Research Article
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HOW AND WHEN CUSTOMER ENGAGEMENT UNDERLIES THE LINK BETWEEN FAMILY OWNERSHIP AND FIRM PERFORMANCE: A CONCEPTUAL FRAMEWORK

Year 2022, , 477 - 487, 29.10.2022
https://doi.org/10.35379/cusosbil.1102174

Abstract

With the rapid proliferation of social media, two-way interactions between customers and firms are increased in the past decade. This interactive communication helps firms increase customer engagement. For this reason, social media-driven customer engagement and firm performance have received academics' attention. However, the existing studies substantially focus on customers, and very little is known about firms' related factors (antecedents). Therefore, this study was designed to explain the missed relations from the firm focus. This study aims to develop a comprehensive conceptual framework of customer engagement that includes antecedents (firm’s governance characteristics), consequences (firm performance), and moderators (family strategic emphasis and social media usage intensity). To explain the new relations, five theoretical propositions have been proposed. The study offers theoretical contributions that also help practitioners. The proposed new conceptual model expands the customer engagement literature. Furthermore, family firms can also get a competitive advantage over rivals by emphasizing their characteristics in their communication strategy.

References

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  • Ailawadi, K. L., Lehmann, D. R., & Neslin, S. A. (2003). Revenue premium as an outcome measure of brand equity. Journal of Marketing, 67(4), 1-17. https://doi.org/10.1509/jmkg.67.4.1.18688
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  • Arregle, J., Hitt, M. A., Sirmon, D. G., & Very, P. (2007). The development of organizational social capital: Attributes of family firms. Journal of Management Studies, 44(1), 73-95. https://doi.org/10.1111/j.1467-6486.2007.00665.x
  • Bednarz, J., Bartosik-Purgat, M., Jastrzębski, T., & Cirella, G. T. (2022). Young consumer perception towards family firms: Relationship building and gender. Entrepreneurial Business and Economics Review, 10(1), 161-174. https://doi.org/10.15678/eber.2022.100111
  • Boujena, O., Ulrich, I., Manthiou, A., & Godey, B. (2021). Customer engagement and performance in social media: A managerial perspective. Electronic Markets, 31(4), 965-987. https://doi.org/10.1007/s12525-020-00450-3
  • Bozkurt, S., Gligor, D.M. & Babin, B.J. (2021), "The role of perceived firm social media interactivity in facilitating customer engagement behaviors," European Journal of Marketing, Vol. 55 No. 4, pp. 995-1022. https://doi.org/10.1108/EJM-07-2019-0613
  • Brodie, R. J., Ilic, A., Juric, B., & Hollebeek, L. (2013). Consumer engagement in a virtual brand community: An exploratory analysis. Journal of Business Research, 66(1), 105-114. https://doi.org/10.1016/j.jbusres.2011.07.029
  • Chung, K. H., & Pruitt, S. W. (1994). A simple approximation of Tobin's q. Financial Management, 23(3), 70. https://doi.org/10.2307/3665623
  • Cohen, H. (2018, October 18). Fortune 500 social media research: How to make your business succeed. Heidi Cohen. https://heidicohen.com/fortune-500-social-media-research/
  • Coviello, N., Milley, R., & Marcolin, B. (2001). Understanding IT-enabled interactivity in contemporary marketing. Journal of Interactive Marketing, 15(4), 18-33. https://doi.org/10.1002/dir.1020
  • Das, T. K., & Teng, B. (2001). Trust, control, and risk in strategic alliances: An integrated framework. Organization Studies, 22(2), 251-283. https://doi.org/10.1177/0170840601222004
  • Davis, J. H., Schoorman, F. D., & Donaldson, L. (1997). Toward a stewardship theory of management. The Academy of Management Review, 22(1), 20-47. https://doi.org/10.2307/259223
  • Dessart, L. (2017). Social media engagement: A model of antecedents and relational outcomes. Journal of Marketing Management, 33(5-6), 375-399. https://doi.org/10.1080/0267257x.2017.1302975
  • Dessart, L., Veloutsou, C., & Morgan-Thomas, A. (2015). Consumer engagement in online brand communities: A social media perspective. Journal of Product & Brand Management, 24(1), 28-42. https://doi.org/10.1108/jpbm-06-2014-0635
  • Duan, W., Gu, B., & Whinston, A. (2008). The dynamics of online word-of-mouth and product sales—An empirical investigation of the movie industry. Journal of Retailing, 84(2), 233-242. https://doi.org/10.1016/j.jretai.2008.04.005
