This paper examines whether -- in the absence of mandated disclosure requirements -- shareholder activism can elicit greater disclosure of firms' exposure to climate change risks. We find that environmental shareholder activism increases the voluntary disclosure of climate change risks,...

The doctrine of Enlightened Shareholder Primacy (ESP) rejects the profit maximization focus in corporate governance. Its emergence helps company management to relate moral arguments associated with justice, fairness, and communitarianism with corporate self-regulation to reach an optimal welfare...

This article examines the emergence and evolution of selected ranking and reporting frameworks in the expanding realm of business and human rights advocacy. It explores how indicators in the form of rankings and reports evaluating the conduct of transnational corporate actors can serve as...

Die Verwerfungen am Kapitalmarkt anlässlich des Internetbooms zeigten, dass sich der Wert von Unternehmen innerhalb kürzester Zeit stark ändern kann. Das Vertrauen von Investoren wurde dabei als ein wesentlicher Einflussfaktor angesehen. Die gängige Kapitalmarkttheorie und gebräuchliche...