Media coverage, corporate social irresponsibility conduct, and financial analysts' performance

2021 ◽  
Vol 28 (5) ◽  
pp. 1456-1470
Author(s):  
Acar Berkan ◽  
Becchetti Leonardo ◽  
Manfredonia Stefano
Keyword(s):  
Media Coverage ◽  
Financial Analysts ◽  
Corporate Social Irresponsibility ◽  
Corporate Social

How Media Coverage of Corporate Social Irresponsibility Increases Financial Risk

2017 ◽  
Vol 38 (11) ◽  
pp. 2266-2284 ◽  
Author(s):  
Julian F. Kölbel ◽  
Timo Busch ◽  
Leonhardt M. Jancso
Keyword(s):  
Media Coverage ◽  
Financial Risk ◽  
Corporate Social Irresponsibility ◽  
Corporate Social

scholarly journals When Does Corporate Social Irresponsibility Become News? Evidence from More Than 1,000 Brand Transgressions Across Five Countries

2020 ◽  
Vol 84 (3) ◽  
pp. 46-67 ◽  
Author(s):  
Samuel Stäbler ◽  
Marc Fischer
Keyword(s):  
News Media ◽  
Media Coverage ◽  
News Medium ◽  
Financial Loss ◽  
Media Report ◽  
Foreign Brand ◽  
News Value ◽  
Media Outlet ◽  
Corporate Social Irresponsibility ◽  
Corporate Social

Companies are increasingly held accountable for their corporate social irresponsibility (CSI). However, the extent to which a CSI event damages the firm largely depends on the coverage of this event in high-reach news media. Using the theory of news value developed in communications research, the authors explain the amount of media coverage by introducing a set of variables related to the event, the involved brand, and media outlet. The authors analyze a sample of 1,054 CSI events that were reported in 77 leading media outlets in five countries in the period 2008–2014. Estimation results reveal many drivers. For example, the number of media covering the story may be 39% higher for salient and strong brands. 80% more media report the event if a foreign brand is involved in a domestic CSI event. When a brand advertises heavily or exclusively in a news medium, this reduces the likelihood of the news medium to cover negative stories about the brand. The average financial loss at the U.S. stock market due to a CSI event amounts to US$321 million. However, the market reacts to the event only if 4 or more U.S. high-reach media outlets report on the event.

Toward a Theoretical Framework of Corporate Social Irresponsibility: Clarifying the Gray Zones Between Responsibility and Irresponsibility

2021 ◽  
pp. 000765032110159
Author(s):  
Cynthia E. Clark ◽  
Marta Riera ◽  
María Iborra
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Theoretical Framework ◽  
Conceptual Clarity ◽  
Corporate Social Irresponsibility ◽  
Corporate Social

In this conceptual article, we argue that defining corporate social responsibility (CSR) and corporate social irresponsibility (CSI) as opposite constructs produces a lack of clarity between responsible and irresponsible acts. Furthermore, we contend that the treatment of the CSR and CSI concepts as opposites de-emphasizes the value of CSI as a stand-alone construct. Thus, we reorient the CSI discussion to include multiple aspects that current conceptualizations have not adequately accommodated. We provide an in-depth exploration of how researchers define CSI and both identify and analyze three important gray zones between CSR and CSI: (a) the role of harm and benefit, (b) the role of the actor and intentionality, and (c) the role of rectification. We offer these gray zones as factors contributing to the present lack of conceptual clarity of the term CSI, as a concept in its own right, leading to difficulties that researchers and managers experience in categorizing CSI acts as distinct from CSR.

Corporate social irresponsibility, CEO overconfidence, and stock price crash risk

2018 ◽  
Vol 26 (14) ◽  
pp. 1143-1147 ◽  
Author(s):  
Yun-Chi Lee ◽  
Yang-Cheng Lu ◽  
Yu-Chun Wang
Keyword(s):  
Stock Price ◽  
Crash Risk ◽  
Corporate Social Irresponsibility ◽  
Corporate Social

scholarly journals Socially Irresponsible Corporations and Choices of Consumers: Altruism, Retaliation, or Demand for Reparation?

2018 ◽  
Vol 10 (2) ◽  
pp. 47
Author(s):  
Bryan H. Chen ◽  
Mei-Hua Chen ◽  
Pei-Ni Tai
Keyword(s):  
Corporate Social Irresponsibility ◽  
Corporate Social ◽  
The Relationship

In this study we investigate consumers’ perceptions regarding corporate social irresponsibility (CSiR), perceived betrayal, and punishment behaviors (altruistic, retaliatory and demand for reparation behavior). This article examined empirically the relationship between CSiR and punishment behaviors with perceived betrayal as a moderator via PLS-SEM and PROCESS. The results supported three main hypotheses (a) consumers’ CSiR perception positively predicted their altruistic, retaliatory and demand for reparation behaviors as well as feelings of perceived betrayal; (b) Consumers’ feelings of perceived betrayal positively influenced their altruistic, retaliatory and demand for reparations behaviors; (c) Consumers’ feelings of perceived betrayal mediated the relationship between CSiR and punishment behaviors. Findings suggest that once consumers perceived CSiR events, they tend to perform punishment behaviors to penalize socially irresponsible corporations.

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