The Impact of Marketing on the Business Performance of Companies: A Literature Review
Yıl 2021,
, 63 - 74, 22.02.2021
A.selçuk Köylüoğlu
,
Petek Tosun
,
Mesut Doğan
Öz
The technology-based global competition environment that pushes businesses to constructive transformation in order to ensure customer satisfaction has further increased the importance of marketing capabilities in business strategies. The purpose of the literature review is to summarize the previous studies about marketing-financial performance nexus. Studies that were published between 1969 and 2019 could be reached from the EBSCO database were included in the literature review. A significant number of studies conducted in different countries have shown that marketing spending is an investment that creates value for the company and has a positive impact on firm profitability, firm value or firm sales. This study contributes to the literature by summarizing the research findings on the effects of marketing investments on business performance.
Kaynakça
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Pazarlamanın Şirketlerin İş Performansı Üzerindeki Etkisi: Bir Literatür Taraması
Yıl 2021,
, 63 - 74, 22.02.2021
A.selçuk Köylüoğlu
,
Petek Tosun
,
Mesut Doğan
Öz
Müşteri memnuniyetini sağlamak için işletmeleri konstrüktif transformasyona iten teknoloji tabanlı küresel rekabet ortamı, pazarlama yeteneklerinin işletme stratejilerindeki önemini daha da artırmıştır. Bu çıkış noktasından hareketle kurgulanan literatür incelemesinin amacı, pazarlama-finansal performans ilişkisine ait daha önceki çalışmaları özetlemektir. Literatür taramasına 1969-2019 yılları arasında yayımlanan ve EBSCO veri tabanından ulaşılabilen çalışmalar dahil edilmiştir. Farklı ülkelerde yapılan önemli sayıda araştırma, pazarlama harcamalarının şirket için değer yaratan ve firma kârlılığı, firma değeri ya da firma satışları üzerinde olumlu etkisi olan bir yatırım olduğunu göstermiştir. Önemli bir konuya odaklanan bu çalışma, pazarlama yatırımlarının işletme performansı üzerindeki etkilerine ilişkin araştırma bulgularını özetleyerek, literatüre katkıda bulunmaktadır.
Kaynakça
- Aaker, D. A. (1996), “Measuring Brand Equity Across Products and Markets”, California Management Review, 38(3), 102-120.
- Aaker, D.A., & Jacobson, R. (1994), “The Financial Information Content of Perceived Quality”, Journal of Marketing Research, 31(2), 191-201.
- Abbott, A.J., Lawler, K.A., & Ling, M.C.H. (1997), “Advertising Investments in The UK Brewing Industry: An Empirical Analysis”, Economic Issues, 2, 55–66.
- Abbott, W. F. & Monsen, J. R. (1979), “On The Measurement Of Corporate Social Responsibility: Self–Reported Disclosure as a Method of Measuring Corporate Social İnvolvement”, Academy of Management Journal, 22, 501–515.
- Abdel-Khalik, A. R. (1975), “Advertising Effectiveness and Accounting Policies”, The Accounting Review, 50, 657-670.
- Ahmed, S. U., Islam, Z. M. & Hasan, I. (2012), “Corporate Social Responsibility and Financial Performance Linkage-Evidence from The Banking Sector of Bangladesh”, Journal of Organizational Management, 1(1), 14-21.
- Alexander, G. J. & Buchholz, R. A. (1978), “Corporate Social Performance and Stock Market Performance”, Academy of Management Journal, 21, 479–486.
- Anderson, J. C. & Frankle, A. W. (1980), “Voluntary Social Reporting: An Isobeta Portfolio Analysis”, Accounting Review, 55, 467–479.
- Aupperle, K. E., Carroll, A. B., & Hatfield, J. D. (1985), “An Empirical Investigation of The Relationship Between Corporate Social Responsibility and Profitability”, Academy of Management Journal, 28, 446–463.
