LOGIN TO YOUR ACCOUNT

Username
Password
Remember Me
Or use your Academic/Social account:

CREATE AN ACCOUNT

Or use your Academic/Social account:

Congratulations!

You have just completed your registration at OpenAire.

Before you can login to the site, you will need to activate your account. An e-mail will be sent to you with the proper instructions.

Important!

Please note that this site is currently undergoing Beta testing.
Any new content you create is not guaranteed to be present to the final version of the site upon release.

Thank you for your patience,
OpenAire Dev Team.

Close This Message

CREATE AN ACCOUNT

Name:
Username:
Password:
Verify Password:
E-mail:
Verify E-mail:
*All Fields Are Required.
Please Verify You Are Human:
fbtwitterlinkedinvimeoflicker grey 14rssslideshare1
Ivanova, Mila (2016)
Publisher: Emerald
Languages: English
Types: Article
Subjects: BJ, HG
Purpose – This study aims to foster a deeper understanding of socio-ethical shareholder activism by outlining the corporate campaigning strategies of a UK based NGO and by assessing their impact on both institutional investors and the practices of two multinational companies. As we move into a world where shareholder ownership is becoming more democratised, shareholder activism is gaining prominence in the US, Europe and Asia, opening new avenues for participation in corporate governance by stakeholders such as NGOs who have traditionally been uninvolved in corporate decisions.\ud \ud Design/methodology/approach – The article adopts a qualitative methodology and case study research design. It relies on semi-structured interviews, analysis of documents and participant observation.\ud \ud Findings – The study sheds light into the ways in which NGOs are connecting themselves to the financial sector. It argues that they can pursue their political goals by framing their arguments in a way that emphasises the short-term financial risks/benefits for investors. Second, it demystifies the term ‘shareholder activism’, transforming it from an action tool belonging only to big and powerful institutions, to a tool which gives other stakeholders such as NGOs and ordinary people a real stake in companies’ affairs. What is more, the study highlights the divergent nature of institutional shareholder activist intervention in the US and the UK.\ud \ud Research limitation/implications – Given the generally long-term nature of shareholder campaigns, which can sometimes span over several years, it could have been beneficial to adopt a longitudinal research design. Future research can endeavour to focus on a number of different campaigns over a period that exceeds three years.\ud \ud Practical implications – The research has implications for NGOs adopting a shareholder activist campaigning model and for policy makers aiming to encourage investor stewardship. \ud \ud Originality/value – The fact that the research field of socio-ethical shareholder activism is relatively new and under-explored by academia, coupled with the growing incidence of the phenomenon in the UK and across the world, as well as its potential benefits for society as a whole, renders further investigation into the topic necessary.
  • The results below are discovered through our pilot algorithms. Let us know how we are doing!

    • Anderson, S., Cavanagh, J. and Lee, T. (2005), Field Guide to the Global Economy 2nd ed, New Press, New York.
    • Bakan, J. (2006), The Corporation: The Pathological Pursuit of Profit and Power, Constable, London.
    • Becht, M., Franks, J. R. and Grant, J. (2010), “Hedge Fund Activism in Europe”, working paper No. 283/2010, ECGI - Finance, 26 May.
    • Clark G., Salo J. and Hebb T. (2006), “Shareholder Activism in the Public Spotlight: Social Investors' Resolutions at US Corporate Annual Meetings, 2001-2004”, Pensions at Work, University of Toronto, available at: www.pensionsatwork.ca/english/pdfs/clark_wpg06_02.pdf (accessed 30 November 2012).
    • Cragg, W. (2000), “Human Rights and Business Ethics: Fashioning a New Social Contract”, Journal of Business Ethics, Vol. 27 No. 1/2, pp. 205-214.
    • Neubaum D.O. and Zahra S.A. (2006), “Institutional Ownership and Corporate Social Performance: The Moderating Effects of Investment Horizon, Activism and Coordination”, Journal of Management, Vol. 32 No. 1, pp. 108-131.
    • after-all-ethical-investment-chief-takes-on-the-system-1977537.html February 2014).
  • No related research data.
  • No similar publications.

Share - Bookmark

Cite this article