All PRI archive articles – Page 4
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Academic research
Fiduciary duty and the search for a shared conception of sustainable investment
This paper reviews the historical legal background to the evolution of fiduciary duty in the UK, with reference to the parallel evolution of the concept in the US.
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Academic research
The public fiduciary: a Canadian perspective
In this paper Waitzer and Sarro examine the role of pension fund trustees in Canada, and how the Supreme Court of Canada has developed a framework for fiduciary duty that has adapted to changing social and governance challenges.
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Academic research
The voice of the beneficiary
Berry and Scanlan argue that beneficiaries should be consulted on the general policies of their pension fund, and that trustees should take their wishes into account when making investment decisions.
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Academic research
The role of investment tools, investment beliefs and industry convention in changing interpretations of fiduciary duty
This paper examines how investment tools, beliefs and industry conventions impact the interpretation of fiduciary duty in the investment industry.
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Academic research
The basis of fiduciary duty in investment in the United States
In this paper Youngdahl outlines the history and development of the concept of fiduciary duty in the United States.
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Academic researchRI Quarterly Vol. 2: Fiduciary duty
In this second volume of the PRI Academic Network’s RI Quarterly we focus on the issue of fiduciary duty.
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Academic research
Friends with money
This study investigates whether personal connections between the senior management of lending banks and the senior management of borrowing companies, such as having previously studied or worked at the same organisation, has an impact on the outcome of a company’s application for a loan in terms of both interest rate ...
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Academic research
RI Quarterly Vol.1: ESG issues in bank loan pricing and decision making
Welcome to the first issue of the PRI Academic Network’s RI Quarterly.
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Academic research
Do cultural differences between contracting parties matter? Evidence from syndicated bank loans
Behavioural factors are frequently the subject of management and investment psychology studies, and the difficulties encountered in mergers between organisations with different national cultures suggest that common cultural norms can play an important role in business transactions.
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Academic research
The impact of corporate social responsibility on the cost of bank loans
Corporate social responsibility (CSR) has become a major issue for company management, with much debate over whether it adds or destroys value.
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Academic research
Do shareholder rights affect the cost of bank loans?
This study explores the effect of a firm’s corporate governance structure on the cost of its bank loans.
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Academic research
Board quality and the cost of debt capital: the case of bank loans
While corporate governance factors are often thought of as important issues for shareholders, in particular the characteristics and quality of the board of directors, less attention is given to their relevance for creditors. This paper explores the issue by focusing on the impact of board quality on a company’s cost ...
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Reports/Guides
How to conduct a collaborative engagement
Once an investor group has identified one or more ESG issues and agreed to engage collaboratively to address them, the process of collaborative shareholder dialogue with companies typically follows a series of stages.
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Reports/Guides
The foundations of a collaborative engagement
Typically, engagement begins when one or more investors identifies an issue or specific ESG risk relating to a particular company or sector, and does some initial research to determine whether there is a business case for the company to take steps to respond.
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Reports/Guides
Overview of collaborative engagement
Collaborative shareholder engagement occurs when a group of institutional investors come together to engage in dialogue with companies on environmental, social and governance (ESG) issues.
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