Family presence, family firm reputation and perceived financial performance: Empirical evidence from the Philippines

Journal of Family Business Strategy - Tập 10 - Trang 49-56 - 2019
Andrea Santiago1, Shweta Pandey2, Ma. Theresa Manalac1
1Asian Institute of Management, 123 Paseo de Roxas, Legaspi Village, Makati City, 1229, Philippines
2De La Salle University, Taft Avenue, Manila, 1004, Philippines

Tài liệu tham khảo

Abratt, 2012, Corporate identity, corporate branding, and corporate reputations: Reconciliation and integration, European Journal of Marketing, 46, 1048, 10.1108/03090561211230197 Akbar, 2016, Factors affecting the individual decision making: A case study of the Islamabad Stock Exchange, European Journal of Economic Studies, 15, 242 Akhter, 2013, Behavioral aspects of individual investors for investment in Bangladesh stock market, International Journal of Ethics in Social Sciences, 1, 57 Ali, 2015, The moderating influences on the relationship of corporate reputation with its antecedents and consequences: A meta-analytic review, Journal of Business Research, 68, 1105, 10.1016/j.jbusres.2014.10.013 Arijs, 2018, Family business employer brand: Understanding applicants’ perceptions and their job pursuit intentions with samples from the US and Belgium, Journal of Family Business Strategy, 9, 180, 10.1016/j.jfbs.2018.08.005 Asgarnezhad Nouri, 2017, Empirical analysis of the financial behavior of investors with brand approach (Case Study: Tehran Stock Exchange), Scientific Annals of Economics and Business, 64, 97, 10.1515/saeb-2017-0007 Aspara, 2009, Stock ownership as a motivation of brand-loyal and brand-supportive behaviors, The Journal of Consumer Marketing, 26, 427, 10.1108/07363760910988247 Aspara, 2013, The role of product and brand perceptions in stock investing: Effects on investment considerations, optimism, and confidence, Journal of Behavioral Finance, 14, 195, 10.1080/15427560.2013.819803 Aspara, 2008, Interactions of individuals’ company-related attitudes and their buying of companies’ stocks and products, Journal of Behavioral Finance, 9, 85, 10.1080/15427560802107462 Aspara, 2011, Individuals’ affect-based motivations to invest in stocks: Beyond expected financial returns and risks, Journal of Behavioral Finance, 12, 78, 10.1080/15427560.2011.575970 Astrachan, 2008, Performance of family firms: A literature review and guidance for future research, Zeitschrift für KMU und Entrepreneurship, 56 Barber, 2008, All that glitters: The effect of attention and news on the buying behavior of individual and institutional investors, The Review of Financial Studies, 21, 785, 10.1093/rfs/hhm079 Beck, 2018, Family firm reputation and humanization: Consumers and the trust advantage of family firms under different conditions of brand familiarity, Family Business Review, 10.1177/0894486518792692 Berrone, 2012, Socioemotional wealth in family firms: Theoretical dimensions, assessment approaches, and agenda for future research, Family Business Review, 25, 258, 10.1177/0894486511435355 Bingham, 2011, A stakeholder identity orientation approach to corporate social performance in family firms, Journal of Business Ethics, 99, 565, 10.1007/s10551-010-0669-9 Binz, 2013, Exploring the effect of distinct family firm reputation on consumers’ preferences, Journal of Family Business Strategy, 4, 3, 10.1016/j.jfbs.2012.12.004 Binz-Astrachan, 2014 Binz-Astrachan, 2017, “We are a family firm” an exploration of the motives for communicating family brand, Journal of Family Business Management, 8, 2, 10.1108/JFBM-01-2017-0002 Binz-Astrachan, 2018, Branding the family firm: A review, integrative framework proposal, and research agenda, Journal of Family Business Strategy, 9, 3, 10.1016/j.jfbs.2018.01.002 Binz-Astrachan, 2014, A comparative study of CB-SEM and PLS-SEM for theory development in family firm research, Journal of Family Business Strategy, 5, 116, 10.1016/j.jfbs.2013.12.002 Blombäck, 2013, Reputational capital in family firms: Understanding uniqueness from the stakeholder point of view, 677 Blombäck, 2013, The dual opening to brand heritage in family business, Corporate Communications an International Journal, 18, 327, 10.1108/CCIJ-01-2012-0010 Botero, 2010, Leveraging the family brand: Using brand management to highlight the advantages of family firms, Presented at the 10th Annual IFERA World Family Business Research Conference Brown, 2006, Identity, intended image, construed image, and reputation: An interdisciplinary framework and suggested terminology, Journal of the Academy of Marketing Science, 34, 99, 