Staebler, Samuel and Fischer, Marc (2020). When Does Corporate Social Irresponsibility Become News? Evidence from More Than 1,000 Brand Transgressions Across Five Countries. J. Mark., 84 (3). S. 46 - 68. THOUSAND OAKS: SAGE PUBLICATIONS INC. ISSN 1547-7185
Full text not available from this repository.Abstract
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.
Item Type: | Journal Article | ||||||||||||
Creators: |
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URN: | urn:nbn:de:hbz:38-335851 | ||||||||||||
DOI: | 10.1177/0022242920911907 | ||||||||||||
Journal or Publication Title: | J. Mark. | ||||||||||||
Volume: | 84 | ||||||||||||
Number: | 3 | ||||||||||||
Page Range: | S. 46 - 68 | ||||||||||||
Date: | 2020 | ||||||||||||
Publisher: | SAGE PUBLICATIONS INC | ||||||||||||
Place of Publication: | THOUSAND OAKS | ||||||||||||
ISSN: | 1547-7185 | ||||||||||||
Language: | English | ||||||||||||
Faculty: | Unspecified | ||||||||||||
Divisions: | Unspecified | ||||||||||||
Subjects: | no entry | ||||||||||||
Uncontrolled Keywords: |
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URI: | http://kups.ub.uni-koeln.de/id/eprint/33585 |
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