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Research on inclusive capitalism


Corporate engagement project involving Professor Elroy Dimson of Cambridge Judge selected by the Principles for Responsible Investment organisation.


Professor Elroy Dimson
Professor Elroy Dimson

The Principles for Responsible Investment (PRI) organisation has selected a project involving Professor Elroy Dimson of Cambridge Judge Business School and Research Fellows Dr Oguzhan Karakas and Dr Xi Li for research support on corporate engagement.

The research project, named “Inclusive capitalism: the impact of global shareholder engagements,” looks at a period of nearly 20 years and combines data covering 68 countries and more than 25,000 engagements by over 5,000 companies. The team will receive access to PRI’s unique database on corporate engagements, with findings expected to be published in 2017. The PRI will also contribute financial support of £10,000 towards the study.

The team conducting the project consists of: Professor Elroy Dimson, Chairman of the Newton Centre for Endowment Asset Management at Cambridge Judge; Assistant Dr Oğuzhan Karakaş, Assistant Professor of Finance at the Carroll School of Management at Boston College and Dr Xi Li, Associate Professor of Accounting at London School of Economics, both Research Fellows at the Newton Centre for Endowment Asset Management; and Cambridge Judge PhD student Vaska Atta-Darkua.

The “inclusive capitalism” research project was one of two selected for funding by PRI. The other project focuses on collective engagement on environmental, social and governance issues by institutional investors.

“We asked for research teams that brought together practitioners and academics, international representation and diverse seniority,” PRI said in announcing the projects for funding. The Cambridge team was selected because of its ability to take a quantitative approach to determining the factors for success in corporate engagement.