Araştırma Makalesi
BibTex RIS Kaynak Göster

Investigation on the Effect of Conspicuous Consumption and Brand Equity on the Purchasing Intention of Premium Branded Products

Yıl 2024, Cilt: 21 Sayı: 3, 159 - 174, 30.05.2024
https://doi.org/10.26466/opusjsr.1439999

Öz

Economic stability have a significant impact on consumer behavior. There are many studies in the literature showing that consumer behavior changes during economic instability. In addition, studies on the change in behavior towards premium branded products during these periods reveal that consumers’ demand for such products shifts to other products of the same brand. The study aims to examine the effect of perceived design value on brand value, brand prestige on conspicuous consumption, and conspicuous consumption and brand value on purchasing intention of premium branded products. In other words, Within the framework of consumer behavior towards premium branded products, this study examines the purchase intention of premium branded products during economic crises and also investigates the effect of conspicuous consumption and brand equity on this purchase intention. This study examines the purchase intention of premium branded products during economic crises and also investigates the effect of conspicuous consumption and brand equity on this purchase intention. Snowball sampling is used in sample selection, and data is collected using the survey method from 426 people. The results of the analysis show that there is a strong relationship between conspicuous consumption and the intention to pay high prices for premium branded products. A significant and positive direct relationship was found between brand equity and the intention to pay high pricess for premium branded products. In addition, a significant and positive relationship was found between brand prestige and conspicuous consumption. Finally, a significant and positive relationship was found between perceived design value and brand equity.

