Corporate Legitimacy and COVID-19 - Spanish citizens' perceptions during confinement - Fundación Camilo Prado
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Corporate Legitimacy and COVID-19 Spanish citizens' perceptions during confinement Results from the survey developed by Management & Business Economics Research Group (Rey Juan Carlos University), in collaboration with Fundación Camilo Prado
Index Objective Situation in Spain Companies and Actions during COVID-19 Companies and Country Brand Companies and Politics Companies and Consumers Consumers and the Media Companies and Legitimacy Data Sheet Research Team mberesearch.com 1
Objective The health emergency caused by COVID-19 has created a complex context from the health point of view, but also from a social, economic and political perspective, which has led to an uncertain situation regarding the future Before COVID-19 companies were focused on the United Nations Sustainable Development Goals. During this situation we have seen how some of these goals improve (environmental) while others worsen in societies where many of them were already surpassed. It is disturbing to see the increase in the economic, salary and gender gap, the entrepreneurship problems, the loss of rights and liberties as well as the lack of respect to the elderly. This situation made us think whether the institutions and companies were being responsible given the circumstances or not, if they were behaving in an ethical manner, and if their behavior during confinement was going to generate changes in the citizens' habits. Therefore, we asked ourselves, are companies doing what they should? Are they legitimate? Are they adapting to this reality and helping the population? In this study, we present the responses to the questions regarding the relationship between companies and Covid-19, responsible behavior, impact on our future consumption habits, our government and the legitimacy of companies during the confinement in Spain. mberesearch.com 2
Spain: COVID-19 evolution Growth rate Instant basic reproductive number (RT) Spain Spain daily cases days days Date Date Source: Health Ministry, Spain (2020) mberesearch.com 3
Companies and Actions during COVID-19 Are the actions developed by companies during 7% 12% 32% 35% 14% this crisis adequate? Do these actions represent any benefit for 11% 13% 27% 32% 17% citizens? Do you think that they are adapting to the social demands arising from this situation? 11% 21% 26% 30% 13% And, considering the health emergency. Are they fulfilling the law? 7% 13% 27% 28% 24% 1 2 3 4 5 Evaluate from 1 to 5, considering that 1 is completely disagree and 5 completely agree mberesearch.com 4
Companies and Actions during COVID-19 Are they helping their employees to fulfill the law? 9% 15% 31% 26% 18% Are they fulfilling the health requirements? 11% 15% 29% 31% 14% In general terms, do you think that companies are 12% 18% 32% 28% 9% being managed correctly in this situation? 1 2 3 4 5 Evaluate from 1 to 5, considering that 1 is completely disagree and 5 completely agree mberesearch.com 5
Companies and Actions during COVID-19 52% 33% 44% believe that companies perceive that companies perceive that companies are fulfilling the Law are adapting successfully are helping their to this crisis employees adapt to these circumstances mberesearch.com 6
Companies and Country Brand Are they an example of how companies should be behaving in other countries under this 17% 19% 27% 26% 11% situation? Are they contributing to improve our country´s 17% 18% 30% 22% 12% image? 37% consider that they are a good or 1 2 3 4 5 Evaluate from 1 to 5, considering that 1 is completely disagree and 5 completely agree very good example for other countries mberesearch.com 7
Companies and Politics Are they approaching this crisis better that our 10% 7% 17% 24% 42% politicians? Should they become available for the government to help them overcome this crisis? 13% 9% 18% 27% 34% What do you think about the European Union? 28% 19% 28% 16% 9% Are they managing the situation better than our companies? 1 2 3 4 5 Evaluate from 1 to 5, considering that 1 is completely disagree and 5 completely agree mberesearch.com 8