- Baltagi, B. H., Levin, D. (1986), “Estimating Dynamic Demand for Cigarettes Using Panel Data: The Effects Of Bootlegging, Taxation and Advertising Reconsidered”, The Review of Economics and Statistics, 68, 148-155.
- Barney, J. (1991), “Firm Resources and Sustained Competitive Advantage”, Journal of Management, 17(1), 99-120. DOI: 10.1177/014920639101700108
- Belkaoui, A. (1976), “The Impact of The Disclosure of The Environmental Effects of Organizational Behavior on The Market”, Financial Management, 5, 26–31.
- Berman, S. L., Wicks, A. C., Kotha, S., & Jones, T. M. (1999), “Does Stakeholder Orientation Matter? The Relationship Between Stakeholder Management Models and Firm Financial Performance”, Academy of Management Journal, 42, 488–506.
- Bharadwaj, S.G., Tuli, K.R., & Bonfrer, A. (2011), “The Impact of Brand Quality on Shareholder Wealth”, Journal of Marketing, 75(5), 88-104.
- Blacconiere, W. G. & Northcut, W. D. (1997), “Environmental İnformation And Market Reactions to Environmental Legislation”, Journal of Accounting, Auditing and Finance, 12, 149–178.
- Blacconiere, W. G. & Patten, D. M. (1994), “Environmental Disclosures, Regulatory Costs and Changes in Firm Value”, Journal of Accounting and Economics, 18, 357–377.
- Bowman, E. H. (1978), “Strategy, Annual Reports, and Alchemy”, California Management Review, 20, 64–71.
Boyle, E. J., Higgins, M. M., & Rhee, S. G. (1997), “Stock Market Reaction to Ethical Initiatives of Defense Contractors: Theory and Evidence”, Critical Perspectives on Accounting, 8, 541–561.
- Bragdon Jr., J. H. & Marlin, J. A. T. (1972), “Is Pollution Profitable?” Risk Management, 19, 9–18.
Brown, B. & Perry, S. (1994), “Removing The Financial Performance Halo From Fortune’s ‘Most Admired Companies”, Academy of Management Journal, 37, 1346–1359.
- Brown, B. (1998), “Do Stock Market Investors Reward Reputation for Corporate Social Performance?” Corporate Reputation Review, 1, 271–282.
- Candemir, A. & Zalluhoglu, A.E. (2011), “The Effect of Marketing Expenditures During Financial Crisis: The Case of Turkey”, Procedia Social and Behavioral Sciences, 24, 291–299. DOI:10.1016/j.sbspro.2011.09.105.
- Chauvin, K.W. & Hirschey, M. (1994), “Goodwill Profitability, and The Market Value of The Firm”, Journal of Accounting and Public Policy, 13, 159–180.
- Chauvin, K.W. & Hirschey, M. (1997), “Market Structure and The Value of Growth, Managerial and Decision Economics”, 18, 247–254.
- Chen, K. H. & Metcalf, R. W. (1980), “The Relationship Between Pollution Control Record and Financial Indicators Revisited”, Accounting Review, 55, 168–177.
- Cheng, C.S.A. & Chen, C.J.P. (1997), “Firm Valuation of Advertising Expense: An İnvestigation Of Scaler Effects, Managerial Finance”, 23, 41–62.
- Choi, J., Kwak, Y., & Choe, C. (2010), “Corporate Social Responsibility and Corporate Financial Performance: Evidence From Korea”, MPRA Paper No. 22159.
- Cochran, P. L. & Wood, R. A. (1984), “Corporate Social Responsibility and Financial Performance”, Academy of Management Journal, 27, 42–56.
- Conchar, M. P., Crask, M. R., & Zinkhan, G. M. (2005), “Market Valuation Models of The Effect of Advertising And Promotional Spending: A Review & Meta-Analysis”, Journal of the Academy of Marketing Science, 33(4): 445-460.
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