Exploring the research fronts and main paths of literature: a case study of shareholder activism research

Vincent, Chris; Liu, John S.

doi:10.1007/s11192-016-2035-x

Cited by 23 publications

(5 citation statements)

References 81 publications

(107 reference statements)

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“…Shareholder activism has recently evolved to serve as an additional monitoring tool to the existing CG mechanism in which process activist shareholders can pursue changes in the target firms without taking control of the firms. The activist shareholders generally submit a proposal for ballots during the annual general meeting if they are dissatisfied with corporate managers on issues including operational performance, stock performance, risk management, governance and social and environmental issues (Boyson & Mooradian, 2011; Brav et al., 2008; Goranova & Ryan, 2014; V. C. Ma & Liu, 2016).…”

Section: Background and Hypothesis Developmentmentioning

confidence: 99%

Are retail investors really passive? Shareholder activism in the digital age

Hafeez

Kabir

Wongchoti

2021

Business Fin & Account

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Academics traditionally view retail investors as rationally passive toward corporate proxy fights due to the higher cost of individual information gathering and their inability to coordinate collectively. In the wake of the digital age and social media, we re-examine retail investors' attention and participation during the shareholder activism process. Using a sample from 2005 to 2016, we find that abnormal Google search activities (a proxy for retail investors' attention in the literature) on firms that receive a shareholder proposal increase during the 3-week period leading up to the voting. This increase is more pronounced for less transparent firms. Our textual analyses of proxy statements also indicate that these abnormal Google search activities particularly increase for proposals with a more negative or controversial tone. In turn, this retail investors' attention is associated with greater participation in the voting process, especially among proposals that resonate with shareholders' preferences and interests (high salience activism). Finally, we show that greater participation during high salience activism is more prominent after E-proxy regulation became fully effective in 2009. By highlighting that retail investors are proactively engaged in "informed" voting during the shareholder activism process, our study further challenges the view that retail investors are narratively passive.

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Section: Background and Hypothesis Developmentmentioning

confidence: 99%

Are retail investors really passive? Shareholder activism in the digital age

Hafeez

Kabir

Wongchoti

2021

Business Fin & Account

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“…One such technique is main path analysis (MPA). Originally proposed in Hummon and Doreian (1989), MPA has prospered in the information science community since Verspagen (2007) and attracted abundant applications in various domains (Batagelj, Ferligoj, & Squazzoni, 2017;Carley, Hummon, & Harty, 1993;Colicchia & Strozzi, 2012;Hummon, Doreian, & Freeman, 1990;Hung, Liu, Lu, & Tseng, 2014;Liang, Wang, Xue, & Cui, 2016;Liu, Lu, Lu, & Lin, 2013;Lucio-Arias & Leydesdorff, 2008;Ma & Liu, 2016;Mina, Ramlogan, Tampubolon, & Metcalfe, 2007).…”

Section: Introductionmentioning

confidence: 99%

Main path analysis on cyclic citation networks

Jiang

Zhu

Chen

2019

Asso for Info Science & Tech

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Main path analysis is a famous network‐based method for understanding the evolution of a scientific domain. Most existing methods have two steps, weighting citation arcs based on search path counting and exploring main paths in a greedy fashion, with the assumption that citation networks are acyclic. The only available proposal that avoids manual cycle removal is to preprint transform a cyclic network to an acyclic counterpart. Through a detailed discussion about the issues concerning this approach, especially deriving the “de‐preprinted” main paths for the original network, this article proposes an alternative solution with two‐fold contributions. Based on the argument that a publication cannot influence itself through a citation cycle, the SimSPC algorithm is proposed to weight citation arcs by counting simple search paths. A set of algorithms are further proposed for main path exploration and extraction directly from cyclic networks based on a novel data structure main path tree. The experiments on two cyclic citation networks demonstrate the usefulness of the alternative solution. In the meanwhile, experiments show that publications in strongly connected components may sit on the turning points of main path networks, which signifies the necessity of a systematic way of dealing with citation cycles.

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“…Without effective diffusion, knowledge would be worthless (Yu, Wang, & Yu, 2010). Knowledge diffusion has been an active research area in several fields (Argote & Ingram, 2000; Luo, Du, Liu, Xuan, & Wang, 2015; Ma & Liu, 2016; Park & Magee, 2017). This article aims to ascertain the knowledge diffusion process of MPM by looking into MPM’s development trajectories, revealing MPM research interlinkage and its development from the past to the present.…”

Section: Introductionmentioning

confidence: 99%

Major Knowledge Diffusion Paths of Megaproject Management: A Citation-Based Analysis

Xue

Zhao

et al. 2019

Project Management Journal

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This article integrates social network analysis and main path analysis to investigate progress in megaproject management (MPM) from the perspective of knowledge diffusion. After measuring three major knowledge diffusion paths of MPM, the authors find that MPM is mainly driven by a set of problems and puzzles. The findings provide an exciting opportunity to advance existing understanding of MPM from an alternative angle of knowledge diffusion that considers the underlying associations among publications. Moreover, this article employs quantitative methods to examine citation data of publications, thus providing more unbiased and in-depth analysis to illustrate the development of MPM.

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Exploring the research fronts and main paths of literature: a case study of shareholder activism research

Cited by 23 publications

References 81 publications

Are retail investors really passive? Shareholder activism in the digital age

Are retail investors really passive? Shareholder activism in the digital age

Main path analysis on cyclic citation networks

Major Knowledge Diffusion Paths of Megaproject Management: A Citation-Based Analysis

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