State Mediation in Market Emergence: Socially Responsible Investing in China
Abstract Socially responsible investing (SRI) funds depart from mainstream finance by incorporating environmental, social, and governance considerations, but their success varies across regions. By using a historical comparative case design, we identify an empirically puzzling phenomenon in China: d...
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| container_volume | 48, Part B |
| creator | Yan, Shipeng Ferraro, Fabrizio |
| description | Abstract
Socially responsible investing (SRI) funds depart from mainstream finance by incorporating environmental, social, and governance considerations, but their success varies across regions. By using a historical comparative case design, we identify an empirically puzzling phenomenon in China: despite an initially favorable resource environment and the presence of socially skilled institutional entrepreneurs, SRI wanes over time in Hong Kong but survives in Mainland China where initial resource endowments and actors’ social skills were inferior. By comparing four periods of SRI development, we reveal how state sustainable development policies, a change in the institutional context, led unintentionally to a shared orientation and a public pool of resources, which sustained the SRI niche. Our paper contributes to research on market emergence, institutional change, and cultural entrepreneurship. |
| doi_str_mv | 10.1108/S0733-558X201600048B005 |
| format | Book Chapter |
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Socially responsible investing (SRI) funds depart from mainstream finance by incorporating environmental, social, and governance considerations, but their success varies across regions. By using a historical comparative case design, we identify an empirically puzzling phenomenon in China: despite an initially favorable resource environment and the presence of socially skilled institutional entrepreneurs, SRI wanes over time in Hong Kong but survives in Mainland China where initial resource endowments and actors’ social skills were inferior. By comparing four periods of SRI development, we reveal how state sustainable development policies, a change in the institutional context, led unintentionally to a shared orientation and a public pool of resources, which sustained the SRI niche. Our paper contributes to research on market emergence, institutional change, and cultural entrepreneurship.</description><identifier>ISSN: 0733-558X</identifier><identifier>ISBN: 9781786354327</identifier><identifier>ISBN: 1786354322</identifier><identifier>EISBN: 9781786354310</identifier><identifier>EISBN: 1786354314</identifier><identifier>DOI: 10.1108/S0733-558X201600048B005</identifier><identifier>OCLC: 967224610</identifier><identifier>OCLC: 1034620581</identifier><identifier>LCCallNum: HM786-806</identifier><language>eng</language><publisher>United Kingdom: Emerald Group Publishing Limited</publisher><subject>Corporate Culture ; Cultural change ; Development policy ; Entrepreneurship ; Finance ; Governance ; HR & Organizational Behaviour ; Institutional change ; Organizational theory & behaviour ; Social investing ; Social skills ; Sustainable development</subject><ispartof>How Institutions Matter, 2016, Vol.48, Part B, p.173-206</ispartof><rights>Copyright © 2017 Emerald Group Publishing Limited</rights><rights>Copyright Emerald Group Publishing Limited 2016</rights><woscitedreferencessubscribed>false</woscitedreferencessubscribed><relation>rso</relation></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Uhttps://ebookcentral.proquest.com/covers/4717088-l.jpg</thumbnail><link.rule.ids>777,778,782,791,27908,33757</link.rule.ids></links><search><contributor>Lounsbury, Michael</contributor><contributor>Greenwood, Royston</contributor><contributor>Gehman, Joel</contributor><creatorcontrib>Yan, Shipeng</creatorcontrib><creatorcontrib>Ferraro, Fabrizio</creatorcontrib><title>State Mediation in Market Emergence: Socially Responsible Investing in China</title><title>How Institutions Matter</title><description>Abstract
Socially responsible investing (SRI) funds depart from mainstream finance by incorporating environmental, social, and governance considerations, but their success varies across regions. By using a historical comparative case design, we identify an empirically puzzling phenomenon in China: despite an initially favorable resource environment and the presence of socially skilled institutional entrepreneurs, SRI wanes over time in Hong Kong but survives in Mainland China where initial resource endowments and actors’ social skills were inferior. By comparing four periods of SRI development, we reveal how state sustainable development policies, a change in the institutional context, led unintentionally to a shared orientation and a public pool of resources, which sustained the SRI niche. Our paper contributes to research on market emergence, institutional change, and cultural entrepreneurship.