Corporate Governance and Social Responsibility: A Comparative Analysis of the UK and the Us

12 Pages Posted: 8 May 2006

See all articles by Ruth V. Aguilera

Ruth V. Aguilera

Northeastern University - Department of International Business and Strategy

Cynthia A. Williams

York University - Osgoode Hall Law School

John M. Conley

University of North Carolina School of Law

Deborah Rupp

University of Illinois at Urbana-Champaign - School of Labor & Employment Relations; University of Illinois at Urbana-Champaign - Department of Psychology

Abstract

This paper argues that key differences between the UK and the US in the importance ascribed to a company's social responsibilities (CSR) reflect differences in the corporate governance arrangements in these two countries. Specifically, we analyse the role of a salient type of owner in the UK and the US, institutional investors, in emphasising firm-level CSR actions. We explore differences between institutional investors in the UK and the US concerning CSR, and draw on a model of instrumental, relational and moral motives to explore why institutional investors in the UK are becoming concerned with firms' social and environmental actions. We conclude with some suggestions for future research in this area.

Suggested Citation

Aguilera, Ruth V. and Williams, Cynthia A. and Conley, John M. and Rupp, Deborah, Corporate Governance and Social Responsibility: A Comparative Analysis of the UK and the Us. Corporate Governance: An International Review, Vol. 14, No. 3, pp. 147-158, May 2006. Available at SSRN: https://ssrn.com/abstract=898963 or http://dx.doi.org/10.1111/j.1467-8683.2006.00495.x

Ruth V. Aguilera (Contact Author)

Northeastern University - Department of International Business and Strategy ( email )

Boston, MA 02115
United States

Cynthia A. Williams

York University - Osgoode Hall Law School ( email )

4700 Keele Street
Toronto, Ontario M3J 1P3
Canada
416-736-5545 (Phone)

John M. Conley

University of North Carolina School of Law ( email )

Van Hecke-Wettach Hall, 160 Ridge Road
CB #3380
Chapel Hill, NC 27599-3380
United States
919-962-8502 (Phone)

Deborah Rupp

University of Illinois at Urbana-Champaign - School of Labor & Employment Relations ( email )

504 East Armory Avenue
Champaign, IL 61820-6297
United States

University of Illinois at Urbana-Champaign - Department of Psychology ( email )

603 East Daniel
Champaign, IL 61820
United States

Register to save articles to
your library

Register

Paper statistics

Downloads
39
Abstract Views
8,959
PlumX Metrics