المؤلفون: Donelson, Dain C.¹ (AUTHOR) dain-donelson@uiowa.edu, Kartapanis, Antonis² (AUTHOR), Yust, Christopher G.² (AUTHOR)

المصدر: Contemporary Accounting Research. Mar2024, Vol. 41 Issue 1, p424-458. 35p.

مصطلحات موضوعية: *CORPORATE image, *CLASS actions, *ACTIONS & defenses (Law), *FRAUD, *SECURITIES, *SECURITIES fraud, NUISANCES, REPUTATION

الملخص (بالإنجليزية): We explore how securities litigation affects corporate reputation. Experts remain concerned that nonmeritorious securities class actions—those that will be dismissed or settled for nuisance amounts—cause reputational damage. Although several prior studies show reputational costs for nonmeritorious cases, they generally use indirect measures based on returns or total market losses, which are mechanically associated with securities litigation elements. In contrast, we use a relatively direct reputation measure from Fortune's "Most Admired Companies" list. We find significant reputational damage after meritorious litigation, with the strongest cases having the largest effects. However, we find no evidence of reputational damage after nonmeritorious litigation. We also find that Fortune's reputational damage measure is associated with more negative returns around the litigation filing date. We show possible mechanisms for our results, as initial legal filings contain information allowing market participants to assess case merits. Our results imply that reputational damage is primarily due to fraud, which securities litigation helps reveal to the market, rather than litigation itself. Thus, reputational damage is not an issue in over 70% of securities class actions due to the high frequency of nonmeritorious cases. [ABSTRACT FROM AUTHOR]

Abstract (French): Résumé: Les mérites des litiges en valeurs mobilières et la réputation des entreprises Nous examinons de quelle façon les litiges en valeurs mobilières nuisent à la réputation des entreprises. Les experts demeurent préoccupés par le fait que les actions collectives en valeurs mobilières non fondées – celles qui seront rejetées ou réglées pour des montants dérisoires – portent atteinte à la réputation des entreprises. Bien que plusieurs études fassent état d'une association entre les dommages à la réputation et les causes non fondées, elles font généralement appel à des mesures indirectes axées sur les rendements ou les pertes totales sur le marché, qui sont mécaniquement associées avec certains éléments des litiges en valeurs mobilières. Nous misons plutôt sur une mesure de la réputation relativement directe tirée de la liste des « entreprises les plus admirées » du magazine Fortune. Nous établissons que les litiges méritoires entraînent des dommages à la réputation, et que les causes les plus solides produisent les effets les plus marqués. Toutefois, nous ne dégageons aucune donnée probante indiquant des atteintes à la réputation d'entreprises à la suite d'un litige non fondé. Nous montrons également que la mesure des dommages à la réputation utilisée par Fortune est associée à des rendements plus négatifs autour de la date de dépôt d'un litige. Nous présentons des mécanismes possibles pour nos résultats, car les dépôts légaux initiaux contiennent de l'information qui permet aux acteurs du marché d'évaluer le mérite des causes. Nos résultats indiquent que les atteintes à la réputation sont principalement attribuables à la fraude, que les litiges en valeurs mobilières aident à mettre au jour, plutôt qu'aux litiges eux‐mêmes. Ainsi, l'atteinte à la réputation n'est pas un enjeu dans plus de 70 % des actions collectives en valeurs mobilières en raison de la grande prévalence des causes non méritoires. [ABSTRACT FROM AUTHOR]

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المؤلفون: Heimer, Matt, DeCarlo, Scott

المصدر: Fortune. Feb/Mar2024, Vol. 189 Issue 1, p81-84. 4p. 3 Color Photographs.

مصطلحات موضوعية: *CORPORATE ratings, *CORPORATE image

الشركة/الكيان: NVIDIA Corp. 806724555 NVDA, WALT Disney Co. , APPLE Inc. AAPL

المؤلفون: Gouvard, Paul¹ (AUTHOR) gouvap@usi.ch, Goldberg, Amir² (AUTHOR) amirgo@stanford.edu, Srivastava, Sameer B.³ (AUTHOR) sameersriv@berkeley.edu

المصدر: Administrative Science Quarterly. Sep2023, Vol. 68 Issue 3, p781-823. 43p. 1 Illustration, 5 Charts, 5 Graphs.

