International Diversification and Shareholder Proposal Activism in Multinational Enterprises

SSRN Electronic Journal · 2026-01-01

Advancing a Global Perspective on Board Governance: Emerging Insights and Challenges Across Nations

Academy of Management Proceedings · 2025-07-01

To advance a global perspective on board governance, this symposium brings together five studies that collectively examine three pressing issues, including gender quotas, independent directorship, and activist representation, across five countries and regions: India, South Korea, Hong Kong, Denmark, and the United States. By moving beyond the traditional U.S.-centric focus in board governance research, the symposium explores how diverse regulatory frameworks, cultural norms, and market maturity shape board reforms and governance dynamics. This symposium contributes to the broader conversation on corporate governance by highlighting the complexities of board practices in emerging and developed markets alike, fostering a richer, more inclusive dialogue in management research. Beyond Compliance: Examining Gender Quota Impact on Board Inclusion in India Author: Ruth V. Aguilera; Northeastern University Author: Venkat Kuppuswamy; Northeastern University Author: Rahul Anand; Does Board Gender Diversity Trickle Down on Gender Pay Equity of the Firm? Author: Sun Hyun Park; Seoul National University Author: Jamoon Wang; Seoul National University Author: Jangwoon Kim; Seoul National University Author: Dayoung Lee; Seoul National University Alice in Wonderland? Female Representation at the Top and Gendered Employee Outcomes Author: Shuping Li; The Hong Kong Polytechnic University Author: Jacob Lyngsie; University of Southern Denmark Psychological Insights on Director Turnover in Hong Kong Author: Harry Kwok Kuen Yu; The Hong Kong Polytechnic University Author: Xinhao Qiao; The Hong Kong Polytechnic University Author: Amy Y. Ou; The Hong Kong Polytechnic University Author: Liangyu Wei; University of Melbourne Evolving Board Dynamics Amidst Activist Representation and Shareholder Influence Author: Margarethe F Wiersema; University of California Irvine Author: Haeyoung Koo; City University of Hong Kong

How Does the Visibility of <scp>LGBTQ</scp>+ Directors Influence Firm Value? The Mediating Role of Environmental, Social, and Governance Performance

Human Resource Management · 2025-01-05 · 1 citations

ABSTRACT Board directors who identify as lesbian, gay, bisexual, transgender, queer, and other identities (LGBTQ+) are now more visible at the corporate apex, as the attainment of diversity, equity, and inclusion at the upper echelons is a goal for many organizations, researchers, and policymakers worldwide. The visibility of LGBTQ+ directors implies the shift toward truly diverse boards that demonstrate commitment to the provision of equal career opportunities and empowerment for all types of individuals. However, we still lack knowledge regarding the relationship between LGBTQ+ board representation and firm outcomes. Drawing on upper echelons and signaling theories, we examine a sample of Fortune 500 companies to identify how LGBTQ+ directors influence their firm values. Our OLS regressions on an unbalanced panel dataset of 441 firms in 2021–2022 reveal that the visibility of LGBTQ+ directors is positively associated with enterprise value, and this relationship is mediated by environmental, social, and governance performance, which can be attributed to corporate social performance. Our research contributes to the literature by showing how the visibility of LGBTQ+ status in the boardroom can matter on firms.

The influence of shareholder activism on global workforce practices

Organizational Dynamics · 2025-03-08

The Hype Is Over, Now What? How Corporate Governance Can Safeguard the Future of Sustainability

Academy of Management Proceedings · 2025-07-01

The management of social and environmental sustainability—both local and global—has emerged as a critical issue for business and society, with significant implications for future generations. Reflecting this broader concern, management scholars are increasingly focussing on the pivotal role of corporate governance in addressing the grand challenge of sustainability, recognizing that the structure and process of decision-making within firms plays a decisive role in this regard (Walls & Berrone, 2017; Jain et al., 2023). Indeed, corporate governance is important to ensure a long-term orientation by executives and boards and is therefore uniquely placed to influence firms’ sustainability strategies. Yet, starting in 2023, corporate sustainability moved into a sort of “recession”. While prior years witnessed a sustainability hype that was mostly driven by the quick expansion of environment, social, and governance (ESG) investing and the launch of landmark sustainability regulations in Europe, practitioners’ enthusiasm around corporate sustainability started to decline in 2023 and this trend continued in 2024. For instance, one analysis observed that CEOs prioritization of sustainability dropped sharply from 2022 to 2023 (Ageyeva-Furman et al. 2024). In 2024, numerous companies (e.g., Unilever, Coca Cola, Colgate Palmolive, and Bank of America) also either dropped some of their sustainability targets or revised them into less ambitious goals (Salinas & Somasundaram, 2024). The continued politicization of the ESG debate in the U.S. intensified the skepticism of some investors contributing to a sharp drop in the support of ESG-related shareholder resolutions. These recent developments show that companies need to work harder to safeguard their sustainability strategies. In this panel symposium, we propose corporate governance as a framework to safeguard the future of corporate sustainability. We will explore how corporate governance mechanisms and approaches could enable businesses to employ an inclusive approach for creating value for stakeholders, society and the environment. In this context, this panel symposium brings together key international scholars working at the intersection of corporate governance and corporate sustainability to interactively discuss how different theoretical understandings, approaches and mechanisms within corporate governance can contribute to such safeguarding.

