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We consider an infinitely repeated game in which a privately informed, long-lived manager raises funds from short-lived investors in order to finance a project. The manager can signal project quality to investors by making a (possibly costly) forward-looking disclosure about her project's...
Persistent link: https://www.econbiz.de/10011504350
We consider an infinitely repeated game in which a privately informed, long-lived manager raises funds from short-lived investors in order to finance a project. The manager can signal project quality to investors by making a (possibly costly) forward-looking disclosure about her project's...
Persistent link: https://www.econbiz.de/10011506852
' press releases and identify 1,765 reputation-building actions taken by: (1) 94 restating firms in the periods before and … incentives to target multiple stakeholders in a reputation repair strategy — including capital providers, customers, employees …, and geographic communities — and that actions targeting each group generate positive market returns as reputation capital …
Persistent link: https://www.econbiz.de/10011523644
quite low, given that nearly each firm has reputation to protect. But why has the vast majority of firms no registered …
Persistent link: https://www.econbiz.de/10010458246
Corporate tax behavior has recently received considerable public interest, and anecdotal evidence suggests that firms are increasingly concerned about the reputational risk of tax planning. Using RepRisk data to capture firms’ reputational risk due to public scrutiny, this study examines the...
Persistent link: https://www.econbiz.de/10012801834
reputational influences and indeed we find that reputational concerns are important – 69% of executives rate reputation as …
Persistent link: https://www.econbiz.de/10010194828
CEO activism — the practice of CEOs taking public positions on environmental, social, and political issues not directly related to their business — has become a hotly debated topic in corporate governance. To better understand the implications of CEO activism, we examine its prevalence, the...
Persistent link: https://www.econbiz.de/10012001263
We exploit unexpected corporate data breaches to study how firms respond to negative reputation events. Data breaches … negatively affect firm profitability, value, and reputation for years following the event, but are not triggered by high or low …. Firms respond similarly after other negative shocks to their reputation. Our paper represents the first empirical study to …
Persistent link: https://www.econbiz.de/10011897968
We examine whether a company's corporate reputation gained from their CSR activities and a company leader's reputation … experimental evidence that good corporate reputation causally buffers individuals' negative fairness judgment following the firm …'s decision to profiteer from an increase in the demand. Bad corporate reputation does not make the decision to profiteer as any …
Persistent link: https://www.econbiz.de/10013187856
This paper studies a repeated-game model in which firms can build a reputation for rewarding innovative employees. In …
Persistent link: https://www.econbiz.de/10011500001