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Müşteriyle Birlikte Değer Oluşturmada; Sosyal Önem ve Marka İmajının Daha Fazla Ödeme Eğilimi Üzerindeki Etkileri

Year 2024, Volume: 19 Issue: 2, 434 - 453, 01.08.2024
https://doi.org/10.17153/oguiibf.1374749

Abstract

Birlikte değer yaratma literatürüne dayanan bu araştırma, marka ve tüketiciye olan yansımaları incelemektedir. Bu doğrultuda çalışma, marka imajı ve daha fazla ödeme eğilimi arasındaki dinamikleri, bunların birlikte değer yaratmadan ve sosyal etkiden nasıl etkilendiklerini ve daha fazla ödeme eğilimindeki birleşik etkileri bütünsel olarak ortaya koyarak özellikle birlikte değer yaratmanın etkilerinin anlaşılmasına katkıda bulunmayı amaçlamaktadır. Bu amaç doğrultusunda, kolayda örnekleme yöntemiyle toplanan 430 katılımcıdan elde edilen veri analize dâhil edilmiştir. Bulguların analizinde SmartPLS (v.3.2.9) yazılımı kullanılarak Yapısal Eşitlik Modellemesi (YEM) uygulanmıştır. Sonuçlara göre, müşteriyle birlikte değer oluşturma ve sosyal önemin daha fazla ödeme eğilimini istatistiksel olarak anlamlı bir şekilde etkilediği ortaya koyulmuştur. İlaveten, marka imajının, müşteriyle birlikte değer oluşturmanın daha fazla ödeme eğilimine ve sosyal önemin daha fazla ödeme eğilimine olan etkisinde aracılık ettiği tespit edilmiştir.

