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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 … managers to commit ex ante to reputable behavior …
Persistent link: https://www.econbiz.de/10013034813
Status and reputation concerns are conjectured to be important especially in markets with information asymmetries … between buyers and sellers, such as in credence goods markets. To investigate the effects of status and reputation on …-mail requests to insurance brokers asking for an appointment. We find that status nudging and, with a larger effect size, reputation …
Persistent link: https://www.econbiz.de/10012130122
Status and reputation concerns are conjectured to be important especially in markets with information asymmetries … between buyers and sellers, such as in credence goods markets. To investigate the effects of status and reputation on …-mail requests to insurance brokers asking for an appointment. We find that status nudging and, with a larger effect size, reputation …
Persistent link: https://www.econbiz.de/10012858331
While data breaches have become more common, there is little evidence that companies that incur them experience a persistent decline in financial performance or security prices. Using new firm-level data between 2002 and 2018, this paper finds that firms experience a 26-29% increase in...
Persistent link: https://www.econbiz.de/10013219473
We examine the relationship between collective country reputations and foreign stock returns following news of corporate scandals. We find that investors punish not only the scandalous foreign firm but also other firms from the same country of origin, especially those coming from more...
Persistent link: https://www.econbiz.de/10013220304
Corporate reputation has deserved attention in recent years from firms and researchers given its impact on creating a … competitive advantage and on keeping a sustained superior performance. However, the impact of corporate reputation on risk, in …, analyze the effect of corporate reputation on stock return and risk. A model based on firms' financial market data was …
Persistent link: https://www.econbiz.de/10014295000
theoretical valuation system on ESG reputation, i.e., the reputation or the gain in confidence produced by possession of a … positive reputation compared to the lack of one when the ESG criteria are integrated into the business analysis. In particular …, which measures the economic impact of the good or bad reputation due to ESG investments. One of the approach's main features …
Persistent link: https://www.econbiz.de/10014351264
CEO emotions are difficult to measure and hence empirically understudied. However, using artificial emotional intelligence, positive and negative affects can be identified from facial muscle contraction-relaxation patterns obtained from public CEO photos during initial coin offerings (ICOs),...
Persistent link: https://www.econbiz.de/10012836331
This paper examines how CEO overconfidence affects firms' choice of debt issuance among private debt (i.e., bank loan and non-bank loan) and public bond. Using a sample of U.S. rated public firms, we find that firms with overconfident CEOs tend to issue more private debt and issue private debt...
Persistent link: https://www.econbiz.de/10012837698
We explore the role of national culture of a Chief Executive Officer (CEO) in firms' financing decision, enacted via the tripartite interaction between values, attitudes and behavior. Values are the cultural core that determines attitudes, ultimately steering the behavior of CEOs. Our research...
Persistent link: https://www.econbiz.de/10012888693