Agency Theory’s “Truth Regime”: Reading Danish Pension Funds’ Decisions Regarding Shell from the Perspective of Agency Theory
نویسندگان
چکیده
With the progression of both climate crisis and financial capitalism, institutional investors play an increasingly central role in fossil fuel companies’ business decisions. Against this backdrop, article investigates underlying rationales Danish pension funds’ climate-related investment decisions analyzed from perspective one dominant finance theories today on governance relationship between corporations: agency theory. Hitherto, investors’ have not yet been studied how actions align with assumptions Thus, study explores degree to which select regarding Royal Dutch Shell can be verified according First, deploying Foucault’s notion a “truth regime”, analyzes certain action defined as true, read derived theory, truth regime Second, paper identified three funds, PFA, PKA, AkademikerPension, Shell’s general assembly, 2021. The investigation concludes that theory constitute part reasonings capitalism that, insofar significantly prescriptions it substantially reduces their possibilities take Paris-aligned
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ژورنال
عنوان ژورنال: Sustainability
سال: 2022
ISSN: ['2071-1050']
DOI: https://doi.org/10.3390/su142214801