Social media and corporate dialogue: the response of global financial institutions

Shranjeno v:
Bibliografske podrobnosti
izdano v:Online Information Review vol. 35, no. 1 (2011), p. 34
Glavni avtor: Bonsón, Enrique
Drugi avtorji: Flores, Francisco
Izdano:
Emerald Group Publishing Limited
Teme:
Online dostop:Citation/Abstract
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100 1 |a Bonsón, Enrique 
245 1 |a Social media and corporate dialogue: the response of global financial institutions 
260 |b Emerald Group Publishing Limited  |c 2011 
513 |a Feature 
520 3 |a Purpose - The aim of this paper is to analyse the extent to which global financial institutions are using Web 2.0 technologies and social media initiatives to transform the way in which they perform their corporate disclosure, that is, if these entities are opening a real corporate dialogue. Design/methodology/approach - The web sites of 132 major global financial entities - in Europe (54 entities), the Asia-Pacific region (55) and the Americas (23) - have been scored according to a Sophistication Index, considering various relevant Web 2.0 technologies and social media implementations. The analysis, by means of least squares and logistic regression models, is consistent across both techniques. Findings - Web 2.0 technologies and social media are not fully available in the corporate reporting arena. Nonetheless, a significant influence is detected. The size of each entity and the region in which it operates influence the scored utilisation of Web 2.0 and social media initiatives. Research limitation/implications - Web 2.0 tools and social media initiatives have been researched via corporate web sites. Corporate visibility in the major social networks, and also the use of advanced web metrics, will remain topics for further research. Practical implications - A lack of strategy for implementing an effective corporate dialogue is clearly observed. Based on these findings the banking industry and the supervisory authorities, which are under special scrutiny due to the recent global crisis, can take much greater advantage of the potential of social media to open a real corporate dialogue, increasing the level of transparency. Originality/value - As social media are becoming more useful and ubiquitous, both academics and practitioners need some initial and reliable background data on this preliminary situation. The extraordinary role of protagonist that the banking industry has played in the recent economic upheavals justify its selection as a first sample for this exploratory study. [PUBLICATION ABSTRACT] 
653 |a Studies 
653 |a Internet 
653 |a Disclosure 
653 |a Banks 
653 |a Banking industry 
653 |a Competitive advantage 
653 |a International finance 
653 |a Stockholders 
653 |a Shareholder meetings 
653 |a Social networks 
653 |a Web 2.0 
653 |a Metadata 
653 |a Bibliometrics 
653 |a Vocabularies & taxonomies 
653 |a Virtual communities 
653 |a Community 
653 |a Competition 
653 |a Business communications 
653 |a Websites 
653 |a Transparency 
653 |a Regions 
653 |a Visibility 
653 |a Sophistication 
653 |a Mass media 
653 |a Social media 
653 |a Scrutiny 
653 |a Financial institutions 
653 |a Academic staff 
653 |a Interlocking directorates 
653 |a Banking 
653 |a Dialogue 
653 |a Stakeholders 
653 |a Video Technology 
653 |a Electronic Publishing 
653 |a Individualized Instruction 
653 |a Computer Oriented Programs 
653 |a Social Environment 
653 |a Web 2.0 Technologies 
653 |a Web Sites 
653 |a Community Relations 
700 1 |a Flores, Francisco 
773 0 |t Online Information Review  |g vol. 35, no. 1 (2011), p. 34 
786 0 |d ProQuest  |t ABI/INFORM Global 
856 4 1 |3 Citation/Abstract  |u https://www.proquest.com/docview/855079574/abstract/embedded/H09TXR3UUZB2ISDL?source=fedsrch 
856 4 0 |3 Full Text  |u https://www.proquest.com/docview/855079574/fulltext/embedded/H09TXR3UUZB2ISDL?source=fedsrch 
856 4 0 |3 Full Text - PDF  |u https://www.proquest.com/docview/855079574/fulltextPDF/embedded/H09TXR3UUZB2ISDL?source=fedsrch