  • France, C., Merrilees, B., & Miller, D. (2016). An integrated model of customer-brand engagement: Drivers and consequences. Journal of Brand Management, 23(2), 119-136. https://doi.org/10.1057/bm.2016.4
  • Gligor, D., Bozkurt, S., & Russo, I. (2019). Achieving customer engagement with social media: A qualitative comparative analysis approach. Journal of Business Research, 101, 59-69. https://doi.org/10.1016/j.jbusres.2019.04.006
  • Gligor, D., & Bozkurt, S. (2021). The role of perceived social media agility in customer engagement. Journal of Research in Interactive Marketing, 15(1), 125-146. https://doi.org/10.1108/jrim-12-2019-0196
  • Gligor, D., Bozkurt, S., Welch, E., & Gligor, N. (2022). An exploration of the impact of gender on customer engagement. Journal of Marketing Communications, 1-24. https://doi.org/10.1080/13527266.2022.2030390
  • Gomez-Mejia, L. R., Nunez-Nickel, M., & Gutierrez, I. (2001). The role of family ties in agency contracts. Academy of Management Journal, 44(1), 81-95. https://doi.org/10.2307/3069338
  • Guzzo, R. A., & Abbott, S. (1990). Family firms as utopian organizations. Family Business Review, 3(1), 23-33. https://doi.org/10.1111/j.1741-6248.1990.00023.x
  • Harmeling, C. M., Moffett, J. W., Arnold, M. J., & Carlson, B. D. (2017). Toward a theory of customer engagement marketing. Journal of the Academy of Marketing Science, 45(3), 312-335. https://doi.org/10.1007/s11747-016-0509-2
  • Harris, D., Martinez, J. I., & Ward, J. L. (1994). Is strategy different for the family-owned business? Family Business Review, 7(2), 159-174. https://doi.org/10.1111/j.1741-6248.1994.00159.x
  • Hirschey, M. (1982). Intangible capital aspects of advertising and R & D expenditures. The Journal of Industrial Economics, 30(4), 375. https://doi.org/10.2307/2097924
  • Hollebeek, L. D., Glynn, M. S., & Brodie, R. J. (2014). Consumer brand engagement in social media: Conceptualization, scale development, and validation. Journal of Interactive Marketing, 28(2), 149-165. https://doi.org/10.1016/j.intmar.2013.12.002
  • Hoyer, W. D., Chandy, R., Dorotic, M., Krafft, M., & Singh, S. S. (2010). Consumer cocreation in new product development. Journal of Service Research, 13(3), 283-296. https://doi.org/10.1177/1094670510375604
  • James, H. S. (1999). Owner as manager, extended horizons, and the family firm. International Journal of the Economics of Business, 6(1), 41-55. https://doi.org/10.1080/13571519984304
  • Jayachandran, S., Sharma, S., Kaufman, P., & Raman, P. (2005). The role of relational information processes and technology use in customer relationship management. Journal of Marketing, 69(4), 177-192. https://doi.org/10.1509/jmkg.2005.69.4.177
  • Kashmiri, S., & Mahajan, V. (2010). What's in a name?: An analysis of the strategic behavior of family firms. International Journal of Research in Marketing, 27(3), 271-280. https://doi.org/10.1016/j.ijresmar.2010.04.001
  • Kashmiri, S., & Mahajan, V. (2014). Beating the recession blues: Exploring the link between family ownership, strategic marketing behavior and firm performance during recessions. International Journal of Research in Marketing, 31(1), 78-93. https://doi.org/10.1016/j.ijresmar.2013.08.003
  • Kumar, V., & Pansari, A. (2016). Competitive advantage through engagement. Journal of Marketing Research, 53(4), 497-514. https://doi.org/10.1509/jmr.15.0044
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  • Le Breton–Miller, I., & Miller, D. (2006). Why do some family businesses out-compete? Governance, long–term orientations, and sustainable capability. Entrepreneurship Theory and Practice, 30(6), 731-746. https://doi.org/10.1111/j.1540-6520.2006.00147.x
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  • Miller, D., & Breton-Miller, I. L. (2005). Managing for the long run: Lessons in competitive advantage from great family businesses. Harvard Business Press.
  • Miller, D., & Shamsie, J. (2001). Learning across the life cycle: Experimentation and performance among the Hollywood studio heads. Strategic Management Journal, 22(8), 725-745. https://doi.org/10.1002/smj.171
  • Milliken, F. J. (1987). Three types of perceived uncertainty about the environment: State, effect, and response uncertainty. Academy of Management Review, 12(1), 133-143. https://doi.org/10.5465/amr.1987.4306502
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AİLE MÜLKİYETİ VE FİRMA PERFORMANSI ARASINDAKİ İLİŞKİYE MÜŞTERİ KATILIMI NASIL VE NE ZAMAN TEMEL OLUŞTURUR: KAVRAMSAL BİR ÇERÇEVE

