The Financial Performance-Corporate Reputation Nexus in Turkey in the Institutional Theory Context

Mehmet Ali PİŞKİN, (Doğuş Üniversitesi, İktisadi ve İdari Bilimler Fakültesi, İktisat Bölümü, İstanbul, Türkiye)
Ayşe İLGÜN KAMANLI (Doğuş Üniversitesi, İktisadi ve İdari Bilimler Fakültesi, İşletme Bölümü, İstanbul, Türkiye)
Doğuş Üniversitesi Dergisi
0 0
Yıl: 2020 Cilt: 21 Sayı: 1 Sayfa Aralığı: 117 - 132 Metin Dili: İngilizce İndeks Tarihi: 31-10-2020

The Financial Performance-Corporate Reputation Nexus in Turkey in the Institutional Theory Context

Öz:
The scholars who indicate the institutional quality as one of mainsources of economic growth state that any endeavor of companies increasingproduction and employment are no longer sufficient for sustainable growth.Therefore, economies need intangible assets such as corporate reputation (CR). CRentirely depends on stakeholders’ perception. In this study, we investigate thepotential linkage between CR and financial performances of companies, which canaffect the stakeholders’ perception, in Turkey between 2006 and 2016. The resultsshow that any increase in companies’ assets fosters the perceptions of stakeholders innext period while a raise in indebtedness causes worse reputation
Anahtar Kelime:

Kurumsal Teori Bağlamında Türkiye’de Finansal Performans-Firma İtibarı İlişkisi

Öz:
İktisadi büyümenin ana kaynaklarından biri olarak kurumsal kaliteyi gösteren araştırmacılar, sürdürülebilir büyüme için firmaların üretim ve istihdam artışı sağlama çabalarının artık yeterli olmadığını belirtmektedirler. Dolayısıyla ekonomilerin firma itibarı gibi maddi olmayan duran varlıklara ihtiyaçları vardır. Firma itibarı tamamen paydaşların algılarına dayanmaktadır. Bu çalışmada, Türkiye’de 2006-2016 yılları arasında firma itibarı ile paydaşların algılarını etkileyebilen finansal performans arasındaki potansiyel ilişki incelenmektedir. Sonuçlar, şirketlerin varlıklarındaki herhangi bir artışın bir sonraki dönemde paydaşların algılarını artırdığını, borçluluktaki artışın ise daha kötü bir firma itibarı yarattığını gösteriyor.
Anahtar Kelime:

