Non‐Financial Shareholder Activism: A Process Model for Influencing Corporate Environmental and Social Performance

@article{Cundill2018NonFinancialSA,
  title={Non‐Financial Shareholder Activism: A Process Model for Influencing Corporate Environmental and Social Performance},
  author={Gary Cundill and Palie Smart and Hugh Wilson},
  journal={Strategy \& Social Policies eJournal},
  year={2018}
}
Shareholders have become increasingly active in endeavouring to influence companies’ environmental and social practices. In comparison with the mature field of financially motivated shareholder activism, limited enquiries have been carried out on its non‐financial counterparts. This paper synthesizes the knowledge base through a review of the academic literature, exploring shareholder activism intended to affect corporate environmental and social performance. Theoretical perspectives… 
The Financialization of Civil Society Activism: Sustainable Finance, Non-Financial Disclosure and the Shrinking Space for Engagement
Abstract Inspired by the principles of sustainable finance and Environmental, Social and Governance (ESG) reporting, the European Union Directive 95/2014 on non-financial disclosure recognized that
Company Receptivity in Private Dialogue on Sustainability Risks
This study examines empirically the efficiency of private collaborative dialogues between Nordic institutional investors and companies included in the MSCI (Morgan Stanley Capital International)
Stakeholder Engagement in Corporate Social Practices and Non-Financial Disclosures: A Systematic Literature Review
Abstract Purpose: The goal of the article is to systematize the literature related to the role of stakeholder engagement in corporate social practices and related disclosures by identifying the main
Adoption of voluntary CSR initiatives: tales of the UN Global Compact.
This paper provides evidence from a large field experiment on shareholder engagement effectiveness, more broadly, and on the most effective tactics to engage with international publicly traded firms,
Connecting capital : the factors influencing the decision-making process of institutional investors towards responsible investing
and case specific knowledge are linked Forge the link between intellectual knowledge and action Descriptive, normative and practical knowledge for positive action For positive social and/or
Political investorism: Conceptualising the political participation of shareholders and investors
This article establishes a new basis for examining the participation, mobilisation and impact of investors at a time when market-based activism for social change is rising in prominence. Existing
Sustaining Competitive Advantage Through Good Governance and Fiscal Controls: Risk Determinants in Internal Controls
This study conducts a comprehensive review of the literature published during 1989-2020 to identify the factors that can cause internal control weakness. This review is organized around five main
The Public Effect of Private Sustainability Reporting: Evidence from Incident-Based Engagement Strategy
  • N. Semenova
  • Business, Economics
    Journal of Business Ethics
  • 2021
This study examines whether private information exchange between institutional investors and public companies in engagement dialogs on sustainability issues improves the publicly disclosed
Mapping the determinants of carbon-related CEO compensation: a multilevel approach
Purpose In view of the current climate change emergency and the growing importance of the climate-related accountability of companies, this paper aims to advance a comprehensive understanding of the
...
...

References

SHOWING 1-10 OF 188 REFERENCES
Shareholder Engagement in the Embedded Business Corporation: Investment Activism, Human Rights, and TWAIL Discourse
ABSTRACT: The expansion of extractive corporations’ overseas business operations has led to serious concerns regarding human rights–related impacts. As these apprehensions grow, we see a
Social and Environmental Shareholder Activism in the Public Spotlight: US Corporate Annual Meetings, Campaign Strategies, and Environmental Performance, 2001–04
Held in abeyance by the Cold War and the preeminence of the nation-state over the past fifty years, the legitimacy of the corporation is once again in dispute. New kinds of private agencies and
A new politics of engagement: shareholder activism for corporate social responsibility
A commonly agreed definition of ‘Corporate Social Responsibility’ (CSR) is currently being battled out in many arenas. One of the most interesting of these is in the interaction between corporations
The Influence of Shareholders on Corporate Social Responsibility
ABSTRACT. Shareholders are an important group of stakeholders influencing management and corporate activity through the two channels of shareholder activism and socially responsible investing. The
Management Responses to Social Activism in an Era of Corporate Responsibility: A Case Study
Social activism against companies has evolved in the 50 years since Rachel Carson first put the US chemical industry under pressure to halt the indiscriminate use of the chemical DDT. Many more
Organisational approaches to corporate governance: an empirical study on shareholder activism
It has been argued amply that alternative theoretical approaches to the corporate governance phenomenon can be a valuable complement to the mainstream economic approach. However, such approaches are
Corporate Responses to Shareholder Activists: Considering the Dialogue Alternative
This empirical study examines corporate responses to activist shareholder groups filing social-policy shareholder resolutions. Using resource dependency theory as our conceptual framing, we identify
Shareholder Activism: A Multidisciplinary Review
Shareholder activism has become a dynamic institutional force, and its associated, rapidly increasing body of scholarly literature affects numerous disciplines within the organizational science
Antecedents of Shareholder Activism in Target Firms: Evidence from a Multi-Country Study
This study seeks to understand target firm specific antecedents of shareholder activism, and how the causal relationships vary depending on the governance environments in a multi-country setting,
Shareholder activism for corporate social responsibility: what do we know?
There is a growing body of research on shareholder activism for corporate social and environmental responsibility. This paper maps and synthesizes research on this topic during 1983-2007. Five key
...
...