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Autori
Esposito De Falco, Salvatore
Cucari, Nicola
Carbonara, Sergio

Titolo
Shareholder engagement e co-creation: un'analisi su un campione di imprese quotate
Periodico
Sinergie
Anno: 2018 - Volume: 36 - Fascicolo: 106 - Pagina iniziale: 41 - Pagina finale: 59

Purpose of the paper: The paper analyzes and interprets the shareholder engagement as a means of co-creation of value and aims to verify whether it could encourage a greater flow of information within the firm, creating the foundations for a shared government. Methodology: This study has an exploratory approach; the scholars used a phenomenological approach to test a sample of 44% of Italian companies to large and mid-cap. The data used refer to the years 2014/2016 and report the degree of dissent by minority shareholders with respect to the proposals in shareholder meetings and in particular with regard to remuneration policies. Findings: Results show that the continuous shareholder engagement reduces the degree of dissent by minority towards business decisions, with regard to decisions relating to the remuneration policies. Research limits: The paper used a sample of 44% of Italian companies to large and mid-caps listed. It would be desirable, in the future, expand the survey to a sample of international companies, operating in different contexts. Practical implications: The paper provides information on the operation and effectiveness of the actions and policies of engagement by providing useful practical guidance on the effectiveness of proxy solicitors and on a “new role” of the Annual General Meeting. Originality of the paper: In studies on corporate governance, the co-creation of value approach has not found a specific epistemological framework. In this work, however, we have tried to reinterpret the shareholder engagement as a co-creation tool.



SICI: 0393-5108(2018)36:106<41:SEECUS>2.0.ZU;2-P
Testo completo: https://ojs.sijm.it/index.php/sinergie/article/view/238/5

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