References

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  • Anselmsson, J.; Vestman Bondesson, N.; Johansson, U. (2014), “Brand image and customers' willingness to pay a price premium for food brands” Journal of Product & Brand Management, 23(2), 90-102.
  • Baker, D. A.; Crompton, J. L. (2000), “Quality, satisfaction and behavioral intentions”, Annals of Tourism Research, 27(3), 785-804.
  • Brislin, R. W. (1970), “Back-translation for cross-cultural research”, Journal of cross-Cultural Psychology, 1(3), 185-216.
  • Buil, I.; Martínez, E.; De Chernatony, L. (2013), “The influence of brand equity on consumer responses” Journal of Consumer Marketing, 30(1), 62-74.
  • Carvalho, P.; Alves, H. (2023), “Customer value co-creation in the hospitality and tourism industry: a systematic literature review”, International Journal of Contemporary Hospitality Management, 35(1), 250-273.
  • Chen, L.; Halepoto, H.; Liu, C.; Yan, X.; Qiu, L. (2022), “Research on influencing mechanism of fashion brand image value creation based on consumer value co-creation and experiential value perception theory”, Sustainability, 14(13), 1-21.
  • Christodoulides, G.; Jevons, C.; Bonhomme, J. (2012), “Memo to Marketers: Quantitative Evidence for Change”, Journal of Advertising Research, 52(1), 53–64.
  • Cossío-Silva, F. J.; Revilla-Camacho, M. Á.; Vega-Vázquez, M.; Palacios-Florencio, B. (2016), “Value co-creation and customer loyalty”, Journal of Business Research, 69(5), 1621-1625.
  • Dedeoğlu, A. Ö. (2015), “Değişen pazaryerinde tüketici ve tüketimin rolüne ilişkin yeni yaklaşımlar: ortak-üretim (co-productıon) ve ortak-yaratma (co-creation)”, Ege Stratejik Araştırmalar Dergisi, 6(2), 17-29.
  • Ekşi, F.; Okan, N.; Yılmaztürk, M.; Ekşi, H. (2021), “Sosyal Etki Ölçeği’nin Geliştirilmesi ve Psikometrik Yönden İncelenmesi”, İstanbul University Journal of Sociology, 41(1), 153-173.
  • Esch, F. R.; Langner, T.; Schmitt, B. H.; Geus, P. (2006), “Are brands forever? How brand knowledge and relationships affect current and future purchases”, Journal of Product & Brand Management, 15(2), 98-105.
  • Foroudi, P.; Yu, Q.; Gupta, S.; Foroudi, M. M. (2019), “Enhancing university brand image and reputation through customer value co-creation behaviour”, Technological Forecasting and Social Change, 138, 218-227.
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  • Gligor, D. M.; Maloni, M. J. (2022), “More is not always better: The impact of value co‐creation fit on B2B and B2C customer satisfaction”, Journal of Business Logistics, 43(2), 209-237.
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  • Ibrahim, N. F.; Wang, X.; Bourne, H. (2017), “Exploring the effect of user engagement in online brand communities: Evidence from Twitter”, Computers in Human Behavior, 72, 321-338.
  • Iglesias, O.; Markovic, S.; Bagherzadeh, M.; Singh, J. J. (2020), “Co-creation: A key link between corporate social responsibility, customer trust, and customer loyalty”, Journal of Business Ethics, 163, 151-166.
  • Kaufmann, H. R.; Loureiro, S. M. C.; Manarioti, A. (2016), “Exploring behavioural branding, brand love and brand co-creation”, Journal of Product & Brand Management, 25(6), 516-526.
  • Keller, K. L. (1993), “Conceptualizing, measuring, and managing customer-based brand equity”, Journal of Marketing, 57(1), 1-23.
  • Kelman, H. C. (1958), “Compliance, identification, and internalization three processes of attitude change”, Journal of Conflict Resolution, 2(1), 51-60.
  • Kennedy, E.; Guzmán, F. (2016), “Co-creation of brand identities: consumer and industry influence and motivations”, Journal of Consumer Marketing, 33(5), 313-323.
  • Kennedy, E.; Guzmán, F.; Ind, N. (2022), “Motivating gender toward co-creation: a study on hedonic activities, social importance, and personal values”, Journal of Brand Management, 29, 127-140.
  • Kim, R. B.; Chao, Y. (2019), “Effects of brand experience, brand image and brand trust on brand building process: The case of Chinese millennial generation consumers”, Journal of International Studies, 12(3), 9-21.
  • Kristal, S.; Baumgarth, C.; Behnke, C.; Henseler, J. (2016), “Is co-creation really a booster for brand equity? The role of co-creation in observer-based brand equity (OBBE)”, Journal of Product & Brand Management, 25(3), 247-261.
