The DOI matches its Crossref record; 9 of the 9 references it cites were found in a registry or an index.
A Tale of Two Assets: The Effects of Firm Reputation and Celebrity on Earnings Surprises and Investors' Reactions
Abstract
The effects of intangible assets on organizational outcomes remain poorly understood. We compare the effects of two intangible assets—firm reputation and celebrity—on (1) the likelihood that a firm announces a positive or negative earnings surprise, and (2) investors' reactions to these surprises. We find that firms that have accumulated high levels of reputation (“high-reputation” firms) are less likely, and firms that have achieved celebrity (celebrity firms) more likely to announce positive surprises than firms without these assets. Both high-reputation and celebrity firms experience greater market rewards for positive surprises and smaller market penalties for negative surprises than other firms.
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Citations
Cites
Firm Resources and Sustained Competitive Advantage
Barney, J. (1991) · Journal of Management · doi:10.1177/014920639101700108 · Cited by 48,334
Sample Selection Bias as a Specification Error
Heckman, J. J. (1979) · Econometrica · doi:10.2307/1912352 · Cited by 28,779
Feeling and thinking: Preferences need no inferences.
Zajonc, R. B. (1980) · American Psychologist · doi:10.1037/0003-066x.35.2.151 · Cited by 8,094
Baumeister, R. F., Bratslavsky, E., Finkenauer, C., & Vohs, K. D. (2001) · Review of General Psychology · doi:10.1037/1089-2680.5.4.323 · Cited by 7,678
Negativity Bias, Negativity Dominance, and Contagion
Rozin, P., & Royzman, E. B. (2001) · Personality and Social Psychology Review · doi:10.1207/s15327957pspr0504_2 · Cited by 4,342
The processes of causal attribution.
Kelley, H. H. (1973) · American Psychologist · doi:10.1037/h0034225 · Cited by 4,025 · cited 1×
“Taking their cues from Heider (1958) and Kelley (1973), psychologists have argued that beliefs about ability to perform are built by positive information (i.e., past successes) and that they are relatively resilient to negative information that contradicts them (i.e., a current “failure”).”
The Double-Edge of Organizational Legitimation
Ashforth, B. E., & Gibbs, B. W. (1990) · Organization Science · doi:10.1287/orsc.1.2.177 · Cited by 2,228
Preference and belief: Ambiguity and competence in choice under uncertainty
Heath, C., & Tversky, A. (1991) · Journal of Risk and Uncertainty · doi:10.1007/bf00057884 · Cited by 1,654
Negativity and extremity biases in impression formation: A review of explanations.
Skowronski, J. J., & Carlston, D. E. (1989) · Psychological Bulletin · doi:10.1037/0033-2909.105.1.131 · Cited by 1,550 · cited 1×
“This is because failure can be attributed to many causes, but ability can be demonstrated only through successful performance (Skowronski & Carlston, 1987, 1989).”
Background
Cited by
Organizational Reputation: A Review
Lange, D., Lee, P. M., & Dai, Y. (2011) · Journal of Management · doi:10.1177/0149206310390963 · Cited by 960
Deephouse, D. L., & Jaskiewicz, P. (2013) · Journal of Management Studies · doi:10.1111/joms.12015 · Cited by 830
Understanding Attributions of Corporate Social Irresponsibility
Lange, D., & Washburn, N. T. (2012) · Academy of Management Review · doi:10.5465/amr.2010.0522 · Cited by 710
Zavyalova, A., Pfarrer, M. D., Reger, R. K., & Shapiro, D. L. (2012) · Academy of Management Journal · doi:10.5465/amj.2010.0608 · Cited by 646
Self-citationMulticollinearity: How common factors cause Type 1 errors in multivariate regression
Kalnins, A. (2018) · Strategic Management Journal · doi:10.1002/smj.2783 · Cited by 526
Metadata
- Authors
- Pfarrer, M. D., Pollock, T. G., & Rindova, V. P.
- Venue
- Academy of Management Journal
- Publisher
- Academy of Management
- Published
- 2010-10
- Volume
- 53
- Issue
- 5
- Pages
- 1131-1152
- ISSN
- 0001-4273 (ISSN-L)
- 1948-0989
- OpenAlex
- W2116652331
- Cited by
- 838
- References
- 9
- FWCI
- 67.43
- Type
- journal article
- Language
- en
- Open access
- closed
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- Pfarrer, M. D., Pollock, T. G., & Rindova, V. P. (2010). A Tale of Two Assets: The Effects of Firm Reputation and Celebrity on Earnings Surprises and Investors' Reactions. Academy of Management Journal. https://doi.org/10.5465/amj.2010.54533222
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
