Understanding Shareholder Activism: Which Corporations are Targeted?
提供初步实证证据，表明股东积极主义者因公司规模及特定利益相关者相关实践而选择目标公司，包括生产问题产品、存在环境问题的公司，以及员工和社区关系不佳的特定行业公司。
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.