Awareness, Determinants and Value of Reputation Risk Management: Empirical Evidence from the Banking and Insurance Industry

Journal article
(Original article)


Publication Details

Author(s): Heidinger D, Gatzert N
Journal: Journal of Banking & Finance
Publication year: 2018
Volume: 91
Pages range: 106-118
ISSN: 0378-4266


Abstract

The aim of this paper is to empirically study reputation risk management in the US and European banking and insurance industry, which has become increasingly important in recent years. We first use a text mining approach and find that the awareness of reputation risk (management) as reflected in annual reports has increased during the last ten years and that it has gained in importance relative to other risks. Furthermore, we provide the first empirical study of the determinants and value of reputation risk management. Our results show that larger firms, as well as firms that are located in Europe and have a higher awareness of their reputation, are significantly more likely to implement a reputation risk management program. Finally, we obtain initial indications of the value-relevance of reputation risk management.


FAU Authors / FAU Editors

Gatzert, Nadine Prof. Dr.
Lehrstuhl für Versicherungswirtschaft und Risikomanagement
Heidinger, Dinah
Lehrstuhl für Versicherungswirtschaft und Risikomanagement


Additional Organisation
Lehrstuhl für Versicherungswirtschaft und Risikomanagement


How to cite

APA:
Heidinger, D., & Gatzert, N. (2018). Awareness, Determinants and Value of Reputation Risk Management: Empirical Evidence from the Banking and Insurance Industry. Journal of Banking & Finance, 91, 106-118. https://dx.doi.org/10.1016/j.jbankfin.2018.04.004

MLA:
Heidinger, Dinah, and Nadine Gatzert. "Awareness, Determinants and Value of Reputation Risk Management: Empirical Evidence from the Banking and Insurance Industry." Journal of Banking & Finance 91 (2018): 106-118.

BibTeX: 

Last updated on 2019-04-01 at 17:10