Faculty Directory

Bio

Mark DesJardine is a CFA charterholder and focuses on issues related to strategy, sustainability, and finance, with a specific focus on shareholder activism. His primary focus is on understanding how investors shape the sustainability of companies and their actions toward other stakeholders. Through his research, Mark helps managers and shareholders better navigate complex issues related to business strategy and sustainability. His work has been widely published in leading academic journals and covered in the media, including Reuters, the New York Times, Bloomberg, Forbes, and the Financial Times. He has won numerous awards for his research, including multiple best-paper awards and emerging-scholar awards, most notably for research impact. Mark serves on the editorial boards of several top academic journals and is associate/program chair of the Stakeholder Interest Group of the Strategic Management Society. He is a member of Tuck’s Strategy research group.

Working Papers

• “The CSR Strategies of Activist Shareholders”
• With W. Shi and T. Werner, “Shareholder Activism and Corporate Political Activity”
• With M. Goranova, “Implications of Passive Shareholders for Shareholder Activism”
• With F. Briscoe and M. Zhang, “How Social Unrest Triggers Corporate Diversity Actions”

Selected Publications

• With M. Zhang and F. Briscoe, “Corporate Boards with Street Smarts? How Diffuse Street Protests Indirectly Shape Corporate Governance,” Administrative Science Quarterly, in-press
• With W. Shi and X. Cheng, “The New Invisible Hand: How Common Owners Use the Media as a Strategic Tool,” Administrative Science Quarterly, in-press
• With K. Chuah, M. Goranova, and W. Henisz, “Shareholder Activism Research: A System-Level View,” Academy of Management Annals, in-press
• With E. Marti and M. Fuchs, “The Impact of Sustainable Investing: A Multidisciplinary Review,” Journal of Management Studies, in-press
• With W. Shi and E. Marti, “The Corporate Opportunity Structure for Shareholder Activism: How Activist Hedge Funds Exploit Board Demographic Diversity,” Organization Science, in-press
• With W. Shi and J. Westphal, “Shareholder Politics: The Influence of Investors’ Political Affiliations on Corporate Social Responsibility,” Journal of Management, in-press
• With J. Grewal and K. Viswanathan, “A Rising Tide Lifts All Boats: The Effects of Common Ownership on Corporate Social Responsibility,” Organization Science, in-press
• With A. Joshi and S. Oh, “A New Perspective on Gender Bias in the Upper Echelons: Why Stakeholder Variability Matters,” Academy of Management Review, in-press
• With W. Shi, “The Downside of Displaying Agentic Values: Evidence from Shareholder Activism,” Organization Science, in-press
• With M. Zhang and W. Shi, “How Shareholders Impact Stakeholder Interests: A Review and Map for Future Research,” Journal of Management, in-press
• With W. Shi, “Under Attack! CEO Implicit Motives and Firm Responses to Short Seller Activism,” Organization Science, 33(3): 991-1017, 2022
• With W. Shi and Z. Sun, “Different Horizons: The Effects of Hedge Fund Activism versus Corporate Shareholder Activism on Strategic Actions,” Journal of Management, 48(7): 1858-1887, 2022
• With E. Marti and R. Durand, “Why Activist Hedge Funds Target Socially Responsible Firms: The Reaction Costs of Signaling Corporate Social Responsibility,” Academy of Management Journal, 64(3): 851–72, 2021
• With W. Shi, “How Temporal Focus Shapes the Influence of Executive Compensation on Risk Taking,” Academy of Management Journal, 64(1): 265–92, 2021
• With R. Durand, “Disentangling the Effects of Hedge Fund Activism on Firm Financial and Social Performance,” Strategic Management Journal, 41(6): 1054–82, 2020
• With P. Bansal, “One Step Forward, Two Steps Back: How Negative External Evaluations Can Shorten Organizational Time Horizons,” Organization Science, 30(4): 761-780, 2019