Corporate Reputation eJournal最新文献

The Valdez Oil Spill, Environmental Impact and Corporate Liability 瓦尔迪兹号油轮泄漏，环境影响和公司责任

Corporate Reputation eJournal Pub Date : 2021-04-10 DOI: 10.2139/ssrn.3882784

H. Satish

引用次数: 0

Leader Member Exchange Leadership Model in Workplaces: A Theoretical Review 工作场所的领导-成员交换领导模式:理论回顾

Corporate Reputation eJournal Pub Date : 2020-09-18 DOI: 10.2139/ssrn.3695319

R. Olaniyan

引用次数: 0

Investor Relations and Stakeholder Communications (IRSC) and Cost of Debt and Equity Capital 投资者关系和利益相关者沟通(IRSC)和债务和股权资本成本

Corporate Reputation eJournal Pub Date : 2020-01-15 DOI: 10.2139/ssrn.3520923

Harjeet S. Bhabra, Sam Kolahgar, Rahul Ravi

{"title":"Investor Relations and Stakeholder Communications (IRSC) and Cost of Debt and Equity Capital","authors":"Harjeet S. Bhabra, Sam Kolahgar, Rahul Ravi","doi":"10.2139/ssrn.3520923","DOIUrl":"https://doi.org/10.2139/ssrn.3520923","url":null,"abstract":"In this study, we examine whether firms’ engagement in Investor Relations and Stakeholder Communication (IRSC) activities reduce the cost of information asymmetry at the time of external financing. We also analyze the intermediary role of financing source (debt vs equity) and the existing level of firm transparency. Measures of IRSC initiatives are frequency of press releases, frequency of events (conferences and meetings, including industry gatherings as well as investment bank seminars), ratio of question and answer portion to the length of events, the average length of answer per question asked during events, and the frequency of slides used in event presentations. Sample includes 1,190 firms listed on S&P1500 index (small, medium, and large-cap firms on NYSE, AMEX, and NASDAQ stock exchanges) from 1999 to 2018. Multiple regression analyses (with robust standard errors) show that press frequency and the portion of question and answer in events have a significant and positive relationship with the cost of financing and event frequency and the average length of answers have a negative association with the cost of financing. Multivariate multiple regression analyses (seemingly unrelated regression models) are used to control for simultaneous effects of debt and equity issue and show that these findings are more pronounced for firms of lower transparency who are going to issue equity compared to firms of higher transparency who are going to issue debt.","PeriodicalId":369476,"journal":{"name":"Corporate Reputation eJournal","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-01-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121090401","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Institutional Trading around Firms’ Negative ESG Incidents 围绕公司负面ESG事件的机构交易

Corporate Reputation eJournal Pub Date : 2019-11-12 DOI: 10.2139/ssrn.3485411

Lai T. Hoang, Marvin Wee, Joey (Wenling) Yang, Jing Yu

引用次数: 0

Broadcast Media and Asset Prices: The Effect of an Anti-Corruption Message in China 广播媒体与资产价格:反腐信息在中国的影响

Corporate Reputation eJournal Pub Date : 2019-04-01 DOI: 10.2139/ssrn.3640213

M. Conyon, Xi Fu, Meng He, Zhifang Zhang

引用次数: 0

Do CEOs Use the Media for Reputation Management? ceo们会利用媒体进行声誉管理吗?

Corporate Reputation eJournal Pub Date : 2019-03-01 DOI: 10.2139/ssrn.3445987

Ela Ostrovsky-Berman

{"title":"Do CEOs Use the Media for Reputation Management?","authors":"Ela Ostrovsky-Berman","doi":"10.2139/ssrn.3445987","DOIUrl":"https://doi.org/10.2139/ssrn.3445987","url":null,"abstract":"This study aims to investigate whether CEOs use the media as a strategic tool to manage and enhance reputation. This is pursued by examining the tendency of CEOs to provide interviews to the financial press as a reaction to past, present, and future events that influence their reputation. The tendency of CEOs to give press interviews is examined as a function of a set of proxies that are used for gauging CEOs’ reputations: CEO tenure, press coverage, being a CEO appointed from inside/outside of the ﬁrm, and ﬁrm performance during CEO tenure. The results of this paper reveal that the timing of CEOs’ decisions to give interviews is not random and provides evidence that is consistent with the notion that CEOs use the media as a strategic tool to manage and enhance reputation. The author shows that interviews tend to follow positive firm performance, and tend to precede extremely negative firm performance. This behavior is more pronounced for CEOs with lower initial reputation. In addition, low future performance motivates CEOs to give more interviews in advance, which could be an attempt to influence investors' expectations. The paper sheds new light on the selective usage of the media for shaping public perceptions. This study has practical value for both regulators and investors by virtue of analyzing information that is provided via the media.","PeriodicalId":369476,"journal":{"name":"Corporate Reputation eJournal","volume":"232 1-2","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132119132","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Who is Really Managing Reputations? 谁才是真正的声誉管理者?

Corporate Reputation eJournal Pub Date : 2017-11-28 DOI: 10.2139/ssrn.3078867

P. Leoni

引用次数: 0

Dynamic Certification and Reputation for Quality 动态认证，质量信誉

Corporate Reputation eJournal Pub Date : 2017-01-13 DOI: 10.2139/ssrn.2839587

I. Marinovic, Andrzej Skrzypacz, Felipe Varas

引用次数: 27

Promoting a Reputation for Quality 促进质量信誉

Corporate Reputation eJournal Pub Date : 2016-11-16 DOI: 10.2139/ssrn.2845375

Daniel N. Hauser

{"title":"Promoting a Reputation for Quality","authors":"Daniel N. Hauser","doi":"10.2139/ssrn.2845375","DOIUrl":"https://doi.org/10.2139/ssrn.2845375","url":null,"abstract":"A firm builds its reputation not only by investing in the quality of its products, but also by controlling the information consumers can see. I consider a model in which a firm invests in both product quality and in a costly signaling technology in order to build its reputation, the market's belief that its quality is high. The firm influences the rate at which consumers’ receive information about quality: the firm can either promote, which increases the arrival rate of signals when quality is high, or censor, which decreases the arrival rate of signals when quality is low. I study how the firm's incentives to build quality and signal depend on its reputation and current quality. The firm's ability to promote or censor plays a key role in the structure of equilibria. Promotion and investment in quality are complements: the firm has stronger incentives to build quality when the promotion level is high. Costly promotion can, however, reduce the firm's incentive to build quality; this effect persists even as the cost of building quality approaches zero. Censorship and investment in quality are substitutes. The ability to censor can destroy a firm's incentives to invest in quality, because it can reduce information about poor quality products.","PeriodicalId":369476,"journal":{"name":"Corporate Reputation eJournal","volume":"48 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-11-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124410001","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 4

Managing Third-Party Platform Litigation Risk in Crowdfunding: Terms, Pricing, and Reputation 管理众筹中的第三方平台诉讼风险:条款、定价和声誉

Corporate Reputation eJournal Pub Date : 2016-07-18 DOI: 10.2139/SSRN.2811489

Joan Macleod Heminway

引用次数: 0