochowa

Datum konání akce

15. 6. 2023

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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