A theoretical, methodological and empirical approach to reputational risk
- Vizcaíno González, Marcos
- Juan Piñeiro Chousa Director
Defence university: Universidade de Santiago de Compostela
Fecha de defensa: 15 December 2015
- Rafael García Rodríguez Chair
- Beatriz Aibar Guzmán Secretary
- Mercedes Vila Alonso Committee member
- Francisco González Rodríguez Committee member
- Angeles López Cabarcos Committee member
Type: Thesis
Abstract
This thesis proposes a theoretical, methodological and empirical framework for the analysis of reputational risk. As a first step, it offers a conceptual schema in order to assess the reputational risk management attitude that any organization can hold. In addition, it provides a methodological and mathematical background for addressing the effects of reputational risk management, based on the options theory and formally modeled through partial differential equations, which is a robust methodology that is widely used in the quantitative finance research field. Finally, it supplies a set of empirical findings regarding the reputational implications of the voting behavior disclosed in corporate meetings held by United States banks, investigating the causes as well as the organizational and financial consequences.