Good Corporate Reputation Research Articles

Analyzing the Sustainability Report of Multinational Companies

Nowadays, more and more multinational corporations attach importance to sustainable development, and most of them present their annual decisions in sustainability reports. However, most multinational corporations only execute sustainability decisions to establish a good corporate image and reputation and meet public expectations, without rigorously evaluating the feasibility of sustainability reports and subsequent measurements, so this article uses HP, a representative multinational corporation, and critically analyzes HP's sustainability reports in recent years using the well-known and widely used GRI framework and corporate social responsibility theory.

Bibliographic diagnosis of green logistics: interaction or feedback in practical work

Nowadays, there are many ways to understand sustainability and sustainable development. Among researchers today, there are different perspectives on how to approach the concept of green logistics. Being one of the main components of the sustainable development concept, a systematic approach to green logistics allows consideration of all its other components. In economic terms, this means planning and managing logistics activities to achieve maximum economic benefits. Socially, we consider providing safe working conditions for company employees, as well as manufacturing safe and high-quality products and/or implementing environmentally friendly services. From an environmental point of view, we refer to the reduction of negative environmental impact by applying modern technologies. It is obvious that despite the different approaches to understanding green logistics, it has both an applicative and practical character. Green logistics is an important business differentiator as it demonstrates the company’s positioning in relation to the future of the market and the economy, as well as its commitment to consumers and the environment. Commitments to sustainable logistics deliver benefits such as a good corporate reputation, cost savings, environmental responsibility, supply chain efficiency and opportunities for new partnerships. Therefore, green logistics is a step forward that can be implemented by all companies, regardless of their segment or size.

CONSERVATISM INDEX IN FINANCIAL REPORTING INTEGRITY: BASED ON GOOD CORPORATE GOVERNANCE, KAP REPUTATION, LEVERAGE AND AUDIT TENURE

The integrity of financial statements is very important for companies in order to gain the trust of users of financial statements. This study aims to analyze the effect of good corporate governance, reputation, leverage and audit tenure on the integrity of financial statements. 135 manufacturing companies listed on the Indonesia Stock Exchange in 2017-2020 became the population and 15 were selected as samples by purposive sampling. This research method uses a quantitative approach with data analyzed using multiple linear regression analysis. Audit committee variables and audit tenure variables have a positive effect on the integrity of financial statements, managerial ownership and CPA reputation variables have a negative effect on the integrity of financial statements, while the independent commissioner, institutional ownership and leverage have no effect on the integrity of financial statements. This study implies that in manufacturing companies the factors that are thought to affect the integrity of financial statements in this study still show different results from previous studies so that they cannot be generalized in various sectors and research periods. These factors still need to be re-examined in further research to get more valid results.

Corporate reputation is a double-edged sword for companies

Corporate reputation is a double-edged sword for companies. While a good corporate reputation has benefits, a good corporate reputation can also bring disadvantages. A good corporate reputation can lead managers to overestimate the level of corporate risk-taking and can hide internal corporate defects. In addition, corporate reputation may exacerbate the impact of negative events: a good corporate reputation buffers the impact of risky events in a conventional scenario, but in a crisis scenario, a good corporate reputation increases the impact of negative events, while an average corporate reputation reduces the impact of negative events. The purpose of this paper is to explore the negative effects of corporate reputation on firms and the means to prevent them.

The impact of corporate reputation on stock value

In the continuous development of the socialist market economy, corporate reputation as an intangible asset provides a unique and sustainable competitive advantage. The study found that in China 's stock market, when companies encounter a crisis, the negative impact on the stock value of companies with good reputation in the short term will be stronger than that of companies with poor reputation. However, in the long run, corporate reputation will have a ' shadow price ' role. It will quickly alleviate the negative impact of the crisis on the stock value of the company and will obtain significantly positive abnormal returns.When enterprises encounter benefits such as listing, good corporate reputation such as China 's time-honored enterprises can succeed in the financial market with good reputation and are favored by investors. Because its reputation can promote the compatibility of management interests and form a good cycle of consciously maintaining reputation, it shows good market performance and stock value.

