Record Details

The Impact of Corporate Rebranding on the Firm’s Market Value

The International Journal of Latest Trends in Finance and Economic Sciences

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Field Value
 
Title The Impact of Corporate Rebranding on the Firm’s Market Value
 
Creator Branca, Ana Sofia
Borges, Maria Rosa
 
Description Rebranding corresponds to the creation of a new name, term, symbol, design or a combination of them for an established brand with the intention of developing a differentiated position in the mind of stakeholders and competitors. Increased competition has led firms to an avenue of differentiation, and rebranding has been approached by firms in order to differentiate themselves and to promote the corporate image. Corporate rebranding, although commonly referred in the press, has received little attention from academia. This paper tends to contribute to fill this gap in the academic literature, by analysing the impact that corporate image through rebranding has on the firms’ stock market value, using event study methodologies. We focus on firms listed on the Lisbon Stock Market in the period 2000 – February 2009. We do not find evidence of a positive impact of corporate rebranding on firm value, in Portuguese firms. In fact, our results suggest that these events may have a negative impact on firm value, even though our empirical evidence is weak, in supporting this conclusion.[1]  
 
Publisher International Journal of Latest Trends in Finance and Economic Sciences
 
Contributor —
 
Date 2012-01-22
 
Type —
 
Format application/pdf
 
Identifier http://ojs.excelingtech.co.uk/index.php/IJLTFES/article/view/411
10.2047/ijltfes.v1i4.411
 
Source International Journal of Latest Trends in Finance and Economic Sciences; Vol 1, No 4 (2011): December
 
Language en
 
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