Mackey, Tyson B.; Mackey, Alison; Christensen, Lisa Jones; … - In: Journal of business ethics : JBE 175 (2022) 1, pp. 59-73
responsible behavior, either through positive/reward tactics or negative/punishment tactics. This paper considers how investors … creating a socially responsible investment fund (reward contest) or punish firms via shareholder activism (punishment contest …). We identify conditions under which the punishment contest induces a higher level of CSR activity among firms compared to …