IDEAS home Printed from https://ideas.repec.org/a/taf/jmedec/v28y2015i1p41-60.html
   My bibliography  Save this article

Trial by Media: An Empirical Investigation of Corporate Reputation and Stock Returns in Australia

Author

Listed:
  • Elisabeth Sinnewe
  • Scott J. Niblock

Abstract

This article examines whether investors are able to generate abnormal risk-adjusted returns in the Australian market based on media-specific firm reputational factors under market uncertainty between 2004 and 2012. The findings suggest that after controlling for crisis-centric time periods and market risk factors, contrarian trading strategies produce abnormal returns for poor corporate reputation firms but not for their good corporate reputation counterparts. Corporate reputation may be a driver of performance for poorly performing Australian firms and could be considered a stimulus for trading activity due to its explanatory capabilities.

Suggested Citation

  • Elisabeth Sinnewe & Scott J. Niblock, 2015. "Trial by Media: An Empirical Investigation of Corporate Reputation and Stock Returns in Australia," Journal of Media Economics, Taylor & Francis Journals, vol. 28(1), pages 41-60, March.
  • Handle: RePEc:taf:jmedec:v:28:y:2015:i:1:p:41-60
    DOI: 10.1080/08997764.2014.997243
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/08997764.2014.997243
    Download Restriction: Access to full text is restricted to subscribers.

    File URL: https://libkey.io/10.1080/08997764.2014.997243?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Mather, Paul & Ranasinghe, Dinithi & Unda, Luisa A., 2021. "Are gender diverse boards more cautious? The impact of board gender diversity on sentiment in earnings press releases," Journal of Contemporary Accounting and Economics, Elsevier, vol. 17(3).
    2. Zhe OuYang & Jia Xu & Jiuchang Wei & Yang Liu, 2017. "Information Asymmetry and Investor Reaction to Corporate Crisis: Media Reputation as a Stock Market Signal," Journal of Media Economics, Taylor & Francis Journals, vol. 30(2), pages 82-95, April.
    3. Liu, Ya-Fei & Li, Hui & Liang, Sai, 2022. "Any reputation is a good reputation: influence of investor-perceived reputation in restructuring on hospitality firm performance," Annals of Tourism Research, Elsevier, vol. 92(C).
    4. Kate Hogarth & Marion Hutchinson & Wendy Scaife, 2018. "Corporate Philanthropy, Reputation Risk Management and Shareholder Value: A Study of Australian Corporate giving," Journal of Business Ethics, Springer, vol. 151(2), pages 375-390, August.
    5. Bhattacharya, Abhi & Sardashti, Hanieh, 2022. "The differential effect of new product preannouncements in driving institutional and individual investor ownership," Journal of Business Research, Elsevier, vol. 149(C), pages 811-823.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:jmedec:v:28:y:2015:i:1:p:41-60. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/HMEC20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.