The Impact of Corporate Reputation and Reputation Damaging Events on Financial Performance: Empirical Evidence from the Literature
The Impact of Corporate Reputation and Reputation Damaging Events on Financial Performance: Empirical Evidence from the Literature
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DOI：
10.2139/ssrn.2576627
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发表时间：
2015-03
期刊：
影响因子：
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通讯作者：
Nadine Gatzert
中科院分区：
文献类型：
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作者：
Nadine Gatzert
企业声誉和声誉风险与企业的关系越来越密切，这也是由于声誉风险与企业价值的关系。在这种背景下，本文提供了一个全面的调查，在文献中的经验证据，关于声誉损害事件，企业声誉和企业财务业绩之间的关系，从而也考虑到利益相关者的行为。该审查还旨在确定在何种程度上，目前的文献允许全面了解这些关系的因果链的事件，这是高度相关的声誉和声誉风险管理的意义。因此，重点首先放在实证证据的影响，企业声誉的利益相关者的行为和财务业绩。接下来，事件研究文献的声誉损害事件对企业声誉和财务业绩的影响进行了审查，最后，风险管理的影响进行了讨论，沿着未来研究的需要。
Corporate reputation and reputation risk are becoming increasingly relevant for firms, also caused by its relevance for firm value. In this context, this paper provides a comprehensive survey of empirical evidence in the literature regarding the relation between reputation damaging events, corporate reputation, and corporate financial performance, thereby also taking into account stakeholder behavior. The review is also intended to determine to what extent the current literature allows a holistic understanding of these relationships in the sense of the causal chain of events, which is of high relevance when managing reputation and reputation risk. Thus, focus is first laid on empirical evidence regarding the impact of corporate reputation on stakeholder behavior and on financial performance. Next, the event study literature regarding the effect of reputation damaging events on corporate reputation and financial performance is reviewed, and, finally, implications for risk management are discussed along with the need for future research.