Kaynakça

  • Aaker, D. A. (1991). Managing brand equity: Capitalizing on the value of a brand name. Retrieved December 8, 2023, from https://www.inovaconsulting.com.br/wp-content/uploads/2016/09/managing-brand-equity-by-david-aaker.pdf.
  • Abdullah, M. I., Sarfraz, M., Arif, A., & Azam, A. (2018). An extension of the theory of planned behavior towards brand equity and premium price. Polish Journal of Management Studies, 18 (1), 20-32.
  • Acikalin, S., Gul, E., & Develioglu, K. (2009). Conspicuous consumption patterns of Turkish youth: case of cellular phones. Young Consumers, 10 (3), 199-209.
  • Ahearne, M., Bhattacharya, C. B., & Gruen, T. (2005). Antecedents and consequences of customer-company identification: expanding the role of relationship marketing. Journal of Applied Psychology, 90 (3), 574-585.
  • 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.
  • Amaldoss, W., & Jain, S. (2005). Pricing of conspicuous goods: a competitive analysis of social effects. Journal of Marketing Research, 42 (1), 30-42.
  • Ang, S. H. (2001). Personality influences on consumption: insights from the Asian economic crisis. Journal of International Consumer Marketing, 13 (1), 5-20.
  • Arvidsson, A. (2006). Brands meaning and value in media culture. London and New York: Routledge.
  • Bagwell, L. S., & Bernheim, B. D. (1996). Veblen effects in a theory of conspicuous consumption. The American Economic Review, 86 (3), 349-373.
  • Bindra, S., Sharma, D., Parameswar, N., Dhir, S., & Paul, J. (2022). Bandwagon effect revisited: a systematic review to develop future research agenda. Journal of Business Research, 143, 305-317.
  • Bougenvile, A., & Ruswanti, E. (2017). Brand equity on purchase intention consumers’ willingness to pay premium price juice. IOSR Journal of Economics and Finance, 8 (1), 12-18.
  • Brewer, M. B. (2003). Optimal distinctiveness, social identity, and the self. Handbook of self and identity (Editors: M. R. Leary & J. P. Tangney). New York: The Guilford Press, 480-491.
  • Cambridge Dictionary (2024). Heuristics. Retrieved March 31, 2024, from https://dictionary.cambridge.org/dictionary/english/heuristics?q=Heuristics.
  • Chenavaz, R. Y., & Eynan, A. (2021). Advertising, goodwill, and the Veblen effect. European Journal of Operational Research, 289 (2), 676-682.
  • Cherry, K (2023). Bandwagon Effect as a Cognitive Bias Examples of How and Why We Follow Trends. Retrieved March 31, 2024, from https://www.verywellmind.com/what-is-the-bandwagon-effect-2795895.
  • Christodoulides, G., & Chernatony, L. de (2009). Consumer-based brand equity conceptualisation and measurement: a literature review. Retrieved April 1, 2024, from https://publications.aston.ac.uk/id/eprint/31795/1/Consumer_based_brand_equity_conceptualizations_and_measurement.pdf.
  • Dall’lmo Riley, F., Pina, J. M., & Bravo, R. (2015). The role of perceived value in vertical brand extensions of luxury and premium brands. Journal of Marketing Management, 31 (7-8), 881-913.
  • Dolfsma, W. (2000). Life and times of the Veblen effect. History of Economic Ideas, 8 (3), 61-82.
  • Doyle, P. (1990). Building successful brands: the strategic options. Journal of Consumer Marketing, 7 (2), 5-20.
  • Erdem, T., & Swait, J. (1998). Brand equity as a signalling phenomenon. Journal of Consumer Psychology, 7 (2), 131-157.
  • Erdem, T., Swait, J., & Louviere, J. (2002). The impact of brand credibility on consumer price sensitivity. International Journal of Research in Marketing, 19 (1), 1-19.
  • Farquhar, P. H. (1989). Managing brand equity. Marketing Research, 1, 24-33.
  • Fornell, C., & Larcker, D. F. (1981). Evaluating structural equation models with unobserved variable and measurement error. Journal of Marketing Research, 18 (1), 39-50.
  • Godey, B., Manthiou, A., Pederzoli, D., Rokka, J., Aiello, G., Donvito, R., & Singh, R. (2016). Social media marketing efforts of luxury brands: influence on brand equity and consumer behavior. Journal of Business Research, 69 (12), 5833-5841.
  • Hair, J., & Alamer, A. (2022). Partial Least Squares Structural Equation Modeling (PLS-SEM) in second language and education research: guidelines using an applied example. Research Methods in Applied Linguistics, 1 (3), 100027.
  • Hamilton, D., & Tilman, R. (1983). Conspicuous consumption: a study of exceptional consumer behavior. Journal of Economic Issues, 17 (3), 791-799.
  • Henshel, R. L., & Johnston, W. (1987). The emergence of bandwagon effects: a theory. Sociological Quarterly, 28 (4), 493-511.
  • Ho, C., & Murphy, C. (2020). A little happiness goes a long way: how to grow a premium brand during a recession. Retrieved November 26, 2023, from https://www.ipsos.com/sites/default/files/ct/publication/documents/2020-07/growing-a-premium-brand.pdf.
  • Homburg, C., Schwemmle, M., & Kuehnl, C. (2015). New product design: concept, measurement, and consequences. Journal of Marketing, 79 (3), 41-56.
  • Huang, R., & Sarigollu, E. (2014). Assessment of brand equity measures. International Journal of Market Research, 56 (6), 783-806.
