RESEARCH ARTICLE
Shareholder activism, divestment, and sustainability
Yun Shen,
Martina Linnenluecke,
Tom Smith,
Yun Shen
The Centre for Climate Risk and Resilience, UTS Business School, University of Technology Sydney, Sydney, NSW, Australia
Search for more papers by this authorMartina Linnenluecke
The Centre for Climate Risk and Resilience, UTS Business School, University of Technology Sydney, Sydney, NSW, Australia
Search for more papers by this authorCorresponding Author
Tom Smith
Department of Applied Finance, Macquarie Business School, Macquarie University, Sydney, NSW, Australia
Correspondence
Tom Smith, Department of Applied Finance, Macquarie Business School, Macquarie University, Sydney, NSW, Australia.
Email: [email protected]
Search for more papers by this authorYun Shen,
Martina Linnenluecke,
Tom Smith,
Yun Shen
The Centre for Climate Risk and Resilience, UTS Business School, University of Technology Sydney, Sydney, NSW, Australia
Search for more papers by this authorMartina Linnenluecke
The Centre for Climate Risk and Resilience, UTS Business School, University of Technology Sydney, Sydney, NSW, Australia
Search for more papers by this authorCorresponding Author
Tom Smith
Department of Applied Finance, Macquarie Business School, Macquarie University, Sydney, NSW, Australia
Correspondence
Tom Smith, Department of Applied Finance, Macquarie Business School, Macquarie University, Sydney, NSW, Australia.
Email: [email protected]
Search for more papers by this authorAbstract
This paper provides a systematic review of the literature pertaining to shareholder activism, divestment, and sustainability. Since the early 2000s, scholars have been engaged in research to better understand shareholder activism and firm divestment. By conducting a state-of-the-art literature review, we identify the 40 most influential publications in the field and find that they can be divided into two distinct themes. We review each of these to identify the main contributions in these research areas. With a highlight on possible pathways for future research, we outline these emerging trends to integrate existing knowledge and provide suggestions for innovative research opportunities to expand the research frontier.
Open Research
DATA AVAILABILITY STATEMENT
Data supporting this study is openly available through the Web of Science data repository.
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