Risk Analysis and Research of Construction Supply Chain

Supply Chain Management (SCM) is increasingly being used in various departments as a result of the development of global economic integration and manufacturing globalization. The construction industry is massive and the complexity of its supply chain poses some risks. According to research findings, the right information sharing, effective program monitoring, open communication channels, good corporate reputation, timely purchase of insurance, and use of innovative technology is a key weapon for dealing with construction industry supply chain risks. When selecting risk response measures, supply chain managers should prioritize risk avoidance, risk control, risk retention, and risk transfer. This article describes the internal and external hazards of the construction supply chain. Statistic and analysis of related papers. It also describes the concept and definition of construction supply chain risks, as well as a systematic review of relevant domestic literature. The risk research gap of construction supply chain is analyzed and provides a basis for future empirical research.

Direct investment characteristics, problems and countermeasures of Chinese enterprises in countries along the Belt and Road

The Belt and Road Initiative is a major strategy proposed by the Chinese government to strengthen economic ties with countries along the route and promote mutually beneficial cooperation. As an important practice of the Belt and Road Initiative, Chinese enterprises' direct investment in countries along the route shows some general characteristics, while Chinese enterprises also face various problems such as high investment risks, cultural differences, and social responsibility issues in the process of direct investment. This paper aims to conduct in-depth research on these issues and propose corresponding countermeasures to promote the investment activities of Chinese enterprises in countries along the Belt and Road. First of all, risk management measures should be adopted, a comprehensive assessment of political, economic, cultural and other factors in countries along the Belt and Road, scientific and reasonable investment plans should be formulated, and the supervision and risk control of investment projects should be strengthened. Second, we should pay attention to technical cooperation and personnel training, improve the technological level of countries along the Belt and Road through technology transfer and technological innovation, and promote economic development and regional cooperation. In addition, we need to pay attention to the social responsibility awareness of enterprises in the process of direct investment, pay attention to environmental protection, etc., and establish a good corporate image and reputation, so as to promote the realization of the "Belt and Road" initiative and jointly promote economic development and prosperity. Finally, this paper concludes that in the face of many problems and challenges, Chinese enterprises need to have a high degree of strategic vision, cultural understanding and risk management capabilities, while focusing on innovation and development, and are committed to achieving mutual benefit and win-win results and achieving common prosperity.

Financial Performance and Sustainable Corporate Reputation: Empirical Evidence from the Airline Business

A good corporate reputation is essential, and it is becoming increasingly relevant for both companies and stakeholders. In this context, Fortune magazine publishes an annual ranking of corporate reputation, therefore listing the most admired companies in the world. Since corporate reputation is considered an intangible asset, it is difficult for competing firms to create similar products or services in the long run. Numerous researchers have concluded that financial performance is strongly connected to corporate reputation. The purpose of this study was to elicit the importance of financial performance in determining an adequate sustainable level of corporate reputation. Using financial indicators and the VIKOR method for a sample of airline companies, we compared the rankings generated by the VIKOR method to the ones published by Fortune. Empirical results showed that when introducing additional financial indicators in the VIKOR method, the VIKOR ranking tends to become similar to the Fortune one. When we introduced 10 financial indicators in the VIKOR method, we obtained similar rankings in 8 of the 10 years of analysis. Our study addresses stakeholders who follow corporate reputation details and may assist them in formulating investment decisions by relying on financial results.

