18 research outputs found
A reflective stakeholder approach: Co‐orientation as a basis for communication and learning
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Adapting the PZB service quality model to reputation risk analysis and the implications for CSR communication
No full textAssessing Organizational Communication: Strategic Communication Audits, by Cal W. Downs and Allyson D. Adrian, reviewed by Peggy Simcic Brønn
No full textA good reputation: a protection against shareholder activism?
Get PDFWhen 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
