English, Article edition: SOUTH AFRICAN DISINVESTMENT: CAUSES AND EFFECTS BERNARD FEIGENBAUM; ANTON D. LOWENBERG

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Bookmark: http://trove.nla.gov.au/version/185343
Physical Description
  • article
Language
  • English

Edition details

Title
  • SOUTH AFRICAN DISINVESTMENT: CAUSES AND EFFECTS
Author
  • BERNARD FEIGENBAUM
  • ANTON D. LOWENBERG
Physical Description
  • article
Notes
  • Divestment pressure is one channel through which those interest groups opposing apartheid have attempted to induce U.S. firms to withdraw from South Africa. This paper investigates empirically the relationship between stockholder influence, disinvestment, and the behavior of South Africa-active firms. The paper finds that if institutional investors hold a large proportion of a firm's shares, then that firm will be induced to participate in fair employment and social programs to benefit its black labor force. However, the same "socially responsible" firm is also more likely to disinvest-leaving a less progressive employer in its place. Copyright 1988 Western Economic Association International.
  • RePEc:bla:coecpo:v:6:y:1988:i:4:p:105-117
Language
  • English
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