Shareholder activism and firms’ performance

Barros, Victor; Guedes, Maria João; Santos, Joana; Sarmento, Joaquim Miranda

doi:10.1016/j.ribaf.2022.101860

Cited by 11 publications

(2 citation statements)

References 85 publications

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“…According to Hendrikse and Hendrikse (2004), shareholder activism significantly positively correlates with a company's financial performance. Additionally, shareholder activism does indeed influence firms' profitability following activist campaigns (Barros et al, 2023). In contrast, studies have shown that the financial returns obtained by companies are not proportional to the level of shareholder activism detected over the long term (Karpoff, 2001).…”

Section: Hypothesis Developmentmentioning

confidence: 94%

Antecedents of AGM Shareholder Activism in Malaysian Public Listed Companies and the Role of MSWG Activism as a Moderator

Abdul Razak Rajan,

Othman

2023

E-BPJ

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Shareholder activism and awareness of their rights at Annual General Meetings (AGMs) is one of the most contentious problems related to corporate governance. This study examines the relationship between company size, performance, directors' remuneration, and AGM shareholder activism. Using financial reports year 2021, stratified random sampling of 256 Bursa Malaysia Main Market listed companies was adopted. The Bursa Malaysia website provided all the annual reports and the AGM minutes. Findings reveal no correlation between company size, performance, director remuneration, and AGM shareholder activism. The study also found that MSWG activism does not moderate the association between these variables.

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Section: Hypothesis Developmentmentioning

confidence: 94%

Antecedents of AGM Shareholder Activism in Malaysian Public Listed Companies and the Role of MSWG Activism as a Moderator

Abdul Razak Rajan,

Othman

2023

E-BPJ

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“…Reported earnings are one of the determining criteria for investors' expected returns [58]. The presentation of information must be made in a manner that enables the assessment of past performance so that the presented earnings can help users to evaluate a firm's performance and profitability, and enable investors to estimate their expected returns based on this information [59,60]. Aside from the fact that the reported earnings figure is important for investors and influences their decisions, the qualitative features of earnings can be of significance to the investors as one of the aspects of earnings information [61].…”

Section: Research Background and Hypothesis Developmentmentioning

confidence: 99%

Environmental Dimension of Corporate Social Responsibility and Earnings Persistence: An Exploration of the Moderator Roles of Operating Efficiency and Financing Cost

Zhang,

Imeni,

Edalatpanah

2023

Sustainability

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Society has gradually realized that companies’ actions have consequences. Companies can fulfill their accountability to society by disclosing information beyond their financial data, providing better decision making for stakeholders. Therefore, this study aims to investigate the impact of corporate social responsibility (CSR) on earnings persistence (EP) for the moderator roles of operational efficiency and financing cost for the companies listed on the Tehran Stock Exchange. For this purpose, the statistical population consists of 714 firm-year observations from 2014 to 2020 (7 years). A multivariate regression method was used based on the panel data analysis method to test the research hypotheses. The results indicate that corporate social responsibility for earnings persistence has a positive and significant relationship with the moderator role of operational efficiency, but is unrelated to the moderator role of financing cost. The majority of the prior research in this field has focused on developing countries. An international perspective is critical, and this study helps draw a more contextualized picture of sustainability than before.

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ESG performance and firms’ business and geographical diversification: An empirical approach

Barros,

Verga Matos,

Miranda Sarmento

et al. 2024

Journal of Business Research

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Shareholder activism and firms’ performance

Cited by 11 publications

References 85 publications

Antecedents of AGM Shareholder Activism in Malaysian Public Listed Companies and the Role of MSWG Activism as a Moderator

Antecedents of AGM Shareholder Activism in Malaysian Public Listed Companies and the Role of MSWG Activism as a Moderator

Environmental Dimension of Corporate Social Responsibility and Earnings Persistence: An Exploration of the Moderator Roles of Operating Efficiency and Financing Cost

ESG performance and firms’ business and geographical diversification: An empirical approach

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