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When time drives search effort: the effect of assortment variety on visual attention to SKU pricing 当时间驱动搜索努力时:品种多样性对 SKU 定价视觉注意力的影响
IF 4.4 3区 管理学
Marketing Intelligence & Planning Pub Date : 2024-04-19 DOI: 10.1108/mip-03-2023-0105
Wagner Junior Ladeira, Vinicius Nardi, Marlon Dalmoro, Fernando de Oliveira Santini, William Carvalho Jardim, Debdutta Choudhury
{"title":"When time drives search effort: the effect of assortment variety on visual attention to SKU pricing","authors":"Wagner Junior Ladeira, Vinicius Nardi, Marlon Dalmoro, Fernando de Oliveira Santini, William Carvalho Jardim, Debdutta Choudhury","doi":"10.1108/mip-03-2023-0105","DOIUrl":"https://doi.org/10.1108/mip-03-2023-0105","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>Understanding the effect of assortment composition on attentional levels is an essential topic for academic researchers and practitioners. This work has important implications when analyzing the influence of shopping frame time and search effort on the relationship between the reaction to assortment composition and visual attention to stock-keeping units (SKUs) pricing.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>Two experimental studies through gauze behavior analysis technology (using eye-tracking equipment) analyze the variable's large assortment, visual attention to SKU pricing, search effort and shopping frame time.</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>The results suggest that, although it increases the search effort, a large assortment decreases the visual attention to SKU pricing. Further, our results indicate a moderating effect associated with mitigating the negative effect by medium-low levels of search effort and a moderating impact of time in this relation.</p><!--/ Abstract__block -->\u0000<h3>Practical implications</h3>\u0000<p>Marketing professionals can carefully optimize the in-store experience by managing the assortment and variety and by influencing consumers' visual attention to SKU pricing along the journey as part of the experience. Assortment and SKU pricing strategies need to be aligned with consumer journey design.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>Our findings contribute to assortment theory and management by detailing the relationship between consumers' reactions to assortment perception and visual attention to SKU pricing in time flow. We reinforce the importance of considering assortment strategies from the consumer perspective and giving reliable information about in-store behavior.</p><!--/ Abstract__block -->","PeriodicalId":48048,"journal":{"name":"Marketing Intelligence & Planning","volume":null,"pages":null},"PeriodicalIF":4.4,"publicationDate":"2024-04-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140611704","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Impact of exogenous brand crises on consumer behaviour 外生品牌危机对消费者行为的影响
IF 4.4 3区 管理学
Marketing Intelligence & Planning Pub Date : 2024-04-18 DOI: 10.1108/mip-05-2023-0234
Kalpana Chandrasekar, Varisha Rehman
{"title":"Impact of exogenous brand crises on consumer behaviour","authors":"Kalpana Chandrasekar, Varisha Rehman","doi":"10.1108/mip-05-2023-0234","DOIUrl":"https://doi.org/10.1108/mip-05-2023-0234","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>Global brands have become increasingly vulnerable to external disruptions that have negative spillover effects on consumers, business and brands. This research area has recently garnered interest post-pandemic yet remains fragmented. The purpose of this paper is to recognize the most impactful exogenous brand crisis (EBC) and its affective and behavioural impact on consumers.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>In Study 1, we applied repertory grid technique (RGT), photo elicitation method and ANOVA comparisons, to identify the most significant EBC, in terms of repercussions on consumer purchases. In Study 2, we performed collage construction and content analysis to ascertain the impact of the identified significant crisis (from Study 1) on consumer behaviour in terms of affective and behavioural changes.</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>Study 1 results reveal Spread-of-diseases and Natural disaster to be the most impactful EBC based on consumer’s purchase decisions. Study 2 findings uncover three distinct themes, namely, deviant demand, emotional upheaval and community bonding that throws light on the affective and behavioural changes in consumer behaviour during the two significant EBC events.</p><!--/ Abstract__block -->\u0000<h3>Research limitations/implications</h3>\u0000<p>The collated results of the two studies draw insights towards understanding the largely unexplored conceptualisation of EBC from a multi-level (micro-meso-macro) perspective. The integrated framework drawn, highlight the roles and influences of different players in exogenous brand crisis management and suggests future research agendas based on theoretical underpinnings.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>To the best of our knowledge, this is the first study which identifies the most important EBC and explicates its profound impact on consumer purchase behaviour, providing critical insights to brand managers and practitioners to take an inclusive approach towards exogenous crises.</p><!--/ Abstract__block -->","PeriodicalId":48048,"journal":{"name":"Marketing Intelligence & Planning","volume":null,"pages":null},"PeriodicalIF":4.4,"publicationDate":"2024-04-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140611536","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Why do athletes consume luxury brands? A study on motivations and values from the lens of theory of prestige consumption 运动员为何消费奢侈品牌?从声望消费理论的角度研究动机和价值观