10.1177/0092070305284969 Cabral, 2016, Media exposure and corporate reputation, Research in Economics, 70, 35, 10.1016/j.rie.2016.07.004 Carretta, 2011, The impact of corporate governance press news on stock market returns, European Financial Management, 17, 100, 10.1111/j.1468-036X.2010.00548.x Chandler, 2019, Family Involvement Signals in Initial Public Offerings, Journal of Family Business Strategy, 10, 10.1016/j.jfbs.2019.01.004 Churchill, 1984, Research design effects on the reliability of rating scales: A meta-analysis, Journal of Marketing Research, 4, 360, 10.1177/002224378402100402 Cohen, 1988 Cole, 2012, The impact of reputation on market value, World Economics, 13, 47 Connelly, 2011, Signaling theory: A review and assessment, Journal of Management, 37, 39, 10.1177/0149206310388419 Conte, 2018, Understanding the influence of CEO Tenure and CEO reputation on corporate reputation: An exploratory study in Italy, International Journal of Business and Management, 13, 54, 10.5539/ijbm.v13n3p54 Craig, 2007 Cravens, 2006, Employees: The key link to corporate reputation management, Business Horizons, 49, 293, 10.1016/j.bushor.2005.10.006 Da Camara, 2007, Brand and reputation: Equals or opposites?, Henley Manager Update, 18, 11, 10.1177/174578660701800402 De Vries, 2017, The familiar versus the unfamiliar: Familiarity bias amongst individual investors, Acta Commercii, 17, a366, 10.4102/ac.v17i1.366 Deephouse, 2013, Do family firms have better reputations than non-family firms? An integration of socioemotional wealth and social identity theories, Journal of Management Studies, 50, 337, 10.1111/joms.12015 Delgado García, 2014, How does CEO reputation matter? Impact of CEO reputation on corporate reputation and performance in Spain, Paper Presented at the British Academy of Management Conference Delgado García, 2010, The impact of ownership structure on corporate reputation: Evidence from Spain, Corporate Governance an International Review, 18, 540, 10.1111/j.1467-8683.2010.00818.x Dyer, 2006, Family firms and social responsibility: Preliminary evidence from the S&P500, Entrepreneurship Theory and Practice, 30, 785, 10.1111/j.1540-6520.2006.00151.x Fernández-Gámeza, 2016, Corporate reputation and market value: Evidence with generalized regression neural networks, Expert Systems With Applications, 46, 69, 10.1016/j.eswa.2015.10.028 Frieder, 2003 Fukuyama, 1995 Garcia-Meca, 2018, Board composition and firm reputation: The role of business experts, support specialists, and community influential, Business Research Quarterly, 21, 111, 10.1016/j.brq.2018.01.003 Hair, 2014, Partial least squares structural equation modeling (PLS-SEM): An emerging tool in business research, European Business Review, 26, 106, 10.1108/EBR-10-2013-0128 Han-Min Wang, 2016, Exploring the value relevance of corporate reputation: A fuzzy-set qualitative comparative analysis, Journal of Business Research, 69, 1329, 10.1016/j.jbusres.2015.10.101 Helm, 2007, One reputation or many? Comparing stakeholders’ perceptions of corporate reputation, Corporate Communications an International Journal, 12, 238, 10.1108/13563280710776842 Henseler, 2015, A new criterion for assessing discriminant validity in variance-based structural equation modeling, Journal of the Academy of Marketing Science, 43, 115, 10.1007/s11747-014-0403-8 Hoyle, 2002 Huybrechts, 2011, The distinctiveness of family firm intangibles: A review and suggestions for future research, Journal of Management & Organization, 17, 268, 10.1017/S1833367200001656 Irava, 2010, Clarifying the strategic advantage of familiness: Unbundling its dimensions and highlighting its paradoxes, Journal of Family Business Strategy, 1, 131, 10.1016/j.jfbs.2010.08.002 Isakov, 2015, Pay-out policies in founding family firms, Journal of Corporate Finance, 33, 330, 10.1016/j.jcorpfin.2015.01.003 Jagongo, 2014, A survey of the factors influencing investment decisions: The case of individual investors at the NSE, International Journal of Humanities and Social Science, 4, 92 Jian, 2011, Does CEO reputation matter for capital investments?, Journal of Corporate Finance, 17, 929, 10.1016/j.jcorpfin.2011.04.004 Kashmiri, 2010, What’s in a name? An analysis of the strategic behavior of family firms, International Journal of Research in Marketing, 27, 271, 10.1016/j.ijresmar.2010.04.001 Keloharju, 2010 Keloharju, 2011 Keloharju, 2012, Do investors buy what they know? Product market choices and investment decisions, The Review of Financial Studies, 25, 2921, 10.1093/rfs/hhs090 Kets de Vries, 1993, The dynamics of family-controlled