</description><subject>Corporate Culture</subject><subject>Cultural change</subject><subject>Development policy</subject><subject>Entrepreneurship</subject><subject>Finance</subject><subject>Governance</subject><subject>HR & Organizational Behaviour</subject><subject>Institutional change</subject><subject>Organizational theory & behaviour</subject><subject>Social investing</subject><subject>Social skills</subject><subject>Sustainable development</subject><issn>0733-558X</issn><isbn>9781786354327</isbn><isbn>1786354322</isbn><isbn>9781786354310</isbn><isbn>1786354314</isbn><fulltext>true</fulltext><rsrctype>book_chapter</rsrctype><creationdate>2016</creationdate><recordtype>book_chapter</recordtype><sourceid>BHHNA</sourceid><recordid>eNqNkU1Lw0AQhlf8wFL7Gwx4rs5kd7O73rT4BS2CVfAgLJvsRNPGTU2i4L83tVJRL56GgXlmhudlbB_hEBH00RQU50Mp9X0MmACA0KcAcoMNjNKodMKl4AibP_pYbbHeGtxhPZOoOBYJwi4bNM2sWxODVEarHhtPW9dSNCFfuLaoQlSEaOLqObXR2TPVjxQyOo6mVVa4snyPbqhZVKEp0pKiq_BGTVuExyUzeiqC22PbuSsbGnzVPrs7P7sdXQ7H1xdXo5PxkLhW7dCjQJ1nDuI8MT7NZWpMQgY1ksNE5pJ7kXqUqVeZSDy51HBPHIVDykSc8z47WO1d1NXLa_eEnVWvdehOWuw8CCnBqG6K_5qitKrmGYW2dmX25BYt1Y2VgMooYzW3qMV_KaFQgdbf1MOKok6aK71dMt03YJcx2s8Y7Z8Y7ad8u5Zvi2BX8u1avu3c8w-eDZpa</recordid><startdate>2016</startdate><enddate>2016</enddate><creator>Yan, Shipeng</creator><creator>Ferraro, Fabrizio</creator><general>Emerald Group Publishing Limited</general><general>Emerald Publishing Limited</general><scope>FFUUA</scope><scope>7U4</scope><scope>BHHNA</scope><scope>DWI</scope><scope>WZK</scope></search><sort><creationdate>2016</creationdate><title>State Mediation in Market Emergence: Socially Responsible Investing in China</title><author>Yan, Shipeng ; Ferraro, Fabrizio</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-e387t-d1418fca02f69dbf5b996e9181ea165f53d4bd15bd7c46deab93de314a1ec42f3</frbrgroupid><rsrctype>book_chapters</rsrctype><prefilter>book_chapters</prefilter><language>eng</language><creationdate>2016</creationdate><topic>Corporate Culture</topic><topic>Cultural change</topic><topic>Development policy</topic><topic>Entrepreneurship</topic><topic>Finance</topic><topic>Governance</topic><topic>HR & Organizational Behaviour</topic><topic>Institutional change</topic><topic>Organizational theory & behaviour</topic><topic>Social investing</topic><topic>Social skills</topic><topic>Sustainable development</topic><toplevel>online_resources</toplevel><creatorcontrib>Yan, Shipeng</creatorcontrib><creatorcontrib>Ferraro, Fabrizio</creatorcontrib><collection>ProQuest Ebook Central - Book Chapters - Demo use only</collection><collection>Sociological Abstracts (pre-2017)</collection><collection>Sociological Abstracts</collection><collection>Sociological Abstracts</collection><collection>Sociological Abstracts (Ovid)</collection></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Yan, Shipeng</au><au>Ferraro, Fabrizio</au><au>Lounsbury, Michael</au><au>Greenwood, Royston</au><au>Gehman, Joel</au><format>book</format><genre>bookitem</genre><ristype>CHAP</ristype><atitle>State Mediation in Market Emergence: Socially Responsible Investing in China</atitle><btitle>How Institutions Matter</btitle><seriestitle>rso</seriestitle><date>2016</date><risdate>2016</risdate><volume>48, Part B</volume><spage>173</spage><epage>206</epage><pages>173-206</pages><issn>0733-558X</issn><isbn>9781786354327</isbn><isbn>1786354322</isbn><eisbn>9781786354310</eisbn><eisbn>1786354314</eisbn><abstract>Abstract
Socially responsible investing (SRI) funds depart from mainstream finance by incorporating environmental, social, and governance considerations, but their success varies across regions. By using a historical comparative case design, we identify an empirically puzzling phenomenon in China: despite an initially favorable resource environment and the presence of socially skilled institutional entrepreneurs, SRI wanes over time in Hong Kong but survives in Mainland China where initial resource endowments and actors’ social skills were inferior. By comparing four periods of SRI development, we reveal how state sustainable development policies, a change in the institutional context, led unintentionally to a shared orientation and a public pool of resources, which sustained the SRI niche. Our paper contributes to research on market emergence, institutional change, and cultural entrepreneurship.</abstract><cop>United Kingdom</cop><pub>Emerald Group Publishing Limited</pub><doi>10.1108/S0733-558X201600048B005</doi><oclcid>967224610</oclcid><oclcid>1034620581</oclcid><tpages>34</tpages></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 0733-558X |
| ispartof | How Institutions Matter, 2016, Vol.48, Part B, p.173-206 |
| issn | 0733-558X |
| language | eng |
| recordid | cdi_proquest_ebookcentralchapters_5017979_83_184 |
| source | Emerald Books Business Management And Economics; Sociological Abstracts |
| subjects | Corporate Culture Cultural change Development policy Entrepreneurship Finance Governance HR & Organizational Behaviour Institutional change Organizational theory & behaviour Social investing Social skills Sustainable development |
| title | State Mediation in Market Emergence: Socially Responsible Investing in China |
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