• norsk
    • English
  • English 
    • norsk
    • English
  • Login
View Item 
  •   Home
  • Handelshøyskolen BI
  • Articles
  • Scientific articles
  • View Item
  •   Home
  • Handelshøyskolen BI
  • Articles
  • Scientific articles
  • View Item
JavaScript is disabled for your browser. Some features of this site may not work without it.

A good reputation: a protection against shareholder activism?

Hoffman, Christian; Brønn, Peggy Simcic; Fieseler, Christian
Journal article, Peer reviewed
Thumbnail
View/Open
LOCKED until 01.03.2017 due to copyright restrictions (342.5Kb)
URI
http://hdl.handle.net/11250/2388897
Date
2016
Metadata
Show full item record
Collections
  • Scientific articles [2147]
Original version
Corporate Reputation Review, 19(2016)1:35-46   http://dx.doi.org/10.1057/crr.2015.27
Abstract
When shareholders become dissatisfied with a public company’s policies or actions, they

may resort to activist interventions. Shareholder activism has been described as an attempt to

resolve agency conflicts by directly influencing management or board decisions. Shareholder

activism may be incited by a lack of focus on shareholder value, a misalignment of corporate

governance, or a number of social and environmental policy issues. Over recent years, shareholder

activism has become more frequent, professional, and costly to corporations. Large,

visible companies are held to be most susceptible to activist interventions, potentially damaging

their corporation reputation. In this study, we analyze the effect of a good corporate reputation

on the susceptibility of public companies to shareholder interventions in the form of

proxy fights. We consider both the frequency and success of shareholder proposals and differentiate

the effect of corporate reputation by issues context. Our findings indicate that a good

corporate reputation serves as a two-fold inoculation against shareholder interventions, reducing

both the frequency and success of proxy fights.
Description
This is the authors’ accepted and refereed manuscript to the article
Publisher
Palgrave
Journal
Corporate Reputation Review

Contact Us | Send Feedback

Privacy policy
DSpace software copyright © 2002-2019  DuraSpace

Service from  Unit
 

 

Browse

ArchiveCommunities & CollectionsBy Issue DateAuthorsTitlesSubjectsDocument TypesJournalsThis CollectionBy Issue DateAuthorsTitlesSubjectsDocument TypesJournals

My Account

Login

Statistics

View Usage Statistics

Contact Us | Send Feedback

Privacy policy
DSpace software copyright © 2002-2019  DuraSpace

Service from  Unit