Mediating role of corporate reputation in the relationship between corporate social responsibility and repurchase intention: A case study of McDonald’s fast food restaurant chain

This study builds on a strong theoretical background to investigate the relationship between Corporate Social Responsibility (CSR) and consumer repurchase intention through a corporate reputation for McDonald’s distribution channel in Viet Nam. The study was carried out using two methods, qualitative and quantitative research. Qualitative research was conducted using deep interviews with twelve respondents. After being added from qualitative research, the official scale with twenty-one observed variables is used in quantitative research. A quantitative research approach with 279 valid samples was conducted to test the scale and theoretical model. Collected data were analyzed by using SPSS and AMOS software. The results demonstrated a positive impact of CSR on corporate reputation and repurchase intention. This study adds to the existing literature on the role of CSR in marketing by finding that a good corporate reputation along with relevant and integrated CSR activities has a much stronger impact on the repurchase intention of consumers. Findings from research have shown that inappropriate CSR practices can negatively impact the behavior of certain consumers. In the short term, McDonald’s CSR activities may convince consumers to repurchase, but it may not be very convincing and there is no guarantee that this repurchasing behavior will last, as only continuous CSR activities contribute to sustainable behaviour. Therefore, the theoretical contribution of this study is to introduce corporate reputation as a long-term benefit to the relationship between CSR and consumer repurchase intention.

THE INFLUENCE OF COMPANY CHARCTERISTICS, GOOD CORPORATE GOVERNANCE, REPUTATION AND SHAREHOLDER PRESSURE ON ENVIRONMENTAL DISCLOSURE

Environmental disclosure is a tool for the company to show its responsibilities to the environment. This study aims to investigate the influence of company characteristics, good corporate governance, reputation, and stakeholder pressure on environmental disclosure. This study uses purposive sampling technique and resulted a final sample of 53 (fifty three) manufacturing companies listed on IDX during 2017-2019. The analytic technique used in this study is multiple linear regression analysis. The result of this study shows that independent commissioners as part of good corporate governance mechanism, reputation and shareholders pressure have significant effect on environmental disclosure. Meanwhile, sales growth, profitability and environmental pressure have not significant effect on environmental disclosure. The conclusion of this study shows companies should consider any information needed by stakeholders, including environmental disclosure. For regulators, the results of this study can be a consideration to collaborate with parties that can increase awareness of the importance of environmental, such as independent commissioners and majority shareholders

Ability or social responsibility? Highlighting the effects of precrisis attitudinal foundations and certainty in product harm crises

AbstractCurrent corporate crisis literature is split on whether a good corporate reputation before a product harm crisis hurts or helps a company after the crisis. We argue that the current views on this issue miss two crucial elements: (1) the primary domain where the company's precrisis reputation lies in: corporate social responsibility contributions or corporate ability in providing quality products and services; and (2) consumers' attitude certainty developed from such precrisis reputation. Through an online experiment, our study not only provides a way to reconcile the current division in the literature but also provides insights for organizations to capitalize on their precrisis reputation when responding to the product harm crisis. Our results show that companies' precrisis reputation and consumer certainty developed from such a reputation matter more than companies' postcrisis communication in restoring consumer evaluations.

The Competitive Advantage Analysis of PT Halliburton Indonesia By Using Resource Based View

<p>This research is a descriptive quantitative research embodied in a case study of PT Halliburton Indonesia. This study is aimed to analyze the company competitive advantage with the resource-based approach, through the identification towards resources and capabilities that manifest the competitive advantage and sustainable competitive advantage for the company as well. The method for data collection was conducted through the data acquired from policy maker institutions in upstream oil and gas industry and the data from related research journals, as well as distributing questionnaires and interviews to 6 subject matter experts who are the associated officials of PT Halliburton Indonesia.</p><p>The research results show that there are 29 resources and 10 capabilities that influence the success of the company in the upstream oil and gas industry (strategic industry factors). Discussing in further, through the resources and capabilities appraising analysis, there are 16 resources and 8 capabilities identified as the key strengths of PT Halliburton Indonesia and become the competitive advantage for the company. Then through the VRIO test, 5 resources that become the sustainable competitive advantage for PT Halliburton Indonesia are identified. These resources are coiled tubing units, well-cementing units, packers and bridge plugs, subsurface safety valve equipment, and good corporate reputation towards clients.</p><p>This research provides an overview regarding the available resources that become the sustainable competitive advantage for PT Halliburton Indonesia. Therefore, its development, maintenance, and deployment become a priority for the company. The company needs to acts to exploit those potential tangible resources in an optimal manner through a series of continuous activities of research and technology development (R&D), in similar to the intangible resource, such as a good reputation towards the client. The company needs to maintain its good reputation through the standard fulfillment of quality service in various aspects.</p>

