{"id":"https://openalex.org/W2934405017","doi":"https://doi.org/10.1007/s40685-019-0092-8","title":"Corporate reputation and the future cost of equity","display_name":"Corporate reputation and the future cost of equity","publication_year":2019,"publication_date":"2019-03-22","ids":{"openalex":"https://openalex.org/W2934405017","doi":"https://doi.org/10.1007/s40685-019-0092-8","mag":"2934405017"},"language":"en","primary_location":{"id":"doi:10.1007/s40685-019-0092-8","doi":"https://doi.org/10.1007/s40685-019-0092-8","is_oa":true,"landing_page_url":"https://doi.org/10.1007/s40685-019-0092-8","pdf_url":"https://link.springer.com/content/pdf/10.1007/s40685-019-0092-8.pdf","source":{"id":"https://openalex.org/S956737788","display_name":"BuR - Business Research","issn_l":"1866-8658","issn":["1866-8658","2198-2627","2198-3402"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["anvur-class-a","anvur-scientific","cwts-core","doaj","poland-20"],"host_organization":"https://openalex.org/P4310319965","host_organization_name":"Springer Nature","host_organization_lineage":["https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Nature"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Business Research","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://link.springer.com/content/pdf/10.1007/s40685-019-0092-8.pdf","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5017978547","display_name":"Benjamin Pfister","orcid":"https://orcid.org/0000-0002-8806-4388","observed_orcids":["https://orcid.org/0000-0002-8806-4388"]},"institutions":[{"id":"https://openalex.org/I8204097","display_name":"Ludwig-Maximilians-Universit\u00e4t M\u00fcnchen","ror":"https://ror.org/05591te55","country_code":"DE","type":"education","lineage":["https://openalex.org/I8204097"]}],"countries":["DE"],"is_corresponding":false,"raw_author_name":"Benjamin Pfister","raw_affiliation_strings":["Institute for Market-based Management, Ludwig-Maximilians-Universit\u00e4t M\u00fcnchen, Kaulbachstr. 45, 80539, Munich, Germany"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Institute for Market-based Management, Ludwig-Maximilians-Universit\u00e4t M\u00fcnchen, Kaulbachstr. 45, 80539, Munich, Germany","institution_ids":["https://openalex.org/I8204097"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5010109038","display_name":"Manfred Schwaiger","orcid":"https://orcid.org/0000-0003-0132-4560","observed_orcids":["https://orcid.org/0000-0003-0132-4560"]},"institutions":[{"id":"https://openalex.org/I8204097","display_name":"Ludwig-Maximilians-Universit\u00e4t M\u00fcnchen","ror":"https://ror.org/05591te55","country_code":"DE","type":"education","lineage":["https://openalex.org/I8204097"]}],"countries":["DE"],"is_corresponding":true,"raw_author_name":"Manfred Schwaiger","raw_affiliation_strings":["Institute for Market-based Management, Ludwig-Maximilians-Universit\u00e4t M\u00fcnchen, Kaulbachstr. 45, 80539, Munich, Germany"],"raw_orcid":"https://orcid.org/0000-0003-0132-4560","affiliations":[{"raw_affiliation_string":"Institute for Market-based Management, Ludwig-Maximilians-Universit\u00e4t M\u00fcnchen, Kaulbachstr. 45, 80539, Munich, Germany","institution_ids":["https://openalex.org/I8204097"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5021278659","display_name":"Tobias Morath","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I8204097","display_name":"Ludwig-Maximilians-Universit\u00e4t M\u00fcnchen","ror":"https://ror.org/05591te55","country_code":"DE","type":"education","lineage":["https://openalex.org/I8204097"]}],"countries":["DE"],"is_corresponding":false,"raw_author_name":"Tobias Morath","raw_affiliation_strings":["Institute for Market-based Management, Ludwig-Maximilians-Universit\u00e4t M\u00fcnchen, Kaulbachstr. 45, 80539, Munich, Germany"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Institute for Market-based Management, Ludwig-Maximilians-Universit\u00e4t M\u00fcnchen, Kaulbachstr. 