Year 2022, , 477 - 487, 29.10.2022
https://doi.org/10.35379/cusosbil.1102174

Abstract

Sosyal medyanın hızla yaygınlaşmasıyla birlikte müşterilerin ve firmaların birbirleriyle olan etkileşimi son on yılda hızla arttı. Bu etkileşimli iletişim, firmaların müşteri katılımını artırmalarına yardımcı oldu. Bu nedenle, sosyal medya odaklı müşteri katılımı ve firma performansı akademisyenlerin ilgisini çekmiştir. Ancak, mevcut çalışmalar büyük ölçüde müşterilere odaklanmaktadır ve firmalarla ilgili faktörler (öncüller) hakkında bilinenler çok kısıtlı kalmaktadır. Bu nedenle, bu çalışmada ilişkiler, firma ile ilgili özelliklere odaklanarak müşteri katılımını açıklamak için tasarlanmıştır. Bu çalışma, müşteri katılımına ilişkin kapsamlı bir kavramsal çerçeveyi, öncülleri (firmanın yönetişim özellikleri), sonuçları (firma performansı) ve moderatörleri (aile stratejik vurgusu ve sosyal medya kullanım yoğunluğu) kapsayacak bir biçimde geliştirmeyi amaçlamaktadır. Yeni ilişkileri açıklayabilmek için beş teorik önerme tasarlanmıştır. Önerilen yeni kavramsal model, müşteri bağlılığı literatürünü genişletmektedir. Ayrıca aile şirketleri, iletişim stratejilerinde kendi özelliklerini vurgulayarak rakiplerine karşı rekabet avantajı da elde edebilirler.

