Family presence, family firm reputation and perceived financial performance: Empirical evidence from the Philippines

Santiago, Andrea; Pandey, Shweta; Manalac, Ma Theresa

doi:10.1016/j.jfbs.2019.02.002

Cited by 37 publications

(21 citation statements)

References 66 publications

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“…Despite a clear theoretical link between corporate reputation and financial performance, the literature reveals mixed empirical evidences. Some studies report positive impacts of corporate reputation on subsequent financial performance (Deephouse, 2000; Roberts and Dowling, 2002; Eberl and Schwaiger, 2005; Anderson and Smith, 2006; Alvarado-Vargas, 2013; Hall and Lee, 2014; Raithel and Schwaiger, 2015; Chen, 2016; Castilla-Polo et al , 2018; Kaur and Singh, 2018; Santiago et al , 2019). Meanwhile, others find negative association between corporate reputation and financial performance (Liu et al , 2014; Hassan et al , 2015; Phillips et al , 2015).…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

“…The literature revealed mixed empirical evidences regarding the impacts of reputation on firm performance. While there is a substantial amount of research which affirms the positive impacts of corporate reputation on subsequent financial performance (Deephouse, 2000; Roberts and Dowling, 2002; Eberl and Schwaiger, 2005; Anderson and Smith, 2006; Alvarado-Vargas, 2013; Hall and Lee, 2014; Raithel and Schwaiger, 2015; Chen, 2016; Castilla-Polo et al , 2018; Kaur and Singh, 2018; Santiago et al , 2019), the inverse impacts are also well-documented (Liu et al , 2014; Hassan et al , 2015; Phillips et al , 2015). Meanwhile, others found no significant reputation-performance link (Rose and Thomsen, 2004; Inglis et al , 2006; Tischer and Hildebrandt, 2014).…”

Section: Introductionmentioning

confidence: 99%

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Media reputation: a source of banks' financial performance

Thang

Hoang

Anh

2020

IJBM

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PurposeBased on the resource-based view (RBV) and the signaling theory, this paper examines the effect of media reputation on financial performance as well as the moderating role of bank characteristics (risk management and financial capacities) in this relationship, using Vietnamese commercial bank data for the period 2007–2018.Design/methodology/approachWe rely on the agenda-setting theory to measure the media reputation of banks. Return on average equity (ROE) is used as a proxy of financial performance. We regress financial performance on media reputation with fixed effects to control unobserved variables. In addition, the instrumental variable (IV) method is applied to deal with the endogeneity problem. We use the change in bank logo as an IV for media reputation.FindingsWe find that media reputation has a positive effect on financial performance. This effect becomes prominent for large banks, listed banks or banks that demonstrate good risk management capacities, and is particularly strong when we control for endogeneity bias. The effect of media reputation on financial performance is transmitted through the non-performing loan (NPL) channel.Research limitations/implicationsThe research findings further endorse the positive impact of media reputation on financial performance in the low-quality institutional settings. Moreover, these findings expand the existing knowledge regarding the relationship between media reputation and financial performance by affirming two strategies which could be used to leverage the contribution of media reputation including improving banks' risk management capacities and raising financial capital.Originality/valueThis is the first known paper to examine the effect of media reputation on financial performance in commercial banks in an underdeveloped institutional setting while exploring the moderators in this relationship. This study, therefore, provides insightful implications for different bank segments in managing NPL and taking advantage of media reputation as a potential resource of financial performance.

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Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Media reputation: a source of banks' financial performance

Thang

Hoang

Anh

2020

IJBM

View full text Add to dashboard Cite

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“…Before assessing it, it is required to acknowledge what, how and to which direction certain activities or happenings formulate an SFF's image (Astrachan et al, 2018). Santiago, Pandey and Manalac (2019) and Tong (2007) suggested the family's involvement into the business operation has a positive impact on reputation. It functions as a differentiator from peers (Urde & Greyser, 2016) and thus it is a valuable intangible asset (Wang-Yu-Chiang, 2016).…”

Section: Theory Developmentmentioning

confidence: 99%

Employer branding concept for small- and medium-sized family firms

Bite¹,

Konczos-Szombathelyi²

2020

Journal of International Studies

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The area of this paper is employer branding of small-and medium-sized family firms. Its function is to attract the necessary quantity and quality of labour force to build competitive advantage in the market, differentiate from peers and thus facilitate company's prosperity. Labour shortage and aging society strike Central and Eastern Europe, therefore, employers face a disadvantageous bargaining position. Family firms, that are mainly small companies, are in a unique situation. Although employer branding is a useful and hot topic nowadays in some regions of the world, it is yet greatly underresearched empirically for some kinds of associations. To close this gap, this paper aims to present an employer branding concept. We extracted the output from a two-folded literature review on the existing knowledge about the public image of small family firms and the psychological needs and employee expectations about such workplaces and employers. We narrow down the area by handling a specific pattern of employees and conducting the whole research in Hungary. The solution we are proposing to fill the gap is an employer branding concept created by customization of the Business Model Canvas.

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“…Recent research suggests family firms often possess unique characteristics and sources of competitive advantage relative to nonfamily firms (Bratnicka-Myśliwiec et al, 2019;LABAKI, 2018;Moaşa, 2019;Phua, 2017;Sandlin, 2017). These unique and inimitable resources enable family firms to achieve and sustain superior levels of financial performance over time (Cirillo et al, 2020;Kallmuenzer & Peters, 2018;Martínez-Romero et al, 2020;Saidat et al, 2019;Santiago et al, 2019;Zahra et al, 2008). Consistent with these potential sources of advantages, some studies show family firms have higher average levels of financial and market performance than nonfamily firms (Anderson & Reeb, 2003;Mishra et al, 2001;Sraer & Thesmar, 2007).…”

Section: Public Interest Statementmentioning

confidence: 93%

The effect of ownership and management structure on family businesses performance

Azizi

Bidgoli

Taheri

2021

Cogent Business & Management

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The study examines the structure of ownership and management of family businesses and investigates whether it influences the performance of family businesses or not. The interplay between family, ownership, and management of business creates a setting for family businesses that promotes the performance of the family businesses. Statistical population is family businesses of the food industry in Tehran Province of Iran. One hundred and sixty-three CEOs of family businesses of the food industry were analyzed. Data were collected using a questionnaire survey from their CEOs. We observe that the ownership and management structure of family businesses influence the performance of family businesses in a positive way. We conclude in accordance with other theories that companies owned by the families are characterized by higher performance.

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Family presence, family firm reputation and perceived financial performance: Empirical evidence from the Philippines

Cited by 37 publications

References 66 publications

Media reputation: a source of banks' financial performance

Media reputation: a source of banks' financial performance

Employer branding concept for small- and medium-sized family firms

The effect of ownership and management structure on family businesses performance

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