Managerial activism

dc.authorscopusid6507243952
dc.authorscopusid57211923089
dc.contributor.authorAgca, Senay
dc.contributor.authorTogan-Egrican, Asli
dc.date.accessioned2024-06-23T21:38:08Z
dc.date.available2024-06-23T21:38:08Z
dc.date.issued2024
dc.departmentKadir Has Universityen_US
dc.department-temp[Agca, Senay] George Washington Univ, Washington, DC USA; [Togan-Egrican, Asli] Kadir Has Univ, Istanbul, Turkiyeen_US
dc.description.abstractWe examine managerial activism through collective action in the corporate sector. Activist managers spend considerable resources in pursuing pro-business and pro-manager issues. While managerial activism is valuable in the pursuit of pro-business strategies, pro-manager agendas may exacerbate agency problems. Our evidence shows that firm performance improves with managerial activism through collective pro-business effort but is diminished by pro-manager activism. Furthermore, pro-business activism typically increases CEO compensation, whereas pro-manager activism decreases it. Firms that benefit most from collective managerial activism are those that are government dependent, have more intangible assets, or operate in industries with low competition. Overall, pro-business managerial activism adds value to firms, especially when information dissemination is more essential due to firm characteristics.en_US
dc.identifier.citation0
dc.identifier.doi10.1016/j.jcorpfin.2024.102588
dc.identifier.issn0929-1199
dc.identifier.issn1872-6313
dc.identifier.scopus2-s2.0-85192718222
dc.identifier.scopusqualityQ1
dc.identifier.urihttps://doi.org/10.1016/j.jcorpfin.2024.102588
dc.identifier.urihttps://hdl.handle.net/20.500.12469/5750
dc.identifier.volume86en_US
dc.identifier.wosWOS:001240641000001
dc.identifier.wosqualityQ1
dc.language.isoenen_US
dc.publisherElsevieren_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectCorporate governanceen_US
dc.subjectManagerial activismen_US
dc.subjectLobbyingen_US
dc.subjectFirm performanceen_US
dc.subjectCorporate social responsibilityen_US
dc.titleManagerial activismen_US
dc.typeArticleen_US
dspace.entity.typePublication

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