How corporate social responsibility mediates the relationship between corporate reputation and enterprise risk management: evidence from Spain

Enterprise risk management (ERM) systems lessen the probability of risks harming a frm’s reputation for a number of reasons. First, a high-quality ERM system makes it less likely a frm will sufer a risk-based reputational crisis. Second, ERM systems help companies to behave more responsibly towards...

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Detalles Bibliográficos
Autores: Pérez Cornejo, Clara, Quevedo Puente, Mª Esther
Tipo de recurso: artículo
Estado:Versión publicada
Fecha de publicación:2022
País:España
Institución:Universidad de Burgos (UBU)
Repositorio:Repositorio Institucional de la Universidad de Burgos (RIUBU)
OAI Identifier:oai:riubu.ubu.es:10259/7391
Acceso en línea:http://hdl.handle.net/10259/7391
Access Level:acceso abierto
Palabra clave:Enterprise risk management system
Corporate reputation
Corporate social responsibility
Reputational risk
Crisis
Economía
Economics
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spelling How corporate social responsibility mediates the relationship between corporate reputation and enterprise risk management: evidence from SpainPérez Cornejo, ClaraQuevedo Puente, Mª EstherEnterprise risk management systemCorporate reputationCorporate social responsibilityReputational riskCrisisEconomíaEconomicsEnterprise risk management (ERM) systems lessen the probability of risks harming a frm’s reputation for a number of reasons. First, a high-quality ERM system makes it less likely a frm will sufer a risk-based reputational crisis. Second, ERM systems help companies to behave more responsibly towards all stakeholders, thereby ensuring frms meet stakeholders’ expectations. Third, when a crisis stemming from an uncontrollable risk occurs, a high-quality ERM system helps to reduce the negative impact on reputation because stakeholders will not attribute guilt to a frm which has acted responsibly in its risk management. In this research, we explore the link between corporate reputation and ERM systems together with the role played by corporate social responsibility (CSR) performance as a mediator. Our results support the notion that ERM system quality enhances CSR performance as well as corporate reputation. The results also confrm that ERM systems have a positive impact on corporate reputation via the mediating efect of CSR performance. Companies should therefore use risk management policies to bolster both their CSR and their reputation.Open Access funding provided thanks to the CRUE-CSIC agreement with Springer Nature.Springer Nature202320232022info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttp://hdl.handle.net/10259/7391reponame:Repositorio Institucional de la Universidad de Burgos (RIUBU)instname:Universidad de Burgos (UBU)InglésEurasian Business Review. 2022https://doi.org/10.1007/s40821-022-00223-2Atribución 4.0 Internacionalhttp://creativecommons.org/licenses/by/4.0/info:eu-repo/semantics/openAccessoai:riubu.ubu.es:10259/73912026-05-28T07:56:11Z
dc.title.none.fl_str_mv How corporate social responsibility mediates the relationship between corporate reputation and enterprise risk management: evidence from Spain
title How corporate social responsibility mediates the relationship between corporate reputation and enterprise risk management: evidence from Spain
spellingShingle How corporate social responsibility mediates the relationship between corporate reputation and enterprise risk management: evidence from Spain
Pérez Cornejo, Clara
Enterprise risk management system
Corporate reputation
Corporate social responsibility
Reputational risk
Crisis
Economía
Economics
title_short How corporate social responsibility mediates the relationship between corporate reputation and enterprise risk management: evidence from Spain
title_full How corporate social responsibility mediates the relationship between corporate reputation and enterprise risk management: evidence from Spain
title_fullStr How corporate social responsibility mediates the relationship between corporate reputation and enterprise risk management: evidence from Spain
title_full_unstemmed How corporate social responsibility mediates the relationship between corporate reputation and enterprise risk management: evidence from Spain
title_sort How corporate social responsibility mediates the relationship between corporate reputation and enterprise risk management: evidence from Spain
dc.creator.none.fl_str_mv Pérez Cornejo, Clara
Quevedo Puente, Mª Esther
author Pérez Cornejo, Clara
author_facet Pérez Cornejo, Clara
Quevedo Puente, Mª Esther
author_role author
author2 Quevedo Puente, Mª Esther
author2_role author
dc.subject.none.fl_str_mv Enterprise risk management system
Corporate reputation
Corporate social responsibility
Reputational risk
Crisis
Economía
Economics
topic Enterprise risk management system
Corporate reputation
Corporate social responsibility
Reputational risk
Crisis
Economía
Economics
description Enterprise risk management (ERM) systems lessen the probability of risks harming a frm’s reputation for a number of reasons. First, a high-quality ERM system makes it less likely a frm will sufer a risk-based reputational crisis. Second, ERM systems help companies to behave more responsibly towards all stakeholders, thereby ensuring frms meet stakeholders’ expectations. Third, when a crisis stemming from an uncontrollable risk occurs, a high-quality ERM system helps to reduce the negative impact on reputation because stakeholders will not attribute guilt to a frm which has acted responsibly in its risk management. In this research, we explore the link between corporate reputation and ERM systems together with the role played by corporate social responsibility (CSR) performance as a mediator. Our results support the notion that ERM system quality enhances CSR performance as well as corporate reputation. The results also confrm that ERM systems have a positive impact on corporate reputation via the mediating efect of CSR performance. Companies should therefore use risk management policies to bolster both their CSR and their reputation.
publishDate 2022
dc.date.none.fl_str_mv 2022
2023
2023
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv http://hdl.handle.net/10259/7391
url http://hdl.handle.net/10259/7391
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv Eurasian Business Review. 2022
https://doi.org/10.1007/s40821-022-00223-2
dc.rights.none.fl_str_mv Atribución 4.0 Internacional
http://creativecommons.org/licenses/by/4.0/
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Atribución 4.0 Internacional
http://creativecommons.org/licenses/by/4.0/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Springer Nature
publisher.none.fl_str_mv Springer Nature
dc.source.none.fl_str_mv reponame:Repositorio Institucional de la Universidad de Burgos (RIUBU)
instname:Universidad de Burgos (UBU)
instname_str Universidad de Burgos (UBU)
reponame_str Repositorio Institucional de la Universidad de Burgos (RIUBU)
collection Repositorio Institucional de la Universidad de Burgos (RIUBU)
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15,300719

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