8 found
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  1.  25
    Institutional Investor Power and Heterogeneity.Lori Verstegen Ryan & Marguerite Schneider - 2003 - Business and Society 42 (4):398-429.
    This article examines the implications of the escalation in institutional inves power and heterogeneity for two dominant theories of corporate governanceagency theory and stakeholder theory. From this analysis, a new view of the agency relationship between institutional investors and their portfolio firms emerges, which recognizes the institutions’ market power, complex role as financial intermediaries, and possible involvement in simultaneous and opposing agency contracts. We also conclude that stakeholder theorists should reconsider these newly empowered shareholders’moral standing in relation to their portfolio (...)
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  2.  35
    A Property Rights Analysis of Newly Private Firms: Opportunities for Owners to Appropriate Rents and Partition Residual Risks.Marguerite Schneider & Alix Valenti - 2011 - Business Ethics Quarterly 21 (3):445-471.
    ABSTRACT:A key factor in the decision to convert a publicly owned company to private status is the expectation that value will be created, providing the firm with rent. These rents have implications regarding the property rights of the firm’s capital-contributing constituencies. We identify and analyze the types of rent associated with the newly private firm. Compared to public firms, going private allows owners the potential to partition part of the residual risk to bond holders and employees, rendering them to be (...)
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  3.  10
    Is Corporate Social Performance a Criterion in the Overseas Investment Strategy of U.S. Pension Plans?: An Empirical Examination.Paul Cox & Marguerite Schneider - 2010 - Business and Society 49 (2):252-289.
    This study examines overseas investing by U.S.-domiciled pension plans. The authors explore whether U.S. pension plans invest based on corporate social performance in a core overseas market, the United Kingdom. As a guide to social investing opportunities available to U.S. pension funds in the United Kingdom, their investments are compared to U.K.-domiciled pension plan domestic investments. U.S. labor union plan portfolios have a positive relationship with workplace practices, and U.S. private plan portfolios, with CSP’s community dimension. U.S. state and foundation (...)
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  4.  22
    Addressing equitable health of vulnerable groups in international health documents.Arne H. Eide, Mutamad Amin, Malcolm MacLachlan, Hasheem Mannan & Marguerite Schneider - 2013 - Alter - European Journal of Disability Research / Revue Européenne de Recherche Sur le Handicap 7 (3):153-162.
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  5.  30
    An Examination of Corporate and Regulatory Responses to Socially Oriented Investor Activism.Michael Hadani, Jonathan Doh & Marguerite Schneider - 2013 - Proceedings of the International Association for Business and Society 24:178-187.
    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 (...)
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  6.  20
    Does A Company’s “Going Private” Tend to Harm Its Stakeholders? A Contingency-Based Approach to Stakeholder Effects.Marguerite Schneider & Alix Valenti - 2009 - Proceedings of the International Association for Business and Society 20:337-347.
    The migration of publicly-held companies to private status through use of private equity has been both lauded and lambasted. While agency theorists praise the public-to-private or PTP firm as being an efficient form of corporate governance, others suggest that going private allows owners and managers to extract, rather than add, value.We contribute by developing a categorization of the potential sources of value for the PTP firm. We analyze the effects of each source of value, and find that there are specific (...)
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  7.  13
    Measuring disability in censuses: The case of South Africa.Marguerite Schneider, Princelle Dasappa, Neloufar Khan & Azam Khan - 2009 - Alter - European Journal of Disability Research / Revue Européenne de Recherche Sur le Handicap 3 (3):245-265.
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  8.  27
    The Effects of “Going Private” on Corporate Financial and Corporate Social Performance.Marguerite Schneider & Alix Valenti - 2008 - Proceedings of the International Association for Business and Society 19:236-245.
    The newly private corporation challenges scholars to re-examine corporate social responsibility under a markedly different governance system. We theorize regarding the implications of public corporations going private through use of private equity. The new governance system includes few owners and an expert, involved board of directors; combined with a greatly reduced public presence, public-to-private firms are proposed to place greater emphasis on financial performance and lesser emphasis on social performance. Several variables are proposed to moderate the lesser emphasis on social (...)
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