英语论文网

1 This paper argues that key differences between the UK and the US in the importance ascribedto a company’s social responsibilities (CSR) 代写留学生论文reflect differences in the corporate governancearrangements in these two countries. Specifically, we analyse the role of a salient type of ownerin the UK and the US, institutional investors, in emphasising firm-level CSR actions. Weexplore 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 whyinstitutional investors in the UK are becoming concerned with firms’ social andenvironmentalactions. We conclude with some suggestions for future research in this area. Keywords: corporate social responsibility, institutional investors, Anglo-American corporate
governance system Introduction cholars of corporate governance understand
the world to be divided into twosystems, the Anglo-American shareholder systemand the Continental European/Japanesestakeholder system. They have used thesecontrasting models to explain differences infinance, ownership, labour relations and therole of the market for corporate control amongthe varieties of capitalism, as well as to explore
the possibilities of convergence or continueddivergence in corporate governance practices.In such highly stylised portraits, primary
attention is https://www.51lunwen.orggiven to the ways in which eachsystem differs from the other, often using anunder-socialised view of the institutional and
socio-political context in which firms operate(Aguilera and Jackson, 2003). Less attentionhas been paid to differences in corporate governance
within the “Anglo-American” system,though a number of recent studies have begunto explore those differences (Miller, 2000; Toms and Wright, 2005; Williams and Conley, 2005),or to country-by-country differences withinthe Continental European system, although S work has recently begun there as well(Federowicz and Aguilera, 2003; Aguilera,
2005; Clark and Wojcik, 2005; Gospel and
Pendleton, 2005).As stated by Toms and Wright, “it is a pity”
that US/UK comparative work has beenneglected, since “although there are importantsimilarities [between the US and the UK corporate
governance systems], there are also differencesthat have not been fully investigated”

(2005, 267). Our paper undertakes one such investigation. We examine some salient differencesbetween the corporate governance
arrangements in the US and the UK by evaluatingdiffering institutional investor compositionand modes of action in the two markets,
and by exploring the implications of suchdifferences for the varying importance of “corporate responsibility” issues within the
two countries. In so doing, we rely upon ourprior comparative corporate governance work(Aguilera and Jackson, 2003; Williams and
Conley, 2005), as well as our multi-level theoreticalmodel of why different actors press companies to consider social responsibilityissues, here applied to institutional investors 148 The paper is organised as follows. In the
next section we briefly describe the commonly- appreciated similarities between theUK and US corporate governance systems,and then discuss a number of differences inthe two countries in greater detail, with particularattention being paid to differences inthe actions of institutional investors betweenthe two countries. We then discuss the place ofcorporate social responsibility (CSR) is本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。