Araştırma Makalesi

Effects of Social Importance and Brand Image on Willingness to Pay More in Value Co-Creation with Customers

Cilt: 19 Sayı: 2 1 Ağustos 2024
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Effects of Social Importance and Brand Image on Willingness to Pay More in Value Co-Creation with Customers

Öz

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.

Anahtar Kelimeler

Kaynakça

  1. 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.
  2. 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.
  3. 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.
  4. Baker, D. A.; Crompton, J. L. (2000), “Quality, satisfaction and behavioral intentions”, Annals of Tourism Research, 27(3), 785-804.
  5. Brislin, R. W. (1970), “Back-translation for cross-cultural research”, Journal of cross-Cultural Psychology, 1(3), 185-216.
  6. Buil, I.; Martínez, E.; De Chernatony, L. (2013), “The influence of brand equity on consumer responses” Journal of Consumer Marketing, 30(1), 62-74.
  7. 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.
  8. 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.

Ayrıntılar

Birincil Dil

İngilizce

Konular

İş Sistemleri (Diğer)

Bölüm

Araştırma Makalesi

Yayımlanma Tarihi

1 Ağustos 2024

Gönderilme Tarihi

11 Ekim 2023

Kabul Tarihi

29 Aralık 2023

Yayımlandığı Sayı

Yıl 2024 Cilt: 19 Sayı: 2

Kaynak Göster

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
AMA
1.Şenbabaoğlu Danacı E. 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. 2024;19(2):434-453. doi:10.17153/oguiibf.1374749
Chicago
Şenbabaoğlu Danacı, Emine. 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): 434-53. https://doi.org/10.17153/oguiibf.1374749.
EndNote
Şenbabaoğlu Danacı E (01 Ağustos 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.
IEEE
[1]E. Şenbabaoğlu Danacı, “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, c. 19, sy 2, ss. 434–453, Ağu. 2024, doi: 10.17153/oguiibf.1374749.
ISNAD
Şenbabaoğlu Danacı, Emine. “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 (01 Ağustos 2024): 434-453. https://doi.org/10.17153/oguiibf.1374749.
JAMA
1.Şenbabaoğlu Danacı E. 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. 2024;19:434–453.
MLA
Şenbabaoğlu Danacı, Emine. “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, c. 19, sy 2, Ağustos 2024, ss. 434-53, doi:10.17153/oguiibf.1374749.
Vancouver
1.Emine Şenbabaoğlu Danacı. 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. 01 Ağustos 2024;19(2):434-53. doi:10.17153/oguiibf.1374749

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