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Over‐riding accusations

Contexts of corporate responses to stockholder proxy resolutions∗

Bibliographic Data

ID7280183
AuthorsAlbert E Mccormick (Middle Georgia State College), Frederick P Zampa
Year1990
Volume11
Issue2
Pages175-193
Publication date1990-04-01
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueDeviant Behavior (JOURNAL)
Journal identifiersISSN: 0163-9625 • E-ISSN: 1521-0456
PublisherTaylor & Francis (PUBLISHER • GB)
DOI10.1080/01639625.1990.9967841
OpenAlexW2008146985
LanguageEN
Citations received3
References cited31

We view dissident stockholder‐initiated proxy resolutions as accusations of wrongdoing and incompetence toward which corporate managers cannot remain passive. To investigate managerial response patterns, we gathered 201 stockholder proposals contained in the proxy statements of 626 major public companies. Content analysis of corporate responses revealed the use of numerous techniques of neutralization. The opportunity for and appropriateness of particular defenses were determined by situational elements associated with each accusation, including perceived threat to management interests, resources available in the corporate environment, the status of the accuser, and dictates of corporate ideology. The interplay of these factors explains why some available response patterns are used more frequently or more rarely than others. Interestingly, we found that ideological questions posed by accusations were solved through “over‐ride,” an argumentative strategy of self‐interest which is made possible by the contradictory nature of corporate ideology

Business · Corporate governance · Economics · False accusation · Ideology · Law and economics · Political science · Politics · Proxy (statistics · Public relations · Shareholder · Wrongdoing · Auditing, Earnings Management, Governance · Computer Science · Corporate Social Responsibility Reporting · Law · Management and Organizational Studies · Accounting

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Unique citing works3
Citations per year0,12
Citation span2001 - 2017 (17)
Citation velocityhistorical
Highly citedNo
Citation typesNeutral: 3

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