  • Jara, M., & Cliquet, G. (2012). Retail brand equity: conceptualization and measurement. Journal of Retailing and Consumer Services, 19 (1), 140-149.
  • Jasiulewicz, A. (2012). Economic crisis influence on the polish consumer. Behavior. Overcoming the crisis: economic and financial developments in Asia and Europe (Editors: Š. Bojnec, J. C. Brada & M. Kuboniwa). Koper: University of Primorska Press, 77-88.
  • Kapferer, J.-N. (1994). Strategic brand management: new approaches to creating and evaluating brand equity (Translator: P. Gibbs). New York: Free Press.
  • Kastanakis, M. N. (2010). Explaining variation in luxury consumption. Retrieved December 6, 2023, from https://core.ac.uk/download/pdf/42628699.pdf.
  • Keasbey, L. M. (1903). Prestige value. The Quarterly Journal of Economics, 17 (3), 456-475.
  • Keller, K. L. (1993). Conceptualizing, measuring, and managing customer-based brand equity. Journal of Marketing, 57 (1), 1-22.
  • Kelley, H. H., & Michela, J. L. (1980). Attribution theory and research. Annual Review of Psychology, 31 (1), 457-501.
  • Kim, D., & Jang, S. S. (2014). Motivational drivers for status consumption: A study of Generation Y consumers. International Journal of Hospitality Management, 38, 39-47.
  • Kim, J., Bang, H., & Campbell, W. K. (2021). Brand awe: a key concept for understanding consumer response to luxury and premium brands. The Journal of Social Psychology, 161 (2), 245-260.
  • Koç, N., & Armut, Ş. (2022). Ekonomik kriz: pandemi döneminde tüketici davranışları. Journal of Management Theory and Practices Research, 3 (2), 129-139.
  • Kosicka-Gębska, M., & Gębski, J. (2013). Impact of economic crisis on consumer behaviour towards meat. Oeconomia, 12 (3), 51-59.
  • Kotler, P. & Keller, K. L. (2012). Marketing management. New Jersey: Pearson Education, Inc., Prentice Hall. Kuwashima, Y. (2016). Structural equivalence and cohesion can explain bandwagon and snob effect. Annals of Business Administrative Science, 15 (1), 1-14.
  • Lai, T. C., Hsieh, C. L., & Ku, E. (2022). The gorgeous brand: understanding consumer’ conspicuous consumption for luxury tourism products. Journal of Tourism and Services, 13 (24), 108-127.
  • Lastovicka, J. L., Bettencourt, L. A., Hughner, R. S., & Kuntze, R. J. (1999). Lifestyle of the tight and frugal: theory and measurement. Journal of Consumer Research, 26 (1), 85-98.
  • Lee, K. O., & Mori, M. (2016). Do conspicuous consumers pay higher housing premiums? spatial and temporal variation in the United States. Real Estate Economics, 44 (3), 726-763.
  • Leibenstein, H. (1950). Bandwagon, snob, and Veblen effects in the theory of consumers’ demand. The Quarterly Journal of Economics, 64 (2), 183-207.
  • Levitan, L. C., & Verhulst, B. (2016). Conformity in groups: the effects of others’ views on expressed attitudes and attitude change. Political Behavior, 38 (2), 277-315.
  • Lim, X. J., Cheah, J. H., Ngo, L. V., Chan, K., & Ting, H. (2023). How do crazy rich Asians perceive sustainable luxury? Investigating the determinants of consumers’ willingness to pay a premium price. Journal of Retailing and Consumer Services, 75, 103502.
  • Malakhov, S. (2012). Veblen effect, search for status goods, and negative utility of conspicuous leisure. Retrieved December 6, 2023, from https://mpra.ub.uni-muenchen.de/40809/1/MPRA_paper_40809.pdf.
  • Mallinson, D. J., & Hatemi, P. K. (2018). The effects of information and social conformity on opinion change. PLoS ONE, 13 (5), e0196600.
  • Mansoor, M., & Paul, J. (2022). Mass prestige, brand happiness and brand evangelism among consumers. Journal of Business Research, 144, 484-496.
  • Marangoz, M., & Uluyol, O. (2010). Küresel ekonomik krizin tüketicilerin harcama ve tasarruf eğilimleri üzerine etkilerinin belirlenmesine yönelik bir araştırma. Muhasebe ve Finansman Dergisi, (45), 82-96.
  • Mark, T., Southam, C., Bulla, J., & Meza, S. (2016). Cross-category indulgence: why do some premium brands grow during recession?. Retrieved November 26, 2023, from https://cabcattle.com/wp-content/uploads/JBM-article-2016-Tanya-Mark.pdf.
  • Meng, Y., & Bari, M. W. (2019). Design perceptions for 3d printed accessories of digital devices and consumer-based brand equity. Frontiers in Psychology, 10, 2800.
  • Mishra, A. (2016). Attribute-based design perceptions and consumer-brand relationship: role of user expertise. Journal of Business Research, 69 (12), 5983-5992.
  • Netemeyer, R. G., Krishnan, B., Pullig, C., Wang, G., Yagci, M., Dean, D., Ricks, J., & Wirth, F. (2004). Developing and validating measures of facets of customer-based brand equity. Journal of Business Research, 57 (2), 209-224.
  • NIQ (2016). Deeper than dollars: global perceptions about premium product. Retrieved December 6, 2023, from https://nielseniq.com/global/en/insights/analysis/2016/deeper-than-dollars-global-perceptions-about-premium-products/#:~:text=High%2Dquality%20materials%20or%20ingredients%20are%20the%20most%20commonly%20selected,(50%25%20and%2045%25%2C.
  • Noble, C. H., & Kumar, M. (2008). Using product design strategically to create deeper consumer connections. Business Horizons, 51 (5), 441-450.
