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  1. Corporate Governance and Supplemental Environmental Projects: A Restorative Justice Approach.Muhammad Nadeem - 2020 - Journal of Business Ethics 173 (2):261-280.
    Firms have traditionally responded to environmental violations by increasing information disclosure and/or communication to manage stakeholder perceptions. As such, these approaches may be symbolic in nature, with no genuine intention to improve the environment. We draw from restorative justice grounded in stakeholder theory and explore a relatively new approach in the form of supplemental environmental projects aimed at restoring the environment, and empirically examine the role of corporate governance in firms’ decisions to undertake reparative actions. Using environmental violations and SEPs (...)
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  • Shareholder Engagement on Environmental, Social, and Governance Performance.Tamas Barko, Martijn Cremers & Luc Renneboog - 2022 - Journal of Business Ethics 180 (2):777-812.
    We study behind-the-scenes investor activism promoting environmental, social, and governance improvements by means of a proprietary dataset of a large international, socially responsible activist fund. We examine the activist’s target selection, forms of engagement, impact on ESG performance, drivers of success, and effects on the targets’ operations and value creation. Target firms are typically large and visible, perform well, and have high liquidity and low ESG performance. Engagement induces ESG rating adjustments: firms with poor ex ante ESG ratings experience a (...)
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