Role of Corporate Reputation for Multinational Firms: Accounting, Organizational, and Market Considerations
Author: Ahmed Riahi Belkaoui
Among many factors contributing to a corporation's success, none is more crucial than reputation. It affects the way management makes decisions and the positions it takes, and how it takes them, on critical issues. A good reputation is also a signal to the market--one way that stakeholders will know that a corporation is successful. Riahi-Belkaoui looks at the most crucial functions and influences that determine corporate reputation, among them, the way it affects a firm's market value; the quality of its disclosures; how well its earnings are managed, how its executives are compensated. He also addresses other processes, such as international production, the informativeness of earnings, accounting choices, and the characteristics of earnings forecasts. The result is a succinct, readable, probing study for corporate decision makers in various functions of the firm, their academic colleagues, and knowledgeable onlookers who need ways to evaluate and buttress their investment decisions.
Booknews
Investigates the process of corporate reputation building and the various roles attributed to corporate reputation, with a focus on accounting, organizational, and market considerations. Looks at the role of corporate reputation to explain relative market value compared to accounting value, and examines the impact of multinationality and corporate reputation on accrual and cash flow based valuation models. Other subjects include corporate disclosure quality, earnings management, and the value relevance of earnings, cash flows, multinationality, and corporate reputation as assessed by security markets. The author teaches accounting at the University of Illinois. Annotation c. Book News, Inc., Portland, OR (booknews.com)
Table of Contents:
PrefaceThe Determinants of Corporate Reputational Building
Corporate Reputation, Internalization and Market Valuation of Multinational Firms
Impact of Corporate Reputation and Multinationality on Centextual Accrual and Cash Flow Based Valuation Models
Corporate Disclosure Quality and Corporate Reputation
Earnings Management and Reputational Building of Multinational Firms
The Role of Corporate Reputation in Earnings Management
The Value Relevance of Earnings, Cash Flows, Multinationality and Reputation as Assessed by Security Markets
Executive Compensation, Organizational Effectiveness, Social Performance and Financial Performance
Corporate Reputations as one Determinant of International Production
The Impact of Reputation on the Informativeness of Earnings and Accounting Choices
Organizational Effectiveness, Social Performance and Economic Performance Characteristics
Index
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British Society, 1680-1880: Dynamism, Containment and Change
Author: Richard Pric
Richard Price offers a radical new interpretation of modern British history. He argues that the period 1680-1880 was a distinct era in British history, a dynamic period of much change but which was ultimately contained within clearly defined boundaries. Professor Price thus identifies the nineteenth century as the end of this period rather than the moment of modernity. Elegantly written and lucidly organized, this study will be of value to all scholars and students with an interest in this fascinating period.
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