  • O’Cass, A., & Frost, H. (2002). Status brands: examining the effects of non-product-related brand associations on status andconspicuous consumption. Journal of Product & Brand Management, 11 (2), 67-88.
  • Omar, N. A., Nazri, M. A., Ali, M. H., & Alam, S. S. (2021). The panic buying behavior of consumers during the COVID-19 pandemic: Examining the influences of uncertainty, perceptions of severity, perceptions of scarcity, and anxiety. Journal of Retailing and Consumer Services, 62, 102600.
  • Paul, J. (2019). Masstige model and measure for brand management. European Management Journal, 37 (3), 299-312.
  • Pepall, L., & Reiff, J. (2016). The “Veblen” effect, targeted advertising and consumer welfare. Economics Letters, 145, 218-220.
  • Rae, J. (1905). The sociological theory of capital: being a complete reprint of the new principles of political economy, 1834 (Editor: C. W. Mixter). New York and London: The Macmillan Company.
  • Saladino, V., Algeri, D., & Auriemma, V. (2020). The psychological and social impact of covid-19: new perspectives of well-being. Frontiers in Psychology, 11, 577684.
  • Saruchera, F., & Mthombeni, L. (2023). Antecedents to the conspicuous consumption of luxury fashion brands by middle-income black South Africans. Journal of Fashion Marketing and Management: An International Journal, 27 (6), 944-964.
  • Schmitt‐Beck, R. (2015). Bandwagon effect. Retrieved December 6, 2023, from https://onlinelibrary.wiley.com/doi/epdf/10.1002/9781118541555.wbiepc015.
  • Spry, A., Pappu, R., & Cornwell, T. B. (2011). Celebrity endorsement, brand credibility and brand equity. European Journal of Marketing, 45 (6), 882-909.
  • Statista Research Department (2023). By country revenue of prestige cosmetics and fragrances market worlwide in 2022. Retrieved December 6, 2023, from https://www.statista.com/forecasts/1238727/country-revenue-of-prestige-cosmetics-and-fragrances-market-worldwide.
  • Stępień, B. (2018). Snobbish bandwagoners: ambiguity of luxury goods’ perception. Journal of Management and Business Administration. Central Europe, 26 (1), 79-99.
  • Suárez, E., Hernández, B., Gil-Giménez, D., & Corral-Verdugo, V. (2020). Determinants of frugal behavior: the influences of consciousness for sustainable consumption, materialism, and the consideration of future consequences. Frontiers in Psychology, 11, 567752.
  • The Economist (2023). Is the luxury sector recession-proof?. Retrieved December 16, 2023, from https://www.economist.com/business/2023/06/01/is-the-luxury-sector-recession-proof.
  • Tor Kadıoğlu, C., & Yağcı, M. İ. (2021). Gösterişçi tüketimin ve motivasyonlarının yaş kuşakları ekseninde incelenmesi. Mehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 8 (1), 479-507.
  • Torrance, E. P. (1968). A theory of psychological reactance by Jack W. Brehm. The American Journal of Psychology, 81 (1), 133-134.
  • Tsai, W. S., Yang, Q., & Liu, Y. (2013). Young Chinese consumers’ snob and bandwagon luxury consumption preferences. Journal of International Consumer Marketing, 25 (5), 290-304.
  • Urbonavicius, S., & Pikturniene, I. (2010). Consumers in the face of economic crisis: evidence from two generations in Lithuania. Retrieved November 18, 2023, from https://etalpykla.lituanistika.lt/object/LT-LDB-0001:J.04~2010~1367178123347/J.04~2010~1367178123347.pdf.
  • Uzgoren, E., & Guney, T. (2012). The snop effect in the consumption of luxury goods. Procedia-Social and Behavioral Sciences, 62, 628-637.
  • Veblen, T. (1899). The theory of the leisure class: an economic study of institutions. New York: B. W. Huebsch. Vigneron, F., & Johnson, L. W. (1999). A review and a conceptual framework of prestige-seeking consumer behavior. Academy of Marketing Science Review, (1), 1-15.
  • Voinea, L., & Filip, A. (2011). Analyzing the main changes in new consumer buying behavior during economic crisis. International Journal of Economic Practices and Theories, 1 (1), 14-19.
  • Wolter, J. S., Brach, S., Cronin Jr., J. J., & Bonn, M. (2016). Symbolic drivers of consumer brand identification and disidentification. Journal of Business Research, 69 (2), 785-793.
  • Yoo, B., Donthu, N., & Lee, S. (2000). An examination of selected marketing mix elements and brand equity. Journal of the Academy of Marketing Science, 28 (2), 195-211.
  • Yu, Y., Zhou, X., Wang, L., & Wang, Q. (2022). Uppercase premium effect: the role of brand letter case in brand premiumness. Journal of Retailing, 98 (2), 335-355.
  • Yürük, P. (2010). Kriz dönemlerinde tüketicilerin satın alma davranışlarındaki değişiklikler: Edirne ilinde bir uygulama. Master’s Thesis, Trakya University, Institute of Social Sciences, Edirne.
  • Zeithaml, V. A. (1988). Consumer perceptions of price, quality, and value: a means-end model and synthesis of evidence. Journal of Marketing, 52, 2-22.
  • Zhang, W., Leng, X., & Liu, S. (2023). Research on mobile impulse purchase intention in the perspective of system users during COVID-19. Personal and Ubiquitous Computing, 27, 665-673.

