Re-Building a Damaged Corporate Reputation: How the Australian Wheat Board (AWB) Overcame the Damage of the UN ‘Oil For Food’ Scandal to Successfully Reintegrate into the Australian Wheat Marketing Regulatory Regime

Grebe, Sasha Karl

doi:10.1057/crr.2013.5

Cited by 2 publications

(1 citation statement)

References 35 publications

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“…In psychology, attribution theory states that people seek to understand the cause of events—especially adverse events. Stakeholders want to understand whether the underlying cause was sabotage, an accident, negligence, or even intent (Grebe, 2013). The more a firm is found to be responsible, the greater the risk that its reputation will be damaged (Benoit, 1997; Coombs, 2007) and the more it will be expected to do for its victims.…”

Section: Prior Research and Hypothesesmentioning

confidence: 99%

An examination of management responsibility in shock events on shareholders’ wealth and reputation‐repair actions to rebound losses

Buzinkai

El-Gazzar

2021

Rev Financ Econ

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Prior research in corporate shock events has extensively examined the consequences of catastrophic events with greater emphasis on the results and general management response actions. Current literature lacks (to the best of the authors' knowledge) evidence on the impact of management attributed responsibility on shareholders' wealth and reputationrepair actions. In this paper, we use a sample of corporate shock events, with attributed-firm responsibility ranging from weak to strong and investigate: (a) the effects of firm responsibility for the event on shareholders' value, and (b) the reputation-repair actions firms pursue to mitigate losses. This study extends prior research on corporate shock events by measuring the incremental effects of attributed-firm responsibility in shock events and the reputation-repair actions taken by firms.

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Section: Prior Research and Hypothesesmentioning

confidence: 99%