firms: The good and the bad news, Organizational Dynamics, 21, 59, 10.1016/0090-2616(93)90071-8 Le Breton-Miller, 2006, Why do some family businesses out-compete? Governance, long term orientations, and sustainable capability, Entrepreneurship Theory and Practice, 30, 731, 10.1111/j.1540-6520.2006.00147.x Love, 2017, The face of the firm: The influence of CEOs on corporate reputation, The Academy of Management Journal, 60, 1462, 10.5465/amj.2014.0862 Lude, 2018, Risky decisions and the family firm bias: An experimental study based on prospect theory, Entrepreneurship Theory and Practice Ma, 2016, Family control, accounting mis-statements, and market reactions to restatements: Evidence from China, Emerging Market Review, 28, 1, 10.1016/j.ememar.2016.06.001 Maden, 2012, Linking corporate social responsibility to corporate reputation: A study on understanding behavioral consequences, Procedia - Social and Behavioral Sciences, 58, 655, 10.1016/j.sbspro.2012.09.1043 Matherne, 2017, Beyond organizational identification: The legitimization and robustness of family identification in the family firm, Journal of Family Business Strategy, 8, 170, 10.1016/j.jfbs.2017.08.001 McCorkindale, 2008, Does familiarity breed contempt? Analyses of the relationship among company familiarity, company reputation, company citizenship, and company personality on corporate equity, Public Relations Review, 34, 392, 10.1016/j.pubrev.2008.09.014 Olivares-Delgado, 2016, An approach to patronymic names as a resource for familiness and as a variable for family business identification, European Journal of Family Business, 6, 32, 10.1016/j.ejfb.2016.06.001 Pedersen, 2003, Ownership structure and value of the largest European firms: The importance of owner identity, Journal of Management and Governance, 7, 27, 10.1023/A:1022480016567 Poutziouris, 2015, Family involvement and firm performance: Evidence from UK listed firms, Journal of Family Business Strategy, 6, 14, 10.1016/j.jfbs.2014.12.001 Rhee, 2009, Contextual factors surrounding reputation damage with potential implications for reputation repair, The Academy of Management Review, 34, 146, 10.5465/amr.2009.35713324 Sageder, 2015, Reputation of family firms from customer perspective, International Journal of Business Research, 15, 11, 10.18374/IJBR-15-2.2 Sageder, 2016, Image and reputation of family firms: A systematic literature review of the state of research, Review of Managerial Science, 12, 1 Sarstedt, 2014, Partial least squares structural equation modeling (PLS-SEM): A useful tool for family business researchers, Journal of Family Business Strategy, 5, 105, 10.1016/j.jfbs.2014.01.002 Schoenbachler, 2004, Building brand loyalty through individual stock ownership, Journal of Product and Brand Management, 13, 488, 10.1108/10610420410568426 Shanmugham, 2012, Impact of social factors on individual investors’ trading behaviour, Procedia Economics and Finance, 2, 237, 10.1016/S2212-5671(12)00084-6 Siikanen, 2018, Facebook drives behavior of passive households in stock markets, Finance Research Letters, 27, 208, 10.1016/j.frl.2018.03.020 Stanley, 2014, The role of interorganizational trust and organizational efficacy in family and nonfamily firms, Journal of Family Business Strategy, 5, 264, 10.1016/j.jfbs.2013.07.001 Tat Keh, 2009, Corporate reputation and customer behavioral intentions: The roles of trust, identification and commitment, Industrial Marketing Management, 38, 732, 10.1016/j.indmarman.2008.02.005 Tetlock, 2007, Giving content to investor sentiment: The role of media in the stock market, The Journal of Finance, 62, 1139, 10.1111/j.1540-6261.2007.01232.x Tracey, 2014 Turban, 2003, Firm reputation and applicant pool characteristics, Journal of Organizational Behavior, 24, 733, 10.1002/job.215 Ward, 1997, Growing the family business: Special challenges and best practices, Family Business Review, 10, 323, 10.1111/j.1741-6248.1997.00323.x Weimiao, 2010, Factors affecting response rates of the web survey: A systematic review, Computers in Human Behavior, 26, 132, 10.1016/j.chb.2009.10.015 Wielsma, 2015, Corporate reputation and the family business, 233 Zajonc, 1968, Attitudinal effects of mere exposure, Journal of Personality and Social Psychology, 9, 1, 10.1037/h0025848 Zellweger, 2012, Building a family firm image: How family firms capitalize on their family ties, Journal of Family Business Strategy, 3, 239, 10.1016/j.jfbs.2012.10.001 Zellweger, 2011, Why do family firms strive for nonfinancial goals? An organizational identity perspective, Entrepreneurship Theory and Practice, 37, 1