مصطلحات موضوعية: *CORPORATE image, *ORGANIZATIONAL performance, *BRAND differentiation, CONFORMITY, ECONOMIC sociology

مستخلص: How do organizations reconcile the cross-pressures of conformity and differentiation? Existing research predominantly conceptualizes identity as something an organization has by virtue of the products or services it offers. Drawing on constructivist theories, we argue that organizational members' interactions with external audiences also dynamically produce identity. We call the extent to which such interactions diverge from audience expectations performative atypicality. Applying a novel deep-learning method to conversational text in over 90,000 earnings calls, we find that performative atypicality leads to an evaluation premium by securities analysts, paradoxically resulting in a negative earnings surprise. Moreover, performances that correspond to those of celebrated innovators are received with higher enthusiasm. Our findings suggest that firms that conform to categorical expectations while being performatively atypical can navigate the conflicting demands of similarity and uniqueness, especially if they hew to popular notions of being different. [ABSTRACT FROM AUTHOR]

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المؤلفون: Gatti, Stefano¹ (AUTHOR), Ivanova, Mariya N.² (AUTHOR) mariya.ivanova@hhs.se, Pündrich, Gabriel³ (AUTHOR)

المصدر: Journal of Accounting, Auditing & Finance. Oct2023, Vol. 38 Issue 4, p777-803. 27p. 10 Charts.

مصطلحات موضوعية: *CORPORATE image, *CORPORATE bankruptcy, *PUBLIC debts, *BUSINESS enterprises, *CORPORATE directors, COUNTERPARTY risk, REPUTATION

مصطلحات جغرافية: UNITED States

مستخلص: This article investigates the link between board members' past professional experiences and the terms and conditions of the debt contracts of their current firms. In particular, we examine whether directors' past bankruptcy experience affects the pricing and nonpricing terms of public debt contracts. Using a sample of 8,142 bond issues in the United States in the period 1995 to 2015, we document higher credit spreads and smaller bond sizes for firms with such directors, suggesting that bondholders are concerned about past bankruptcy experience. Our results remain robust to different model specifications. This effect is moderated for bankruptcies that are likely driven by macroeconomic shocks such as the dotcom bubble and the global financial crisis. We also show that our findings are not explained by bond issuers with an elevated risk of default and seem instead to be driven by directors serving on key monitoring committees, indicating that prior bankruptcy experience raises concerns about the company's corporate governance. Finally, mediation analysis offers some evidence of a limited negative indirect effect of prior bankruptcy experience on the terms of debt contracts through the firm's financial and investment policies. Overall, our findings suggest that lenders incorporate information about past professional experiences of directors into public debt contracting. [ABSTRACT FROM AUTHOR]

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المؤلفون: Barney, Jay B., Amorim, Manoel, Julio, Carlos

المصدر: Harvard Business Review. Sep/Oct2023, Vol. 101 Issue 5, p76-85. 10p. 7 Color Photographs, 2 Black and White Photographs.

مصطلحات موضوعية: *CORPORATE culture, *CORPORATE image, *ORGANIZATIONAL behavior, *ORGANIZATIONAL change, *SOCIAL change, *PERSONNEL management, SOCIOLOGY of corporations, SOCIAL norms, VALUES (Ethics)

مستخلص: Does your firm’s culture support its strategy? If not, you’ll need to retool your culture, and that’s not so easy to do. The values, beliefs, and norms that make it up are intangible and diffused throughout your organization, and employees tend to resist anything that threatens established behaviors and relationships. To figure out the secret to doing cultural change well, the authors examined how business leaders around the world approached it. They learned that successful ones didn’t begin with workshops, studies, or new HR policies. They began by creating stories highlighting actions that were deeply inconsistent with a firm’s established culture but reinforced an alternative culture more aligned with its strategies. The most effective stories were authentic, featured the leaders themselves, offered a break with the past and a path to the future, appealed to hearts and minds, and were dramatic and memorable. Most critically, they empowered employees to begin crafting their own stories about cultural change so that everyone in the organization ended up co- creating a new culture together. [ABSTRACT FROM AUTHOR]

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المؤلفون: Kotlarsky, Julia¹, Rivard, Suzanne², Oshri, Ilan²

المصدر: MIS Quarterly. Jun2023, Vol. 47 Issue 2, p901-921. 21p. 2 Diagrams, 8 Charts.

