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which firms slant their reports toward the prior beliefs of their customers in order to build a reputation for quality. Bias …
Persistent link: https://www.econbiz.de/10012784236
. Supported by the signaling theory, we argue that ownership relations channel reputation spillovers between shareholders and …We propose a novel way to measure the reputation of firms by using information about their ownership structure … their invested companies. We model such reputation spillovers by means of a simple dynamics that runs on the ownership …
Persistent link: https://www.econbiz.de/10012892466
and whether investors rely on them to mitigate risks. In particular, we examine the effect of trustee reputation on …. Our findings suggest that trustees' reputation was deemed more important when information asymmetries in credit markets …
Persistent link: https://www.econbiz.de/10012935232
I propose a new channel of spinoff (firm formed when an employee leaves to set up his own firm) formation in which the returns from spinning off are determined endogenously. If high ability workers are scarce, then despite the principal's ability to offer contracts (endogenous cost of...
Persistent link: https://www.econbiz.de/10012935721
We study a firm's incentives to build and maintain reputation for quality, when quality is persistent and can be … investment– depend only on the firm's reputation. MPE vary in frequency of certification and payoffs, but are generally …
Persistent link: https://www.econbiz.de/10012968136
avoidance to minimize unwanted scrutiny that could impair the firms' reputation. We identify a set of firms with valuable … consumer reputation using Harris Interactive's EquiTrend survey, which surveys consumers about their perceptions of valuable …
Persistent link: https://www.econbiz.de/10013007686
monopolistic certifier can be hump-shaped in its reputation for accuracy: a higher accuracy attracts high-quality sellers but … one certifier, competition plays a disciplining role and the region where reputation is bad shrinks. Conversely, this …
Persistent link: https://www.econbiz.de/10013007814
reputation risk” posed by doing business with the National Rifle Association (a gun rights advocacy group). As part of Operation … “reputation risk.” Another federal regulator warns banks their reputations might be damaged by lending to oil and gas companies … that are perceived to cause environmental harm. Reputation risk is the risk that bank stakeholders will negatively change …
Persistent link: https://www.econbiz.de/10012849853
event that prompts agencies to improve the rating process to recover their reputation. Agencies efforts seems to be greater …
Persistent link: https://www.econbiz.de/10012851439
reputation: “Reputation Failure.” By spotlighting the public-good nature of reviews, rankings, and even gossip, this Article … biases that systematically distort it. The Article argues that these distortions are inherent to most systems of reputation … and that they make reputation far less reliable than traditionally understood.The limits of reputation highlight the …
Persistent link: https://www.econbiz.de/10012851499