Companies and Politics 66% 47% 61% believe that companies believe that companies are believe that companies are doing things better or doing things better or should become available much better than our much better than the for the government to politicians European Union help them overcome this crisis mberesearch.com 9
Companies and Consumers When we return to our normal lives…will your perceptions have changed regarding some 14% 10% 26% 29% 21% companies? Will the origin of products affect your purchase decisions? For example, made in China, made in 21% 8% 15% 23% 34% Bangladesh, made in Spain? Are you worried about how COVID-19 will affect 9% 8% 10% 19% 53% your profession and income level? Are you concerned about it? 12% 10% 21% 24% 33% 1 2 3 4 5 Evaluate from 1 to 5, considering that 1 is completely disagree and 5 completely agree mberesearch.com 10
Companies and Consumers The concern and anxiety that citizens are perceiving during the Covid-19 crisis will influence the perceptions about companies and on a higher propensity for consuming products and services from charitable companies. 60% 57% consider that the origin 72% 57% consider that their believe that this feel concerned perceptions about of the product will situation will affect companies will affect their purchase their income change decisions mberesearch.com 11
Consumers and the Media Are you tired of watching the news and see that nothing is changing? 6% 3% 12% 21% 57% Do you consider that the media affect your opinion about companies? 13% 9% 14% 24% 40% 1 2 3 4 5 78% are tired or very tired of watching Evaluate from 1 to 5, considering that 1 is completely disagree and 5 completely agree the news and seeing that nothing is changing mberesearch.com 12
Companies and Legitimacy Ranking. Legitimacy by Sector 70% 62,61% 60% 50% 40% 30% 24,52% 20% 10,43% 10% 3,48% 5,04% 5,22% 6,43% 0% -10% -5,04% -12,52% -13,91% -20% Restaurant Public Admin.* Communication Tourism Banking Health Commerce Automotive Food Textile Services * To the questions, “Could you specify three examples of companies/sectors that are contributing to overcome this crisis?” Some respondents answered the public sector, government, or politicians. Considering the research relevance of the responses, the information was gathered in pages 15 to 20. mberesearch.com 13
Companies and Legitimacy Ranking. Companies that gain Legitimacy 70% 60% 58,26% 50% 40% 30% 20% 16,35% 9,91% 10% 7,30% 7,13% 4,00% 3,13% 2,61% 2,09% 1,91% 0% Inditex Mercadona Seat Banco El Corte Inglés Iberdrola Mango Naturgy Telefónica Iberia Santander mberesearch.com 14
Companies and Legitimacy Ranking. Companies that loose Legitimacy 0% -2% -1,04% -1,04% -1,04% -1,22% -1,22% -1,39% -1,39% -1,57% -2,78% -3,13% -4% -4,17% -6% -8% -10% -12% -12,87% -14% mberesearch.com 15
The actions developed by companies during the confinement have affected their legitimacy level. Companies which have behaved correctly, adapting to social requirements, have reinforced their legitimacy. Textile and Food Government, 62% increase in the Industry are the sectors that gain more legitimacy Atresmedia and Mediaset legitimacy of the the ones that loose Textile sector Inditex, Mercadona more legitimacy and Seat the companies that gain more legitimacy mberesearch.com 16
Companies and Legitimacy Ranking. Legitimacy impacts performance by Sector 100% 82% 78% 80% 61% 61% 59% 60% 40% 20% Public Insurance Delivery Restaurant. Commun. Admin. 0% Industry Textile Tourism Water Automotive -20% -12% -20% -28% -40% -60% -61% -80% -82% -100% mberesearch.com 17
Companies and Legitimacy Ranking. Legitimacy impacts performance by Companies 100% 95% 85% 80% 74% 72% 64% 59% 60% 40% 20% FC Burger RTVE Barcelona Atresmedia King Gobierno Mediaset 0% Seat Inditex Real Atlético Mercadona Mango -20% Madrid de Madrid -40% -48% -60% -80% -72% -80% -84% -100% -96% -100% mberesearch.com 18
Some companies achieve very high legitimacy performance per each generated impact Industry and Textile are the sectors 95% which obtain a higher legitimacy performance per generated impact legitimacy Public Administration and performance of SEAT per each Communication are the sectors with less generated impact legitimacy performance per generated impact mberesearch.com 19
