Do markets love misery? Stock prices and corporate philanthropic disaster response

Academy of Management 2008 Annual Meeting: The Questions We Ask, AOM 2008

Volumn , Issue , 2008, Pages

  Muller, Alan ^a   Kräussl, Roman ^b  

^a UNIVERSITY OF AMSTERDAM   (Netherlands)

^b VU UNIVERSITY AMSTERDAM   (Netherlands)

Author keywords

Corporate philanthropy; Event study; Katrina

Indexed keywords

COMMERCE; COSTS; DISASTERS; FINANCIAL MARKETS; HURRICANES; REGRESSION ANALYSIS;

CORPORATE PHILANTHROPIES; DISASTER RESPONSE; EVENT STUDIES; HURRICANE KATRINA; KATRINA; MARKET REACTIONS; NUMBER OF FACTORS; THEORY AND PRACTICE;

INVESTMENTS;

EID: 85087583203     PISSN: None     EISSN: None     Source Type: Conference Proceeding    
DOI: 10.5465/ambpp.2008.33640714     Document Type: Conference Paper

References (14)

1. Brammer, S., & Millington, A. 2005. Corporate reputation and philanthropy: an empirical analysis. Journal of Business Ethics, 61: 29-44.
2. Fombrun, C., & Shanley, M. 1990. What's in a name? Reputation building and corporate strategy. Academy of Management Journal, 33: 233-258.
3. Godfrey, P. 2004. The relationship between corporate philanthropy and shareholder wealth: a risk management perspective. Academy of Management Review, 30(4): 777-798.
4. st, 2005
5. Hess, D., Rogovsky, N., & Dunfee, T. W. 2002. The next wave of corporate community involvement: Corporate social initiatives. California Management Review, 44(2): 110-125.
6. Jones, T. 1995. Instrumental stakeholder theory: a synthesis of ethics and economics. Academy of Management Review, 20: 404-437.
7. Luo, X., & Bhattacharya, C. 2006. Corporate social responsibility, customer satisfaction and market value. Journal of Marketing, 70 (October): 1-18.
8. McWilliams, A. & Siegel, D. 1997. Event studies in management research: Theoretical and empirical issues. Academy of Management Journal, 40: 626-657.
9. Muller, A. & Whiteman, G. 2008. Exploring the geography of corporate philanthropic disaster response: a study of fortune global 500 firms. Journal of Business Ethics, forthcoming.
10. Munich Re. 2005. Annual Review: Natural Catastrophes 2005. http://www.munichre.com/publications/302-04772-en.pdf?rdm=61354
11. Porter, M. & Kramer, M. 2002. The competitive advantage of corporate philanthropy. Harvard Business Review, December 8, 2002: 56-68.
12. Ricks, J. M. Jr. 2005. An assessment of strategic corporate philanthropy on perceptions of brand equity variables. The Journal of Consumer Marketing, 22: 121-135.
13. Sen, S., Bhattacharya, C., & Korschun, D. 2006. The role of corporate social responsibility in strengthening multiple stakeholder relationships. Journal of the Academy of Marketing Science, 34(2): 158-166.
14. US Department of Commerce. 2006. Hurricane Katrina Assessment Report, Silverspring, Maryland, USA.