An Examination of Corporate and Regulatory Responses to Socially Oriented Investor Activism

Proceedings of the International Association for Business and Society 24:178-187 (2013)
  Copy   BIBTEX


Shareholder activism challenges management control over the corporate status quo. Drawing on reactance theory and recent empirical work on corporate political activity and on firms’ response to shareholder activism, and testing using data complied by the Interfaith Center for Corporate Responsibility, the Federal Election Commission and others for S&P 500 firms from 1999-2006, we find evidence that CPA buffers firms from corporate social responsibility-related or socially-oriented shareholder proposals. Greater CPA, particularly greater relational CPA, influences responses of the U.S. Securities and Exchange Commission as well as responses of the targeted firm, to help neutralize socially-oriented shareholder activism



    Upload a copy of this work     Papers currently archived: 89,685

External links

Setup an account with your affiliations in order to access resources via your University's proxy server

Through your library

Similar books and articles

Organisational approaches to corporate governance: An empirical study on shareholder activism.Elias Bengtsson - 2007 - International Journal of Business Governance and Ethics 3 (3):238-249.
Corporate Responsibility as an Arena for Partnered Governance: From the Business to the Public Policy Case.Atle Midttun - 2007 - Proceedings of the International Association for Business and Society 18:222-227.


Added to PP

19 (#675,460)

6 months
2 (#650,101)

Historical graph of downloads
How can I increase my downloads?

Citations of this work

No citations found.

Add more citations

References found in this work

No references found.

Add more references