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| M.A. Thesis |
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| Disinvestment Campaigns: A Study of NGO Attempts to Shape the Behavior of Multinational Oil & Gas Companies |
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| Abstract: This paper explores and analyzes a number of variables considered to be influential in the outcome of disinvestment campaigns. Disinvestment campaigns are defined as organized efforts to force a multinational corporations (MNC) to see its investment in a specific operation or to discontinue the operation. The paper examines the relationship between three variables - the level of institutional ownership, the level of inside owndership and the significance of a targeted operation to its parent firm - and a company's proclivity to disinvest in the face of public pressure. Case studies of two disinvestment campaigns, targeting three companies, Unocal, Texaco and Talisman, are examined. The findings from the case studies contrast the relative levels of the variables hypothesized to be influential a disinvestment campaign's efficacy in changing firm behavior. Firm ownership is found not to impact on the outcome of disinvestment campaigns. The findings suggest that profit maximization is an integral consideration for MNCs while noting that other factors, such as political risk and significant shareholder divestment,may also have an impact on the behavior of multinational oil and gas firms. |
| email: . ph: canada |
| Click Here to Download Table of Contents [.pdf] Chapters 1-6 and Bibliography [.pdf] |
| by Terence Bell |