EXPLAINING DIFFERENCES IN FIRMS' RESPONSES TO ACTIVISM

• 成果类型: Article
• 署名作者: Waldron, Theodore L.; Navis, Chad; Fisher, Greg
• 署名单位: Baylor University; University of Wisconsin System; University of Wisconsin Madison; Indiana University System; Indiana University Bloomington; IU Kelley School of Business
• 刊物名称: ACADEMY OF MANAGEMENT REVIEW
• ISSN/ISSBN: 0363-7425
• DOI: 10.5465/amr.2011.0466
• 发表日期: 2013
• 页码: 397-417
• 关键词: ORGANIZATIONAL IDENTITY THREATS; STRATEGIC CHANGE; MOVEMENT; MODEL; image; legitimacy; reputation; MARKET; management; Mediation

摘要

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.