Reinforcing the Impact of Your Research: Initiatives and Tips to Increase Research Engagement

Academy of Management Proceedings · 2025-07-01

How could you amplify the visibility and impact of your research in an increasingly crowded academic landscape? In today’s academic environment, the impact of a scholar's research is often evaluated based on citations, a widely recognized proxy for research quality and relevance. However, the journey to achieving high citation counts is far from straightforward, especially in the competitive environment of academic publishing. Additionally, focusing solely on citation metrics risks overlooking other critical dimensions of research impact, such as contributions to practice, policy-making, and societal change. As scholars and institutions strive to enhance the visibility and accessibility of their work, exploring innovative dissemination strategies, engaging with diverse audiences, and leveraging tools to amplify reach have become paramount. This symposium brings together editors from leading journals, including Journal of Management Studies, Organization Studies, Strategic Management Journal, BRQ Business Research Quarterly, Academy of Management Perspectives, Journal of International Business Studies, Journal of Management, and Management Science. These editorial leaders and accomplished scholars have successfully elevated the visibility and influence of their research and journals. Attendees will gain actionable insights into crafting impactful articles, strategically choosing publication outlets, navigating the evolving metrics of research impact, and connecting deeply with targeted academic and practitioner communities. By focusing on the pros and cons of innovative practices and exploring new avenues for engagement, this symposium will provide invaluable guidance for researchers to enhance their academic and societal contributions.

Toward an updated corporate governance framework: Fundamentals, disruptions, and future research

BRQ Business Research Quarterly · 2025-02-24 · 32 citations

This essay explores the evolving landscape of corporate governance amid global disruptions and changing stakeholder demands. We argue that traditional governance models are unable to effectively address contemporary challenges such as technological advancements, sustainability pressures, and geopolitical conflicts. While corporate governance has traditionally prioritized financial metrics and majority shareholders, there is a growing shift toward incorporating broader societal and environmental considerations. As a result, we highlight the need for a new corporate governance framework that supports the evolving nature of organizations and their corporate governance practices. We argue that the future of corporate governance must integrate ethical leadership, transparency, and a commitment to sustainability to remain relevant in a rapidly changing global marketplace. We conclude by suggesting research areas that require deeper exploration to build robust corporate governance systems. JEL CLASSIFICATION : A10, A13, D21, F23, G34, L2, M14, P48, Q56

Foreign takeover protection and corporate social responsibility

Global Strategy Journal · 2025-08-06 · 1 citations

Abstract Research Summary This study examines the impact of foreign takeover protection on firms' corporate social responsibility (CSR) following the enactment of investment screening laws worldwide. Drawing on research on intertemporal trade‐offs in managerial investment decisions, we argue that foreign takeover protection encourages protected firms to improve CSR by expanding managerial investment horizons and increasing the motivation for long‐term investments. This effect is stronger in countries with long‐term‐oriented national cultures and among firms with higher levels of long‐term institutional ownership. Using a sample of 5353 firms across 72 countries from 2001 to 2018, we find support for our arguments. Our study provides a behavioral account of foreign takeover protection's impact and highlights its positive implications for firm CSR. Managerial Summary Managers are often under pressure to boost their firm's share price or run the risk of a foreign takeover. In this study, we argue that when countries enact foreign takeover protection through investment screening laws, this short‐term performance pressure on domestic managers can be alleviated, enabling them to adopt a longer investment horizon. As a result, managers may become more motivated to invest in corporate social responsibility (CSR). We find empirical support for this argument. Furthermore, we show that a country's temporal cultural orientation and the investment horizons of a firm's owners further shape managers' motivation to engage in CSR.

Para una sociología del racismo análisis comparativo de las pautas de matrimonio entre personas de raza blanca y negra

Revista Española de Investigaciones Sociológicas · 2024-03-13

Existen diferentes maneras de analizar los prejuicios y las discriminaciones raciales. Uno de los mejores indicadores sociales es el matrimonio interracial (por ejemplo, entre razas negra y blanca), que sobrepasa los límites de los grupos establecidos mediante los procesos de racialización. Ante este fenómeno se hace necesario redefinir las nociones de raza, género y cultura en las vidas individuales, así como a nivel social y político. En el artículo se analizan algunos de esos conceptos e indicadores. Se estudian las tasas de matrimonios interraciales como un indicador significativo de la armonía en las relaciones raciales. A partir de esos datos se exponen las teorías existentes y posibles explicaciones del matrimonio entre blancos y negros, utilizando datos recientes de Estados Unidos y Gran Bretaña, analizando también la dinámica de la racionalización en ambos países. Al final se añaden ideas de algunos de los principales estudios españoles.

Corporate governance deviance

Edward Elgar Publishing eBooks · 2024-10-18 · 29 citations

We develop the concept of corporate governance deviance and seek to understand why, when, and how a firm adopts governance practices that do not conform to the dominant governance logic. Drawing on institutional theory, coupled with the entrepreneurship and corporate governance literatures, we advance a middle range theory of the antecedents of corporate governance deviance that considers both the institutional context and firm-level agency. Specifically, we highlight the centrality of a firm’s entrepreneurial identity as it interacts with the national governance logic to jointly create corporate governance discretion (i.e., the latitude of accessible governance practices) within the firm. We argue that as a firm’s governance discretion increases, it will be more likely to adopt over- or under-conforming governance practices that deviate from established norms and practices. Moreover, we propose that adopting a deviant corporate governance practice is contingent on the governance regulatory environment and a firm’s corporate governance capacity. We conclude by advancing a new typology of corporate governance deviance based on a firm’s over- or under-conformity with the dominant national logic, as well as its entrepreneurial identity motives. This globally-relevant study refines and extends comparative corporate governance research and enriches our current understanding of the institutional logics perspective.