{"id":90491,"date":"2009-11-19T09:00:00","date_gmt":"2009-11-19T14:00:00","guid":{"rendered":"http:\/\/www.ssireview.org\/articles\/entry\/research_shareholders_nudge_companies\/"},"modified":"2009-11-19T09:00:00","modified_gmt":"2009-11-19T14:00:00","slug":"research-shareholders-nudge-companies","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/90491","title":{"rendered":"Research: Shareholders Nudge Companies"},"content":{"rendered":"<p>The Dow Chemical Co. and Exxon Mobil Corp. got theirs. So did ConocoPhillips Co., International Paper Co., Weyerhaeuser Co., and Monsanto Co. Between 2004 and 2006, these companies received resolutions from shareholders pressing them to take better care of the environment. And then between 2006 and 2007, these businesses indeed made at least one eco-friendly move: They shared data with the Carbon Disclosure Project (CDP), a London-based NGO that compiles and publicizes the largest database of corporate greenhouse gas emissions in the world. These corporations\u2019 tales are part of a larger trend, report Erin M. Reid and Michael W. Toff el of Harvard Business School. \u201cWe find that if a [Standard &amp; Poor\u2019s (S&amp;P)] 500 company had a shareholder resolution in its recent past,\u201d says Toffel, \u201cit was more likely to disclose to the CDP.\u201d The researchers also find that shareholder resolutions have a spillover effect: If one firm gets an environmental proposal from a stockholder, the rest of the firms in its industry become more likely to comply with the CDP. \u201cMost of these resolutions initially lose, and lose big,\u201d notes Toff el. \u201cManagers don\u2019t like to be told how to behave by shareholder activists.\u201d But within a few\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Dow Chemical Co. and Exxon Mobil Corp. got theirs. So did ConocoPhillips Co., International Paper Co., Weyerhaeuser Co., and Monsanto Co. Between 2004 and 2006, these companies received resolutions from shareholders pressing them to take better care of the environment. And then between 2006 and 2007, these businesses indeed made at least one eco-friendly [&hellip;]<\/p>\n","protected":false},"author":544,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-90491","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/90491","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/544"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=90491"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/90491\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=90491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=90491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=90491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}