  • Le, M. T. (2021), “The impact of brand love on brand loyalty: the moderating role of self-esteem, and social influences”, Spanish Journal of Marketing-ESIC, 25(1), 156-180.
  • Liao, J.; Pang, J.; Dong, X. (2023), “More gain, more give? The impact of brand community value on users’ value co-creation”, Journal of Retailing and Consumer Services, 74, 103389.
  • Low, G. S.; Lamb Jr, C. W. (2000), “The measurement and dimensionality of brand associations”, Journal of Product & Brand Management, 9(6), 350-370.
  • Mahr, D.; Lievens, A.; Blazevic, V. (2014), “The value of customer cocreated knowledge during the innovation process”, Journal of Product Innovation Management, 31(3), 599-615.
  • Merz, M. A.; Zarantonello, L.; Grappi, S. (2018), “How valuable are your customers in the brand value co-creation process? The development of a Customer Co-Creation Value (CCCV) scale”, Journal of Business Research, 82, 79-89.
  • Nysveen, H.; Pedersen, P. E. (2014), “Influences of co-creation on brand experience”, International Journal of Market Research, 56(6), 807-832.
  • Omar, N. A.; Kassim, A. S.; Shah, N. U.; Shah Alam, S.; Che Wel, C. A. (2020), “The influence of customer value co-creation behavior on SME brand equity: An empirical analysis”, Iranian Journal of Management Studies, 13(2), 165-196.
  • Park, H.; Kim, Y. K. (2014), “The role of social network websites in the consumer–brand relationship”, Journal of Retailing and Consumer Services, 21(4), 460-467.
  • Payne, A. F.; Storbacka, K.; Frow, P. (2008), “Managing the co-creation of value”, Journal of the Academy of Marketing Science, 36, 83-96.
  • Persson, N. (2010), “An exploratory investigation of the elements of B2B brand image and its relationship to price premium”, Industrial Marketing Management, 39(8), 1269-1277.
  • Polat, İ. (2021), “Ortak değer yaratmanın yolcu sadakati ve algılanan hizmet yeniliği üzerine etkisi”, 25. Pazarlama Kongresi.
  • Polat, İ.; Sesliokuyucu, O. (2019), “Havayolu hizmet sisteminde ortak değer yaratmanın tekrar satın alma niyetine etkisi”, İşletme Araştırmaları Dergisi, 11(4), 3073-3085.
  • Pongsakornrungsilp, S.; Schroeder, J. E. (2011), “Understanding value co-creation in a co-consuming brand community”, Marketing Theory, 11(3), 303-324.
  • Prahalad, C. K.; Ramaswamy, V. (2004), “Co-creation experiences: The next practice in value creation”, Journal of Interactive Marketing, 18(3), 5-14.
  • Ramaswamy, V. (2008), “Co‐creating value through customers’ experiences: the Nike case”, Strategy & Leadership, 36(5), 9-14.
  • Ramaswamy, V.; Ozcan, K. (2014), “The co-creation paradigm”, Stanford University Press.
  • Ramayah, T.; Cheah, J.; Chuah, F.; Ting, H.; Memon, M. A. (2018), “Partial least squares structural equation modeling (PLS-SEM) using SmartPLS 3.0: An updated guide and practical guide to statistical analysis”, (2nd ed.), Kuala Lumpur, Malaysia: Pearson.
  • Randall, W. S.; Gravier, M. J.; Prybutok, V. R. (2011), “Connection, trust, and commitment: dimensions of co-creation?”, Journal of Strategic Marketing, 19(01), 3-24.
  • Roberts, D.; Hughes, M.; Kertbo, K. (2014), “Exploring consumers' motivations to engage in innovation through co-creation activities”. European Journal of Marketing, 48(1/2), 147-169.
  • Saarijärvi, H. (2012), “The mechanisms of value co-creation”, Journal of Strategic Marketing, 20(5), 381-391.
  • Saha, V.; Mani, V.; Goyal, P. (2020), “Emerging trends in the literature of value co-creation: a bibliometric analysis”, Benchmarking: An International Journal, 27(3), 981-1002.
  • Saxena, S.; Mishra, S. C.; Mukerji, B. (2023), “A multi-method bibliometric review of value co-creation research”, Management Research Review.
  • Syah, T. Y. R.; Olivia, D. (2022), “Enhancing Patronage Intention on Online Fashion Industry in Indonesia: The Role of Value Co-Creation, Brand Image, and E-Service Quality”, Cogent Business & Management, 9(1), 1-32.
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Effects of Social Importance and Brand Image on Willingness to Pay More in Value Co-Creation with Customers

