The Mediating Effect of Innovation on the Relationship between Corporate Reputation and Performance in U.S. Firms

Alvarado-Vargas, Marcelo J.

doi:10.25148/etd.fi13080721

Cited by 6 publications

(13 citation statements)

References 164 publications

(208 reference statements)

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“…There is vast research exploring the reputation-performance liaison. Some studies point towards positive impact of corporate reputation on financial performance (McGuire et al , 1990; Roberts and Dowling, 2002; Anderson and Smith, 2006; Sánchez and Sotorrío, 2007; Zhang and Rezaee, 2009; Lee and Jungbae Roh, 2012; Alvarado-Vargas, 2013; Hall and Lee, 2014; Raithel and Schwaiger, 2015; Wang and Berens, 2015); others document existence of relation in opposite direction i.e. prior financial performance to affect corporate reputation (McGuire et al , 1988; Hammond and Slocum, 1996; Dunbar and Schwalbach, 2000).…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

“…Table I depicts that the relationship between corporate reputation and financial performance has been well explored by the researchers and academicians but to conclude inconsistent findings. Some researchers have reported positive link between corporate reputation and subsequent financial performance (Roberts and Dowling, 2002; Eberl and Schwaiger, 2005; Anderson and Smith, 2006; Sánchez and Sotorrío, 2007; Lee and Jungbae Roh, 2012; Alvarado-Vargas, 2013; Hall and Lee, 2014; Raithel and Schwaiger, 2015; Wang and Berens, 2015), while others have failed to notice this link. For instance, Inglis et al (2006) and Tomak (2014) have not been able to find conclusive evidence to support any link between corporate reputation and financial performance.…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

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Disentangling the reputation – performance paradox: Indian evidence

Kaur

Singh

2020

JIBR

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Purpose The purpose of this study is to examine the existence of bi-directional relation between corporate reputation and financial performance in developing nation like India. Design/methodology/approach The study conducts panel regression analysis on data collected from annual reports of Indian companies constituting BSE 500 index over a period of 10 years (1 April, 2002 to 31 March, 2012). Findings The results of the study point towards the existence of strong positive bi-directional liaison between reputation and performance in India, thereby confirming the presence of “vicious circle” in context of emerging economy like India. The results are in line with the findings of Roberts and Dowling (2002) and Eberl and Schwaiger (2005), who asserted existence of reputational “vicious circle” in developed nations. Research limitations/implications The current study measures the performance of companies through accounting-based measures only. However, incorporating market-based measures could have provided better insights into the relationship between corporate reputation and financial performance. The period of study pertains to the pre-mandatory regime, wherein changes brought about by the enactment of companies act, 2013 is out of the scope of the present research. Practical implications It is argued that in actual practice managers should realise the ingenuity of intangible resources and incorporate them into their strategical plans. It is high time that corporate managers of developing nations give impetus to reputation building activities and uphold a good reputation to improve their financial outcomes. Thus, where good financial performance seems indispensable to build a good reputation, at the same time having the resource (good reputation) is not sufficient, its nurturing, management and effective use is all the more crucial if it is to improve financial performance. Originality/value There exists hardly any study comprehensively examining the relationship between corporate reputation and financial performance in the Indian context. This is the first known study to empirically test the lag relation between corporate reputation and financial performance in the Indian market. The study is unique as it follows a different approach in measuring corporate reputation. It is the first longitudinal study to analyse the bi-directional reputation-performance liaison in an emerging economy like India.

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Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

Disentangling the reputation – performance paradox: Indian evidence

Kaur

Singh

2020

JIBR

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“…In the literature, many number of effort has been performed to analyze the mediating effect of innovation on the relationship between several dimensions. Among the studies, the mediatıng effect of innovation on the relationship between corporate reputation and performance in US fırms (Alvarado-Vargas, 2013), between business networking and Innovation and firm performance business performance (Mpando and Sandada, 2015), between learning organization and organizational performance (Alipour and Karimi, 2011), between technology orientation and firm performance (Lee et al, 2015) and between knowledge management and business performance (Byukusenge and Munene, 2017) have been examined in the literature. Innovation may have a crucial mediation importance that explains the link between technology transfer and firm performance.…”

Section: H2c Technology Transfer Has a Positive Effect On Marketing Innovationmentioning

confidence: 99%

Technology transfer and its impact on innovation and firm performance: empirical evidence from Turkish export companies