Gösterişçi Tüketim ve Marka Değerinin Premium Markalı Ürünlerin Satın Alma Niyetine Etkisinin İncelenmesi

Yıl 2024, Cilt: 21 Sayı: 3, 159 - 174, 30.05.2024
https://doi.org/10.26466/opusjsr.1439999

Öz

Ekonomik istikrarın tüketici davranışları üzerinde önemli bir etkisi vardır. Literatürde ekonomik istikrarsızlık dönemlerinde tüketici davranışlarının değiştiğini gösteren pek çok çalışma bulunmaktadır. Ayrıca bu dönemlerde premium markalı ürünlere yönelik davranış değişikliğine ilişkin çalışmalar, tüketicilerin bu tür ürünlere olan talebinin aynı markanın diğer ürünlerine kaydığını ortaya koymaktadır. Bu çalışma, algılanan tasarım değerinin marka değeri üzerindeki, marka prestijinin gösterişçi tüketim üzerindeki, gösterişçi tüketim ve marka değerinin premium markalı ürünlerin satın alma niyeti üzerindeki etkisini incelemeyi amaçlamaktadır. Başka bir ifadeyle, tüketicinin premium markalı ürünlere yönelik davranışları çerçevesinde, bu çalışma ekonomik krizler sırasında premium markalı ürünlerin satın alma niyetini incelemekte ve ayrıca gösterişçi tüketimin ve marka değerinin bu satın alma niyeti üzerindeki etkisini araştırmaktadır. Örneklem seçiminde kartopu örneklemesi kullanılmış olup, 426 kişiden anket yöntemiyle veri toplanmıştır. Analiz sonuçları gösterişçi tüketim ile premium markalı ürünlere yüksek fiyat ödeme niyeti arasında güçlü bir ilişki olduğunu göstermektedir. Marka değeri ile premium markalı ürünlere yüksek fiyat ödeme niyeti arasında anlamlı ve pozitif bir doğrudan ilişki bulunmuştur. Buna ek olarak marka prestiji ile gösterişçi tüketim arasında anlamlı ve pozitif bir ilişki bulunmuştur. Son olarak algılanan tasarım değeri ile marka değeri arasında anlamlı ve pozitif bir ilişki bulunmuştur.