The Effect of Environmental, Social, and Governance (ESG) Performance and Disclosure on Cost of Debt: The Mediating Effect of Corporate Reputation

Prior studies on the relationship between ESG information and cost of debt have found mixed results. They conclude that this relationship may be affected by some characteristics or attributes of the company. In this study, we examine whether corporate reputation mediates the relationship between ESG information and cost of debt. In other words, this study explores how ESG information influences corporate reputation, and how, in turn, corporate reputation affects the cost of debt financing. Data for corporate reputation were obtained from the Fortune “World’s Most Admired Companies” List, whereas data on ESG information were extracted from two sources: ESG performance were obtained from Sustainalytics database and ESG disclosure were obtained from Bloomberg database. Data on cost of debt and other control variables were also collected from Bloomberg database. Using structural equation models, we report a positive effect of both ESG performance and disclosure on corporate reputation. We also find that a good corporate reputation reduces the cost of debt financing and mediates the relationship between ESG performance/disclosure and cost of debt. We therefore conclude that firms that manage and disclose information on ESG issues have a better reputation, which in turn reduces their debt financing costs.

An Empirical Study on the Influence Mechanism of Charitable Donations of Small and Medium-sized Enterprises on Corporate Reputation in Sichuan, China

Corporate reputation would be an essential intangible asset of an enterprise. A good corporate reputation could bring many high-quality resources to the enterprise, thereby effectively improving its competitiveness. As a company, charitable donations, the most important manifestation of fulfilling social responsibilities, could receive more and more attention. Charitable contributions made by companies would affect the reputation of the company to a certain extent. In theory, corporate reputation as a signal could solve the problems faced by companies to a certain extent. A good reputation could usually bring higher performance to the company and could also be used as a signal to reflect corporate value. This study analyzed the Sichuan SMEs’ policy on charitable donation. It investigated three significant objectives with challenges SMEs faced in coping with local corporate reputation, utilizing influencing factors of operational advantages, and suggesting improvement on corporate reputation.

Investment returns from reputation investing: do good firms provide good returns?

PurposeThis study aims to examine whether a good corporate reputation leads to superior investment returns. Theory and empirics provide support for the idea that a good corporate reputation improves firm value, but much of the previous research fails to consider the risk of the companies they study and relies only on accounting measures of performance such as return on assets. A complete picture of the relationship between corporate reputation and shareholder value should include risk-adjusted returns and correlation with benchmark returns.Design/methodology/approachThe Harris Poll Reputation Quotient (RQ), based on the reputations of the 100 most visible companies, suggests that companies with a “solid reputation” are more likely to be attractive investments. The authors construct portfolios using deciles and the RQ categories, rebalancing annually as RQ rankings are updated. Returns are adjusted for risk using Jensen's alpha, the information ratio, the Sharpe ratio, Modigliani and Modigliani's M2 measure, and Muralidhar's M3 measure.FindingsThe results indicate that choosing a portfolio based on the highest RQ-ranked firms does outperform the market on a risk-adjusted basis, and that the relationship between rankings and time-weighted returns is roughly monotonic. The authors also observe that corporate reputation is persistent, and that the best and worst most-visible firms are more likely to be privately held.Originality/valueThis research adds to the literature by including both market-based return measures and risk in the examination of the relationship between corporate reputation and financial performance.

The Impact of Corporate Reputation on the Cost of Equity as Mediated by Earnings Quality

A good corporate reputation is essential for a company because it can create value and an intangible asset that makes it difficult for competitors to replicate. This study investigates the effect of company reputation on the cost of equity through earnings quality as an intervening variable. The Corporate Image Index measures the reputation of the company in this study. The cost of equity is measured using the Ohlson method. Modified Jones measures earnings quality as an intervening variable. The sample used in this study were non-financial companies listed on the Indonesia Stock Exchange and the Corporate Image Index from 2016 to 2018. The sample selection was carried out using the purposive sampling method, with a total sample of 189 companies. This research uses a path analysis method with the help of SPSS version 23 software. The theory used in this research is agency theory. Based on this study's statistical results, the company's reputation does not have a significant effect on earnings quality but has a negative and significant effect on the cost of equity. This study also shows that earnings quality has a negative and significant effect on the cost of equity. In addition, the results of the Sobel test show that earnings quality does not mediate the relationship between company reputation and cost of equity.

