Emilio Marti profile picture

Emilio Marti

Professor

Erasmus University Rotterdam
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Netherlands

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Positions (3)

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Thomas Bauwens

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Erasmus University Rotterdam

PhD Position in Sustainability and Management at Rotterdam School of Management

The Business-Society Management department at the Rotterdam School of Management, Erasmus University Rotterdam, invites applications for a fully-funded PhD position in the area of sustainability and management. This unique opportunity allows the successful candidate to define and pursue their own research topic within the department’s broad expertise, which encompasses the challenges faced by society and the natural environment, and how organisations can address these challenges. Potential research topics include systems and resilience thinking, sustainability in multinational enterprises and global value chains, corporate communication, sensemaking, social innovation, business ethics, philanthropy, alternative organisational and governance forms (such as social enterprises, commons, and cooperatives), corporate social (ir)responsibility, organisational stigma, stakeholder management, and aligning corporate value propositions with societal issues. The department is known for its collegial and diverse environment, with faculty who are world-class, multidisciplinary scholars publishing in top journals and engaging in innovative teaching and research. PhD students are expected to become experts in their chosen topic, develop a research agenda, and produce work suitable for publication in leading academic journals. The program offers comprehensive training through courses, seminars, and close supervision, as well as opportunities to collaborate with faculty from other departments and universities. The position includes full employment as a university employee, with a competitive salary and benefits according to the Dutch university collective agreement. Additionally, PhD candidates receive funding for a 3- to 6-month research visit at a top international university, further strengthening their academic network. Applicants should hold or be near completion of a master’s degree in business, management, sociology, economics, psychology, or a related field, and should demonstrate methodological skills and a passion for research on sustainable development. The department values creativity, self-direction, and a commitment to addressing grand societal challenges through rigorous academic inquiry. The application process requires submission of all documents specified by ERIM, including a cover letter outlining the preferred research topic, methods, and potential supervisory team. The deadline for applications is 15 January 2026. For more information, candidates are encouraged to consult the department’s web pages and the ERIM journals list. The university is committed to equity, inclusion, and diversity, and welcomes applicants from all backgrounds.

7 months ago

Articles (1)

The Corporate Opportunity Structure for Shareholder Activism: How Activist Hedge Funds Exploit Board Demographic Diversity

Inspired by research on social movements, we extend the idea that activists look for opportunities to target firms to the realm of financially motivated shareholder activists. Focusing on activist hedge funds, we argue that hedge fund campaigns are more likely to succeed when boards are slow and less united and that, compared with more homogeneous boards, demographically diverse boards tend to act more slowly and with less unity. Although these attributes make demographically diverse boards more effective under “normal” circumstances, they become a liability in confrontations with activist hedge funds. We, therefore, hypothesize that when subject to governance and performance problems, firms become more likely targets of activist hedge funds when they also have demographically diverse boards. To further probe our theory, we explore the opportunity recognition of activist hedge funds in two ways. First, we posit that this opportunity will be recognized and exploited primarily by experienced activist hedge funds. Second, we argue that activist hedge funds’ opportunity recognition is correct in so far that demographically diverse boards respond to activism campaigns in ways that are likely to benefit activist hedge funds. Using data on United States-based activism campaigns, we find support for our theory. By simultaneously studying problems and opportunities, this study establishes a foundation for examining when the disciplinary effect of shareholder activism may go awry and reveals why a strict business case for demographic diversity may be insufficient to align all shareholders behind board diversity. Supplemental Material: The online appendix is available at https://doi.org/10.1287/orsc.2023.1679 .

Year:

2024

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