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Understanding Shareholder Activism: Which Corporations are Targeted?Marquette University, Kathleen.rehbein{at}marquette.edu
Boston College, waddock{at}bc.edu
Boston College, Samuel.graves{at}bc.edu This study provides preliminary empirical evidence that shareholder activists target companies because of their size as well as specific stakeholder-related practices. The data show that shareholder activists target companies with shareholder resolutions demanding changes in corporate behaviors for companies producing problematic products and where environmental concerns exist. Furthermore, companies in specific industries are targeted based on poor employee and community-related practices. Activists, that is, are selective in their targeting of companies, choosing the most visible (largest) companies and those whose practices raise specific issues of interest to society.
Key Words: corporate social performance social responsibility shareholder activism stakeholders shareholder resolutions KLD Socrates database Investor Responsibility Research Center
Business & Society, Vol. 43, No. 3,
239-267 (2004) This article has been cited by other articles:
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