The Link between Corporate Reputation and Financial Performance and Equilibrium within the Airline Industry

This study examines how corporate reputation is perceived by investors through the financial performance and equilibrium of several airline companies. We used a sample of 22 companies. Nineteen are listed in the World Airline Awards 2018 ranking based on client satisfaction, and three companies are included in the Fortune ranking and enjoying the best corporate reputations in the airline industry. The analyzed period was 2016–2018. The purpose of this study was to rank airline companies based on financial indicators by means of the TOPSIS method to see whether the companies included in the Fortune ranking would keep a similar hierarchy. Results indicated that companies maintained a similar order in the TOPSIS ranking after considering financial performance and equilibrium indicators. The overall conclusion was that companies with a good financial performance and equilibrium enjoyed a good corporate reputation from investors’ point of view.

The Impact of Corporate Reputation on the Cost of Equity as Mediated by Earnings Quality

Good corporate reputation is important for companies because of their potential for value creation and also as intangible asset which makes it difficult for competitors to replicate it. This research is aimed to investigate the effect of corporate reputation and cost of equity through earning quality as a mediating variable. Corporate reputation is measured by Corporate Image Index. Cost of Equity is measured by Ohlson Method. The earning quality as an intervening variable is measured by Modified Jones. The sample used in this study were non-financial companies listed on the Indonesia Stock Exchange and Corporate Image Index from 2016 to 2018. The sample was selected using purposive sampling method. The number of sample resulted from this method are 189 companies. This study used path analysis method and supported by SPSS version 23. The theory used in this study is agency theory. Based on statistical results this study indicate that there is no significant relationship between corporate reputation and earning quality but has negative and significant relationship to cost of equity. This study also shows that earning quality has a negative and significant effect on the cost of equity. In addition, Sobel’s test results show that earning quality does not mediate the effect of corporate reputation and cost of equity

Code of ethics and conduct in the light of corporate governance: the stakeholders' perspective

Purpose: To evaluate the theme "Code of Ethics and Conduct" in private or public organizations, considering the relationship between ethical issues and good practices in Corporate Governance, measures that subsidize the planning and strengthening of ethical cultures in the interpersonal context.Design / methodology / approach: The descriptive survey relied on the application of questionnaires and obtained 184 responses from organizations of various types. The study was carried out using codes of conduct made available by companies on their websites, characterized as primary sources. The data collected were worked in the SPSS, tabulated and presented as results in the form of tables or graphs, with appropriate analyses.Findings: The results show the adoption of good practices of integrity, especially on the Code of Ethics and Conduct. The adoption of an ethical code can be considered a way to formalize, encourage and guide responsible behavior among employees and organizations. Seen from the outside, it contributes to creating and maintaining a good corporate reputation and stakeholder trust. In this sense, the reasons behind the creation of a code have been stated in the Shareholders' Theory, the Legitimacy Theory and the Stakeholder Theory.Originality / value: The Code of Ethics and Conduct arises as an instrument to guide ethical behavior in organizations. Therefore, it is the declaration of the set of rights, duties, business conduct towards stakeholders, reflecting the culture and set of norms that enrich the company's decision-making processes and guide its behavior.

The View of Customers Towards the Usage of Cause-Related Marketing to Build Good Corporate Reputation

Abstract This paper analyses the usage of cause-related marketing to build good corporate reputation by empirically evaluating and comparing it from the view of customers. After conceptualization of theoretical insights on the use of cause-related marketing, while building good corporate reputation, there are presented research results from the point of view of customers on cause-related marketing to build good corporate reputation.