Doing good or choosing well? Corporate reputation, CEO reputation, and corporate financial performance

Weng, Pei‐Shih; Chen, Wanyi

doi:10.1016/j.najef.2016.10.008

Cited by 67 publications

(43 citation statements)

References 25 publications

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“…In this study, we have taken into account the companies' implication in social responsibility, action expressed through charitable contributions. This indicator was chosen because it was the only variable for which data were available for all companies in the sample, which may be relevant, based on previous research [79,80].…”

Section: The Modelmentioning

confidence: 99%

The Romanian Family Businesses Philosophy for Performance and Sustainability

2019

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Family businesses represent a large segment of private companies and contribute greatly to economic growth. In this context, the objectives of this paper are to identify the characteristics of Romanian family businesses, starting from their involvement and governance mechanisms, and also to investigate if these specific items allow them to act towards creating sustainable businesses. In order to achieve these objectives, we have used qualitative and quantitative research, consisting of two phases: (a) we have analyzed the reports regarding the Romanian family businesses, in order to identify their characteristics; and (b) we have empirically tested if the characteristics are correlated with company financial performance and social responsibility. The results show that Romanian family businesses are aware of the changes that may appear and that they have started to implement internal processes oriented towards sustainability. Also, the main family involvements in business were ownership, governance, management and succession, which have a correlation with the performance of their company.

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Section: The Modelmentioning

confidence: 99%

The Romanian Family Businesses Philosophy for Performance and Sustainability

2019

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“…Several studies highlight a close relationship between CEO reputation and corporate reputation (Gaines-Ross, 2000;Kitchen & Laurence, 2003;Murray & White, 2005), considering the influence of CEO role in stock-based performance measures (Milbourn, 2003;Karuna, 2006); corporate financial performance (Weng & Chen, 2017), job retention (Lee, 2006); corporate governance internal (Karuna, 2009) and corporate reputation crisis (Sohn, Lariscy, & Tinkham, 2009). Studies of CEO brand point out the importance of leadership in conveying a company's success and outcomes to the financial community and other stakeholders.…”

Section: The Relation Between Ceo Reputation and Corporate Reputationmentioning

confidence: 99%

“…Although the impact of CEO role on company's outcomes is a well-documented concept in the literature (Rose & Thomsen, 2004;Karuna, 2006;Weng & Chen, 2017), little is known about the relation between CEO personal reputation and corporate reputation, and about the activities of reputation management in which CEOs play a key role. Moreover, most research regarding the influence of CEOs on corporate reputation has focused on the international context (van der Jagt, 2005).…”

Section: Introductionmentioning

confidence: 99%

Understanding the Influence of CEO Tenure and CEO Reputation on Corporate Reputation: An Exploratory Study in Italy

Conte¹

2018

IJBM

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The study aims at investigating the main activities of corporate reputation in which CEOs are actively engaged, focusing also on the influence of CEOs tenure on their commitment in reputation management. Moreover, the paper analyzes the CEO’s view on the relation between CEO reputation and company’s reputation. Through a structured questionnaire, a web survey has been carried out addressing CEOs of large companies located in Italy and included in the report of Mediobanca. Findings highlight a relevant CEO commitment in corporate reputation management, above all in leadership, performance and workplace activities. Long-tenured CEOs tend to be more involved in managing firm’s reputation, than short-tenured CEOs. The study also shows CEOs are aware that their reputation are increasingly intertwined with the corporate reputation. The paper supports the strategic leadership perspective, contributing to the ongoing debate on CEO reputation. The influence of CEOs’ good name on company’s reputation stimulates them, and communication managers, to create an effective CEOs’ brand. The paper is the first study that provides empirical evidence on the increasing importance of CEO’s role in Italian large companies, and it can be viewed as a starting point for future cross-country comparison.

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“…Reputation and its related risks are usually presented as complex and multidimensional concepts in academic literature [1][2][3]. This is one of the reasons why reputational risk management strategies are still underdeveloped, despite the wide consensus about reputational risk being a major threat for companies and organizations of all types, and this stresses the importance of carefully studying it [4].…”

Section: Introductionmentioning

confidence: 99%

Assessing Sustainability-Related Systematic Reputational Risk through Voting Results in Corporate Meetings: A Cross-Industry Analysis

2019

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This research uses Sharpe’s single-index model to analyze voting results in corporate meetings, thus assessing whether voting results at the corporate level are influenced by aggregated voting results at the industry level. We use a sample of votes regarding managerial proposals concerning executive election and compensation. The companies involved are included in the five most represented industries in NASDAQ, and the analysis focuses on the 2003–2017 period. The votes were disclosed by institutional investors who are especially concerned with corporate governance and sustainability issues, so we consider that they reflect sustainability-driven decisions. Based on previous research linking voting results to reputational consequences, we assess the systematic component of sustainability-related reputational risk within these five industries, finding significant differences among them. Thus, although the systematic component of sustainability-related reputational risk appears to be strong for financial and technological companies, it is weak for healthcare, consumer services, and capital goods companies. Implications for researchers and practitioners are reported.

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Doing good or choosing well? Corporate reputation, CEO reputation, and corporate financial performance

Cited by 67 publications

References 25 publications

The Romanian Family Businesses Philosophy for Performance and Sustainability

The Romanian Family Businesses Philosophy for Performance and Sustainability

Understanding the Influence of CEO Tenure and CEO Reputation on Corporate Reputation: An Exploratory Study in Italy

Assessing Sustainability-Related Systematic Reputational Risk through Voting Results in Corporate Meetings: A Cross-Industry Analysis

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