ON DEFINING SHAREHOLDER ACTIVISM: EXPLORING THE TERRAIN FOR RESEARCH

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Abstract

It is crucial to clarify the concept of shareholder activism for the study of shareholder activism. So far a couple of scholars (Black, 1990, 1998; Gillan and Starks, 1998; Hernández-López, 2003) have defined shareholder activism but still there is a room for more clarification. This paper tries to clarify the current definition of shareholder activism by introducing three dimensions of the concept – target, actor and action. Finally it will discuss implications of this clarification for future research, especially from the perspective of representativeness and generalizability.

Keywords: Corporate Governance Activism, Mediating Groups, Monitoring, Social Issue Activism, Shareholder Activism, Shareholder Associations, Exit-Voice Option

How to cite this paper: Rho, H.-K. (2007). On defining shareholder activism: Exploring the terrain for research. Corporate Ownership & Control, 4(2-2), 304-311. https://doi.org/10.22495/cocv4i2c2p7