“Liberal Elite” CEOs and Corporate Social Activism

Maks-Solomon, Cory. 2020. “‘Liberal Elite’ CEOs and Corporate Social Activism.” Working paper.

• Online appendices available here.
• Previous draft of the paper, which served as my job market paper is available here, and its appendix is available here.

Corporate social activism–firms taking liberal policy stances on some of the most controversial issues of the day–has been increasing steadily since 2008.

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Why Do Corporations Engage in LGBT Rights Activism?

Maks-Solomon, Cory, and Josiah Mark Drewry. “Why Do Corporations Engage in LGBT Rights Activism? LGBT Employee Groups as Internal Pressure Groups.” Business and Politics. Published online ahead of print, September 2, 2020. http://doi.org/10.1017/bap.2020.5.

• This research was presented at the 2018 APSA annual conference, the winter 2019 NCAPSA workshop, and the 2019 AOM annual conference.
• In the Social Issues in Management section of the 2019 Academy of Management Annual Meeting, this paper received the Best Student Paper Award.
• Pre-publication draft of the paper is available here. And the appendix is available here.
• Replication files (zipped) are available here.

Companies with LGBT employee resource groups (ERG) are more likely to engage in LGBT rights activism. However, this relationship is conditional upon employee education: only in highly-educated workforces are LGBT employees willing and able to use their ERGs to convince managers to engage in activism.

Investor Reaction to Corporate Activism

Maks-Solomon, Cory. 2020. “Investor Reaction to Corporate Activism: A Stock Market Event Study of LGBT Rights and Immigration Activism.” Peer-reviewed paper presented at the virtual Annual Meeting of the Academy of Management.