Institutional Investor Activism and Employee Safety: The Role of Activist and Board Political Ideology

2021 ◽  
Author(s):  
Wei Shi ◽  
Chongwu Xia ◽  
Philipp Meyer-Doyle

Although prior research on shareholder activism has highlighted how such activism can economically benefit the shareholders of targeted firms, recent studies also suggest that shareholder activism can economically disadvantage nonshareholder stakeholders, notably employees. Our study extends this research by exploring whether shareholder activism by institutional investors (i.e., institutional investor activism) can adversely affect employee health and safety through increased workplace injury and illness. Furthermore, deviating from the assumption that financially motivated institutional investor activists are homogeneous in their goals and preferences, we investigate whether the influence of institutional investor activism on employee health and safety hinges on the political ideology of the shareholder activist and of the board of the targeted firm. Using establishment-level data, we find that institutional investor activism adversely influences workplace injury and illness at targeted firms and that this influence is stronger for nonliberal shareholder activists and for firms with a nonliberal board. Our study contributes to shareholder activism research by highlighting how the political ideology of shareholder activists and boards affects the impact of shareholder activism on stakeholders and how shareholder activism can adversely affect the health and safety of employees. Furthermore, our paper also contributes to research on workplace safety and the management of employee relations and human capital resources by highlighting the detrimental effect of a firm’s ownership by investor activists on its employees and how the board’s political ideology may enable a firm to reduce this risk.

2012 ◽  
Vol 8 (2) ◽  
Author(s):  
Bob Barnetson

Alberta remains the only Canadian province to exclude agricultural workers from the ambit of its occupational health and safety laws. Consequently, farm workers have no right to know about workplace safety hazards and no right to refuse unsafe work, thereby increasing their risk of a workplace injury. This study uses qualitative content analysis to identify three narratives used by government members of the legislative assembly between 2000 and 2010 to justify the continued exclusion of agricultural workers from basic health and safety rights. These narratives are: (1) education is better than regulation, (2) farms cannot be regulated, and (3) farmers don’t want and can’t afford regulation. Analysis of these narratives reveals them to be largely invalid, raising the question of why government members rely upon these narratives. The electoral rewards associated with maintaining this exclusion may comprise part of the explanation.


2020 ◽  
Vol 39 (3) ◽  
pp. 550-567
Author(s):  
Lynda Crowley-Cyr

This article considers the hazards posed by marine stingers (notably Irukandjis) to recreational divers and snorkelers through the lens of Queensland’s unique workplace health and safety regulatory regime. The sustainability of diving and snorkelling tourism is highly dependent on the quality and safety of the services provided. The regime already contemplates the role of operators, the impact of sting-protective swimwear and other matters. An independent review of the State’s workplace laws in 2017 influenced changes to the law to improve its clarity, enforcement and prosecutions. However, this article argues that in relation to the management of marine stinger risks, with further slight adjustments to enhance clarity and consistency, the regulatory framework could achieve greater effectiveness in terms of compliance. This is important in a harmonised regulatory system. Other jurisdictions in Australia facing dangerous jellyfish hazards can refer to Queensland’s laws as a model of industry standards for the provision of safer recreational water activities. The article concludes with practical recommendations.


2016 ◽  
Vol 26 (1) ◽  
pp. 69-84 ◽  
Author(s):  
PEPIJN CORDUWENER

AbstractThis article studies the political ideology of the Italian political movement Fronte dell'Uomo Qualunque in the light of the problems of party democracy in Italy. The movement existed only for a few years in the aftermath of the Second World War, but the impact of its ideology on post-war Italy was large. The article argues that the party's ideology should be studied beyond the anti-fascist–fascist divide and that it provides a window onto the contestation of party politics in republican Italy. It contextualises the movement in the political transition from fascism to republic and highlights key elements of the Front's ideology. The article then proceeds to demonstrate how the movement distinguished itself from the parties of the Italian resistance and advocated a radical break with the way in which the relationship between the Italian state and citizens had been practiced through subsequent regimes. The way in which the movement aimed to highlight the alleged similarities between the fascist and republican political order, and its own claim to democratic legitimacy, constitute a distinct political tradition which resurfaced in the political crisis of the 1990s.


2020 ◽  
Vol 70 (3) ◽  
pp. 213-228
Author(s):  
Jakob de Haan

AbstractDuring the past decades, central bank independence has been increased in a large number of countries. However, even an independent central bank does not operate in a political vacuum. For instance, governments generally appoint political allies, presuming that consequently the central bank will follow policies that are in line with the governments’ preferences. The first part of this paper reviews recent research on whether the political ideology of the government has any impact on monetary policies pursued. It is argued that if forward-looking data are used to estimate Taylor-rule models for a panel of OECD countries that take country heterogeneity into account, there is no strong evidence for partisan effects on monetary policy. One of the reasons that central bank independence is no longer taken for granted is the acclaimed redistributive effects of monetary policy. The second part of the paper reviews recent research on the impact of conventional and unconventional monetary policy on income and wealth inequality. It is concluded that empirical research provides very mixed evidence on these issues and that it is not well connected to recent theoretical work.


