The deterrent effect of minority shareholder activism on tunnelling: the moderating roles of corporate social responsibility and governance quality

Key Points

• The research aims to examine the impact of minority shareholder activism on tunnelling and the roles of corporate social responsibility and governance quality.
• Analyzed the relationship between minority shareholder activism and tunnelling.
• Investigated the moderating effects of corporate social responsibility.
• Assessed governance quality measures and their influence on the outcomes.
• Minority shareholder activism significantly reduces tunnelling activities.
• Higher corporate social responsibility levels enhance the effectiveness of shareholder activism.
• Strong governance quality further mitigates tunnelling risks.