The Impact of Corporate Reputation on Financial Performance - Based on A-share Listed Companies in China's Food and Beverage Industry

Xinran Zhan

doi:10.47297/wspceWSP2516-251929.20250905

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The Impact of Corporate Reputation on Financial Performance - Based on A-share Listed Companies in China's Food and Beverage Industry

Volume 9, Issue 5

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The Impact of Corporate Reputation on Financial Performance - Based on A-share Listed Companies in China's Food and Beverage Industry
The Impact of Corporate Reputation on Financial Performance - Based on A-share Listed Companies in China's Food and Beverage Industry
School of Accounting in Jiangxi University of Finance and Economics, Nanchang, Jiangxi, 330013, China
Vol. 9, Issue 5, Pages: 153-160(2025)
Published：30 October 2025
DOI：10.47297/wspceWSP2516-251929.20250905
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Zhan Xinran.The Impact of Corporate Reputation on Financial Performance - Based on A-share Listed Companies in China's Food and Beverage Industry[J].Creative Economy,2025,09(05):153-160.
DOI：

Zhan Xinran.The Impact of Corporate Reputation on Financial Performance - Based on A-share Listed Companies in China's Food and Beverage Industry[J].Creative Economy,2025,09(05):153-160. DOI： 10.47297/wspceWSP2516-251929.20250905.

摘要

Abstract

This study examines the impact of corporate reputation on financial performance

focusing on A-share listed companies in China's food and beverage industry. Against the backdrop of frequent reputation-related incidents in the industry and the amplified influence of social media

the research aims to address the lack of industry-specific studies on this relationship. Drawing on stakeholder theory and signaling theory

it constructs a theoretical framework for the influence mechanism of corporate reputation on financial performance

including channels such as consumer trust

investor confidence

and operational efficiency. Using panel data of 114 listed companies from 2015 to 2024

an empirical analysis is conducted with a fixed-effects model

incorporating variables like corporate reputation score (explanatory variable)

return on assets (dependent variable)

and control variables such as firm size and leverage. The results indicate that corporate reputation significantly and positively affects financial performance

with a more pronounced effect in leading enterprises. Robustness tests (using return on equity as an alternative dependent variable) validate these findings. This study enriches the theoretical research on corporate reputation in specific industries and provides practical insights for reputation management in food and beverage enterprises

as well as decision-making references for investors and regulators.

关键词

Keywords

references

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