The Association of Corporate Reputation and Stock Return

碩士 === 長庚大學 === 工商管理學系 === 102 === Prior research indicated that when investors make investment decisions, investors will consider corporate reputation into consideration. Sample corporations are obtained from surveys of enterprise reputation in Taiwan from 2008 to 2012 by Commonwealth Magazine. Thi...

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Bibliographic Details
Main Authors: Yu Fang Hsu, 許瑜芳
Other Authors: C. L. Liu
Format: Others
Published: 2014
Online Access:http://ndltd.ncl.edu.tw/handle/s4298j
Description
Summary:碩士 === 長庚大學 === 工商管理學系 === 102 === Prior research indicated that when investors make investment decisions, investors will consider corporate reputation into consideration. Sample corporations are obtained from surveys of enterprise reputation in Taiwan from 2008 to 2012 by Commonwealth Magazine. This study investigates whether corporate reputation affects stock return. We examine that average daily return of benchmark companies is lower than comparable companies, which indicates that corporate reputation may not a main reference for investors during short-term trading period, but if consider long-term holding, benchmark companies are still worth invested, because sustainable development is the main goal of corporation.