Corporate boards with street smarts? How diffuse street protests indirectly shape corporate governance (Record no. 525587)

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Personal name Zhang, Muhan, Briscoe, Forrest and DesJardine, Mark R.
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Title Corporate boards with street smarts? How diffuse street protests indirectly shape corporate governance
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Place of publication, distribution, etc Administrative Science Quarterly
300 ## - PHYSICAL DESCRIPTION
Extent 68(4), Dec, 2023: p.1056-1093
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Summary, etc Though recent waves of large-scale street protests have not directly targeted the business sector, they can still represent a major development in a company’s external environment. Building on the literature on community embeddedness, this study extends activism-as-information theory to understand how and when companies respond to street protests that take place in their communities. We argue that for business leaders, the scale of protests serves as an information update regarding the changing relevance of the protested social issue in a community. Using data from 2017 to 2020 on Women’s March protests in the United States, we show that the scale of street protests in local communities is associated with the likelihood of subsequent female director appointments for corporations headquartered in those communities: larger-scale protests are associated with a higher likelihood of such appointments. Further, we show that this response to proximal protests is heightened for protests that occur in local communities least aligned with the protest movement and for companies least internally aligned with the protest goals. Our theory and findings extend research on social movements in markets, showing how and why organizations respond to diffuse community protests, and they enrich corporate governance research on the roles of communities and stakeholders in shaping board composition.- Reproduced

https://journals.sagepub.com/doi/full/10.1177/00018392231199717
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Main entry heading Administrative Science Quarterly
906 ## - LOCAL DATA ELEMENT F, LDF (RLIN)
Subject DIP CORPORATE GOVERNANCE
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Item type Articles
Holdings
Withdrawn status Lost status Source of classification or shelving scheme Damaged status Not for loan Permanent location Current location Date acquired Serial Enumeration / chronology Barcode Date last seen Koha item type
          Indian Institute of Public Administration Indian Institute of Public Administration 2024-03-26 68(4), Dec, 2023: p.1056-1093 AR131356 2024-03-26 Articles

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