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Please use this identifier to cite or link to this item: http://hdl.handle.net/10400.5/2317

Title: The Impact of Corporate Rebranding on the Firm's Market Value
Authors: Borges, Maria Rosa
Branca, Ana S.
Keywords: corporate image
rebranding
market value
event study
Issue Date: 2010
Publisher: ISEG - Departamento de Economia
Citation: Borges, Maria Rosa e Ana S. Branca. 2010. "The Impact of Corporate Rebranding on the Firm's Market Value". Instituto Superior de Economia e Gestão - DE Working papers nº 13-2010/DE/UECE
Series/Report no.: DE Working papers;nº 13-2010/DE/UECE
Abstract: 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.
URI: http://hdl.handle.net/10400.5/2317
ISSN: 0874-4548
Publisher version: http://aquila1.iseg.utl.pt/aquila/getFile.do?method=getFile&fileId=136285
Appears in Collections:UECE - Documentos de Trabalho / UECE - Working Papers
DE - Documentos de trabalho / Working Papers

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