Belge Türü: Makale Makale Türü: Araştırma Makalesi Erişim Türü: Erişime Açık
  • Al-Shubiri, F. N., Al-Abedallat, A. Z., and Abu Orabi, M. M. (2012). Financial and non financial determinants of corporate social responsibility. Journal of Knowledge Management, Economics and Information Technology, 2(5), 1-7.
  • Aupperle, K., Carroll, A., and Hatfield, J. D. (1985). An empirical examination of the relationship between corporate social responsibility and profitability. The Academy of Management Journal, 28(2), 446-463.
  • Baltagi, B. H., Bresson, G., and Pirotte, A. (2003). Fixed effects, random effects or Hausman-Taylor?: A pretest estimator. Economics Letters, 79(3), 361-369.
  • Basdeo, D. K., Smith, K. G., Grimm, C. M., Rindova, V. P., and Derfus, P. J. (2006). The impact of market actions on firm reputation. Strategic Management Journal, 27, 1205-1219.
  • Baughn, C. C., Bodie, N. L., and McIntosh, J. C. (2007). Corporate social and environmental responsibility in Asian countries and other geographical regions. Corporate Social Responsibility and Environmental Management, 14(4), 189-205.
  • Bendixen, M., and Abratt, R. (2007). Corporate identity, ethics and reputation in supplier–buyer relationships. Journal of Business Ethics, 76(1), 69-82.
  • Blajer-Golebiewska, A., and Kozlowski, A. (2016). Financial determinants of corporate reputation: A short-term approach. Managerial Economics, 17(2), 179- 201.
  • Brammer, S. J., and Pavelin, S. (2006). Corporate reputation and social performance: The importance of fit. Journal of Management Studies, 43(3), 435-455
  • Bromley, D. B. (2001). Relationship between personal and corporate reputation in supplier-buyer relationships. Journal of Business Ethics, 35, 316-334.
  • Brouthers, K. D. (2013). A retrospective on: Institutional, cultural and transaction cost influences on entry mode choice and performance. Journal of International Business Studies, 44, 14-22.
  • Carmeli, A., and Cohen, A. (2001). Organizational reputation as a source of sustainable competitive advantage and above-normal performance: an empirical test among local authorities in Israel. Public Administration & Management: An Interactive Journal, 6(4), 122-165.
  • Carmeli, A., and Freund, A. (2002). The relationship between work and workplace attitudes and perceived external prestige. Corporate Reputation Review, 5(1), 51- 68.
  • Cullen, J. B., Parboteeah, K. P., and Hoegl, M. (2004). Cross-national differences in managers’ willingness to justify ethically suspect behaviors: A test of institutional anomie theory. Academy of Management Journal, 47, 411-421.
  • Çalışkan, E., Nemli, T., İçke, B., and Aytürk, Y. (2011). Corporate reputation and financial performance: Evidence from Turkey. Research Journal of International Studies, 18, 61-72.
  • Çınaroğlu, S. (2017). İmaj-itibar ile finansal ve kalite performansı arasındaki ilişkiler: hastaneler üzerine bir uygulama. Istanbul University Journal of the School of Business, 46(1), 19-33.
  • Deephouse, D. L. (2000). Media reputation as a strategic resource: An integration of mass communication and resource-based theories. Journal of Management, 26, 1091-1112.
  • Deephouse, D. L., Newburry, W., and Soleimani, A. (2016). The effects of institutional development and national culture on cross-national differences in corporate reputation. Journal of World Business, 51, 463-473.
  • Dunbar, R., and Schwalbach, J. (2000). Corporate reputation and performance in Germany. Corporate Reputation Review, 3(2), 115-123.
  • Eberl, M., and Schwaiger, M. (2005). Corporate reputation: Disentangling the effects on financial performance. European Journal of Marketing, 39, 838-854.
  • Ettenson, R., and Knowles, J. (2008). Don't confuse reputation with brand. MITSloan Management Review, 49(2), 19-21.
  • Fernandez-Gamez, M. A., Gil-Corral, M. A., and Galan-Valdivieso, F. (2016). Corporate reputation and market value: Evidence with generalized regression neural networks. Expert Systems with Applications, 46, 69-76.
  • Fombrun, C. J. (1996). Reputation: Realizing value from corporate image. Boston, MA: Harvard Business School Press.
  • Fombrun, C. J. (2007). List of lists: A compilation of international corporate reputation ratings. Corporate Reputation Review, 10(2), 144-153.
  • Fombrun, C. J., and Shanley, M. (1990). What's in a name? Reputation building and corporate strategy. Academiy of Management Journal, 33(2), 233-258.
  • Fombrun, C. J., Gardberg, N. A., and Sever, J. M. (2000). The Reputation QuotientSM: A multi-stakeholder measure of corporate reputation. Journal of Brand Management, 7(4), 241-255.
