Demutualization, Corporatization, and Sustainability Initiatives: Evidence from the European Stock Exchange Industry

Abstract

Purpose: The article analyzes the consequences of transformation in governance structures of stock exchanges on their CSR initiatives, in particular relations between their organizational forms and the number and nature of CSR initiatives as well as their influence on stock exchanges’ performance.

Keywords

• stock exchange
• corporate social responsibility (csr)
• corporatization
• demutualization
• equity market performance
• g20
• g34
• m14