Part IV: How Do Reputations Affect Corporate Performance?: Sustainable Competitive Advantage and Firm Performance: The Role of Intangible Resources

McMillan, G. Steven; Joshi, Maheshkumar P.

doi:10.1057/palgrave.crr.1540022

Cited by 73 publications

(53 citation statements)

References 4 publications

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“…Market measures : The measure of fi nancial performance is obtained, in this case, from the fi nancial market. The results obtai ned with this measure also confi rm a • • positive relationship between reputation and fi nancial performance measured by the company ' s market value or return ( Brown, 1997 ;McMillan and Joshi, 1997 ;Srivastava et al , 1997 ;Brown, 1998 ;Vergin and Qoronfl eh, 1998 ;Black et al , 2000 ). Nevertheless, all these studies produce the same basic result because all are based on US companies from Fortune magazine ' America ' s most admired corporations ' and from the same period of time (1984 -1998).…”

Section: Theory and Hypothesessupporting

confidence: 59%

“…According to Srivastava et al (1997: 63) , ' if a fi rm ' s positive reputation enhances operational performance, increases the likelihood of maintaining superior performance over time, and induces a positive frame for interpreting events related to the fi rm, it seems likely also to reduce the degree to which shareholders perceive the fi rm as being risky ' . Therefore, a favorable reputation is a strategic resource that can increase company ' s economic and fi nancial performance ( Hall, 1992 ;Deephouse, 1997 ;McMillan and Joshi, 1997 ;Black et al , 2000 ;Eberl and Schwaiger, 2005 ;Schnietz and Epstein, 2005 ).…”

Section: Theory and Hypothesesmentioning

confidence: 99%

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Can Corporate Reputation Protect Companies’ Value? Spanish Evidence of the 2007 Financial Crash

Sánchez

Sotorrío

Baraibar‐Diez

2012

Corp Reputation Rev

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The aim of this paper is two-fold: first, to test empirically whether corporate reputation has a positive effect on the financial performance of companies (named the resource hypothesis), and second, whether it protects companies from a loss of value in a sudden financial crisis (the reservoir hypothesis). A sample of 38 Spanish firms included in the MERCO (the Spanish corporate reputation ranking) and listed in the Spanish stock market has been used. The analysis covers the period from September 2005 to April 2009. A multivariate regression model estimated by ordinary least squares was used to test the research hypotheses in order to monitor other variables that may affect the relationship between reputation and financial performance (measured by the companies ' return and risk). The results show that companies with a strong reputation had better finan cial performance than those with a poor reputation, before and during the financial crisis after the 2007 crash. Corporate Reputation Review (2012) 15, 228 -239.

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Section: Theory and Hypothesessupporting

confidence: 59%

Section: Theory and Hypothesesmentioning

confidence: 99%

Can Corporate Reputation Protect Companies’ Value? Spanish Evidence of the 2007 Financial Crash

Sánchez

Sotorrío

Baraibar‐Diez

2012

Corp Reputation Rev

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“…Certain resources are capable of providing a competitive advantage for a firm (Barney, 1991(Barney, , 2001, and a large portion of these resources are intangible (Barney and Hansen, 1994;Black et al, 2000;Fryxell and Wang, 1994;Hall, 1992Hall, , 1993McMillan and Joshi, 1998;Teece, 1998). Among these intangibles, reputation has been regarded as one of the key elements in marketing and organizational positioning (Amis, 2003;Hall, 1993;Herbig and Milewicz, 1993) and may constitute the bulk of the worth of many organizations (Feldwick, 1996;Hall, 1992).…”

Section: Reputationmentioning

confidence: 99%

Social Responsibility and the Olympic Games: The Mediating Role of Consumer Attributions

et al. 2010

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“…According to MacMillan and Joshi (1997), chief executive officers regard reputation as the most valuable intangible asset, a finding supported by Dowling (2004), Mirvis and Googins (2004) and Werther and Chandler (2004). Organisational success now depends as much on production facilities and capital as it does on relationships with suppliers, the management of brands, the quality of business processes, the retention of talented employees and a corporate culture that is conducive to success in a particular industry (Ethical Corporation, 2002;Grayson, 2005;Roberts, Keeble & Brown, 2002).…”

Section: Elements Of a Corporate Responsibility Strategymentioning

confidence: 99%

The Case For Corporate Responsibility: An Exploratory Study

Piedade

Thomas

2006

SA j. hum. resour. manag.

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Stakeholder demands and the introduction of the ‘triple bottom line’ as a means of reporting corporate performance, make it critical that South African companies assess why they should undertake corporate responsibility initiatives. This exploratory study (part two of a two-part study) investigated the issues that are being or should be addressed by companies under the banner of corporate responsibility and the reasons for this. The views of a convenience snowball sample of consultants, academics and practitioners of corporate responsibility, was gained by means of a Delphi technique. Content analysis was employed to categorise the views into themes. The findings indicate the need for corporate responsibility action in the areas of ecology, the environment, health and well-being, building human capital and in the encouragement of economic development. Cost benefit and defensive arguments dominate the case for corporate responsibility. There is little indication that organisations have identified the opportunity of corporate responsibility initiatives to increase innovation and organisational learning and its contribution to risk management. Recommendations are made regarding the assessment of investment in this area

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Part IV: How Do Reputations Affect Corporate Performance?: Sustainable Competitive Advantage and Firm Performance: The Role of Intangible Resources

Cited by 73 publications

References 4 publications

Can Corporate Reputation Protect Companies’ Value? Spanish Evidence of the 2007 Financial Crash

Can Corporate Reputation Protect Companies’ Value? Spanish Evidence of the 2007 Financial Crash

Social Responsibility and the Olympic Games: The Mediating Role of Consumer Attributions

The Case For Corporate Responsibility: An Exploratory Study

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