Corporate responses to shareholder activism: An institutional perspective

Kathleen Rehbein, Stephen Brammer, Jeanne M. Logsdon, Harry J. Van Buren

Research output: Contribution to conferencePaperpeer-review

1 Citation (Scopus)

Abstract

Research on how corporations respond to the filing of shareholder resolutions that seek social change has provided low levels of explanation and inconsistent results. This paper builds on previous research that has looked primarily at corporate governance and stakeholder atrributes by examining how institutional factors may have an impact on corporate responses. Our model develops hypotheses related to the influence of issue saliency, industry responsiveness, corporate social performance and corporate governance characterists on corporate responses to the demands of shareholder activists. The hypotheses are tested using social policy share resolutions from the period 2002 through 2005. The results signal some support for the importance for the incorporation of institutional factors. Industry reponses tend to pressure other corporate members to respond positively to the demands of shareholder activists.

Original languageEnglish
Publication statusPublished - 2009
Event69th Annual Meeting of the Academy of Management, AOM 2009 - Chicago, IL, USA United States
Duration: 7 Aug 200911 Aug 2009

Conference

Conference69th Annual Meeting of the Academy of Management, AOM 2009
Country/TerritoryUSA United States
CityChicago, IL
Period7/08/0911/08/09

Keywords

  • Activists
  • Corporate governance
  • Shareholder activism

ASJC Scopus subject areas

  • Management Information Systems
  • Management of Technology and Innovation
  • Industrial relations

Fingerprint

Dive into the research topics of 'Corporate responses to shareholder activism: An institutional perspective'. Together they form a unique fingerprint.

Cite this