45, 80539, Munich, Germany","institution_ids":["https://openalex.org/I8204097"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5010109038"],"corresponding_institution_ids":["https://openalex.org/I8204097"],"apc_list":{"value":0,"currency":"USD","value_usd":0},"apc_paid":{"value":0,"currency":"USD","value_usd":0},"fwci":2.3068,"has_fulltext":true,"cited_by_count":27,"citation_normalized_percentile":{"value":0.90823484,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":93,"max":99},"biblio":{"volume":"13","issue":"1","first_page":"343","last_page":"384"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T12738","display_name":"Corporate Identity and Reputation","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T12738","display_name":"Corporate Identity and Reputation","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.00019999999494757503,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10115","display_name":"Corporate Social Responsibility Reporting","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/corporate-reputation","display_name":"corporate reputation","score":1.0},{"id":"https://openalex.org/keywords/cost-of-equity","display_name":"cost of equity","score":0.9990000128746033},{"id":"https://openalex.org/keywords/reputational-damage","display_name":"reputational damage","score":0.5830000042915344},{"id":"https://openalex.org/keywords/firm-performance","display_name":"firm performance","score":0.5929999947547913},{"id":"https://openalex.org/keywords/sustainable-competitive-advantage","display_name":"sustainable competitive advantage","score":0.7770000100135803}],"concepts":[{"id":"https://openalex.org/C48798503","wikidata":"https://www.wikidata.org/wiki/Q877546","display_name":"Reputation","level":2,"score":0.8777927756309509},{"id":"https://openalex.org/C80515813","wikidata":"https://www.wikidata.org/wiki/Q1134763","display_name":"Corporate finance","level":2,"score":0.6578471660614014},{"id":"https://openalex.org/C2781032883","wikidata":"https://www.wikidata.org/wiki/Q3695774","display_name":"Cost of equity","level":4,"score":0.6262326836585999},{"id":"https://openalex.org/C199728807","wikidata":"https://www.wikidata.org/wiki/Q2578557","display_name":"Equity (law)","level":2,"score":0.5998640060424805},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5244817137718201},{"id":"https://openalex.org/C2777381055","wikidata":"https://www.wikidata.org/wiki/Q308922","display_name":"Damages","level":2,"score":0.4693000912666321},{"id":"https://openalex.org/C166052673","wikidata":"https://www.wikidata.org/wiki/Q83021","display_name":"Empirical evidence","level":2,"score":0.4585447609424591},{"id":"https://openalex.org/C154775046","wikidata":"https://www.wikidata.org/wiki/Q188","display_name":"German","level":2,"score":0.4554055631160736},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4488794505596161},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.44157376885414124},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.3611394166946411},{"id":"https://openalex.org/C74734477","wikidata":"https://www.wikidata.org/wiki/Q1479274","display_name":"Cost of capital","level":3,"score":0.35991543531417847},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.26234346628189087},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.1926232874393463},{"id":"https://openalex.org/C181622380","wikidata":"https://www.wikidata.org/wiki/Q26911","display_name":"Profit (economics)","level":2,"score":0.16128641366958618},{"id":"https://openalex.org/C95457728","wikidata":"https://www.wikidata.org/wiki/Q309","display_name":"History","level":0,"score":0.0},{"id":"https://openalex.org/C144024400","wikidata":"https://www.wikidata.org/wiki/Q21201","display_name":"Sociology","level":0,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C36289849","wikidata":"https://www.wikidata.org/wiki/Q34749","display_name":"Social