Research on how shareholders influence the interests of stakeholders has proliferated in
recent years, at pace with the active debate on the merits of “stakeholder capitalism.” This …

Shareholder activism is an important driver of corporate change. Yet, the phenomenon has
primarily been studied within disciplinary silos, providing only a partial understanding of the …

Research shows that CEOs who are sensitive to maximizing gains (promotion focus)
engage in more socially oriented initiatives, while CEOs who are sensitive to avoiding …

In this study, we examine how the prior experiences of decision makers systematically
influence their assessment of and responses to negative performance feedback. We posit …

This study presents moral cost as a novel behavioral constraint on firm resource adjustment,
specifically layoff decisions that can cause severe harm to employees. Revising the …

While agency theory has long dominated corporate governance research, we suggest that
the common transplanting of the dyadic principal–agent problem into the corporate context …

Purpose This study aims to examine the role of institutional investors (using proxy voting and
voice) in influencing the decisions and governance landscape of their investee firms …

We advance a multistakeholder framework that highlights the influence of stakeholders in
tempering short-termist responses to capital market pressures. When firms face pressure …

Abstract Research Summary This article examines the antecedents and outcomes of hedge
fund activism in family versus nonfamily firms. We find that activist hedge funds are less …

Despite indications that shareholder activism can elicit strong emotions, there is little theory
that considers the effect of those emotions on board dynamics or the outcomes of activist …