IF 4.4 3区 管理学
Marketing Intelligence & Planning Pub Date : 2024-04-02 DOI: 10.1108/mip-10-2023-0577
Halil Erdem Akoğlu, Kadir Yildiz, Sushant Kumar
{"title":"Why do athletes consume luxury brands? A study on motivations and values from the lens of theory of prestige consumption","authors":"Halil Erdem Akoğlu, Kadir Yildiz, Sushant Kumar","doi":"10.1108/mip-10-2023-0577","DOIUrl":"https://doi.org/10.1108/mip-10-2023-0577","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>Although extant literature exists on luxury consumption, limited studies have focused on motivation and values to consume luxury brands among athletes. The study aims to uncover the motivations that guide athletes’ decision-making processes to consume luxury brands.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>The study utilized the theory of prestige consumption to develop a model. The model posits that bandwagon, snob and veblen motivations guide athletes to seek social and conspicuous values in their consumption of luxury brands. A survey-based questionnaire approach was used to collect data from 343 athletes from Turkey by considering brands from different product categories.</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>Findings indicated that bandwagon and veblen motivations are associated with social and conspicuous values. The findings also suggested that bandwagon, snob and veblen motivation are positively associated with luxury consumption intentions. Also, the social and conspicuous values of athletes determine their intentions to consume luxury. The mediating effects of social and conspicuous values are also confirmed.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>The study's findings are first to empirically examine the influence of motivations on social and conspicuous value among athletes. The results show that the luxury consumption motivations of the athletes have a strong role in their intention to purchase luxury products. The findings also offer novel managerial implications.</p><!--/ Abstract__block -->","PeriodicalId":48048,"journal":{"name":"Marketing Intelligence & Planning","volume":null,"pages":null},"PeriodicalIF":4.4,"publicationDate":"2024-04-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140603054","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Unveiling hidden patterns between managerial assumptions, international market orientation, and performance: an unexplored journey into Japanese SMEs 揭示管理假设、国际市场导向和绩效之间的隐藏模式:日本中小企业的未知之旅
IF 4.4 3区 管理学
Marketing Intelligence & Planning Pub Date : 2024-03-28 DOI: 10.1108/mip-08-2023-0430
Allam Abu Farha, Said Elbanna, Osama Sam Al-kwifi, Satoko Uenishi
{"title":"Unveiling hidden patterns between managerial assumptions, international market orientation, and performance: an unexplored journey into Japanese SMEs","authors":"Allam Abu Farha, Said Elbanna, Osama Sam Al-kwifi, Satoko Uenishi","doi":"10.1108/mip-08-2023-0430","DOIUrl":"https://doi.org/10.1108/mip-08-2023-0430","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>This study seeks to investigate how managerial assumptions shape international market orientation (IMO) and how IMO, in turn, affects the performance of small and medium-sized enterprises (SMEs), drawing from cognitive theory and the resource-based view (RBV) to provide the theoretical framework.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>The study focuses on the relatively unexplored domain of small and medium-sized enterprises (SMEs) in Japan. A survey was developed and tested using data from 303 Japanese SMEs. The study model was subsequently analyzed using the partial least squares (PLS) technique.</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>The study reveals a nuanced relationship between managerial frames of reference (FoRs) and IMOs. The results confirmed notable congruence between interfunctional market orientation and managers who exhibit a political FoR. They also revealed a positive correlation between professional FoR managers and customer market orientation. Additionally, the findings showed that entrepreneurial FoR managers displayed a significant association with competitive market orientation and Bureaucratic FoR matched with the three types of IMO. Finally, the results indicate that all three forms of IMO have a substantial impact on performance, albeit to varying degrees.</p><!