Corporate responses to shareholder activism: An institutional perspective

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

Corporate responses to shareholder activism: An institutional perspective

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

Research output: Contribution to conference › Paper › peer-review

1 Citation (SciVal)

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 language	English
Publication status	Published - 2009
Event	69th Annual Meeting of the Academy of Management, AOM 2009 - Chicago, IL, USA United States Duration: 7 Aug 2009 → 11 Aug 2009

Conference

Conference	69th Annual Meeting of the Academy of Management, AOM 2009
Country/Territory	USA United States
City	Chicago, IL
Period	7/08/09 → 11/08/09

Keywords

Activists
Corporate governance
Shareholder activism

ASJC Scopus subject areas

Management Information Systems
Management of Technology and Innovation
Industrial relations

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Cite this

@conference{08ef2110fc3c41efbee6ebad2e9bba77,

title = "Corporate responses to shareholder activism: An institutional perspective",

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.",

keywords = "Activists, Corporate governance, Shareholder activism",

author = "Kathleen Rehbein and Stephen Brammer and Logsdon, {Jeanne M.} and {Van Buren}, {Harry J.}",

year = "2009",

language = "English",

note = "69th Annual Meeting of the Academy of Management, AOM 2009 ; Conference date: 07-08-2009 Through 11-08-2009",

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T1 - Corporate responses to shareholder activism

T2 - 69th Annual Meeting of the Academy of Management, AOM 2009

AU - Rehbein, Kathleen

AU - Brammer, Stephen

AU - Logsdon, Jeanne M.

AU - Van Buren, Harry J.

PY - 2009

Y1 - 2009

N2 - 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.

AB - 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.

KW - Activists

KW - Corporate governance

KW - Shareholder activism

UR - http://www.scopus.com/inward/record.url?scp=84858382845&partnerID=8YFLogxK

M3 - Paper

AN - SCOPUS:84858382845

Y2 - 7 August 2009 through 11 August 2009

ER -

Corporate responses to shareholder activism: An institutional perspective

Abstract

Conference

Keywords

ASJC Scopus subject areas

UN SDGs

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