股东行动主义研究四十年的文献计量分析

IF 5.5 3区 管理学 Q1 BUSINESS
Dionysia Katelouzou, Yanqiu Ren, Marti Sagarra
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引用次数: 0

摘要

研究问题/问题在这篇对1983-2021年股东行动主义文献的文献计量学综述中,我们追求两个目标。首先,我们调查了该领域的跨学科程度,其次,我们仔细审查了出版趋势,基础知识,核心主题和新兴主题趋势,探索股东行动主义研究的轨迹,并为未来的学者提供了路线图。研究成果/见解对1055篇学术著作的系统分析显示,尽管学科孤岛仍然存在,但显著增长和跨学科趋势。股东行动主义正在超越传统的公司层面的财务动机,包括以可持续发展为导向的目标,将环境和社会目标与公司治理问题和财务利益相结合。这一转变表明,不同的维权行动者、策略和动机更广泛地参与进来,并高度重视股东维权的长期影响。为了抓住这种复杂性,我们提倡强调参与者、目标、策略和结果之间错综复杂的相互关系的研究,鼓励对理论和方法方法进行重新定义。我们的分析强调了在股东行动主义研究中需要更多的跨学科参与,并强调了主题、地区和理论的不断扩大。随着学术界对以可持续发展为导向的股东行动主义的兴趣日益浓厚,司法上的细微差别,以及指数基金和个人投资者等新的行动主义参与者的出现,我们预计理论和方法将继续多样化。政策制定者和实践者应该对股东行动主义采取全面的方法,考虑到所涉及的多方面的行动者、目标和策略。对维权行为结果的评估应考虑到公司、市场和宏观层面的财务和非财务影响。
本文章由计算机程序翻译,如有差异,请以英文原文为准。

A Bibliometric Analysis of Four Decades of Shareholder Activism Research

A Bibliometric Analysis of Four Decades of Shareholder Activism Research

Research Questions/Issue

In this bibliometric review of shareholder activism literature spanning 1983–2021, we pursue two objectives. Firstly, we investigate the degree of interdisciplinarity in the field, and second, we scrutinize publication trends, foundational knowledge, core topics, and emerging thematic trends, exploring the trajectory of shareholder activism research over time and providing a roadmap for future scholars.

Research Findings/Insights

Systematic analysis of 1055 scholarly works reveals significant growth and a trend toward interdisciplinarity, though disciplinary silos persist. Shareholder activism is evolving beyond traditional, firm-level financial motivations to include sustainability-oriented goals, blending environmental, and social objectives with corporate governance concerns and financial interests. This shift signals broader engagement by diverse activist actors, strategies, and motivations, with a heightened emphasis on the long-term impact of shareholder activism. To capture this complexity, we advocate for research that emphasizes the intricate interrelationships among actors, objectives, strategies and outcomes, encouraging a redefinition of theoretical and methodological approaches.

Theoretical/Academic Implications

Our analysis underscores the need for greater interdisciplinary engagement in shareholder activism research and highlights an expanding scope of topics, regions and theories. With growing scholarly interest in sustainability-oriented shareholder activism, jurisdictional nuances, and the emergence of new activist actors like index funds and individual investors, we anticipate continued theoretical and methodological diversity.

Practitioner/Policy Implications

Policymakers and practitioners should adopt a holistic approach to shareholder activism, considering the multifaceted actors, objectives, and strategies involved. Evaluations of activist outcomes should account for both financial and non-financial impacts at the firm-, market-, and macro-levels.

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来源期刊
CiteScore
7.00
自引率
11.30%
发文量
79
期刊介绍: The mission of Corporate Governance: An International Review is to publish cutting-edge international business research on the phenomena of comparative corporate governance throughout the global economy. Our ultimate goal is a rigorous and relevant global theory of corporate governance. We define corporate governance broadly as the exercise of power over corporate entities so as to increase the value provided to the organization"s various stakeholders, as well as making those stakeholders accountable for acting responsibly with regard to the protection, generation, and distribution of wealth invested in the firm. Because of this broad conceptualization, a wide variety of academic disciplines can contribute to our understanding.
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