كتاب
How firms respond to being rated
| العنوان: | How firms respond to being rated |
|---|---|
| المؤلفون: | Chatterji, Aaron K. |
| المساهمون: | Chatterji, Aaron K., Toffel, Michael W., Harvard Business School. |
| سنة النشر: | 2008 |
| وصف مادي: | 47 p. : ill. ; 28 cm. |
| سلاسل: | Working paper / Harvard Business School Working paper (Harvard Business School) |
| الوصف: | While many rating systems seek to help buyers overcome information asymmetries when making purchasing decisions, we investigate how these same ratings also influence the companies being rated. We hypothesize that company ratings are particularly likely to spur responses by firms that receive poor ratings, especially those firms that face lower cost opportunities to improve. Furthermore, we also suggest that firms will be more likely to respond to poor ratings when doing so yields greater benefits. We test our hypotheses in the context of corporate environmental ratings that guide investors to select "socially responsible," and avoid "socially irresponsible," companies. We examine how several hundred firms respond to corporate environmental ratings issued by a prominent independent social rating agency, and take advantage of a natural experiment that arose when the agency expanded the scope of its ratings. Our work is among the first to theorize about the impact of ratings on subsequent performance, and we introduce important contingencies that influence firm response. These theoretical advances inform stakeholder theory, institutional theory, and economic theory. |
| نوع الوثيقة: | Book |
| حقوق: | This record is part of the Harvard Library Bibliographic Dataset, which is provided by the Harvard Library under its Bibliographic Dataset Use Terms and includes data made available by, among others, OCLC Online Computer Library Center, Inc. and the Library of Congress. |
| ملاحظات: | Originally published as: Shamed and able: how firms respond to information disclosure. October 2007. "Revised November 2008"--Publisher's website. Includes bibliographical references. |
| رقم الأكسشن: | edshlc.011903314.3 |
| قاعدة البيانات: | Harvard Library Bibliographic Dataset |
| الوصف غير متاح. |