Year 2024, Volume: 19 Issue: 2, 434 - 453, 01.08.2024
https://doi.org/10.17153/oguiibf.1374749

Abstract

This research, based on the co-creation value literature, examines the implications for both the brand and the consumer. In this regard, the study aims to contribute to the understanding of the effects of co-creation value, by specifically exploring the dynamics between brand image and greater willingness to pay, how they are influenced by co-creation and social influence, and their combined effects on willingness to pay more. In line with this objective, the data obtained from 430 participants collected through convenience sampling method was included in the analysis. Structural Equation Modeling (SEM) was applied using SmartPLS (v.3.2.9) software for the analysis of the findings. According to the results, it was revealed that co-creation value with customers and social importance significantly and statistically influenced willingness to pay more. Additionally, it was found that brand image mediated the effects of co-creation value with customers and social importance on willingness to pay more.

References

  • Agrawal, A. K.; Rahman, Z. (2015), “Roles and resource contributions of customers in value co-creation”, International Strategic Management Review, 3(1-2), 144-160.
  • Alves, H.; Fernandes, C.; Raposo, M. (2016), “Value co-creation: Concept and contexts of application and study” Journal of Business Research, 69(5), 1626-1633.
  • Anselmsson, J.; Vestman Bondesson, N.; Johansson, U. (2014), “Brand image and customers' willingness to pay a price premium for food brands” Journal of Product & Brand Management, 23(2), 90-102.
  • Baker, D. A.; Crompton, J. L. (2000), “Quality, satisfaction and behavioral intentions”, Annals of Tourism Research, 27(3), 785-804.
  • Brislin, R. W. (1970), “Back-translation for cross-cultural research”, Journal of cross-Cultural Psychology, 1(3), 185-216.
  • Buil, I.; Martínez, E.; De Chernatony, L. (2013), “The influence of brand equity on consumer responses” Journal of Consumer Marketing, 30(1), 62-74.
  • Carvalho, P.; Alves, H. (2023), “Customer value co-creation in the hospitality and tourism industry: a systematic literature review”, International Journal of Contemporary Hospitality Management, 35(1), 250-273.
  • Chen, L.; Halepoto, H.; Liu, C.; Yan, X.; Qiu, L. (2022), “Research on influencing mechanism of fashion brand image value creation based on consumer value co-creation and experiential value perception theory”, Sustainability, 14(13), 1-21.
  • Christodoulides, G.; Jevons, C.; Bonhomme, J. (2012), “Memo to Marketers: Quantitative Evidence for Change”, Journal of Advertising Research, 52(1), 53–64.
  • Cossío-Silva, F. J.; Revilla-Camacho, M. Á.; Vega-Vázquez, M.; Palacios-Florencio, B. (2016), “Value co-creation and customer loyalty”, Journal of Business Research, 69(5), 1621-1625.
  • Dedeoğlu, A. Ö. (2015), “Değişen pazaryerinde tüketici ve tüketimin rolüne ilişkin yeni yaklaşımlar: ortak-üretim (co-productıon) ve ortak-yaratma (co-creation)”, Ege Stratejik Araştırmalar Dergisi, 6(2), 17-29.
  • Ekşi, F.; Okan, N.; Yılmaztürk, M.; Ekşi, H. (2021), “Sosyal Etki Ölçeği’nin Geliştirilmesi ve Psikometrik Yönden İncelenmesi”, İstanbul University Journal of Sociology, 41(1), 153-173.
  • Esch, F. R.; Langner, T.; Schmitt, B. H.; Geus, P. (2006), “Are brands forever? How brand knowledge and relationships affect current and future purchases”, Journal of Product & Brand Management, 15(2), 98-105.
  • Foroudi, P.; Yu, Q.; Gupta, S.; Foroudi, M. M. (2019), “Enhancing university brand image and reputation through customer value co-creation behaviour”, Technological Forecasting and Social Change, 138, 218-227.
  • Galvagno, M.; Dalli, D. (2014), “Theory of value co-creation: a systematic literature review”, Managing Service Quality, 24(6), 643-683.
  • Gligor, D. M.; Maloni, M. J. (2022), “More is not always better: The impact of value co‐creation fit on B2B and B2C customer satisfaction”, Journal of Business Logistics, 43(2), 209-237.