Kaynakça

  • Aaker, D. A. (1991). Managing brand equity: Capitalizing on the value of a brand name. Retrieved December 8, 2023, from https://www.inovaconsulting.com.br/wp-content/uploads/2016/09/managing-brand-equity-by-david-aaker.pdf.
  • Abdullah, M. I., Sarfraz, M., Arif, A., & Azam, A. (2018). An extension of the theory of planned behavior towards brand equity and premium price. Polish Journal of Management Studies, 18 (1), 20-32.
  • Acikalin, S., Gul, E., & Develioglu, K. (2009). Conspicuous consumption patterns of Turkish youth: case of cellular phones. Young Consumers, 10 (3), 199-209.
  • Ahearne, M., Bhattacharya, C. B., & Gruen, T. (2005). Antecedents and consequences of customer-company identification: expanding the role of relationship marketing. Journal of Applied Psychology, 90 (3), 574-585.
  • 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.
  • Amaldoss, W., & Jain, S. (2005). Pricing of conspicuous goods: a competitive analysis of social effects. Journal of Marketing Research, 42 (1), 30-42.
  • Ang, S. H. (2001). Personality influences on consumption: insights from the Asian economic crisis. Journal of International Consumer Marketing, 13 (1), 5-20.
  • Arvidsson, A. (2006). Brands meaning and value in media culture. London and New York: Routledge.
  • Bagwell, L. S., & Bernheim, B. D. (1996). Veblen effects in a theory of conspicuous consumption. The American Economic Review, 86 (3), 349-373.
  • Bindra, S., Sharma, D., Parameswar, N., Dhir, S., & Paul, J. (2022). Bandwagon effect revisited: a systematic review to develop future research agenda. Journal of Business Research, 143, 305-317.
  • Bougenvile, A., & Ruswanti, E. (2017). Brand equity on purchase intention consumers’ willingness to pay premium price juice. IOSR Journal of Economics and Finance, 8 (1), 12-18.
  • Brewer, M. B. (2003). Optimal distinctiveness, social identity, and the self. Handbook of self and identity (Editors: M. R. Leary & J. P. Tangney). New York: The Guilford Press, 480-491.
  • Cambridge Dictionary (2024). Heuristics. Retrieved March 31, 2024, from https://dictionary.cambridge.org/dictionary/english/heuristics?q=Heuristics.
  • Chenavaz, R. Y., & Eynan, A. (2021). Advertising, goodwill, and the Veblen effect. European Journal of Operational Research, 289 (2), 676-682.
  • Cherry, K (2023). Bandwagon Effect as a Cognitive Bias Examples of How and Why We Follow Trends. Retrieved March 31, 2024, from https://www.verywellmind.com/what-is-the-bandwagon-effect-2795895.
  • Christodoulides, G., & Chernatony, L. de (2009). Consumer-based brand equity conceptualisation and measurement: a literature review. Retrieved April 1, 2024, from https://publications.aston.ac.uk/id/eprint/31795/1/Consumer_based_brand_equity_conceptualizations_and_measurement.pdf.
  • Dall’lmo Riley, F., Pina, J. M., & Bravo, R. (2015). The role of perceived value in vertical brand extensions of luxury and premium brands. Journal of Marketing Management, 31 (7-8), 881-913.
  • Dolfsma, W. (2000). Life and times of the Veblen effect. History of Economic Ideas, 8 (3), 61-82.
  • Doyle, P. (1990). Building successful brands: the strategic options. Journal of Consumer Marketing, 7 (2), 5-20.
  • Erdem, T., & Swait, J. (1998). Brand equity as a signalling phenomenon. Journal of Consumer Psychology, 7 (2), 131-157.
  • Erdem, T., Swait, J., & Louviere, J. (2002). The impact of brand credibility on consumer price sensitivity. International Journal of Research in Marketing, 19 (1), 1-19.
  • Farquhar, P. H. (1989). Managing brand equity. Marketing Research, 1, 24-33.
  • Fornell, C., & Larcker, D. F. (1981). Evaluating structural equation models with unobserved variable and measurement error. Journal of Marketing Research, 18 (1), 39-50.
  • Godey, B., Manthiou, A., Pederzoli, D., Rokka, J., Aiello, G., Donvito, R., & Singh, R. (2016). Social media marketing efforts of luxury brands: influence on brand equity and consumer behavior. Journal of Business Research, 69 (12), 5833-5841.
  • Hair, J., & Alamer, A. (2022). Partial Least Squares Structural Equation Modeling (PLS-SEM) in second language and education research: guidelines using an applied example. Research Methods in Applied Linguistics, 1 (3), 100027.
  • Hamilton, D., & Tilman, R. (1983). Conspicuous consumption: a study of exceptional consumer behavior. Journal of Economic Issues, 17 (3), 791-799.
  • Henshel, R. L., & Johnston, W. (1987). The emergence of bandwagon effects: a theory. Sociological Quarterly, 28 (4), 493-511.
  • Ho, C., & Murphy, C. (2020). A little happiness goes a long way: how to grow a premium brand during a recession. Retrieved November 26, 2023, from https://www.ipsos.com/sites/default/files/ct/publication/documents/2020-07/growing-a-premium-brand.pdf.
  • Homburg, C., Schwemmle, M., & Kuehnl, C. (2015). New product design: concept, measurement, and consequences. Journal of Marketing, 79 (3), 41-56.
  • Huang, R., & Sarigollu, E. (2014). Assessment of brand equity measures. International Journal of Market Research, 56 (6), 783-806.
  • Jara, M., & Cliquet, G. (2012). Retail brand equity: conceptualization and measurement. Journal of Retailing and Consumer Services, 19 (1), 140-149.