Data Sheet Survey developed by Management & Business Economics Research Group from Rey Juan Carlos University, in collaboration with Fundación Camilo Prado Universe: Resident population in Spain with more than 18 years old Sample: 575 Anonymous effective responses Sampling: Non-probabilistic through standardized snowball by population and regional structure Contact method: Auto – administered online surveys Field-work: From the 17th of April to the 8th of May 2020 mberesearch.com 20
Research Team The research is being developed simultaneously in the following countries: SPAIN MEXICO ITALY COLOMBIA PORTUGAL CHILE UNITED STATES PERU mberesearch.com 21
Research Team RESEARCH TEAM MEMBERS Dr. Alicia Blanco-González Dr. Gabriel Cachón Rodríguez D. Adrián López Balboa Universidad Rey Juan Carlos Universidad Rey Juan Carlos Universidad Rey Juan Carlos Project Coordinator Dr. Jorge Luís Casas Novas Dr. Giorgia Miotto Universidade de Évora Universidad Ramón Llull Dr. Cristina del Castillo-Feito Mrs. Macarena Urenda Dr. Alfredo Delgado Guzmán Universidad Rey Juan Carlos Duoc Uc Universidad Nacional Autónoma de México Dr. Elsa Esther Choy Zevallos Dr. Paola Plaza Casado Project Coordinator Latam Universidad Nacional Mayor de San Marcos Universidad Rey Juan Carlos Dr. Luis Tomás Díez de Castro Dr. Camilo Prado Román Fundación Camilo Prado Universidad Rey Juan Carlos Dr. Gregory Payne Dr. Francisco Díez-Martín Dr. María Luisa Saavedra Emerson College Universidad Rey Juan Carlos Universidad Nacional Autónoma de México Project Coordinator United States D. Fernando Flores Dr. Elías Ramírez Plazas Foro Ecuménico Social Universidad Surcolombiana Dr. Jaime Gil Lafuente Dr. Berta Silva Palavecinos Dr. Domenico Marino Universidad de Barcelona Pontificia Universidad Católica de Valparaíso Università degli Studi Mediterranea di Reggio Calabria Dr. Raúl Gómez Martínez D. Pablo Suasnavas Project Coordinator Italy Universidad Rey Juan Carlos Universidad Internacional Sek Ecuador mberesearch.com 22
MBRESEARCH http://www.mberesearch.com/ info@mberesearch.com @mbe_research It is a recognized research group by Rey Juan Carlos University One of its main lines is research about legitimacy Publicactions in international impact journals: Review of Managerial Science, Journal Business Research, American Behavioral Scientist, European Research on Management and Business Econonomics, European Journal of Management and Business Economics, Journal of Management and Business Education, Management Decision, Psychology and Marketing, International Entrepreneurship and Management Journal, European Journal of International Management, among others Paper presentations in national and international congresses (U.S.A., Mexico, Japan, Italy, France, United Kingdom, Germany, Romania, Latvia, Russia, Argentina, Hungary, Montenegro, Ecuador or Chile) Awards: AEDEM, BME, ESIC, Reina María Cristina, IAMB, FESIDE, Cesgar, AJICEDE, CIBECEM, Reale, among others mberesearch.com 23
Corporate Legitimacy and COVID-19 Spanish citizens' perceptions during confinement Results from the survey developed by Management & Business Economics Research Group (Rey Juan Carlos University), in collaboration with Fundación Camilo Prado ISBN: 978-84-09-21100-5 Editor: Alicia Blanco-González Authors / researchers: Alicia Blanco-González, Gabriel Cachón Rodríguez; Ana Cruz Suárez, Jorge Luís Casas Novas, Cristina del Castillo-Feito, Elsa Esther Choy Zevallos, Alfredo Delgado Guzmán, Susana Díaz Iglesias, Luis Tomás Díez de Castro, Francisco Díez-Martín, Sandra Escamilla Solano, Fernando Flores, Jaime Gil Lafuente, Raúl Gómez Martínez, Adrián López Balboa, Domenico Marino, Juan Gabriel Martínez-Navalón, Giorgia Miotto, Mª del Carmen de la Orden de la Cruz, Laura Pascual Nebreda, Gregory Payne, Jessica Paule Vianez, Iria Paz Gil, Paola Plaza Casado, Camilo Prado Román, Alberto Prado Román, Miguel Prado Román, María Luisa Saavedra, Elías Ramírez Plazas, Berta Silva Palavecinos, Pablo Suasnavas, Macarena Urenda © 2020: Authors
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