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- W3152332842 abstract "We study the relative effectiveness of exit (divestment and boycott) and voice (engagement) strategies in promoting socially desirable outcomes in companies. We show that in a competitive world exit is less effective than voice in pushing firms to act in a socially responsible manner. Furthermore, we demonstrate that individual incentives to join an exit strategy are not necessarily aligned with social incentives, whereas they are when well-diversified investors are allowed to express their voice. We discuss what social and legal considerations might sometimes make exit preferable to voice." @default.
- W3152332842 created "2021-04-13" @default.
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- W3152332842 date "2020-01-01" @default.
- W3152332842 modified "2023-09-27" @default.
- W3152332842 title "Exit vs. Voice" @default.
- W3152332842 hasPublicationYear "2020" @default.
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