The double-edged sword of CEO activism

David F. Larcker, Stephen A. Miles, Brian Tayan, Kim Wright-Violich

CEO activism — the practice of CEOs taking public positions on environmental, social, and political issues not directly related to their business — has become a hotly debated topic in corporate governance. To better understand the implications of CEO activism, we examine its prevalence, the range of advocacy positions taken by CEOs, and the public's reaction to activism.We ask:• How widespread is CEO activism?• How well do boards understand the advocacy positions of their CEOs? • Are boards involved in decisions to take public stances on controversial issues, or do they leave these to the discretion of the CEO?• How should boards measure the costs and benefits of CEO activism?• How accurately can internal and external constituents distinguish between positions taken proactively and reactively by a CEO?

MoreLess

Year of publication:	[2018]
Authors:	Larcker, David F. ; Miles, Stephen A. ; Tayan, Brian ; Wright-Violich, Kim
Publisher:	[Stanford, CA] : [Stanford Graduate School of Business]
Subject:	se \| corporate governance \| activism \| CEO activism \| corporate activism \| advocacy \| corporate advocacy \| corporate social responsibility \| ESG \| ESG investing \| social issues \| environmental issues \| controversy \| corporate reputation \| reputation management \| boards of directors \| risk management \| corporate governan \| Corporate Governance \| Corporate governance \| Corporate Social Responsibility \| Corporate social responsibility \| Führungskräfte \| Managers \| Firmenimage \| Corporate reputation \| Risikomanagement \| Risk management \| Unternehmensethik \| Business ethics

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

Extent:	1 Online-Ressource (circa 13 Seiten) Illustrationen
Series:	Stanford University Graduate School of Business research paper. - Rochester, NY : Social Science Electronic Publishing, ZDB-ID 2865911-9. - Vol. no. 19, 5]
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper
Language:	English
Classification:	G30 - Corporate Finance and Governance. General ; G34 - Mergers; Acquisitions; Restructuring; Corporate Governance ; M12 - Personnel Management
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012001263