science","level":1,"score":0.0}],"mesh":[],"locations_count":4,"locations":[{"id":"doi:10.1007/s40685-019-0092-8","doi":"https://doi.org/10.1007/s40685-019-0092-8","is_oa":true,"landing_page_url":"https://doi.org/10.1007/s40685-019-0092-8","pdf_url":"https://link.springer.com/content/pdf/10.1007/s40685-019-0092-8.pdf","source":{"id":"https://openalex.org/S956737788","display_name":"BuR - Business Research","issn_l":"1866-8658","issn":["1866-8658","2198-2627","2198-3402"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["anvur-class-a","anvur-scientific","cwts-core","doaj","poland-20"],"host_organization":"https://openalex.org/P4310319965","host_organization_name":"Springer Nature","host_organization_lineage":["https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Nature"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Business Research","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:spr:busres:v:13:y:2020:i:1:d:10.1007_s40685-019-0092-8","doi":null,"is_oa":false,"landing_page_url":"http://link.springer.com/10.1007/s40685-019-0092-8","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:econstor.eu:10419/233164","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/10419/233164","pdf_url":null,"source":{"id":"https://openalex.org/S4306401696","display_name":"Econstor (Econstor)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"doc-type:article"},{"id":"pmh:oai:epub.ub.uni-muenchen.de:95288","doi":null,"is_oa":true,"landing_page_url":"http://nbn-resolving.de/urn:nbn:de:bvb:19-epub-95288-9","pdf_url":null,"source":{"id":"https://openalex.org/S4306401845","display_name":"Open access LMU (Ludwid Maxmilian's Universitat Munchen)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I8204097","host_organization_name":"Ludwig-Maximilians-Universit\u00e4t M\u00fcnchen","host_organization_lineage":["https://openalex.org/I8204097"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Business Research","raw_type":"doc-type:article"}],"best_oa_location":{"id":"doi:10.1007/s40685-019-0092-8","doi":"https://doi.org/10.1007/s40685-019-0092-8","is_oa":true,"landing_page_url":"https://doi.org/10.1007/s40685-019-0092-8","pdf_url":"https://link.springer.com/content/pdf/10.1007/s40685-019-0092-8.pdf","source":{"id":"https://openalex.org/S956737788","display_name":"BuR - Business Research","issn_l":"1866-8658","issn":["1866-8658","2198-2627","2198-3402"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["anvur-class-a","anvur-scientific","cwts-core","doaj","poland-20"],"host_organization":"https://openalex.org/P4310319965","host_organization_name":"Springer Nature","host_organization_lineage":["https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Nature"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Business Research","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2934405017.pdf","grobid_xml":"https://content.openalex.org/works/W2934405017.grobid-xml"},"referenced_works_count":83,"referenced_works":["https://openalex.org/W603752508","https://openalex.org/W1501673980","https://openalex.org/W1530589242","https://openalex.org/W1546044195","https://openalex.org/W1784137729","https://openalex.org/W1852379692","https://openalex.org/W1965276416","https://openalex.org/W1965806757","https://openalex.org/W1968179824","https://openalex.org/W1968475310","https://openalex.org/W1972237209","https://openalex.org/W1972904315","https://openalex.org/W1979032294","https://openalex.org/W1982842010","https://openalex.org/W1983192853","https://openalex.org/W1984994747","https://openalex.org/W1985695350","https://openalex.org/W1986820532","https://openalex.org/W1987428640","https://openalex.org/W1996547717","https://openalex.org/W1998115552","https://openalex.org/W2003498350","https://openalex.org/W2007478182","https://openalex.org/W2008004530","https://openalex.org/W2008447925","https://openalex.org/W2012855146","https://openalex.org/W2020926956","https://openalex.org/W2024188003","https://openalex.org/W2027597802","https://openalex.org/W2031464770","https://openalex.org/W2031701666","https://openalex.org/W2032753293","https://openalex.org/W2038586728","https://openalex.org/W2