--/ Abstract__block -->\u0000<h3>Research limitations/implications</h3>\u0000<p>The applicability of our results to multinational corporations (MNCs) has not been evaluated. Since the primary focus was to identify the types of associations among FoR and IMO, the causal pathways and explanatory factors that underpinned these observed relationships were not examined in this study. Additionally, due to the geographical concentration of our sample in Japan, we were unable to conduct tests on the suggested model in other countries to validate and potentially generalize the research findings.</p><!--/ Abstract__block -->\u0000<h3>Practical implications</h3>\u0000<p>By developing an implicit understanding of the market orientation fit within the organization’s FoR, managers can enhance their understanding of competitors' activities and enable them to respond with greater efficiency.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>To the authors’ knowledge, this is one of the rare papers that inspect the relationship between International market orientations and managerial assumptions as well as their effect on performance.</p><!--/ Abstract__block -->","PeriodicalId":48048,"journal":{"name":"Marketing Intelligence & Planning","volume":null,"pages":null},"PeriodicalIF":4.4,"publicationDate":"2024-03-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140322521","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Celebrity endorser scandal: a literature review and future research agenda 名人代言丑闻:文献综述与未来研究议程
IF 4.4 3区 管理学
Marketing Intelligence & Planning Pub Date : 2024-03-28 DOI: 10.1108/mip-03-2023-0121
Keshan (Sara) Wei
{"title":"Celebrity endorser scandal: a literature review and future research agenda","authors":"Keshan (Sara) Wei","doi":"10.1108/mip-03-2023-0121","DOIUrl":"https://doi.org/10.1108/mip-03-2023-0121","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>In recent years, negative spokesperson incidents have raised significant concerns in academia and industry. While several studies have addressed celebrity endorser scandals, comprehensive analyses of current knowledge are lacking. Therefore, this study systematically reviewed the related literature to better understand trends and suggest future research directions for advancing this field.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>This study employs the theory–context–characteristics–methodology (TCCM) framework to examine 76 articles on celebrity endorser scandals.</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>Utilizing the TCCM framework, this study presents a comprehensive research framework, revealing that (1) the celebrity endorser scandal effect primarily includes associative learning, attribution of responsibility, and moral reasoning; (2) entertainment celebrities and athletes have received significant research attention; (3) both individual- and relationship-level characteristics serve as crucial moderators, with focal brand and related brand being the primary outcome variables. Additionally, this study outlines enterprise response strategies, encompassing the reformation of existing spokesperson relationships and the establishment of future spokesperson connections; and (4) quantitative approaches dominate the field.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>This study integrates and expands existing research on celebrity endorser scandals while proposing future research opportunities to advance the field.</p><!--/ Abstract__block -->","PeriodicalId":48048,"journal":{"name":"Marketing Intelligence & Planning","volume":null,"pages":null},"PeriodicalIF":4.4,"publicationDate":"2024-03-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140322429","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Complement or substitute? A study of the impact of artificial intelligence on consumers’ resistance 补充还是替代?人工智能对消费者抵触情绪的影响研究
IF 4.4 3区 管理学
Marketing Intelligence & Planning Pub Date : 2024-03-27 DOI: 10.1108/mip-04-2023-0187
Yupeng Mou, Yixuan Gong, Zhihua Ding
{"title":"Complement or substitute? A study of the impact of artificial intelligence on consumers’ resistance","authors":"Yupeng Mou, Yixuan Gong, Zhihua Ding","doi":"10.1108/mip-04-2023-0187","DOIUrl":"https://doi.org/10.1108/mip-04-2023-0187","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>Artificial intelligence (AI) is experiencing growth and prosperity worldwide because of its convenience and other benefits. However, AI faces challenges related to consumer resistance. Thus, drawing on the user resistance theory, this study explores factors that influence consumers’ resistance to AI and suggests ways to mitigate this negative influence.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>This study tested four hypotheses across four studies by conducting lab experiments. Study 1 used a questionnaire to verify the hypothesis that AI’s “substitute” image leads to consumer resistance to AI; Study 2 focused on the role of perceived threat as an underlying driver of resistance to AI. Studies 3–4 provided process evidence by the way of a measured moderator, testing whether AI with servant communication style and literal language style is resisted less.