2021 ◽  
Vol 9 (7) ◽  
pp. 1-22
Author(s):  
Genita Gracia Lumintang ◽  
Paulus Kindangen ◽  
Adolfina

The purpose of this research is to examine the impact of organizational characteristics, and individual characteristics on physical environment component, psychosocial component, and behavior component toward workplace safety and health in PT. PLN (Persero) Suluttenggo area. The object of this research is permanent employees or outsourcing employees in PT. PLN (Persero) Suluttenggo Area. Research Design used in this research is survey research, in which the sample collected by distributing questionnaires to 50 permanent employees and outsourcing employees that already worked as work partner of PT. PLN (Persero) Suluttenggo Area. As for the analysis instrument is using partial least squares (PLS). The result shows that organizational characteristic has a positive influence on the components of work environment, either physically or psychosocially; and on behavior as well as the workplace health and safety. On the other hand, individual characteristic doesn’t have an influence. The result of this research also shows that only the individual behavior that has a positive influence on workplace health and safety, while physical work environment does not, meanwhile psychosocial component has a negative influence on workplace health and safety.


2021 ◽  
Vol 6 (166) ◽  
pp. 163-168
Author(s):  
A. Ivashura ◽  
O. Borysenko ◽  
O. Severynov

Nutrition of the employee at work has a huge impact both on his health and labor productivity, and therefore on the financial well-being of the enterprise. But today it is wrong to limit ourselves to these factors. In today's world, it is impossible to separate human health or the well-being of an enterprise from the environmental component. Therefore the eco-consciousness and eco-choice of the worker, including in nutrition as well as carrying out the eco-policy at production is very important. The modern man spends a lot of time at work, so a healthy diet plays an important role for his health. Today healthy nutrition means ecologically conscious or in another way - sustainable. Sustainable healthy eating in the workplace should be seen as a comprehensive initiative. In today's global climate imbalance, it is nutrition awareness and sustainability that will not only improve health and business performance, but also have an impact on mitigating environmental problems. Awareness of sustainable diets and common dietary practices in the workplace are investigated. The impact of nutritional-ergonomic strategies on physical employment standards, workplace safety and productivity is analyzed. A contemporary approach to nutrition based on informed employer choices in the context of nutra-ergonomics adjusted for environmental sustainability is discussed, helping to optimize employee health and well-being. Recommendations for workplace nutrition interventions to normalize weight and improve employee health are discussed, taking into account the current requirements of the sustainability goals. Practical intra-ergonomic sustainable strategies and recommendations for employee workplace nutrition are offered. The company's eco-initiatives in sustainable nutrition for its employees help not only to show concern within the framework of production activities, but also increase the education of citizens in the issues of eco-sustainability in everyday life. This increases the eco-education of the individual, which creates conscious consumption and minimalist views in all areas of life, both for the employee and possibly for his or her environment - family and friends. Investing in nutrition in the workplace is a high return on investment for the employer, which can improve the health of workers, create comfortable working conditions, increase efficiency and productivity in the workplace. It is a direct pathway to achieving the United Nations Sustainable Development Goals (SDGs), in particular SDG 3 (good health and well-being), SDG 8 (decent work and economic growth), SDG 12 (responsible consumption and production).


2021 ◽  
pp. 174804852110290
Author(s):  
Hui Zhao

This study aims to theoretically advance the context-oriented tradition in crisis communication by highlighting the political and technological contexts for understanding organisational crises. Using China as a case, the study proposes a broader analytical framework that investigates the societal contexts’ impact on crisis communication from political and technological domains. The analytical framework includes, first, the examination of the authoritarian regime with a divided power structure as the political context in China. Assessing political ideology, political structure, and political history as political contexts allows for a more comprehensive understanding of the impact of political contexts on crisis communication temporally and structurally; second, the investigation of internet users’ voices in a government-regulated commercial space as the technological context in China. Online participation and internet language thereby emerge as prominent parts of the technological contexts for understanding crisis communication in China. The implications and directions of research are also discussed.


2011 ◽  
Vol 11 (2) ◽  
pp. 173-190 ◽  
Author(s):  
Peter Baehr

We celebrate great writers not only by reconstructing their ideas but also by thinking in their spirit. Many aspects of Raymond Aron’s legacy could, today, be exploited by writers of an Aronian turn of mind. They might draw on his philosophy of history; his defense of the specificity of politics; his acute awareness of the burdens of responsibility imposed on great powers. In this article, I flag a different topic: Aron’s concern with the impact of regimes and local cultures on political discussion. Of special interest to him were state-sponsored ideology and self-induced groupthink (the ‘opium of the intellectuals’). After briefly describing Aron’s views of both of these phenomena within the context of official and unofficial Marxism, I examine two modalities of communicative inhibition that have emerged since his death. Both turn on the emergence of Islamism as a major modern political ideology; both entail impediments to free speech: the vilification of political disagreement as ‘phobic’ and, relatedly, the political use of law (‘lawfare’) to halt debate on matters sensitive to Islamists.


2011 ◽  
Author(s):  
Sean Stevens ◽  
Lee Jussim ◽  
Dave Wilder

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