Corporate reputation and sustained superior financial performance

Strategic Management Journal

Volumn 23, Issue 12, 2002, Pages 1077-1093

  Roberts, Peter W ^a   Dowling, Grahame R ^b  

^a Howard Hughes Medical Institute   (United States)

^b UNIVERSITY OF NEW SOUTH WALES   (Australia)

Author keywords

Intangible assets; Persistent profitability; Reputation

Indexed keywords

FINANCE; INDUSTRIAL MANAGEMENT; MANAGERS; COPYRIGHTS; PROFITABILITY;

DYNAMIC MODELS;

STRATEGIC PLANNING; FINANCE;

COMPETING FIRMS; CORPORATE REPUTATIONS; EMPIRICAL RESEARCH; FINANCIAL PERFORMANCE; INTANGIBLE ASSETS; REPUTATION; VALUE CREATION;

EID: 0036905213     PISSN: 01432095     EISSN: None     Source Type: Journal    
DOI: 10.1002/smj.274     Document Type: Article

References (47)

1. Amit R., Schoemaker P.J.H. 1993. Strategic assets and organizational rent. Strategic Management Journal 14(1): 33-46.
2. Barney J.B. 1991. Firm resources and sustained competitive advantage. Journal of Management 17: 99-120.
3. Barney J.B. 2001. Is the resource-based 'view' a useful perspective for strategic management research? Yes. Academy of Management Review 26: 41-56.
4. Benjamin B.A., Podolny J.M. 1999. Status, quality, and social order in the California wine industry. Administrative Science Quarterly 44: 563-589.
5. Bharadwaj S.G., Varadarajan P.R., Fahy J. 1993. Sustainable competitive advantage in service industries: a conceptual model and research propositions. Journal of Marketing 57: 83-99.
6. Brown B., Perry S. 1994. Removing the financial performance halo from Fortune's most admired companies. Academy of Management Journal 37: 1347-1359.
7. Capraro A.J., Srivastava R.K. 1997. Has the influence of financial performance on reputation measures been overstated? Corporate Reputation Review 1: 86-92.
8. Cubbin J., Geroski P. 1987. The convergence of profits in the long run: inter-firm and inter-industry comparisons. Journal of Industrial Economics 35: 427-442.
9. Dierickx I., Cool K. 1989. Asset stock accumulation and sustainable competitive advantage. Management Science 35: 1504-1511.
10. Dowling G.R. 2001. Creating Corporate Reputations. Oxford University Press: Oxford.
11. Fombrun C. 1996. Reputation: Realizing Value from the Corporate Image. Harvard Business School Press: Boston, MA.
12. Fombrun C., Shanley M. 1990. What's in a name? Reputation building and corporate strategy. Academy of Management Journal 33: 233-258.
13. Geroski P.A. 1990. Modeling persistent profitability. In The Dynamics of Company Profits, Mueller D. (ed.). Cambridge University Press: Cambridge, U.K.; 15-34.
14. Goldberg M.E., Hartwick J. 1990. The effects of advertiser reputation and extremity of advertising claim on advertising effectiveness. Journal of Consumer Research 17: 172-179.
15. Grant R.M. 1991. The resource-based theory of competitive advantage: implications for strategy formulation. California Management Review, Spring: 114-135.
16. Hall R. 1993. A framework linking intangible resources and capabilities to sustainable competitive advantage. Strategic Management Journal 14(8): 607-618.
17. Hannan M.T. 1989. Macrosociological applications of event history analysis: state transitions and event recurrences. Quality and Quantity 23: 351-383.
18. Henderson R., Cockburn I. 1994. Measuring competence? Exploring firm effects in pharmaceutical research. Strategic Management Journal, Winter Special Issue 15: 63-74.
19. Herremans I.M., Akathaporn P., McInnes M. 1993. An investigation of corporate social responsibility reputation and economic performance. Accounting Organizations and Society 18: 587-604.