</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>This study showed that AI’s “substitute” image increased users' resistance to AI. This occurs because the substitute image increases consumers’ perceived threat. The study also found that using servant communication and literal language styles in the interaction between AI and consumers can mitigate the negative effects of AI-substituted images.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>This study reveals the mechanism of action between AI image and consumers’ resistance and sheds light on how to choose appropriate image and expression styles for AI products, which is important for lowering consumer resistance to AI.</p><!--/ Abstract__block -->","PeriodicalId":48048,"journal":{"name":"Marketing Intelligence & Planning","volume":null,"pages":null},"PeriodicalIF":4.4,"publicationDate":"2024-03-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140323201","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
ChatGPT’s applications in marketing: a topic modeling approach ChatGPT 在市场营销中的应用:主题建模方法
IF 4.4 3区 管理学
Marketing Intelligence & Planning Pub Date : 2024-03-26 DOI: 10.1108/mip-10-2023-0526
Wondwesen Tafesse, Anders Wien
{"title":"ChatGPT’s applications in marketing: a topic modeling approach","authors":"Wondwesen Tafesse, Anders Wien","doi":"10.1108/mip-10-2023-0526","DOIUrl":"https://doi.org/10.1108/mip-10-2023-0526","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>ChatGPT is a versatile technology with practical use cases spanning many professional disciplines including marketing. Being a recent innovation, however, there is a lack of academic insight into its tangible applications in the marketing realm. To address this gap, the current study explores ChatGPT’s application in marketing by mining social media data. Additionally, the study employs the stages-of- growth model to assess the current state of ChatGPT’s adoption in marketing organizations.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>The study collected tweets related to ChatGPT and marketing using a web-scraping technique (<em>N</em> = 23,757). A topic model was trained on the tweet corpus using latent Dirichlet allocation to delineate ChatGPT’s major areas of applications in marketing.</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>The topic model produced seven latent topics that encapsulated ChatGPT’s major areas of applications in marketing including content marketing, digital marketing, search engine optimization, customer strategy, B2B marketing and prompt engineering. Further analyses reveal the popularity of and interest in these topics among marketing practitioners.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>The findings contribute to the literature by offering empirical evidence of ChatGPT’s applications in marketing. They demonstrate the core use cases of ChatGPT in marketing. Further, the study applies the stages-of-growth model to situate ChatGPT’s current state of adoption in marketing organizations and anticipate its future trajectory.</p><!--/ Abstract__block -->","PeriodicalId":48048,"journal":{"name":"Marketing Intelligence & Planning","volume":null,"pages":null},"PeriodicalIF":4.4,"publicationDate":"2024-03-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140302766","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Influence of website quality on online impulse buying behaviour: a systematic review of literature 网站质量对网上冲动购买行为的影响:文献系统回顾
IF 4.4 3区 管理学
Marketing Intelligence & Planning Pub Date : 2024-03-26 DOI: 10.1108/mip-05-2023-0241
Aastha Kathuria, Apurva Bakshi
{"title":"Influence of website quality on online impulse buying behaviour: a systematic review of literature","authors":"Aastha Kathuria, Apurva Bakshi","doi":"10.1108/mip-05-2023-0241","DOIUrl":"https://doi.org/10.1108/mip-05-2023-0241","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>Online impulsive purchasing is growing exponentially, and website-related factors play a substantial role in this phenomenon. This study provides a comprehensive and integrative framework encompassing a variety of website-related factors influencing impulsive purchase behaviour.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>The study is a systematic literature review, which includes literature search from two prominent databases. This article consolidates the results of 60 relevant research papers, and thematic analysis is performed on various website-related aspects classified into five research topics.</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>The different website qualities have been classified into broad themes and their role in online impulse buying has been explored. The antecedents, moderators, mediators, and outcomes are portrayed in an integrated research framework. Possible research gaps have been identified, and a future research agenda has been proposed, representing potential research areas.</p><!