¿Nuevas formas de gobierno empresarial? Activismo e influencia de terceras partes interesadas en la información económico-financiera

Beatriz García-Osma; Cristina Grande-Herrera

doi:10.18543/bee.2561

Beatriz García-Osma Universidad Carlos III de Madrid, Spain https://orcid.org/0000-0002-6600-8342
Cristina Grande-Herrera Bayes Business School. City, University of London, United Kingdom https://orcid.org/0000-0002-9360-1504

Keywords: influence, corporate governance, stakeholders, economic and financial information users

Abstract

Activism has recently emerged as a potential new corporate governance mechanism for companies. While the influence of stakeholders as interested third parties, and particularly, of institutional investors, is still limited in Europe, their growing role in other countries is suggestive of great future importance. This paper provides a panoramic review of academic literature on this recent phenomenon, focusing on how activism influences the economic and financial information prepared by companies. We conclude by providing several reflections on possible implications for practitioners and regulators.

Received: 16 September 2022
Accepted: 26 September 2022

Author Biography

Beatriz García-Osma, Universidad Carlos III de Madrid, Spain

Catedrática de Universidad en el Departamento de Economía de la Empresa de la Universidad Carlos III de Madrid, Research Member del ECGI y profesora visitante en Stockholm School of Economics. Previamente, fue profesora Titular de Universidad en la Universidad Autónoma de Madrid y Marie Curie pre- y post-doctoral fellow en la Universidad de Lancaster, donde obtuvo su doctorado en Economía Financiera y Contabilidad. Su investigación se centra en el estudio de la calidad de la información financiera, gobierno corporativo y la relación entre la información financiera y los mercados de capitales. Beatriz ha publicado su investigación en revistas nacionales e internacionales de prestigio, y ha participado y dirigido numerosos proyectos de investigación. Su docencia se centra en las áreas de Contabilidad Financiera, Valoración de Empresas y Análisis de Estados Financieros. Fue la representante de España en el Board de la European Accounting Association (EAA), entre 2014 y 2020 y miembro del Management Committee de la EAA entre 2014 y 2017. Es editora de la European Accounting Review (2020-2023) y fue editora de la Revista Española de Financiación y Contabilidad, y miembro del editorial panel de diversas revistas.

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Novel mechanisms of corporate governance? Activism and the influence of stakeholders over financial information

Abstract

Author Biography

References