This empirical study examines corporate responses to activist shareholder groups filing social-policy shareholder resolutions. Using resource dependency theory as our conceptual framing, we identify some of the drivers of corporate responses to shareholder activists. This study departs from...

Initially proposed in the 1950s, corporate social responsibility operated on the idea that business should contribute to a more just and healthy society. Over the last few decades, the concept has grown obsolete under the weight of high inflation and concerns about overregulation and has given...