  • González-Mansilla, Ó.; Berenguer-Contrí, G.; Serra-Cantallops, A. (2019), “The impact of value co-creation on hotel brand equity and customer satisfaction”, Tourism Management, 75, 51-65.
  • Guenther, P.; Guenther, M.; Ringle, C. M.; Zaefarian, G.; Cartwright, S. (2023), “Improving PLS-SEM use for business marketing research”, Industrial Marketing Management, 111, 127-142.
  • Hair Jr, J. F.; Matthews, L. M.; Matthews, R. L.; Sarstedt, M. (2017), “PLS-SEM or CB-SEM: updated guidelines on which method to use”, International Journal of Multivariate Data Analysis, 1(2), 107-123.
  • Hair, J. F.; Ringle, C. M.; Sarstedt, M. (2011), “PLS-SEM: Indeed a silver bullet”, Journal of Marketing Theory and Practice, 19(2), 139-152.
  • Hatch, M. J.; Schultz, M. (2010), “Toward a theory of brand co-creation with implications for brand governance”, Journal of Brand Management, 17, 590-604.
  • Henseler, J.; Ringle, C. M.; Sarstedt, M. (2015), “A new criterion for assessing discriminant validity in variance-based structural equation modeling”, Journal of the Academy of Marketing Science, 43, 115-135.
  • Hibban, I. A.; Wahyudi, H. D. (2022), “The Influence of Brand Image on Willingness To Pay Premium Price Through Brand Love”, Adpebi Science Series-AICMEST.1-10.
  • Hung, W. H.; Tseng, C. L.; Ho, C. F.; Wu, C. C. (2020), “How social impact affects smartphone brand loyalty”, Journal of Computer Information Systems, 60(5), 448-458.
  • Hussain, A.; Ting, D. H.; Mazhar, M. (2022), “Driving consumer value co-creation and purchase intention by social media advertising value”, Frontiers in Psychology, 13, 1-11.
  • Ibrahim, N. F.; Wang, X.; Bourne, H. (2017), “Exploring the effect of user engagement in online brand communities: Evidence from Twitter”, Computers in Human Behavior, 72, 321-338.
  • Iglesias, O.; Markovic, S.; Bagherzadeh, M.; Singh, J. J. (2020), “Co-creation: A key link between corporate social responsibility, customer trust, and customer loyalty”, Journal of Business Ethics, 163, 151-166.
  • Kaufmann, H. R.; Loureiro, S. M. C.; Manarioti, A. (2016), “Exploring behavioural branding, brand love and brand co-creation”, Journal of Product & Brand Management, 25(6), 516-526.
  • Keller, K. L. (1993), “Conceptualizing, measuring, and managing customer-based brand equity”, Journal of Marketing, 57(1), 1-23.
  • Kelman, H. C. (1958), “Compliance, identification, and internalization three processes of attitude change”, Journal of Conflict Resolution, 2(1), 51-60.
  • Kennedy, E.; Guzmán, F. (2016), “Co-creation of brand identities: consumer and industry influence and motivations”, Journal of Consumer Marketing, 33(5), 313-323.
  • Kennedy, E.; Guzmán, F.; Ind, N. (2022), “Motivating gender toward co-creation: a study on hedonic activities, social importance, and personal values”, Journal of Brand Management, 29, 127-140.
  • Kim, R. B.; Chao, Y. (2019), “Effects of brand experience, brand image and brand trust on brand building process: The case of Chinese millennial generation consumers”, Journal of International Studies, 12(3), 9-21.
  • Kristal, S.; Baumgarth, C.; Behnke, C.; Henseler, J. (2016), “Is co-creation really a booster for brand equity? The role of co-creation in observer-based brand equity (OBBE)”, Journal of Product & Brand Management, 25(3), 247-261.
  • Le, M. T. (2021), “The impact of brand love on brand loyalty: the moderating role of self-esteem, and social influences”, Spanish Journal of Marketing-ESIC, 25(1), 156-180.
  • Liao, J.; Pang, J.; Dong, X. (2023), “More gain, more give? The impact of brand community value on users’ value co-creation”, Journal of Retailing and Consumer Services, 74, 103389.
  • Low, G. S.; Lamb Jr, C. W. (2000), “The measurement and dimensionality of brand associations”, Journal of Product & Brand Management, 9(6), 350-370.
