Environmental Shareholder Activism
| Autor: | Cynthia E. Clark, Elise Perrault |
|---|---|
| Rok vydání: | 2015 |
| Předmět: |
Organizational Behavior and Human Resource Management
Public economics business.industry Corporate governance media_common.quotation_subject 05 social sciences Accounting Sample (statistics) 06 humanities and the arts 0603 philosophy ethics and religion Affect (psychology) Stakeholder management Shareholder resolution Shareholder 0502 economics and business 060301 applied ethics Business Decision process 050203 business & management General Environmental Science Reputation media_common |
| Zdroj: | Organization & Environment. 29:194-211 |
| ISSN: | 1552-7417 1086-0266 |
| Popis: | Status and reputation have recently gained traction as theoretical mechanisms that, as important parts of decision processes, influence and explain firm behavior. In this study, we examine how environmentally concerned shareholder activists vary in their status and reputation, and how these differences affect firm responsiveness to their concerns. In a sample of 420 resolutions concerning the natural environment in the period 2004 to 2008, our results indicate that firms respond positively to shareholder activists’ high status (a desirable characteristic) and also to their reputation to threaten the firm (an unfavorable characteristic). As such, our study advances a promising explanation to firm responsiveness on environmental issues, rooted in their interpretation of how activists’ status and reputation affect their firm. |
| Databáze: | OpenAIRE |
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