  • Galbreath, J. (2010). How does corporate social responsibility benefit firms? Evidence from Australia. European Business Review, 22(4), 411-431.
  • Gray, E. R., and Balmer, J. M. (1998). Managing corporate image and corporate reputation. Long Range Planning, 31(5), 695-702.
  • Greyser, S. A. (1999). Advancing and Enhancing Corporate Reputation. Corporate Communications: An International Journal , 4, 177-181.
  • Hammond, S. A., and Slocum, J. W. (1996). The impact of prior firm financial performance on subsequent corporate reputation. Journal of Business Ethics, 15(2), 159-165.
  • Helm, S. (2005). Designing a formative measure for corporate reputation. Corporate Reputation Review, 8(2), 95-109.
  • Herremans, I. M., Akathaporn, P., and McInnes, M. (1993). An investigation of corporate social responsibility reputation and economic performance. Accounting, Organizations and Society, 18, 587-604.
  • Highhouse, S., Broadfoot, A., Yugo, J. E., and Devendorf, S. A. (2009). Examining corporate reputation judgments with generalizability theory. Journal of Applied Psychology, 94(3), 782-789.
  • Highhouse, S., Lievens, F., and Sinar, E. F. (2003). Measuring attraction to organizations. Educational and Psychological Measurement, 63(6), 986-1001.
  • Hofstede, G., Van Deusen, C. A., Mueller, C. B., Charles, T. A., and Network, T. B. (2002). What goals do business leaders pursue? A study in fifteen countries. Journal of International Business Studies, 33, 785-803.
  • Inglis, R., Morley, C., and Sammut, P. (2006). Corporate reputation and organisational performance: An Australian study. Managerial Auditing Journal, 21(9), 934-947.
  • Kandil Göker, İ. E., Arar, T., and Uysal, B. (2017). Kurumsal itibar kavramı ve hisse senedi fiyatlarına etkisi: Türkiye örneği. Muhasebe ve Finansman Dergisi, 74, 133-156.
  • Koch, J., and Cebula, R. (1994). In search of excellent management. Journal of Management Studies, 31(5), 681-699.
  • Lai, C., Chiu, C. J., Yang, C. F., and Pai, D. (2010). The effects of corporate social responsibility on brand performance: The mediating effect of industrial brand equity. Journal of Business Ethics, 95(3), 457-469.
  • Lee, D., Faff, R. W., and Langfield-Smith, K. (2009). Revisiting the vexing question: Does superior corporate social performance lead to improved financial performance? Australian Journal of Management, 34, 21-49.
  • Lewis, S. (2001). Measuring corporate reputation. Corporate Communications: An Internation Journal, 6(1), 31-35.
  • Makni, R., Francoeur, C., and Bellavance, F. (2009). Causality between corporate social performance and financial performance: Evidence from Canadian firms. Journal of Business Ethics, 89(3), 409-422
  • McGuire, J., and Branch, B. (1990). Perceptions of firms quality: A cause or result of firm performance. Journal of Management , 16, 167-180.
  • McGuire, J., Schneeweis, T., and Branch, B. (1990). Perceptions of firm quality: A cause or result of firm performance. Journal of Management, 16(1), 498-510.
  • McWilliams, A., and Siegel, D. (2000). Corporate social responsibility and financial performance: correlation or misspecification? Strategic Management Journal, 21(5), 603-609.
  • North, D. C. (1990). Institutions, institutional change, and economic performance. New York, NY: Cambridge University Press.
  • Peng, M. W., Wang, D. Y., and Jiang, Y. (2008). An institution-based view of international business strategy: A focus on emerging economies. Journal of International Business Studies, 39, 920-936
  • Ponzi, L. J., Fombrun, C. J., and Gardberg, N. A. (2011). RepTrak™ pulse: Conceptualizing and validating a short-form measure of corporate reputation. Corporate Reputation Review, 14(1), 15-35.
  • Preston, L. E., and Sapienza, H. J. (1990). Stakeholder management and corporate performance. Journal of Behavioral Economics, 19(4), 361-375.
  • Riahi-Belkaoui, A., and Pavlik, E. (1991). Asset management performance and reputation building for large US firms. British Journal of Management, 2, 231- 238.
  • Roberts, P. W., and Dowling, G. R. (2002). Corporate reputation and sustained superior financial performance. Strategic Management Journal, 23(12), 1077- 1093.
  • Roberts, P. W., and Dowling, G. R. (2002). Corporate reputation and sustained superior financial performance. Strategic Management Journal, 23, 1077-1093.
  • Roberts, P., and Dowling, G. (2002). Corporate Reputation and Sustained Superior Financial Performance. Strategic Management Journal(23), 1077-1093.
  • Rose, C., and Thomsen, S. (2004). The impact of corporate reputation on performance: Some Danish evidence. European Management Journal, 22(2), 201- 210.
  • Sabate, J. M., and Puente, E. Q. (2003). Empirical analysis of the relationship between corporate reputation and financial performance: A survey of the literature. Corporate Reputation Review, 6(2), 161-177.