  • Mahr, D.; Lievens, A.; Blazevic, V. (2014), “The value of customer cocreated knowledge during the innovation process”, Journal of Product Innovation Management, 31(3), 599-615.
  • Merz, M. A.; Zarantonello, L.; Grappi, S. (2018), “How valuable are your customers in the brand value co-creation process? The development of a Customer Co-Creation Value (CCCV) scale”, Journal of Business Research, 82, 79-89.
  • Nysveen, H.; Pedersen, P. E. (2014), “Influences of co-creation on brand experience”, International Journal of Market Research, 56(6), 807-832.
  • Omar, N. A.; Kassim, A. S.; Shah, N. U.; Shah Alam, S.; Che Wel, C. A. (2020), “The influence of customer value co-creation behavior on SME brand equity: An empirical analysis”, Iranian Journal of Management Studies, 13(2), 165-196.
  • Park, H.; Kim, Y. K. (2014), “The role of social network websites in the consumer–brand relationship”, Journal of Retailing and Consumer Services, 21(4), 460-467.
  • Payne, A. F.; Storbacka, K.; Frow, P. (2008), “Managing the co-creation of value”, Journal of the Academy of Marketing Science, 36, 83-96.
  • Persson, N. (2010), “An exploratory investigation of the elements of B2B brand image and its relationship to price premium”, Industrial Marketing Management, 39(8), 1269-1277.
  • Polat, İ. (2021), “Ortak değer yaratmanın yolcu sadakati ve algılanan hizmet yeniliği üzerine etkisi”, 25. Pazarlama Kongresi.
  • Polat, İ.; Sesliokuyucu, O. (2019), “Havayolu hizmet sisteminde ortak değer yaratmanın tekrar satın alma niyetine etkisi”, İşletme Araştırmaları Dergisi, 11(4), 3073-3085.
  • Pongsakornrungsilp, S.; Schroeder, J. E. (2011), “Understanding value co-creation in a co-consuming brand community”, Marketing Theory, 11(3), 303-324.
  • Prahalad, C. K.; Ramaswamy, V. (2004), “Co-creation experiences: The next practice in value creation”, Journal of Interactive Marketing, 18(3), 5-14.
  • Ramaswamy, V. (2008), “Co‐creating value through customers’ experiences: the Nike case”, Strategy & Leadership, 36(5), 9-14.
  • Ramaswamy, V.; Ozcan, K. (2014), “The co-creation paradigm”, Stanford University Press.
  • Ramayah, T.; Cheah, J.; Chuah, F.; Ting, H.; Memon, M. A. (2018), “Partial least squares structural equation modeling (PLS-SEM) using SmartPLS 3.0: An updated guide and practical guide to statistical analysis”, (2nd ed.), Kuala Lumpur, Malaysia: Pearson.
  • Randall, W. S.; Gravier, M. J.; Prybutok, V. R. (2011), “Connection, trust, and commitment: dimensions of co-creation?”, Journal of Strategic Marketing, 19(01), 3-24.
  • Roberts, D.; Hughes, M.; Kertbo, K. (2014), “Exploring consumers' motivations to engage in innovation through co-creation activities”. European Journal of Marketing, 48(1/2), 147-169.
  • Saarijärvi, H. (2012), “The mechanisms of value co-creation”, Journal of Strategic Marketing, 20(5), 381-391.
  • Saha, V.; Mani, V.; Goyal, P. (2020), “Emerging trends in the literature of value co-creation: a bibliometric analysis”, Benchmarking: An International Journal, 27(3), 981-1002.
  • Saxena, S.; Mishra, S. C.; Mukerji, B. (2023), “A multi-method bibliometric review of value co-creation research”, Management Research Review.
  • Syah, T. Y. R.; Olivia, D. (2022), “Enhancing Patronage Intention on Online Fashion Industry in Indonesia: The Role of Value Co-Creation, Brand Image, and E-Service Quality”, Cogent Business & Management, 9(1), 1-32.
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There are 69 citations in total.

Details

Primary Language English
Subjects Business Systems in Context (Other)
Journal Section Articles
Authors

Emine Şenbabaoğlu Danacı 0000-0002-8402-5904

Publication Date August 1, 2024
Submission Date October 11, 2023
Acceptance Date December 29, 2023
Published in Issue Year 2024 Volume: 19 Issue: 2

Cite

APA Şenbabaoğlu Danacı, E. (2024). Effects of Social Importance and Brand Image on Willingness to Pay More in Value Co-Creation with Customers. Eskişehir Osmangazi Üniversitesi İktisadi Ve İdari Bilimler Dergisi, 19(2), 434-453. https://doi.org/10.17153/oguiibf.1374749