Effective Shareholder Engagement: The Factors that Contribute to Shareholder Salience

Institutional investors are increasingly becoming active owners through voting their shares and engaging in dialogue with investee companies to improve corporate environmental, social and corporate governance (ESG) performance. This article applies a model of stakeholder salience to the shareholder...

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Détails bibliographiques
Auteur principal: Gifford, E. James M. (Auteur)
Type de support: Électronique Article
Langue:Anglais
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Publié: Springer Science + Business Media B. V 2010
Dans: Journal of business ethics
Année: 2010, Volume: 92, Numéro: 1, Pages: 79-97
Sujets non-standardisés:B stakeholder salience
B shareholder activism
B shareholder engagement
Accès en ligne: Volltext (lizenzpflichtig)
Description
Résumé:Institutional investors are increasingly becoming active owners through voting their shares and engaging in dialogue with investee companies to improve corporate environmental, social and corporate governance (ESG) performance. This article applies a model of stakeholder salience to the shareholder context, analysing the attributes of power, legitimacy and urgency, to determine the factors that are likely to enhance shareholder salience. It is found that a strong business case and the values of the managers of investee companies are likely to be the most important contributors to shareholder salience.
ISSN:1573-0697
Contient:Enthalten in: Journal of business ethics
Persistent identifiers:DOI: 10.1007/s10551-010-0635-6