research topics

Research Topic: Exploring the Landscape of CEO Activism: Antecedents, Consequences,
and Implications for Corporate Governance
Explanation: This study aims to deepen our understanding of the phenomenon of CEO
activism, where top executives publicly engage in political, social, and environmental issues.
It seeks to investigate the various factors influencing the nature and style of CEO activism,
examining dimensions at the individual level of the CEO, the composition and dynamics of
the board of directors, the broader company context, and industry-specific influences.
Furthermore, the research will address the impacts of CEO activism on corporate governance,
organizational strategies, and the achievement of both financial and social objectives. By
encouraging a diverse range of theoretical perspectives and methodological approaches, this
special issue aims to generate new insights that can contribute to both academic literature and
practical applications in corporate settings.
Research Topic: Sustainable Corporate Governance for Long-Term Value Creation: A

Stakeholder-Centric Approach
Explanation: This study explores the principles and practices of sustainable corporate
governance that prioritize long-term value creation over immediate financial gains. It
examines how companies can integrate stakeholder interests—including those of employees,
customers, suppliers, and the community—into their business strategies to foster sustainable
growth. By analyzing the relationship between stakeholder engagement, sustainability
practices, and corporate resilience, this research aims to uncover the pathways through which
organizations can achieve enduring success. The study will also investigate the implications
of sustainable governance on financial performance, reputation, and overall organizational
effectiveness, contributing to the growing discourse on responsible business practices in the
21st century.
In line with Zimbabwe is open for business and Vision 2023
build on existing research about the role of foreignness or institutional origin for investors
(e.g., Desender et al., 2016; Kavadis & Castañer, 2014; Kim et al., 2019), executives (e.g.,
Dauth et al., 2017; Nielsen & Nielsen, 2011), and directors (e.g., Hooghiemstra et al., 2019),
as well as other characteristics such as gender (e.g., Kiefner et al., 2022), on a variety of
organizational decisions, and in particular on sustainability-related decisions.
As sustainability and value creation that aligns with sustainability imperatives may be
subjected to perceptions about “best practices” across counties and diffusion, international
business actors can have an influence on the (national) paths towards sustainable value
creation, when interacting with local stakeholders, including the firms that they engage with.
 Do different foreign owners affect the ways invested corporations deal with
sustainable value creation imperatives, and if so, do they differ in their ways and
degree of influence?
 What are the processes or channels through which different foreign investors and/or
other stakeholders intervene in sustainable value creation decisions and policies?
 What is the role of corporate sustainability policies in equity capital attraction and
retention across countries?
 Do transferred sustainability practices across countries are substantially implemented

or symbolically adopted, and what could explain such differences? For example, do
financial or social status factors of international actors play a role?
 What boundary conditions may influence headquarters-subsidiaries’ interactions in

the pursuit of sustainable value creation, and how such influences might differ?
Another area of research
Furthermore, the dearth of research dealing with the extent to which host country contexts
can be a source of change in the objectives of internationally operating investors and other
multinationals, as well as their home countries, seems to be thinner (see, e.g., Han et al.,
2019, for an exception). Yet, sustainability and the imperative for sustainable value creation
can circulate through various conduits across countries. Business organizations, institutional
investors, governments, individuals such as board directors and top executives of
multinationals are likely to have a professional activity that spans national boundaries, learn
and incorporate insights from various horizons, and convey them across boundaries. The
study of emerging countries (e.g., Oehmichen, 2018; Soundararajan et al., 2023; Young et al.,
2008) that have been often studied as host countries, may add interest in such research
endeavors.
 Do host countries differ in terms of diffusing sustainable value creation practices and
how?
 Do international business actors differ in terms of serving as conduits for transferring

sustainable practices across borders?
 How do internationally operating investment firms manage multiple and

heterogeneous demands from different countries in terms of sustainability?
 Is there convergence across the world in terms of sustainability decisions and

sustainable value creation, and do internationally operating actors play a significant
role in this regard? If so, which ones are the most impactful?
 What is the role and influence of integrating environmental experts in boards and top
management teams, in sustainability-related decision-making processes?
 What is the role of host country institutions (e.g., regulation, board models) in
enabling, constraining or changing the implementation of different foreign-originated
sustainability practices, and to what extent do these serve as models for home
countries?
 Are there significant differences in terms of sustainability-related interactions

between actors from developed and emerging economies, compared to other
configurations (e.g., developed-developed) and do such differences affect host-to-
home influences?
 Does culture and informal institutions in host countries play a role in affecting
sustainable value creation practices in home countries?
 Do, and if so through what processes or channels, host country subsidiaries influence
multinationals’ home countries sustainable value creation practices? Are there
differences that matter in those processes and according to what criteria?

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Research Topic: Exploring the Landscape of CEO Activism: Antecedents, Consequences,

and Implications for Corporate Governance

Research Topic: Sustainable Corporate Governance for Long-Term Value Creation: A

In line with Zimbabwe is open for business and Vision 2023

 Do transferred sustainability practices across countries are substantially implemented

 What boundary conditions may influence headquarters-subsidiaries’ interactions in

Another area of research

 Do international business actors differ in terms of serving as conduits for transferring

 How do internationally operating investment firms manage multiple and

 Is there convergence across the world in terms of sustainability decisions and

 Are there significant differences in terms of sustainability-related interactions

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