The Competitive Role of Market Image in Maximizing Company Performance
Guest Paper
Mihai Carp
Faculty of Economics and Business Administration, Alexandru Ioan Cuza University, Romania
Irina Chiriac
Faculty of Economics and Business Administration, Alexandru Ioan Cuza University, Romania
Mihai-Bogdan Afrasinei
Iuliana Eugenia Georgescu
Faculty of Economics and Business Administration, Alexandru Ioan Cuza University, Romania
Ciprian Apostol
Faculty of Economics and Business Administration, Alexandru Ioan Cuza University, Romania
Published 2026-03-25
https://doi.org/10.15388/Tibe.2026.25.1.1
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Keywords

commercial performance
stock performance
media image
CEO Gender
CEO Age
Auditor reputation

How to Cite

Carp, M., Chiriac, I., Afrasinei, M.-B., Georgescu, I. E., & Apostol, C. (2026). The Competitive Role of Market Image in Maximizing Company Performance. Transformations In Business & Economics, 25(1 (67), 21-41. https://doi.org/10.15388/Tibe.2026.25.1.1

Abstract

Maximizing performance, though a challenging objective, remains a focal point for many leaders and organizations striving to continuously enhance operations and achieve desired outcomes. This paper aims to assess the influence of companies’ image on their commercial and stock performance. From an economic perspective, companies can enhance their sales or commercial performance (operating income/turnover), as well as their stock performance such as Price-to-Book Ratio (PBR) and return on shares. The study employs correlation analysis and multiple regression analysis on 200 companies listed on the Bucharest Stock Exchange, covering observations over a 9-year period from 2014 to 2022. We present suggestive evidence that factors such as media image, CEO gender, CEO age, and auditor reputation can impact sales growth, commercial profitability, and investor decisions. These findings carry significant implications for both economic theory and practice.

 

 

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References

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This work is licensed under a Creative Commons Attribution 4.0 International License.

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