  • Jasiulewicz, A. (2012). Economic crisis influence on the polish consumer. Behavior. Overcoming the crisis: economic and financial developments in Asia and Europe (Editors: Š. Bojnec, J. C. Brada & M. Kuboniwa). Koper: University of Primorska Press, 77-88.
  • Kapferer, J.-N. (1994). Strategic brand management: new approaches to creating and evaluating brand equity (Translator: P. Gibbs). New York: Free Press.
  • Kastanakis, M. N. (2010). Explaining variation in luxury consumption. Retrieved December 6, 2023, from https://core.ac.uk/download/pdf/42628699.pdf.
  • Keasbey, L. M. (1903). Prestige value. The Quarterly Journal of Economics, 17 (3), 456-475.
  • Keller, K. L. (1993). Conceptualizing, measuring, and managing customer-based brand equity. Journal of Marketing, 57 (1), 1-22.
  • Kelley, H. H., & Michela, J. L. (1980). Attribution theory and research. Annual Review of Psychology, 31 (1), 457-501.
  • Kim, D., & Jang, S. S. (2014). Motivational drivers for status consumption: A study of Generation Y consumers. International Journal of Hospitality Management, 38, 39-47.
  • Kim, J., Bang, H., & Campbell, W. K. (2021). Brand awe: a key concept for understanding consumer response to luxury and premium brands. The Journal of Social Psychology, 161 (2), 245-260.
  • Koç, N., & Armut, Ş. (2022). Ekonomik kriz: pandemi döneminde tüketici davranışları. Journal of Management Theory and Practices Research, 3 (2), 129-139.
  • Kosicka-Gębska, M., & Gębski, J. (2013). Impact of economic crisis on consumer behaviour towards meat. Oeconomia, 12 (3), 51-59.
  • Kotler, P. & Keller, K. L. (2012). Marketing management. New Jersey: Pearson Education, Inc., Prentice Hall. Kuwashima, Y. (2016). Structural equivalence and cohesion can explain bandwagon and snob effect. Annals of Business Administrative Science, 15 (1), 1-14.
  • Lai, T. C., Hsieh, C. L., & Ku, E. (2022). The gorgeous brand: understanding consumer’ conspicuous consumption for luxury tourism products. Journal of Tourism and Services, 13 (24), 108-127.
  • Lastovicka, J. L., Bettencourt, L. A., Hughner, R. S., & Kuntze, R. J. (1999). Lifestyle of the tight and frugal: theory and measurement. Journal of Consumer Research, 26 (1), 85-98.
  • Lee, K. O., & Mori, M. (2016). Do conspicuous consumers pay higher housing premiums? spatial and temporal variation in the United States. Real Estate Economics, 44 (3), 726-763.
  • Leibenstein, H. (1950). Bandwagon, snob, and Veblen effects in the theory of consumers’ demand. The Quarterly Journal of Economics, 64 (2), 183-207.
  • Levitan, L. C., & Verhulst, B. (2016). Conformity in groups: the effects of others’ views on expressed attitudes and attitude change. Political Behavior, 38 (2), 277-315.
  • Lim, X. J., Cheah, J. H., Ngo, L. V., Chan, K., & Ting, H. (2023). How do crazy rich Asians perceive sustainable luxury? Investigating the determinants of consumers’ willingness to pay a premium price. Journal of Retailing and Consumer Services, 75, 103502.
  • Malakhov, S. (2012). Veblen effect, search for status goods, and negative utility of conspicuous leisure. Retrieved December 6, 2023, from https://mpra.ub.uni-muenchen.de/40809/1/MPRA_paper_40809.pdf.
  • Mallinson, D. J., & Hatemi, P. K. (2018). The effects of information and social conformity on opinion change. PLoS ONE, 13 (5), e0196600.
  • Mansoor, M., & Paul, J. (2022). Mass prestige, brand happiness and brand evangelism among consumers. Journal of Business Research, 144, 484-496.
  • Marangoz, M., & Uluyol, O. (2010). Küresel ekonomik krizin tüketicilerin harcama ve tasarruf eğilimleri üzerine etkilerinin belirlenmesine yönelik bir araştırma. Muhasebe ve Finansman Dergisi, (45), 82-96.
  • Mark, T., Southam, C., Bulla, J., & Meza, S. (2016). Cross-category indulgence: why do some premium brands grow during recession?. Retrieved November 26, 2023, from https://cabcattle.com/wp-content/uploads/JBM-article-2016-Tanya-Mark.pdf.
  • Meng, Y., & Bari, M. W. (2019). Design perceptions for 3d printed accessories of digital devices and consumer-based brand equity. Frontiers in Psychology, 10, 2800.
  • Mishra, A. (2016). Attribute-based design perceptions and consumer-brand relationship: role of user expertise. Journal of Business Research, 69 (12), 5983-5992.
  • Netemeyer, R. G., Krishnan, B., Pullig, C., Wang, G., Yagci, M., Dean, D., Ricks, J., & Wirth, F. (2004). Developing and validating measures of facets of customer-based brand equity. Journal of Business Research, 57 (2), 209-224.
  • NIQ (2016). Deeper than dollars: global perceptions about premium product. Retrieved December 6, 2023, from https://nielseniq.com/global/en/insights/analysis/2016/deeper-than-dollars-global-perceptions-about-premium-products/#:~:text=High%2Dquality%20materials%20or%20ingredients%20are%20the%20most%20commonly%20selected,(50%25%20and%2045%25%2C.
  • Noble, C. H., & Kumar, M. (2008). Using product design strategically to create deeper consumer connections. Business Horizons, 51 (5), 441-450.
  • O’Cass, A., & Frost, H. (2002). Status brands: examining the effects of non-product-related brand associations on status andconspicuous consumption. Journal of Product & Brand Management, 11 (2), 67-88.
  • Omar, N. A., Nazri, M. A., Ali, M. H., & Alam, S. S. (2021). The panic buying behavior of consumers during the COVID-19 pandemic: Examining the influences of uncertainty, perceptions of severity, perceptions of scarcity, and anxiety. Journal of Retailing and Consumer Services, 62, 102600.
