“…In summary, previous empirical literature has focused on the relationship between corporate activism and purchase intention (Corcoran et al, 2016;Krebel Chang, 2017;Overton et al, 2021;Robinson et al, 2012), changes in consumer attitudes (Atanga et al, 2022;Parcha & Kingsley Westerman, 2020), the impact on brand equity (Korschun et al, 2019;Vredenburg et al, 2020), reputation (Den-Hond et al, 2014), or both (Villagra, Clemente-Mediavilla, et al, 2021), as well as understanding the antecedents of the concept (institutional and corporate credibility and authenticity) from the consumer's point of view (Villagra et al, 2022). Moreover, the relationship between corporate activism and financial performance is receiving research attention (Bhagwat et al, 2020;Dodd, 2018;Dodd & Supa, 2014;Glambosky & Peterburgsky, 2022;Villagra, Monfort, & Méndez-Suárez, 2021;Weinzimmer & Esken, 2016), which is closely related to the principal objective of this research.…”