Explaining differences in firms' responses to activism

Theodore L. Waldron, Chad Navis, Greg Fisher

Research output: Contribution to journalArticlepeer-review

53 Scopus citations

Abstract

Activist campaigns describe efforts to modify socially or environmentally detrimental industry practices by contesting prominent industry members' versions of those practices (i.e., target firms). We adopt a sociocognitive perspective to account for variance in when and how the managers of target and nontarget firms attend to, interpret, and respond to pressure from activists. Overall, we enhance theory by explaining why firms in an industry differ in their reactions to activism, even when they are subject to common campaigns and strategies.

Original languageEnglish
Pages (from-to)397-417
Number of pages21
JournalAcademy of Management Review
Volume38
Issue number3
DOIs
StatePublished - Jul 1 2013

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