The Influence of COVID-19 Pandemic on the Consideration of Corporate Social Irresponsibility by Sovereign Wealth Funds

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

The Influence of COVID-19 Pandemic on the Consideration of Corporate Social Irresponsibility by Sovereign Wealth Funds

Popis výsledku v původním jazyce

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&apos;s largest 100 asset owners&apos; total assets. Understanding the drivers behind SWFs&apos; 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&apos; 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&apos; 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 &quot;walk the talk&quot;. A special focus should be set on CSI&apos;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.

Název v anglickém jazyce

The Influence of COVID-19 Pandemic on the Consideration of Corporate Social Irresponsibility by Sovereign Wealth Funds

Popis výsledku anglicky

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&apos;s largest 100 asset owners&apos; total assets. Understanding the drivers behind SWFs&apos; 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&apos; 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&apos; 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 &quot;walk the talk&quot;. A special focus should be set on CSI&apos;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.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50206 - Finance

Projekt

<a href="/cs/project/GA23-07983S" target="_blank" >GA23-07983S: Sociální chování firem v reakci na CSR politiky, instituce a ekonomické problémy</a><br>

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Rok uplatnění

2025

Kód důvěrnosti údajů

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

Název periodika

Central European Business Review

ISSN

1805-4862

e-ISSN

1805-4862

Svazek periodika

14

Číslo periodika v rámci svazku

2

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

29

Strana od-do

45-73

Kód UT WoS článku

001500770500003

EID výsledku v databázi Scopus

2-s2.0-105008640530