Arbeitspapier
Walk the talk: Shareholders' soft engagement at annual general meetings
The right to ask questions and voice their opinions at annual general meetings (AGMs) represents one of the few avenues for shareholders to communicate directly and publicly with the firm's management. Examining AGM transcripts of U.S. companies between 2007 and 2021, we find that shareholders actively express their concerns about environmental, social and governance (ESG) issues in accordance with their specific relationship with the company. Further, they are also demonstrably more vocal about ESG issues at AGMs of firms with poor sustainability performance. What is more, we show that this soft engagement translates into a more negative tone which, in turn, results in lower approval rates for management proposals. Shareholders' soft engagement at AGMs is hence an effective way to "walk the talk".
- Sprache
-
Englisch
- Erschienen in
-
Series: CFS Working Paper Series ; No. 689
- Klassifikation
-
Wirtschaft
Pension Funds; Non-bank Financial Institutions; Financial Instruments; Institutional Investors
Mergers; Acquisitions; Restructuring; Voting; Proxy Contests; Corporate Governance
Corporate Finance and Governance: Other
- Thema
-
shareholder engagement
annual general meeting
ESG
textual analysis
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Auzepy, Alix
Bannier, Christina E.
Martin, Fabio
- Ereignis
-
Veröffentlichung
- (wer)
-
Goethe University Frankfurt, Center for Financial Studies (CFS)
- (wo)
-
Frankfurt a. M.
- (wann)
-
2023
- Handle
- URN
-
urn:nbn:de:hebis:30:3-681456
- Letzte Aktualisierung
- 10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Auzepy, Alix
- Bannier, Christina E.
- Martin, Fabio
- Goethe University Frankfurt, Center for Financial Studies (CFS)
Entstanden
- 2023
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CHAPTER III. The General Meeting of Shareholders.
Annual report for the year ... and report of proceedings of the annual meeting of shareholders .... 14. 1894 (1895)
Address of Governor Matsuo, delivered at the Semi-Annual Meeting of Shareholders on Februry 18th, 1905
Address of Governor Matsuo, delivered at the Semi-Annual Meeting of Shareholders on February 20th, 1904
Address of Governor Matsuo, delivered at the Semi-Annual Meeting of Shareholders on February 15th, 1908
Address of Governor Matsuo, delivered at the Semi-Annual Meeting of Shareholders on February 17th, 1906
Address of Governor Matsuo, delivered at the Semi-Annual Meeting of Shareholders on February 16th, 1907
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Annual Meeting.
Walk the talk: shareholders' soft engagement at annual general meetings
Do shareholders vote strategically? : evidence on the advisory role of annual general meetings
77th Annual General Meeting of Shareholders. Report of Proceedings 1958, Montreal 1958: Canada (Druck)
CHAPTER III. The General Meeting of Shareholders.
Annual report for the year ... and report of proceedings of the annual meeting of shareholders .... 14. 1894 (1895)
Address of Governor Matsuo, delivered at the Semi-Annual Meeting of Shareholders on Februry 18th, 1905
Address of Governor Matsuo, delivered at the Semi-Annual Meeting of Shareholders on February 20th, 1904
Address of Governor Matsuo, delivered at the Semi-Annual Meeting of Shareholders on February 15th, 1908
Address of Governor Matsuo, delivered at the Semi-Annual Meeting of Shareholders on February 17th, 1906
Address of Governor Matsuo, delivered at the Semi-Annual Meeting of Shareholders on February 16th, 1907
Address of Governor Yamamoto, delivered at the Semi-Annual Meeting of the Shareholders on February 15th, 1903