Marketing Silence in Zombie Firms: A Conceptual Model Proposal on Perceptual Disengagement and Loyalty Erosion
Year 2025,
Volume: 6 Issue: 2, 139 - 163, 24.09.2025
Arzan Dilek Bozkurt
Abstract
This study introduces the Marketing Silence Cycle as a conceptual model that explains how the withdrawal of marketing functions in zombie firms leads to perceptual disengagement and, ultimately, erosion of loyalty. The model consists of five interconnected stages: the onset of zombie status, strategic withdrawal from marketing, the dissolution of brand–consumer touchpoints, perceptual disengagement, and the erosion of loyalty. Unlike most studies that define zombie firms only through financial indicators, this article examines the phenomenon from a marketing perspective, showing how reduced communication and visibility accelerate symbolic brand disappearance. In addition to the theoretical discussion, the study also draws on examples from Turkey, highlighting how the persistence of zombie firms reflects broader structural challenges. The paper ultimately proposes an early-warning framework for managers and policymakers, underlining the importance of maintaining brand communication and customer engagement even during times of financial distress.
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Zombi Şirketlerde Pazarlama Sessizliği: Algısal Kopuş ve Sadakat Erozyonuna Dair Kavramsal Bir Model Önerisi
Year 2025,
Volume: 6 Issue: 2, 139 - 163, 24.09.2025
Arzan Dilek Bozkurt
Abstract
Bu çalışma, zombi şirketlerde pazarlama işlevlerinin geri çekilmesiyle ortaya çıkan algısal kopuş sürecini açıklamak amacıyla “Pazarlama Sessizliği Döngüsü” adı verilen kavramsal bir model önermektedir. Model, zombi statüsüne geçiş, pazarlamanın stratejik olarak geri çekilmesi, temas noktalarının çözülmesi, algısal kopuş ve sadakat erozyonu olmak üzere beş aşamadan oluşmaktadır. Çoğu araştırma zombi şirketleri yalnızca finansal göstergeler üzerinden tanımlarken, bu makale pazarlama perspektifinden yaklaşarak iletişim eksikliğinin ve görünürlük kaybının marka değerini ve müşteri bağlılığını nasıl aşındırdığını ortaya koymaktadır. Kuramsal tartışmanın yanı sıra, çalışmada Türkiye’den örneklere de yer verilmiş ve zombi şirketlerin kalıcılığının yapısal sorunlarla nasıl ilişkili olduğu gösterilmiştir. Sonuç olarak makale, yöneticiler ve politika yapıcılar için erken uyarı niteliğinde bir çerçeve sunmakta, kriz koşullarında dahi marka iletişimi ve müşteri etkileşiminin sürdürülmesinin önemini vurgulamaktadır.
Ethical Statement
Bu çalışma herhangi bir deneysel uygulama, anket, gözlem ya da insan/katılımcıdan veri toplama gibi etik kurul onayı gerektiren bir süreç içermemektedir. Bu nedenle etik kurul iznine ihtiyaç duyulmamıştır.
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-
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-
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-
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-
Bacile, T. J., Ye, C., & Swilley, E. (2014). From firm-controlled to consumer-contributed: Consumer co-production of personal media marketing communication. Journal of Interactive Marketing, 28(2), 117–133. https://doi.org/10.1016/j.intmar.2013.12.001
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-
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-
Berger, P. G., & Liu, Y. (2025). Beyond the twilight zone: The restructuring and resurrection of zombie firms. SSRN. https://doi.org/10.2139/ssrn.5086421
-
Bourdieu, P. (1986). The forms of capital. In J. Richardson (Ed.), Handbook of theory and research for the sociology of education (pp. 241–258). Greenwood Press.