References

  • Ahn, J., Back, K., & Barišić, P. (2019). The effect of dynamic integrated resort experience on Croatian customer behavior. Journal of Travel & Tourism Marketing, 36(3), 358-370. https://doi.org/10.1080/10548408.2018.1557097
  • Ailawadi, K. L., Lehmann, D. R., & Neslin, S. A. (2003). Revenue premium as an outcome measure of brand equity. Journal of Marketing, 67(4), 1-17. https://doi.org/10.1509/jmkg.67.4.1.18688
  • Algharabat, R., Rana, N. P., Alalwan, A. A., Baabdullah, A., & Gupta, A. (2020). Investigating the antecedents of customer brand engagement and consumer-based brand equity in social media. Journal of Retailing and Consumer Services, 53, 101767. https://doi.org/10.1016/j.jretconser.2019.01.016
  • Ali, A., Chen, T., & Radhakrishnan, S. (2007). Corporate disclosures by family firms. Journal of Accounting and Economics, 44(1-2), 238-286. https://doi.org/10.1016/j.jacceco.2007.01.006
  • Arregle, J., Hitt, M. A., Sirmon, D. G., & Very, P. (2007). The development of organizational social capital: Attributes of family firms. Journal of Management Studies, 44(1), 73-95. https://doi.org/10.1111/j.1467-6486.2007.00665.x
  • Bednarz, J., Bartosik-Purgat, M., Jastrzębski, T., & Cirella, G. T. (2022). Young consumer perception towards family firms: Relationship building and gender. Entrepreneurial Business and Economics Review, 10(1), 161-174. https://doi.org/10.15678/eber.2022.100111
  • Boujena, O., Ulrich, I., Manthiou, A., & Godey, B. (2021). Customer engagement and performance in social media: A managerial perspective. Electronic Markets, 31(4), 965-987. https://doi.org/10.1007/s12525-020-00450-3
  • Bozkurt, S., Gligor, D.M. & Babin, B.J. (2021), "The role of perceived firm social media interactivity in facilitating customer engagement behaviors," European Journal of Marketing, Vol. 55 No. 4, pp. 995-1022. https://doi.org/10.1108/EJM-07-2019-0613
  • Brodie, R. J., Ilic, A., Juric, B., & Hollebeek, L. (2013). Consumer engagement in a virtual brand community: An exploratory analysis. Journal of Business Research, 66(1), 105-114. https://doi.org/10.1016/j.jbusres.2011.07.029
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  • Coviello, N., Milley, R., & Marcolin, B. (2001). Understanding IT-enabled interactivity in contemporary marketing. Journal of Interactive Marketing, 15(4), 18-33. https://doi.org/10.1002/dir.1020
  • Das, T. K., & Teng, B. (2001). Trust, control, and risk in strategic alliances: An integrated framework. Organization Studies, 22(2), 251-283. https://doi.org/10.1177/0170840601222004
  • Davis, J. H., Schoorman, F. D., & Donaldson, L. (1997). Toward a stewardship theory of management. The Academy of Management Review, 22(1), 20-47. https://doi.org/10.2307/259223
  • Dessart, L. (2017). Social media engagement: A model of antecedents and relational outcomes. Journal of Marketing Management, 33(5-6), 375-399. https://doi.org/10.1080/0267257x.2017.1302975
  • Dessart, L., Veloutsou, C., & Morgan-Thomas, A. (2015). Consumer engagement in online brand communities: A social media perspective. Journal of Product & Brand Management, 24(1), 28-42. https://doi.org/10.1108/jpbm-06-2014-0635
  • Duan, W., Gu, B., & Whinston, A. (2008). The dynamics of online word-of-mouth and product sales—An empirical investigation of the movie industry. Journal of Retailing, 84(2), 233-242. https://doi.org/10.1016/j.jretai.2008.04.005
  • France, C., Merrilees, B., & Miller, D. (2016). An integrated model of customer-brand engagement: Drivers and consequences. Journal of Brand Management, 23(2), 119-136. https://doi.org/10.1057/bm.2016.4
  • Gligor, D., Bozkurt, S., & Russo, I. (2019). Achieving customer engagement with social media: A qualitative comparative analysis approach. Journal of Business Research, 101, 59-69. https://doi.org/10.1016/j.jbusres.2019.04.006
  • Gligor, D., & Bozkurt, S. (2021). The role of perceived social media agility in customer engagement. Journal of Research in Interactive Marketing, 15(1), 125-146. https://doi.org/10.1108/jrim-12-2019-0196
  • Gligor, D., Bozkurt, S., Welch, E., & Gligor, N. (2022). An exploration of the impact of gender on customer engagement. Journal of Marketing Communications, 1-24. https://doi.org/10.1080/13527266.2022.2030390
  • Gomez-Mejia, L. R., Nunez-Nickel, M., & Gutierrez, I. (2001). The role of family ties in agency contracts. Academy of Management Journal, 44(1), 81-95. https://doi.org/10.2307/3069338
  • Guzzo, R. A., & Abbott, S. (1990). Family firms as utopian organizations. Family Business Review, 3(1), 23-33. https://doi.org/10.1111/j.1741-6248.1990.00023.x
  • Harmeling, C. M., Moffett, J. W., Arnold, M. J., & Carlson, B. D. (2017). Toward a theory of customer engagement marketing. Journal of the Academy of Marketing Science, 45(3), 312-335. https://doi.org/10.1007/s11747-016-0509-2
