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Enterprise risk management (ERM) systems lessen the probability of risks harming a firm's reputation for a number of reasons. First, a high-quality ERM system makes it less likely a firm will suffer a risk-based reputational crisis. Second, ERM systems help companies to behave more responsibly towards all stakeholders, thereby ensuring firms 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 firm 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 confirm that ERM systems have a positive impact on corporate reputation via the mediating effect of CSR performance. Companies should therefore use risk management policies to bolster both their CSR and their reputation. [ABSTRACT FROM AUTHOR]

City reputation is a valuable intangible asset that boosts the attractiveness of a city in terms of resources, events, tourism, or as a place of residence. Since city sustainability is understood as the framework of a city's economic activities conducted within the carrying capacity of the local environment to the benefit of the local population, it may help to satisfy city stakeholders' expectations over time; in other words, to enhance city reputation. Our results from Tobit analyses, based on an international sample of 62 cities between 2015 and 2018, confirm that city sustainability is a determinant of city reputation. Specifically, this study shows that the level of environmental, social, and economic sustainability affects positively city reputation. Our results are of interest to local authorities, as they indicate the relevance of efforts to consolidate city sustainability in order to build a good city reputation. [ABSTRACT FROM AUTHOR]

Studies have found that good corporate reputation benefits firm outcomes. Our research tests whether these benefits also hold for city reputation. We use a sample of 76 Spanish cities to analyse the effect of city reputation on city performance as measured by city economic activities, unemployment rates and net migration rates. After controlling for endogeneity and spatial autocorrelation, we find that good city reputation is positively associated with economic activities and negatively with unemployment, but not related to net migration. Our results may be of interest to local authorities, as they indicate the relevance of efforts to consolidate city reputation. [ABSTRACT FROM AUTHOR]

The conceptual closeness between corporate social performance (CSP) and corporate reputation (CR) and their convergence toward a common stakeholder framework has resulted in a concurrence of empirical analysis that has muddled the two lines of research. This paper tries to clear up the interrelation between CSP and CR. These concepts are linked by firm legitimation, a process that translates past performance into an expectation for the future. Legitimation transforms CSP, an objective flow variable, into CR, a perceptual stock variable.Corporate Reputation Review (2007) 10, 60–72. doi:10.1057/palgrave.crr.1550038 [ABSTRACT FROM AUTHOR]