-
Bu, J., Du, J., & Pi, J. (2023). Do zombie firms affect healthy firms’ exporting? Evidence from China. Economics of Transition and Institutional Change, 31(4), 1023–1052. https://doi.org/10.1111/ecot.12395
-
Caballero, R. J., Hoshi, T., & Kashyap, A. K. (2008). Zombie lending and depressed restructuring in Japan. American Economic Review, 98(5), 1943–1977. https://doi.org/10.1257/aer.98.5.1943
-
Carreira, C., Teixeira, P., & Nieto-Carrillo, E. (2022). Recovery and exit of zombie firms in Portugal. Small Business Economics, 59(2), 491–519. https://doi.org/10.1007/s11187-021-00559-1
-
Chaffey, D., & Ellis-Chadwick, F. (2019). Digital marketing. Harlow, UK: Pearson Education. ISBN: 9781292241579
-
Chaudhuri, A., & Holbrook, M. B. (2001). The chain of effects from brand trust and brand affect to brand performance: The role of brand loyalty. Journal of Marketing, 65(2), 81–93. https://business.columbia.edu/sites/default/files-efs/pubfiles/593/The_Chain_of_Effects.pdf
-
Chopra, S., & Meindl, P. (2021). Tedarik zinciri yönetimi: Strateji, planlama ve operasyon (E. Bulut, Ed.; B. Aracıoğlu & E. Sürücü, Çev.). Ankara, Turkey: Nobel Akademik Yayıncılık. ISBN: 9786053206743
-
Christensen, C. M. (1997). The innovator’s dilemma: When new technologies cause great firms to fail. Boston, MA: Harvard Business School Press. ISBN: 9780875845852
-
Creswell, J. W. (2013). Research design: Qualitative, quantitative, and mixed methods approaches (4th ed.). Thousand Oaks, CA: SAGE Publications. ISBN: 9781412965576
-
Day, G. S. (1994). The capabilities of market-driven organizations. Journal of Marketing, 58(4), 37–52. https://doi.org/10.1177/002224299405800404
-
Dincer, N. N., Pektekin, P., & Tekin-Koru, A. (2023). Long shadows of the walking dead on economic activity. Central Bank Review, 23(4), 100140. https://doi.org/10.1016/j.cbrev.2023.100140
-
Eurostat. (n.d.). Business demography statistics. Luxembourg: Publications Office of the European Union. https://ec.europa.eu/eurostat/statistics-explained/index.php/Business_demography_statistics
-
Fornell, C., Morgeson, F. V., & Hult, G. T. M. (2020). Stock returns on customer satisfaction do beat the market: Gauging the effect of a marketing intangible. Journal of Marketing, 84(5), 21–44. https://doi.org/10.1509/jm.15.02
-
Fournier, S. (1998). Consumers and their brands: Developing relationship theory in consumer research. Journal of Consumer Research, 24(4), 343–373. https://doi.org/10.1086/209515
-
Fu, X., & Gong, Y. (2011). Indigenous and foreign innovation efforts and drivers of technological upgrading: Evidence from China. World Development, 39(7), 1213–1225. https://doi.org/10.1016/j.worlddev.2010.05.010
-
Ghorbani, M., Makarem, N., MohammadRezaei, M., & Rezaee, R. (2025). Earnings management and the survival of zombie firms. Emerging Markets Review, 54, 100902. https://doi.org/10.2139/ssrn.5089953
-
Güncel Grup. (2024, September 16). Zombi şirket sayısı bakımından dünya birincisiyiz!!! – Güncel Group. Güncel Group – Vergi, Denetim, Danışmanlık. https://guncelgroup.com.tr/zombi-sirket-sayisi-bakimindan-dunya-birincisiyiz/
-
Hannan, M. T., & Freeman, J. (1984). Structural inertia and organizational change. American Sociological Review, 49(2), 149–164. https://doi.org/10.2307/2095567
-
Homburg, C., Klarmann, M., & Schmitt, J. (2008). Brand awareness in business markets: When is it related to firm performance? International Journal of Research in Marketing, 25(3), 201–218. https://doi.org/10.1016/j.ijresmar.2008.03.003
-
International Monetary Fund. (2023). Global financial stability report: October 2023. Washington, DC: IMF. https://www.imf.org/en/Publications/GFSR/Issues/2023/10/10/global-financial-stability-report-october-2023
-
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