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dc.contributor.authorHoffman, Christian
dc.contributor.authorBrønn, Peggy Simcic
dc.contributor.authorFieseler, Christian
dc.date.accessioned2016-05-10T09:43:21Z
dc.date.available2016-05-10T09:43:21Z
dc.date.issued2016
dc.identifier.citationCorporate Reputation Review, 19(2016)1:35-46nb_NO
dc.identifier.issn1363-3589
dc.identifier.issn1479-1889
dc.identifier.urihttp://hdl.handle.net/11250/2388897
dc.descriptionThis is the authors’ accepted and refereed manuscript to the articlenb_NO
dc.description.abstractWhen 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.nb_NO
dc.language.isoengnb_NO
dc.publisherPalgravenb_NO
dc.titleA good reputation: a protection against shareholder activism?nb_NO
dc.typeJournal articlenb_NO
dc.typePeer reviewednb_NO
dc.source.journalCorporate Reputation Reviewnb_NO
dc.identifier.doihttp://dx.doi.org/10.1057/crr.2015.27
dc.description.localcode1, Forfatterversjonnb_NO


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