مصطلحات موضوعية: *CORPORATE image, *INFORMATION technology, *CONTRACTING out, *BUSINESS partnerships, *INNOVATIONS in business, *INFORMATION theory in economics, REPUTATION

مستخلص: One noticeable trend in the maturing information technology (IT) outsourcing industry is the growing interest from client firms seeking to benefit from supplier-led innovations. Yet IT outsourcing suppliers still find it challenging to shift their reputation from the competent provision of a low-end service to a high-value innovative line of services, thus becoming known as business partners. We address this issue by examining the reputation formation efforts of an IT supplier experiencing a reputation deficit in terms of quality (its ability as a business partner) and intent (its intention to adopt trustworthy behavior). We develop a model based on a case study of a large IT supplier engaged in reputation formation with its outsourcing clients. We portray reputation formation as a process wherein an IT supplier alternately emits signals of quality and intent from a repertoire of signals. Our process model distinguishes between signaling at the market level, which relies on rhetorical mediums to broadcast a message promoting the supplier's ability as a business partner, and signaling at the client level, which relies on substantive mediums such as demonstrations of the supplier's ability to solve the client's business problems and behavioral mediums that allow the client to assess the supplier's intent to adopt trustworthy behavior. [ABSTRACT FROM AUTHOR]

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المؤلفون: McCarron, Anna¹ (AUTHOR) anna.mccarron@asendia.com

المصدر: Strategic HR Review. 2024, Vol. 23 Issue 4, p130-133. 4p.

مصطلحات موضوعية: *CORPORATE image, *REPUTATIONAL risk, *HUMAN resources personnel, *HUMAN resource directors, *BOARDS of directors, *PERSONNEL management, *HUMAN resources departments

مستخلص: Purpose: This study aims to explore the ramifications of a lack of human resources (HR) representation in corporate boardrooms. Design/methodology/approach: The author draws upon her personal and professional experience as a director of human resources and as a board member for a corporation. Findings: There is a fundamental misunderstanding of the strategic value that HR brings to the table. To thrive in the modern business environment, organisations must acknowledge this strategic value and actively involve HR professionals in high-level decision-making processes. Originality/value: This study makes a strong and compelling case for HR's involvement in high-level decision-making in the boardroom. [ABSTRACT FROM AUTHOR]

: Copyright of Strategic HR Review is the property of Emerald Publishing Limited and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

المؤلفون: Tao, Zhibin¹ (AUTHOR) taozhibin7@outlook.com

المصدر: Business Strategy & Development. Jun2024, Vol. 7 Issue 2, p1-25. 25p.

مصطلحات موضوعية: *CORPORATE image, *CONSERVATISM (Accounting), *DISCLOSURE, *REPUTATIONAL risk, *INDUSTRIAL management, CROSS-cultural studies, STRUCTURAL equation modeling

