Are Awards always Rewards? A Theoretical Review
This study reviews whether award-winning firms show improved performance and receive a positive reaction from the market in accordance with theoretical expectations. The market anticipates that award winners and certified firms will achieve more positive performance compared to other firms within a...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Niccolò Cusano University-Rome
2023-11-01
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| Series: | Symphonya |
| Subjects: | |
| Online Access: | https://symphonya.unicusano.it/article/view/13691 |
| _version_ | 1797426326843424768 |
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| author | Taeuk Kang Jin-woo Kim Hui-Chuan Chen |
| author_facet | Taeuk Kang Jin-woo Kim Hui-Chuan Chen |
| author_sort | Taeuk Kang |
| collection | DOAJ |
| description |
This study reviews whether award-winning firms show improved performance and receive a positive reaction from the market in accordance with theoretical expectations. The market anticipates that award winners and certified firms will achieve more positive performance compared to other firms within an industry. However, the existing literature shows inconsistent results. As the authors of this study, we attempt to assess whether being awarded or receiving certification adequately compensates the firm’s efforts to obtain such achievements. Furthermore, we strive to provide the rationale to explain why the results of previous studies are inconsistent. Finally, we offer four propositions to effectively investigate the association between such achievements and the reactions of the market and the firm's performance.
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| first_indexed | 2024-03-09T08:28:38Z |
| format | Article |
| id | doaj.art-41728e6729b74261911f036d05f0d760 |
| institution | Directory Open Access Journal |
| issn | 1593-0300 1593-0319 |
| language | English |
| last_indexed | 2024-03-09T08:28:38Z |
| publishDate | 2023-11-01 |
| publisher | Niccolò Cusano University-Rome |
| record_format | Article |
| series | Symphonya |
| spelling | doaj.art-41728e6729b74261911f036d05f0d7602023-12-02T20:25:20ZengNiccolò Cusano University-RomeSymphonya1593-03001593-03192023-11-01110.4468/2023.01.04kang.kim.chenAre Awards always Rewards? A Theoretical Review Taeuk Kang0Jin-woo Kim1Hui-Chuan Chen2The University of Tennessee at MartinGeorgia Southern UniversityThe University of Tennessee at Martin This study reviews whether award-winning firms show improved performance and receive a positive reaction from the market in accordance with theoretical expectations. The market anticipates that award winners and certified firms will achieve more positive performance compared to other firms within an industry. However, the existing literature shows inconsistent results. As the authors of this study, we attempt to assess whether being awarded or receiving certification adequately compensates the firm’s efforts to obtain such achievements. Furthermore, we strive to provide the rationale to explain why the results of previous studies are inconsistent. Finally, we offer four propositions to effectively investigate the association between such achievements and the reactions of the market and the firm's performance. https://symphonya.unicusano.it/article/view/13691Quality Management; ISO 9000Environmental ManagementMarketingAwardsGlobal Competition |
| spellingShingle | Taeuk Kang Jin-woo Kim Hui-Chuan Chen Are Awards always Rewards? A Theoretical Review Symphonya Quality Management; ISO 9000 Environmental Management Marketing Awards Global Competition |
| title | Are Awards always Rewards? A Theoretical Review |
| title_full | Are Awards always Rewards? A Theoretical Review |
| title_fullStr | Are Awards always Rewards? A Theoretical Review |
| title_full_unstemmed | Are Awards always Rewards? A Theoretical Review |
| title_short | Are Awards always Rewards? A Theoretical Review |
| title_sort | are awards always rewards a theoretical review |
| topic | Quality Management; ISO 9000 Environmental Management Marketing Awards Global Competition |
| url | https://symphonya.unicusano.it/article/view/13691 |
| work_keys_str_mv | AT taeukkang areawardsalwaysrewardsatheoreticalreview AT jinwookim areawardsalwaysrewardsatheoreticalreview AT huichuanchen areawardsalwaysrewardsatheoreticalreview |