The effect of the corporate reputation on the market value of firms: A study on the top eight Philippine companies listed in the Wall street journal Asia's Asia 200: Asia's most admired companies (2006-2010)
Date of Publication
2014
Document Type
Bachelor's Thesis
Degree Name
Bachelor of Science in Management of Financial Institutions
College
Ramon V. Del Rosario College of Business
Department/Unit
Financial Management
Thesis Adviser
Junette Perez
Defense Panel Member
Patrick Caoile
Merriam Tanco
Michael Tanco
Abstract/Summary
Corporate reputation is slowly becoming a subject of interest in terms of value creation. Nevertheless, most of these studies are focused on developed economies. This research is the first to obtain findings regarding the effect of the nonfinancial component of corporate reputation on market value in the Philippine setting. The determinants of firm reputation score, namely return on assets, market-to-book value, company size, debt-to-equity ratio, and net income growth, are also investigated using Brown and Perry (1994) financial halo control model. Regression results suggest that company size and debt-to-equity ratio play a significant role in the corporate reputation score. The study is constrained in terms of the length of time covered, which is from 2006 to 2010 only, because of the limitations in corporate reputation data available in the Philippines, specifically in the scope in period of the Asian wall street journal Asia 200: Asia's most admired companies. The sample in the study includes eight publicly-listed companies from the Asia 200 top ten companies in the Philippines. Using the modified Ohlson (1995) model, the findings in this research show that the nonfinancial component of corporate reputation has an effect on market value, supporting existing literature on corporate reputation.
Abstract Format
html
Language
English
Format
Accession Number
TU21616
Shelf Location
Archives, The Learning Commons, 12F, Henry Sy Sr. Hall
Physical Description
v, 162 leaves : illustrations (some color) ; 28 cm.
Keywords
Financial institutions--Philippines; Corporate image--Philippines
Recommended Citation
Baluyot, R. B., Go, R. M., Parungao, K. B., & Pontino, N. V. (2014). The effect of the corporate reputation on the market value of firms: A study on the top eight Philippine companies listed in the Wall street journal Asia's Asia 200: Asia's most admired companies (2006-2010). Retrieved from https://animorepository.dlsu.edu.ph/etd_bachelors/7688