049783972","https://openalex.org/W2056425707","https://openalex.org/W2063784089","https://openalex.org/W2064891424","https://openalex.org/W2064964332","https://openalex.org/W2067356652","https://openalex.org/W2074178719","https://openalex.org/W2082394957","https://openalex.org/W2090656210","https://openalex.org/W2095849253","https://openalex.org/W2102239289","https://openalex.org/W2104640390","https://openalex.org/W2105182179","https://openalex.org/W2119493092","https://openalex.org/W2122006260","https://openalex.org/W2131055507","https://openalex.org/W2133469585","https://openalex.org/W2141958938","https://openalex.org/W2144045750","https://openalex.org/W2149367714","https://openalex.org/W2150713892","https://openalex.org/W2152198904","https://openalex.org/W2152293814","https://openalex.org/W2156230236","https://openalex.org/W2163006684","https://openalex.org/W2170815702","https://openalex.org/W2340684681","https://openalex.org/W2493849050","https://openalex.org/W2621024494","https://openalex.org/W3011865677","https://openalex.org/W3121761572","https://openalex.org/W3122220309","https://openalex.org/W3122337292","https://openalex.org/W3122389139","https://openalex.org/W3122879148","https://openalex.org/W3123013680","https://openalex.org/W3123227496","https://openalex.org/W3123231842","https://openalex.org/W3123246857","https://openalex.org/W3123276743","https://openalex.org/W3123325409","https://openalex.org/W3123513433","https://openalex.org/W3123850128","https://openalex.org/W3124796387","https://openalex.org/W3125688476","https://openalex.org/W3125878125","https://openalex.org/W3125965445","https://openalex.org/W3126017435","https://openalex.org/W4238554503","https://openalex.org/W4292242302"],"related_works":["https://openalex.org/W3123246857","https://openalex.org/W4312647245","https://openalex.org/W7065128120","https://openalex.org/W2295038112","https://openalex.org/W4400308059","https://openalex.org/W2517730579","https://openalex.org/W4413754631","https://openalex.org/W4320010437","https://openalex.org/W2353662846","https://openalex.org/W152300275"],"abstract_inverted_index":{"Abstract":[0],"Corporate":[1],"reputation":[2,81,92],"is":[3,47],"an":[4],"important":[5],"management":[6],"objective,":[7],"bearing":[8],"the":[9,30,40,50,110,123,126],"potential":[10],"to":[11,38,105],"create":[12],"sustainable":[13],"competitive":[14],"advantage,":[15],"and":[16,49,73],"many":[17],"scholars":[18],"have":[19],"studied":[20],"its":[21,27,62],"impact":[22,63],"on":[23,29],"firm":[24],"performance.":[25],"However,":[26],"effect":[28],"cost":[31,88,112],"of":[32,42,58,67,80,89,113,125],"equity":[33,114],"has":[34],"only":[35],"recently":[36],"begun":[37],"attract":[39],"attention":[41],"academic":[43],"research.":[44],"Empirical":[45],"evidence":[46],"scarce,":[48],"results":[51],"are":[52,82,94],"inconclusive.":[53],"Applying":[54],"a":[55,65,85,98,106],"validated":[56],"measure":[57],"reputation,":[59],"we":[60],"scrutinize":[61],"for":[64,132],"set":[66],"German":[68],"blue-chip":[69],"companies":[70],"between":[71],"2005":[72],"2011.":[74],"We":[75,118],"show":[76],"that":[77],"higher":[78],"levels":[79],"associated":[83],"with":[84],"lower":[86],"future":[87,111],"equity.":[90],"While":[91],"improvements":[93],"not":[95],"followed":[96],"by":[97],"measurable":[99],"short-term":[100],"effect,":[101],"reputational":[102],"damages":[103],"lead":[104],"significant":[107],"increase":[108],"in":[109],"within":[115],"6":[116],"months.":[117],"interpret":[119],"our":[120],"findings":[121],"against":[122],"backdrop":[124],"previous":[127],"studies,":[128],"offering":[129],"several":[130],"explanations":[131],"diverging":[133],"results.":[134]},"counts_by_year":[{"year":2026,"cited_by_count":4},{"year":2025,"cited_by_count":5},{"year":2024,"cited_by_count":8},{"year":2023,"cited_by_count":4},{"year":2022,"cited_by_count":2},{"year":2021,"cited_by_count":4}],"updated_date":"2026-10-22T09:42:04.148104","created_date":"2019-04-11T00:00:00"}
