Corporate Social Responsibility
NGOs Seek Exposure First To Influence Corporate Boardrooms              Â
In new research, Michele Fioretti, Victor Saint-Jean, and Simon Smith show that NGO activism follows a clear economic logic: when NGOs lack visibility, stakeholders do not view them as credible, forcing them to rely on high-profile campaigns during annual shareholder meetings. However, these actions generate attention but rarely influence decisions. As NGOs gain recognition, they can campaign earlier, when votes are still open, and meaningfully sway shareholders and change corporate behavior.
How Rising Corporate Market Power Undermines Democracy Â
In new research, Seda Basihos investigates the relationship between a decline in market competition and global democratic backsliding. She finds that market concentration leads to increasing political power for giant firms—a trend that ultimately erodes democracy levels.
The Costs of India’s Mandatory Corporate Social Responsibility Rule
In new research, Jitendra Aswani finds that India’s mandatory corporate social responsibility contribution for large firms increased corporate borrowing costs, but transparency and clear communication to investors about these contributions reduced the additional costs.