20. Hunt S.D., Morgan R.M. 1995. The comparative advantage theory of competition. Journal of Marketing 59: 1-15.
21. Jacobson R. 1988. The persistence of abnormal returns. Strategic Management Journal 9(5): 415-430.
22. Kmenta J. 1986. Elements of Econometrics. Macmillan: New York.
23. Kreps D., Wilson R. 1982. Reputation and imperfect information. Journal of Economic Theory 27: 253-279.
24. Landon S., Smith C.E. 1997. The use of quality and reputation indicators by consumers: the case of Bordeaux wine. Journal of Consumer Policy 20: 289-323.
25. McGahan A.M., Porter M.E. 1999. The persistence of shocks to profitability. Review of Economics and Statistics 81: 143-153.
26. McGuire J.B., Schneeweis T., Branch B. 1990. Perceptions of firm quality: a cause or result of firm performance. Journal of Management 16: 167-180.
27. Milgrom P., Roberts J. 1982. Predation, reputation and entry deterrence. Journal of Economic Theory 27: 280-312.
28. Morita J.G., Lee T.W., Mowday R.T. 1993. The regression-analog to survival analysis: a selected application to turnover research. Academy of Management Journal 36: 1430-1464.
29. Mueller D.C. 1977. The persistence of profits above the norm. Economica 44: 369-380.
30. Mueller D.C. 1986. Profits in the Long Run. Cambridge University Press: Cambridge, U.K.
31. Mueller D.C. 1990. The Dynamics of Company Profits: An International Comparison. Cambridge University Press: Cambridge, U.K.
32. Peteraf M.A. 1993. The cornerstones of competitive advantage: a resource-based view. Strategic Management Journal 14(3): 179-191.
33. Podolny J.M. 1993. A status-based model of market competition. American Journal of Sociology 98: 829-872.
34. Podolny J.M. 1994. Market uncertainty and the social character of economic exchange. Administrative Science Quarterly 39: 458-483.
35. Podolny J.M., Phillips D.J. 1996. The dynamics of organizational status. Industrial and Corporate Change 5: 453-471.
36. Porter M.E. 1985. Competitive Advantage: Creating and Sustaining Superior Performance. Free Press: New York.
37. Roberts P.W. 1999. Product innovation, product-market competition and persistent profitability in the U.S. pharmaceutical industry. Strategic Management Journal 20(7): 655-670.
38. Rumelt R.P. 1984. Toward a strategic theory of the firm. In Competitive Strategic Management, Lamb R. (ed.). Prentice-Hall: Englewood Cliffs, NJ; 556-570.
39. Rumelt R.P. 1987. Theory, strategy and entrepreneurship. In The Competitive Challenge: Strategies for Industrial Innovation and Renewal, Teece D. (ed.). Ballinger, Cambridge, MA; 137-157.
40. Rumelt R.P. 1991. How much does industry matter? Strategic Management Journal 12(3): 167-185.
41. Shapiro C. 1983. Premiums for high quality products as returns to reputations. Quarterly Journal of Economics 98: 659-679.
42. Sorensen J.B. 2002. The strength of corporate culture and the reliability of firm performance. Administrative Science Quarterly 47(1): 70-91.
43. Teece D.J., Pisano G., Shuen A. 1997. Dynamic capabilities and strategic management. Strategic Management Journal 18(7): 509-534.
44. Waring G.F. 1996. Industry differences in the persistence of firm-specific returns. American Economic Review 86: 1253-1265.
45. Weigelt K., Camerer C. 1988. Reputation and corporate strategy: a review of recent theory and applications. Strategic Management Journal 9(5): 443-454.
46. Weiss A.M., Anderson E., MacInnis D.J. 1999. Reputation management as a motivation for sales structure decisions. Journal of Marketing 63: 74-89.
47. Zuckerman E.W. 1999. The categorical imperative: securities analysts and the illegitimacy discount. American Journal of Sociology 104: 1398-1438.