مصطلحات جغرافية: SOUTH Korea, CHINA

مستخلص: This study focuses on exploring the factors influencing why companies engage in greenhushing decisions in the cultural backgrounds of China and Republic of Korea. Structural equation modeling analysis indicates that in these two countries, reputational risk not only directly leads to corporate greenhushing behavior, but also exerts its influence through conservatism as a mediating factor. Reputational risk causes companies to exhibit conservatism, which in turn leads to the adoption of greenhushing behavior. Furthermore, tests for moderation effects revealed that, in the Chinese sample data, a transparent information disclosure mechanism has the ability to mitigate the impact of reputational risk on corporate greenhushing behavior, as well as to alleviate the influence of conservatism on corporate greenhushing behavior. In the South Korean sample data, a transparent information disclosure mechanism can moderate the impact of reputational risk on conservatism and corporate greenhushing behavior. Finally, the fsQCA method is tested to derive the different configurations and pathways that lead to the strong emergence of greenhushing behavior in companies in China and Republic of Korea, as well as to identify the most influential pathways. This study provides substantial theoretical support for further exploration of the causal mechanisms of corporate greenhushing behavior and promotion of cross‐cultural comparisons and learning in the international environmental management field. In addition, provides rich empirical support and theoretical guidance for corporate environmental management decision‐making and policy formulation. The findings highlight the further standardization and strengthening of transparent information disclosure mechanisms will be an important direction for future environmental policy development. [ABSTRACT FROM AUTHOR]

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المؤلفون: Kankam-Kwarteng, Collins¹ (AUTHOR) colkann@gmail.com, Donkor, George Nana Agyekum² (AUTHOR), Osei, Francis¹ (AUTHOR), Amofah, Ofosu³ (AUTHOR)

المصدر: Journal of Financial Services Marketing. Jun2024, Vol. 29 Issue 2, p306-317. 12p.

مصطلحات موضوعية: *CORPORATE image, *SOCIAL responsibility of business, *FINANCIAL performance, *MARKETING, *SOCIAL marketing, *PERFORMANCE theory, *ORGANIZATIONAL performance

مستخلص: The aim of this paper is to explore the mediating role of corporate image between corporate social responsibility and marketing performance in the financial sector. Data were collected from 220 Ghanaian financial houses. Questionnaire for the data collection was based on measurement scale. Statistical values were derived to test the relationship between the three variables understudy. The effect of corporate image on marketing performance was found to be positive. Corporate image was also found to positively mediate the relationship between corporate social responsibility and marketing performance. Fostering corporate social responsibility and maintaining high corporate image will have a direct positive effect on marketing performance of financial houses. The paper thus contributes to marketing performance studies by extending the predictors of firm performance to test the mediating role of corporate image. [ABSTRACT FROM AUTHOR]

: Copyright of Journal of Financial Services Marketing is the property of Palgrave Macmillan Ltd. and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

المؤلفون: Yi, Lingxue¹ (AUTHOR) yilx@mail2.sysu.edu.cn, Jiang, Yichi² (AUTHOR) jiangyichi@163.com, Liu, Heng¹ (AUTHOR) liuheng8@mail.sysu.edu.cn

المصدر: Chinese Management Studies. 2024, Vol. 18 Issue 4, p1107-1129. 23p.

مصطلحات موضوعية: *CORPORATE image, *ORGANIZATIONAL performance, *ENVIRONMENTAL regulations, *INVESTORS, PARTICULATE matter, KEYWORD searching

مستخلص: Purpose: This study aims to investigate whether and how public air environmental concern (PAEC) affects corporate environmental, social and governance (ESG) performance in emerging markets. Design/methodology/approach: This study measured PAEC using the Baidu index search keyword "雾霾 (PM2.5)" and assessed its impact on corporate ESG among Chinese A-share listed companies from 2011 to 2020 through regression analysis. Findings: The empirical results indicate a positive relationship between PAEC and corporate ESG. Moreover, PAEC facilitates enhanced corporate ESG performance by mediating through corporate reputation and government environmental regulations. Heterogeneity analysis shows that the promotion effect of PAEC on ESG is more pronounced in the subgroups of companies with an excellent green image, low perceived uncertainty, strong management political connections, low short-termism, high industry technological levels and low pollution levels. Practical implications: The practical implications of this study underscore the importance for policymakers, investors and companies to prioritize PAEC and its influence on corporate ESG performance. Originality/value: This study contributes to ESG literature by highlighting the positive impact of external oversight, such as PAEC. [ABSTRACT FROM AUTHOR]

: Copyright of Chinese Management Studies is the property of Emerald Publishing Limited and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)