DC FieldValueLanguage
dc.contributorDepartment of Building and Real Estateen_US
dc.contributorSchool of Accounting and Financeen_US
dc.creatorCheng, LTWen_US
dc.creatorSharma, Pen_US
dc.creatorShen, Jen_US
dc.creatorNg, ACCen_US
dc.date.accessioned2021-06-16T06:35:14Z-
dc.date.available2021-06-16T06:35:14Z-
dc.identifier.issn0148-2963en_US
dc.identifier.urihttp://hdl.handle.net/10397/90320-
dc.language.isoenen_US
dc.publisherElsevieren_US
dc.subjectB2B relationshipsen_US
dc.subjectCertification effecten_US
dc.subjectDark sideen_US
dc.subjectInvestor relationsen_US
dc.subjectSocial capitalen_US
dc.titleExploring the dark side of third-party certification effect in B2B relationships : a professional financial services perspectiveen_US
dc.typeJournal/Magazine Articleen_US
dc.identifier.spage123en_US
dc.identifier.epage136en_US
dc.identifier.volume127en_US
dc.identifier.doi10.1016/j.jbusres.2021.01.031en_US
dcterms.abstractThis paper extends the growing research on the dark side of B2B relationships by exploring the differences in third-party certification effects based on social capital with professional financial services firms, using a proprietary dataset with confidential voting records of the nominations for Investor Relation Awards in Hong Kong. Results confirm the dark side of these relationships by showing that the nominated firms with more favorable voting from international (vs. local) analysts experience stronger certification effect with higher valuations upon announcement. Moreover, nominated (but not awarded) firms with lower levels of information transparency demonstrate a larger certification effect but they also show significant improvement in their information transparency after the event, which represents an unexpected bright outcome from this dark side of B2B relationships. Overall, these findings extend the social capital argument that international financial services firms bring higher positive return through the support of their own professional and social network.en_US
dcterms.accessRightsembargoed accessen_US
dcterms.bibliographicCitationJournal of business research, Apr. 2021, v. 127, p. 123-136en_US
dcterms.isPartOfJournal of business researchen_US
dcterms.issued2021-04-
dc.identifier.scopus2-s2.0-85100036762-
dc.identifier.eissn1873-7978en_US
dc.description.validate202106 bcvcen_US
dc.description.oaNot applicableen_US
dc.identifier.FolderNumbera0928-n01-
dc.description.fundingSourceSelf-fundeden_US
dc.description.pubStatusPublisheden_US
dc.date.embargo2024.04.30en_US
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