Çinar

Altuntaş

Alan

2020

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Purpose The purpose of this study is to determine the relationships between technology transfer, innovation and firm performance. Design/methodology/approach The relationship between technology transfer, innovation and firm performance is examined by using data obtained from 252 Turkish export firms, which are among the top 1,000 firms in terms of export volume in Turkey. To examine these relationships, a theoretical framework is empirically tested using structural equation modeling and tested via an empirical study of Turkish export companies. Findings The results of this study can benefit policymakers in government at the national level and company decision-makers at the firm level. Furthermore, an understanding of the relationship between technology transfer, innovation and firm performance may help firms to make correct technology transfer decisions and focus on the correct type of innovation to increase firm performance in practice. The findings indicate the positive effects of technology transfer on innovation and firm performance. In addition, innovation mediates the relationship between technology transfer and firm performance in Turkish export companies. This study suggests that decision-makers should transfer the right technology because well-realized technology transfers lead to the improvement of corporate innovation capacities and improvement of firm performances for export companies. Originality/value There is no study that fully examined the relationship between technology transfer, innovation and firm performance. The proposed literature-based theoretical framework in this study is novel for Turkish export companies.

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“…The relation between corporate reputation and financial performance has been well explored by researchers and academicians but to conclude inconsistent findings. Some studies have reported positive link between corporate reputation and subsequent financial performance (Alvarado-Vargas, 2013; Anderson & Smith, 2006; Eberl & Schwaiger, 2005; Hall & Lee, 2014; Lee & Roh, 2012; Raithel & Schwaiger, 2015; Roberts & Dowling, 2002; Stuebs & Sun, 2010; Wang & Berens, 2015), while others have failed to notice this link. For instance, Rose and Thomsen (2004) and Inglis, Morley and Sammut (2006) have not been able to find a conclusive evidence to support a positive link between corporate reputation and subsequent financial performance.…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

“…An effort has been made to relate this success mantra with financial performance to ensure whether reputed Indian companies portray improved financial performance or not. Most of the empirical work capturing the relation between corporate reputation and financial performance (Alvarado-Vargas, 2013;Anderson & Smith, 2006;Eberl & Schwaiger, 2005;Hall & Lee, 2014;Lee & Roh, 2012;Raithel & Schwaiger, 2015;Roberts & Dowling, 2002;Stuebs & Sun, 2010;Wang & Berens, 2015) is in context of developed nations. The study is unique in the sense that it conducts reputation research in a different economic setting to examine the international robustness of findings of other nations (Brammer, Millington, & Pavelin, 2009).…”

Section: Introductionmentioning

confidence: 99%

Re-examining Reputation–Performance Liaison in Indian Context

Kaur

Singh

2018

Business Perspectives and Research

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Prolific research examining the impact of a good corporate reputation on financial performance has bestowed equivocal findings. Despite this inclusivity, corporate reputation continues to gain impeccable importance in sustaining superior performance. Corporate reputation has emerged as an important asset in emerging markets such as India, where firms are facing competition at the global level. An endeavor has been made through current study to reexamine the reputation-performance liaison in a different economic setting deploying a different measure of corporate reputation. Panel regression technique has been applied on top 500 Indian companies constituting Bombay Stock Exchange (BSE) 500 index to observe the impact of corporate reputation on subsequent financial performance during the period ranging from April 1, 2002 to March 31, 2012. The findings of the study reveal that past reputation (captured through listing age) has a significant positive impact on all three measures of financial performance (return on assets [ROA], return on equity [ROE], and asset turnover ratio [ATR]). Hence, the results are in line with previous studies that consider reputation as a strategic resource necessary to enhance firm performance. The study bears significant implications for corporate managers that they should manage the reputation of their organization effectively and use it as a strategic tool to gain competitive advantage.

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The Mediating Effect of Innovation on the Relationship between Corporate Reputation and Performance in U.S. Firms

Cited by 6 publications

References 164 publications

Disentangling the reputation – performance paradox: Indian evidence

Disentangling the reputation – performance paradox: Indian evidence

Technology transfer and its impact on innovation and firm performance: empirical evidence from Turkish export companies

Re-examining Reputation–Performance Liaison in Indian Context

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