  • Sanchez, J. L., and Sotorrio, L. L. (2007). The creation of value through corporate reputation. Journal of Business Ethics, 76, 335–346.
  • Schwaiger, M. (2004). Components and parameters of corporate reputation-an empirical study. Schmalenbach Business Review, 56, 46-71.
  • Scott, W. R. (1995). Institutions and organizations. Thousand Oaks, CA: Sage. Shi, Y. (2016). Reputation, financial performance, and industry competition. International Journal of Business and Finance Research, 10(2), 1-16.
  • Smith, K. T., Smith, M., and Wang, K. (2010). Does brand management of corporate reputation translate into higher market value? Journal of Strategic Marketing, 18(3), 201-221.
  • Surroca, J., Tribo, J. A., and Waddock, S. (2010). Corporate responsibility and financial performances: The role of intangible resources. Strategic Management Journal, 31, 463-490.
  • Tomak, S. (2014). Corporate reputation and financial performance of firms in Turkey. Niğde Üniversitesi İİBF Dergisi, 7(1), 289-303.
  • Walker, K. A. (2010). A systematic review of the corporate reputation literature: Definition, measurement, and theory. Corporate Reputation Review, 12(4), 357- 387.
  • Walsh, G., and Beatty, S. E. (2007). Customer-based corporate reputation of a service firm: scale development and validation. Journal of the Academy of Marketing Science, 35(1), 127-143.
  • Wang, D. H., Yu, T. H., and Chiang, C. (2016). Exploring the value relevance of corporate reputation: A fuzzy-set qualitative comparative analysis. Journal of Business Research, 69, 1329-1332.
  • Wartick, S. L. (2002). Measuring corporate reputation. Business and Society, 41(4), 371-392.
  • Zhang, R., and Rezaee, Z. (2009). Do Credible Firms Perform Better in Emerging Markets? Evidence from China. Journal of Business Ethics, 90(2), 221-237
APA PİŞKİN M, Ilgun Kamanli A (2020). The Financial Performance-Corporate Reputation Nexus in Turkey in the Institutional Theory Context. , 117 - 132.
Chicago PİŞKİN Mehmet Ali,Ilgun Kamanli Ayse The Financial Performance-Corporate Reputation Nexus in Turkey in the Institutional Theory Context. (2020): 117 - 132.
MLA PİŞKİN Mehmet Ali,Ilgun Kamanli Ayse The Financial Performance-Corporate Reputation Nexus in Turkey in the Institutional Theory Context. , 2020, ss.117 - 132.
AMA PİŞKİN M,Ilgun Kamanli A The Financial Performance-Corporate Reputation Nexus in Turkey in the Institutional Theory Context. . 2020; 117 - 132.
Vancouver PİŞKİN M,Ilgun Kamanli A The Financial Performance-Corporate Reputation Nexus in Turkey in the Institutional Theory Context. . 2020; 117 - 132.
IEEE PİŞKİN M,Ilgun Kamanli A "The Financial Performance-Corporate Reputation Nexus in Turkey in the Institutional Theory Context." , ss.117 - 132, 2020.
ISNAD PİŞKİN, Mehmet Ali - Ilgun Kamanli, Ayse. "The Financial Performance-Corporate Reputation Nexus in Turkey in the Institutional Theory Context". (2020), 117-132.
APA PİŞKİN M, Ilgun Kamanli A (2020). The Financial Performance-Corporate Reputation Nexus in Turkey in the Institutional Theory Context. Doğuş Üniversitesi Dergisi, 21(1), 117 - 132.
Chicago PİŞKİN Mehmet Ali,Ilgun Kamanli Ayse The Financial Performance-Corporate Reputation Nexus in Turkey in the Institutional Theory Context. Doğuş Üniversitesi Dergisi 21, no.1 (2020): 117 - 132.
MLA PİŞKİN Mehmet Ali,Ilgun Kamanli Ayse The Financial Performance-Corporate Reputation Nexus in Turkey in the Institutional Theory Context. Doğuş Üniversitesi Dergisi, vol.21, no.1, 2020, ss.117 - 132.
AMA PİŞKİN M,Ilgun Kamanli A The Financial Performance-Corporate Reputation Nexus in Turkey in the Institutional Theory Context. Doğuş Üniversitesi Dergisi. 2020; 21(1): 117 - 132.
Vancouver PİŞKİN M,Ilgun Kamanli A The Financial Performance-Corporate Reputation Nexus in Turkey in the Institutional Theory Context. Doğuş Üniversitesi Dergisi. 2020; 21(1): 117 - 132.
IEEE PİŞKİN M,Ilgun Kamanli A "The Financial Performance-Corporate Reputation Nexus in Turkey in the Institutional Theory Context." Doğuş Üniversitesi Dergisi, 21, ss.117 - 132, 2020.
ISNAD PİŞKİN, Mehmet Ali - Ilgun Kamanli, Ayse. "The Financial Performance-Corporate Reputation Nexus in Turkey in the Institutional Theory Context". Doğuş Üniversitesi Dergisi 21/1 (2020), 117-132.
Sayfa Oluşturulma Tarihi
23-04-2024 14:36

İLETİŞİM

TÜBİTAK ULAKBİM TR Dizin

Yüzüncüyıl, İşçi Blokları Mahallesi

Muhsin Yazıcıoğlu Caddesi No:51/C

06530 Çankaya / ANKARA +90 (312) 298 92 00

trdizin@tubitak.gov.tr

TÜBİTAK ULAKBİM Ulusal Akademik Ağ ve Bilgi Merkezi Cahit Arf Bilgi Merkezi © Tüm Hakları Saklıdır. Gizlilik Politikası Kullanım Şartları