  • Paul, J. (2019). Masstige model and measure for brand management. European Management Journal, 37 (3), 299-312.
  • Pepall, L., & Reiff, J. (2016). The “Veblen” effect, targeted advertising and consumer welfare. Economics Letters, 145, 218-220.
  • Rae, J. (1905). The sociological theory of capital: being a complete reprint of the new principles of political economy, 1834 (Editor: C. W. Mixter). New York and London: The Macmillan Company.
  • Saladino, V., Algeri, D., & Auriemma, V. (2020). The psychological and social impact of covid-19: new perspectives of well-being. Frontiers in Psychology, 11, 577684.
  • Saruchera, F., & Mthombeni, L. (2023). Antecedents to the conspicuous consumption of luxury fashion brands by middle-income black South Africans. Journal of Fashion Marketing and Management: An International Journal, 27 (6), 944-964.
  • Schmitt‐Beck, R. (2015). Bandwagon effect. Retrieved December 6, 2023, from https://onlinelibrary.wiley.com/doi/epdf/10.1002/9781118541555.wbiepc015.
  • Spry, A., Pappu, R., & Cornwell, T. B. (2011). Celebrity endorsement, brand credibility and brand equity. European Journal of Marketing, 45 (6), 882-909.
  • Statista Research Department (2023). By country revenue of prestige cosmetics and fragrances market worlwide in 2022. Retrieved December 6, 2023, from https://www.statista.com/forecasts/1238727/country-revenue-of-prestige-cosmetics-and-fragrances-market-worldwide.
  • Stępień, B. (2018). Snobbish bandwagoners: ambiguity of luxury goods’ perception. Journal of Management and Business Administration. Central Europe, 26 (1), 79-99.
  • Suárez, E., Hernández, B., Gil-Giménez, D., & Corral-Verdugo, V. (2020). Determinants of frugal behavior: the influences of consciousness for sustainable consumption, materialism, and the consideration of future consequences. Frontiers in Psychology, 11, 567752.
  • The Economist (2023). Is the luxury sector recession-proof?. Retrieved December 16, 2023, from https://www.economist.com/business/2023/06/01/is-the-luxury-sector-recession-proof.
  • Tor Kadıoğlu, C., & Yağcı, M. İ. (2021). Gösterişçi tüketimin ve motivasyonlarının yaş kuşakları ekseninde incelenmesi. Mehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 8 (1), 479-507.
  • Torrance, E. P. (1968). A theory of psychological reactance by Jack W. Brehm. The American Journal of Psychology, 81 (1), 133-134.
  • Tsai, W. S., Yang, Q., & Liu, Y. (2013). Young Chinese consumers’ snob and bandwagon luxury consumption preferences. Journal of International Consumer Marketing, 25 (5), 290-304.
  • Urbonavicius, S., & Pikturniene, I. (2010). Consumers in the face of economic crisis: evidence from two generations in Lithuania. Retrieved November 18, 2023, from https://etalpykla.lituanistika.lt/object/LT-LDB-0001:J.04~2010~1367178123347/J.04~2010~1367178123347.pdf.
  • Uzgoren, E., & Guney, T. (2012). The snop effect in the consumption of luxury goods. Procedia-Social and Behavioral Sciences, 62, 628-637.
  • Veblen, T. (1899). The theory of the leisure class: an economic study of institutions. New York: B. W. Huebsch. Vigneron, F., & Johnson, L. W. (1999). A review and a conceptual framework of prestige-seeking consumer behavior. Academy of Marketing Science Review, (1), 1-15.
  • Voinea, L., & Filip, A. (2011). Analyzing the main changes in new consumer buying behavior during economic crisis. International Journal of Economic Practices and Theories, 1 (1), 14-19.
  • Wolter, J. S., Brach, S., Cronin Jr., J. J., & Bonn, M. (2016). Symbolic drivers of consumer brand identification and disidentification. Journal of Business Research, 69 (2), 785-793.
  • Yoo, B., Donthu, N., & Lee, S. (2000). An examination of selected marketing mix elements and brand equity. Journal of the Academy of Marketing Science, 28 (2), 195-211.
  • Yu, Y., Zhou, X., Wang, L., & Wang, Q. (2022). Uppercase premium effect: the role of brand letter case in brand premiumness. Journal of Retailing, 98 (2), 335-355.
  • Yürük, P. (2010). Kriz dönemlerinde tüketicilerin satın alma davranışlarındaki değişiklikler: Edirne ilinde bir uygulama. Master’s Thesis, Trakya University, Institute of Social Sciences, Edirne.
  • Zeithaml, V. A. (1988). Consumer perceptions of price, quality, and value: a means-end model and synthesis of evidence. Journal of Marketing, 52, 2-22.
  • Zhang, W., Leng, X., & Liu, S. (2023). Research on mobile impulse purchase intention in the perspective of system users during COVID-19. Personal and Ubiquitous Computing, 27, 665-673.
Toplam 84 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Konular Strateji, Yönetim ve Örgütsel Davranış (Diğer)
Bölüm Research Articles
Yazarlar

Duygu Baysal Kurt 0000-0001-8364-0705

Adnan Kara 0000-0002-9045-0392

Erken Görünüm Tarihi 27 Mayıs 2024
Yayımlanma Tarihi 30 Mayıs 2024
Gönderilme Tarihi 19 Şubat 2024
Kabul Tarihi 16 Mayıs 2024
Yayımlandığı Sayı Yıl 2024 Cilt: 21 Sayı: 3

Kaynak Göster

APA Baysal Kurt, D., & Kara, A. (2024). Investigation on the Effect of Conspicuous Consumption and Brand Equity on the Purchasing Intention of Premium Branded Products. OPUS Journal of Society Research, 21(3), 159-174. https://doi.org/10.26466/opusjsr.1439999