Foreign subsidiary CSR as a buffer against parent firm reputation risk

CSR as Reputation Insurance: Primum Non Nocere

We provide a theoretical framework showing how CSR activities can insure a firm against lost reputation in the face of adverse events. We offer evidence for this linkage through a case study and a multi-year analysis of stock price responses for S&P 500 companies following product recalls. We find that firms with better CSR ratings fare better than those that do not. Furthermore, a firm that is...

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CSR as Reputation Insurance: Primum Non Nocere

We provide a theoretical framework showing how CSR activities can insure a firm against lost reputation in the face of adverse events. We offer evidence for this linkage through a case study and a multi-year analysis of stock price responses for S&P 500 companies following product recalls. We find that firms with better CSR ratings fare better than those that do not. Furthermore, a firm that is...

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CSR as Reputation Insurance: Primum Non Nocere

We provide a theoretical framework showing how CSR activities can insure a firm against lost reputation in the face of adverse events. We offer evidence for this linkage through a case study and a multi-year analysis of stock price responses for S&P 500 companies following product recalls. We find that firms with better CSR ratings fare better than those that do not. Furthermore, a firm that is...

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REPUTATION AS RESERVOIR: The Value of Corporate Goodwill as a Buffer Against Loss in Times of Economic Crisis

The premise of this study is that a good reputation serves as an intangible asset which can help protect the organization in times of corporate crisis—in public-relations terms, the "reservoir of goodwill" presumption. Using data from the stock market crashes in 1987 and 1989, this study examined whether companies with better reputations, as measured by Fortune's annual ratings of America's lar...

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Does a Parent–Subsidiary Structure Enhance Financing Flexibility?

I examine whether firms exploit a publicly traded parent–subsidiary structure to issue equity of the overvalued firm regardless of which firm needs funds, and whether this conveys opposite information about firm values. Using 90 subsidiary and 37 parent seasoned equity offering (SEO) announcements during 1981–2002, I document negative returns to issuers but insignificant returns to nonissuers i...

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Foreign subsidiary CSR as a buffer against parent firm reputation risk

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منابع مشابه

CSR as Reputation Insurance: Primum Non Nocere

CSR as Reputation Insurance: Primum Non Nocere

CSR as Reputation Insurance: Primum Non Nocere

REPUTATION AS RESERVOIR: The Value of Corporate Goodwill as a Buffer Against Loss in Times of Economic Crisis

Does a Parent–Subsidiary Structure Enhance Financing Flexibility?

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