How Corporate Reputation Disclosures Affect Stakeholders’ Behavioral Intentions: Mediating Mechanisms of Perceived Organizational Performance and Corporate Reputation

Kim T. Baumgartner (), Carolin A. Ernst () and Thomas M. Fischer ()
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Kim T. Baumgartner: Friedrich-Alexander-University Erlangen-Nuernberg
Carolin A. Ernst: Friedrich-Alexander-University Erlangen-Nuernberg
Thomas M. Fischer: Friedrich-Alexander-University Erlangen-Nuernberg

Journal of Business Ethics, 2022, vol. 175, issue 2, No 8, 389 pages

Abstract: Abstract Corporate reputation is decisive for stakeholders’ supporting or repelling behavior and, therefore, one of firms’ most valuable intangible resources. Drawing on signaling theory, this paper focuses on the usefulness of voluntarily provided corporate reputation disclosures (CRDs) and examines their impact on stakeholders’ attitudinal and behavioral outcomes. Our experimental vignette studies reveal that CRDs reduce stakeholders’ information asymmetries, which positively affects perceived organizational performance and corporate reputation as well as stakeholders’ purchase, investment, and employment intentions. The relationships between CRDs and stakeholders’ behavioral intentions are sequentially mediated by changes in the perceived organizational performance and corporate reputation. This implies that stakeholders use the signals transmitted by CRDs to adjust their perceptions of a firm’s organizational performance and corporate reputation, which ultimately induces their behavioral outcomes. Overall, our empirical results show the usefulness of CRDs for firms in effectively developing stakeholder relationships and, thereby, contributing to assure their going concern. For stakeholders, CRDs improve efficiency in evaluating a firm’s future development.

Keywords: Corporate reputation disclosures; Wider corporate reporting; Stakeholders' behavioral intentions (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (3)

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DOI: 10.1007/s10551-020-04642-x

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