Competitiveness through Management of Diversity: Effects on Stock Price Valuation

Wright, Peter; Ferris, Stephen P.; Hiller, Janine S.; Kroll, Mark

doi:10.5465/256736

Cited by 86 publications

(101 citation statements)

References 33 publications

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“…Structural attributes, such as decentralized decision-making (Turban and Keon, 1993) and reward systems (Bretz et al, 1989), are shown to influence perceptions of attractiveness (Backhaus et al, 2002). Organizations with positive affirmative action programs are more successful in attracting high-quality applicants (Wright et al, 1995). For example, Turban and GreeningÕs (1997) study has found a positive relationship between published ratings of firmsÕ CSR and participantsÕ ratings of firmsÕ attractiveness.…”

Section: Csr Associationsmentioning

confidence: 96%

“I Need You Too!” Corporate Identity Attractiveness for Consumers and The Role of Social Responsibility

2006

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The extent to which people identify with an organization is dependent on the attractiveness of the organizational identity, which helps individuals satisfy one or more important self-definitional needs. However, little is known about the antecedents of company identity attractiveness (IA) in a consumer-company context. Drawing on theories of social identity and organizational identification, a model of the antecedents of IA is developed and tested. The findings provide empirical validation of the relationship between IA and corporate associations perceived by consumers. Our results demonstrate that the Corporate Social Responsibility (CSR) contribution to company IA is much stronger than that of Corporate Ability (CA). This may be linked to increasing competition and of decreasing CA-based variation in the marketplace.

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Section: Csr Associationsmentioning

confidence: 96%

“I Need You Too!” Corporate Identity Attractiveness for Consumers and The Role of Social Responsibility

2006

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“…Other research has found that stock prices react favourably when companies win affirmative action awards and negatively when they settle employment discrimination suits (Wright et al, 1998). Studies on ethical investors indicate that while many investors may want to invest in accord with their ethical attitudes and beliefs, their actual choice of investments is shaped by a complex mixture of motives, including a desire to get a good return on their investments as well as doing well by supporting companies with reasonably 'pure' track records.…”

Section: Ethical Investorsmentioning

confidence: 98%

A Survey of Managers’ Perceptions of Corporate Ethics and Social Responsibility and Actions that may Affect Companies’ Success

2007

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This exploratory study examines how managers and professionals regard the ethical and social responsibility reputations of 60 well-known Australian and International companies, and how this in turn influences their attitudes and behaviour towards these organisations. More than 350 MBA, other postgraduate business students, and participants in Australian Institute of Management (Western Australia) management education programmes were surveyed to evaluate how ethical and socially responsible they believed the 60 organisations to be. The survey sought to determine what these participants considered 'ethical' and 'socially responsible' behaviour in organisations to be. The survey also examined how the participants' beliefs influenced their attitudes and intended behaviours towards these organisations. The results of this survey indicate that many managers and professionals have clear views about the ethical and social responsibility reputations of companies. This affects their attitudes towards these organisations which in turn has an impact on their intended behaviour towards them. These findings support the view in other research studies that well-educated managers and professionals are, to some extent, taking into account the ethical and social responsibility reputations of companies when deciding whether to work for them, use their services or buy shares in their companies.

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“…The event study assumes that the market, on balance, can accurately discern the announced transaction's worth. This approach has emerged as a popular method for measuring the effects of various economically relevant factors on the market value of corporations (Caves, 1989;Desai, Kroll, & Wright, 2005;Lubatkin & Shrieves, 1986;Wright, Ferris, Hiller, & Kroll, 1995). An advantage of the eventstudy methodology is that it is "able to evade the problem of holding constant other factors that plague ex post studies of mergers' effects" (Caves, 1989: 151).…”

Section: Dependent Variablementioning

confidence: 98%

Cross-border mergers and acquisitions by Chinese listed companies: A principal–principal perspective

2009

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Competitiveness through Management of Diversity: Effects on Stock Price Valuation

Cited by 86 publications

References 33 publications

“I Need You Too!” Corporate Identity Attractiveness for Consumers and The Role of Social Responsibility

“I Need You Too!” Corporate Identity Attractiveness for Consumers and The Role of Social Responsibility

A Survey of Managers’ Perceptions of Corporate Ethics and Social Responsibility and Actions that may Affect Companies’ Success

Cross-border mergers and acquisitions by Chinese listed companies: A principal–principal perspective

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