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In economic approaches it is often argued that reputation considerations influence the behavior of individuals or firms … and that reputation influences the outcome of markets. Empirical evidence is rare though. In this contribution we argue … that a positive reputation of sellers should have an effect on selling prices. Analyzing auctions of popular DVDs at eBay …
Persistent link: https://www.econbiz.de/10010365875
This paper examines reputation, the belief of a decision maker about types of advisors, in a two period cheap talk …
Persistent link: https://www.econbiz.de/10012724489
We present a leverage theory of reputation building with co-branding. We show that under certain conditions, co … high product quality and establish their own reputation. We compare this situation with a benchmark in which both sectors …
Persistent link: https://www.econbiz.de/10012729552
New sellers who enter online marketplaces have to build up an online reputation in order to be successful. I examine … reputation. Using data from an online self-publishing platform, I show that the same e-book is more likely to be offered as free … reputation is driven by a selection effect, whereby more consumers with a lower preference for a particular e-book provide …
Persistent link: https://www.econbiz.de/10012903479
We examine the relation between firm reputation and the cost of debt financing. We posit that corporate reputation … magazine's survey of company reputation while controlling for the impact of firm-level variables, we find an inverse relation … between a company's reputation and its bond (bank loan) credit spreads. We also find that firms with high reputation face less …
Persistent link: https://www.econbiz.de/10012905872
We examine the relation between firm reputation and the cost of debt financing. We posit that corporate reputation … magazine's survey of company reputation, we find an inverse relation between a company's reputation and its bond credit spreads …. We also find that firms with high reputation face less stringent covenants. Further testing shows that bad reputation is …
Persistent link: https://www.econbiz.de/10012975361
show that in contrast with projects implemented by a single firm, in the case of joint projects a firm's reputation does … reputation considerations affect firms' decisions to participate in joint projects. We show that a high quality partner may not … be preferable to a low quality partner, and that a high reputation partner is not necessarily preferable to a low …
Persistent link: https://www.econbiz.de/10013292934
reputation. We model reputations based on alterable organizational and structural firm characteristics rather than the personal … shareholder governance supports reputable firm behavior even when owner management cannot. The option to reform after a reputation …
Persistent link: https://www.econbiz.de/10013034813
Reputation concerns in credit markets restrain borrowers' temptations to take excessive risk. The strength of these …
Persistent link: https://www.econbiz.de/10011685308
This paper examines whether firm reputation impacts borrowing costs and thus investment. Using unique data from Fortune … reputation measures removing the impact of prior financial performance. Further evidence suggests that banks reward reputable … firms with better contract terms because this reputation proxy contains incremental information on borrower future …
Persistent link: https://www.econbiz.de/10012848288