  • Harris, D., Martinez, J. I., & Ward, J. L. (1994). Is strategy different for the family-owned business? Family Business Review, 7(2), 159-174. https://doi.org/10.1111/j.1741-6248.1994.00159.x
  • Hirschey, M. (1982). Intangible capital aspects of advertising and R & D expenditures. The Journal of Industrial Economics, 30(4), 375. https://doi.org/10.2307/2097924
  • Hollebeek, L. D., Glynn, M. S., & Brodie, R. J. (2014). Consumer brand engagement in social media: Conceptualization, scale development, and validation. Journal of Interactive Marketing, 28(2), 149-165. https://doi.org/10.1016/j.intmar.2013.12.002
  • Hoyer, W. D., Chandy, R., Dorotic, M., Krafft, M., & Singh, S. S. (2010). Consumer cocreation in new product development. Journal of Service Research, 13(3), 283-296. https://doi.org/10.1177/1094670510375604
  • James, H. S. (1999). Owner as manager, extended horizons, and the family firm. International Journal of the Economics of Business, 6(1), 41-55. https://doi.org/10.1080/13571519984304
  • Jayachandran, S., Sharma, S., Kaufman, P., & Raman, P. (2005). The role of relational information processes and technology use in customer relationship management. Journal of Marketing, 69(4), 177-192. https://doi.org/10.1509/jmkg.2005.69.4.177
  • Kashmiri, S., & Mahajan, V. (2010). What's in a name?: An analysis of the strategic behavior of family firms. International Journal of Research in Marketing, 27(3), 271-280. https://doi.org/10.1016/j.ijresmar.2010.04.001
  • Kashmiri, S., & Mahajan, V. (2014). Beating the recession blues: Exploring the link between family ownership, strategic marketing behavior and firm performance during recessions. International Journal of Research in Marketing, 31(1), 78-93. https://doi.org/10.1016/j.ijresmar.2013.08.003
  • Kumar, V., & Pansari, A. (2016). Competitive advantage through engagement. Journal of Marketing Research, 53(4), 497-514. https://doi.org/10.1509/jmr.15.0044
  • Lansberg, I. S. (1983). Managing human resources in family firms: The problem of institutional overlap. Organizational Dynamics, 12(1), 39-46. https://doi.org/10.1016/0090-2616(83)90025-6
  • Lansberg, I. (1999). Succeeding generations: Realizing the dream of families in business. Harvard Business Press.
  • Le Breton–Miller, I., & Miller, D. (2006). Why do some family businesses out-compete? Governance, long–term orientations, and sustainable capability. Entrepreneurship Theory and Practice, 30(6), 731-746. https://doi.org/10.1111/j.1540-6520.2006.00147.x
  • Mackie, R. (2001). Family ownership and business survival: Kirkcaldy, 1870-1970. Business History, 43(3), 1-32. https://doi.org/10.1080/713999227
  • Miller, D., & Breton-Miller, I. L. (2005). Managing for the long run: Lessons in competitive advantage from great family businesses. Harvard Business Press.
  • Miller, D., & Shamsie, J. (2001). Learning across the life cycle: Experimentation and performance among the Hollywood studio heads. Strategic Management Journal, 22(8), 725-745. https://doi.org/10.1002/smj.171
  • Milliken, F. J. (1987). Three types of perceived uncertainty about the environment: State, effect, and response uncertainty. Academy of Management Review, 12(1), 133-143. https://doi.org/10.5465/amr.1987.4306502
  • Mizik, N., & Jacobson, R. (2003). Trading off between value creation and value appropriation: The financial implications of shifts in strategic emphasis. Journal of Marketing, 67(1), 63-76. https://doi.org/10.1509/jmkg.67.1.63.18595
  • Molinillo, S., Anaya-Sánchez, R., & Liébana-Cabanillas, F. (2020). Analyzing the effect of social support and community factors on customer engagement and its impact on loyalty behaviors toward social commerce websites. Computers in Human Behavior, 108, 105980. https://doi.org/10.1016/j.chb.2019.04.004
  • Moriuchi, E. (2019). Okay, Google!: An empirical study on voice assistants on consumer engagement and loyalty. Psychology & Marketing, 36(5), 489-501. https://doi.org/10.1002/mar.21192
  • Naumann, K., Bowden, J., & Gabbott, M. (2020). Expanding customer engagement: The role of negative engagement, dual valences and contexts. European Journal of Marketing, 54(7), 1469-1499. https://doi.org/10.1108/ejm-07-2017-0464
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There are 59 citations in total.

Details

Primary Language English
Journal Section Articles
Authors

Sıddık Bozkurt 0000-0002-3985-5925

Serap Sarp 0000-0002-2560-4105

David Glıgor 0000-0003-0819-4754

Publication Date October 29, 2022
Submission Date April 12, 2022
Published in Issue Year 2022

Cite

APA Bozkurt, S., Sarp, S., & Glıgor, D. (2022). HOW AND WHEN CUSTOMER ENGAGEMENT UNDERLIES THE LINK BETWEEN FAMILY OWNERSHIP AND FIRM PERFORMANCE: A CONCEPTUAL FRAMEWORK. Çukurova Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, 31(2), 477-487. https://doi.org/10.35379/cusosbil.1102174