Journal of Business Ethics 52 (1):125-139 (2004)

Abstract
In this article, we document the growing influence of non-governmental organizations (NGOs) in the realm of socially responsible investing (SRI). Drawing from ethical and economic perspectives on stakeholder management and agency theory, we develop a framework to understand how and when NGOs will be most influential in shaping the ethical and social responsibility orientations of business using the emergence of SRI as the primary influencing vehicle. We find that NGOs have opportunities to influence corporate conduct via direct, indirect, and interactive influences on the investment community, and that the overall influence of NGOs as major actors in socially responsible investment is growing, with attendant consequences for corporate strategy, governance, and social performance.
Keywords corporate governance  corporate social responsibility (CSR)  corporate stakeholders  non-governmental organizations (NGOs)  shareholder activism  socially responsible investing (SRI)
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DOI 10.1023/B:BUSI.0000033112.11461.69
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References found in this work BETA

Socially Responsible Investing in the United States.Steve Schueth - 2003 - Journal of Business Ethics 43 (3):189 - 194.
Integrity and Global Leadership.Allen Morrison - 2001 - Journal of Business Ethics 31 (1):65 - 76.

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An External Perspective on CSR: What Matters and What Does Not?Marina Vashchenko - 2017 - Business Ethics: A European Review 26 (4):396-412.

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