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Corporate Social Responsibility and Public Opinion: Examining the Causes and Consequences of Backlash

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Resumo(s)

Brands have addressed several causes to create awareness and build reputation. Over the years, the consumer has changed from being value-driven to purpose-driven. This makes brands think about what the best causes they should align. Brands create Corporate Social Responsibility (CSR) campaigns to show this alignment. This type of campaign arises from bridging the corporate environment with social responsibility. Bridging these two creates benefits for a citizen but also for enterprises. It enables an enterprise to achieve financial growth and enhance its branding. However, not always consumers agree with these campaigns. This study examinesthe effects of CSR marketing campaigns that became entangled in an Online Firestorm to understand the impact of these campaigns. Data from two sources were used: Twitter and stock market data. Results show that organizations could obtain financial gains even in the presence of a backlash. Additionally, results demonstrated that an Online Firestorm lasts three to six days. Results also showed a positive correlation between online sentiment in social media and stock market prices. This study's findings were relevant for academia and organizations, as they show that even campaigns involved in online firestorms were not necessarily bad for brands and organizations.

Descrição

Dissertation presented as the partial requirement for obtaining a Master's degree in Data Driven Marketing, specialization in Data Science for Marketing

Palavras-chave

Data Analysis Corporate Social Responsibility Financial Markets Cause-Related Marketing Backlash Online Firestorm SDG 4 - Quality education

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