--/ Abstract__block -->\u0000<h3>Research limitations/implications</h3>\u0000<p>As we have included only studies published in the English language, this review may be limited by language bias. Relevant research published in other languages might have been excluded.</p><!--/ Abstract__block -->\u0000<h3>Practical implications</h3>\u0000<p>This literature review may provide management insights to marketers and practitioners managing online retail websites. To sustain an online business in the long term, it is critical for online retailers to have a thorough understanding of all conceivable website stimuli and develop them in a way that compels consumers to make impulsive purchases.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>This study represents an original contribution to the realm of systematic literature reviews. To the best of our knowledge, this is the first SLR that elaborately delineates the influence of website-related factors on online impulse buying behaviour.</p><!--/ Abstract__block -->","PeriodicalId":48048,"journal":{"name":"Marketing Intelligence & Planning","volume":null,"pages":null},"PeriodicalIF":4.4,"publicationDate":"2024-03-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140302768","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The impact of innovation orientation on strategic R&D amidst macroeconomic shocks – an event study approach 宏观经济冲击下创新导向对战略性研发的影响--一种事件研究方法
IF 4.4 3区 管理学
Marketing Intelligence & Planning Pub Date : 2024-03-26 DOI: 10.1108/mip-11-2023-0609
Pratik Modi, Vivek Pandey, Abhi Bhattacharya
{"title":"The impact of innovation orientation on strategic R&D amidst macroeconomic shocks – an event study approach","authors":"Pratik Modi, Vivek Pandey, Abhi Bhattacharya","doi":"10.1108/mip-11-2023-0609","DOIUrl":"https://doi.org/10.1108/mip-11-2023-0609","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>This research investigates the impact of strategic research and development (R&amp;D) (one led by a firm’s innovation orientation) on stock market performance during the economic disruption caused by the 2016 demonetization of high-value currency notes in India. It shows how firms’ strategic focus on innovation and integrated R&amp;D initiatives can help mitigate shareholders’ losses and protect market value during negative macroeconomic shocks.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>We analyzed financial and administrative data from firms listed in the Bombay Stock Exchange (BSE) 500 index and used the Fama French market model with appropriate instruments accounting for possible endogeneity to identify the impact. To ensure the reliability of our findings, we conducted robustness checks with alternate event windows, estimation methods, and variable measurements.</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>Strategic R&amp;D plays a crucial role in building resilience against macroeconomic shocks. It effectively mitigated shareholders’ losses in the immediate aftermath of the shock, with an elasticity of abnormal returns of 7.65% on day zero, 13.1% during the first five days and 10.5% after the first fortnight. We also find that firms that are business-to-business (B2B), as well as those that are older and less leveraged, are better able to combat such a shock.</p><!--/ Abstract__block -->\u0000<h3>Research limitations/implications</h3>\u0000<p>The study looked at one shock, namely demonetization. Future research is needed to demonstrate the generalizability of results during other macroeconomic shocks, like the COVID-19 pandemic. The study focuses on relatively near-term impacts, leaving the long-term value-creation effects of strategic R&amp;D unexplored.</p><!--/ Abstract__block -->\u0000<h3>Practical implications</h3>\u0000<p>Innovation orientation acts as a structural enabler, allowing firms to make strategic R&amp;D investments that mitigate losses during macroeconomic shocks. It explains that managers should avoid myopically managing R&amp;D investments and align them with the firm’s innovation focus to enhance value creation.</p><!--/ Abstract__block -->\u0000<h3>Social implications</h3>\u0000<p>While the currency demonetization was widely considered to be detrimental for firms as an unannounced negative monetary shock, our research shows that firms with high levels of strategic R&amp;D were successfully able to counteract such a shock.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>This is the first study to examine the short-term loss mitigation impact of firms’ focus on innovation and strategic R&amp;D. It emphasizes the role of innovation-focused strategies during economic crises.</p><!--/ Abstract__block -->","PeriodicalId":48048,"journal":{"name":"Marketing Intelligence & Planning","volume":null,"pages":null},"PeriodicalIF":4.4,"publicationDate":"2024-03-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140302819","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Augmented reality in marketing: a close look at the current landscape and future possibilities 增强现实技术在营销中的应用:近距离观察当前形势和未来可能性
IF 4.4 3区 管理学
Marketing Intelligence & Planning Pub Date : 2024-03-22 DOI: 10.1108/mip-04-2023-0180
Syed Javeed, Gowhar Rasool, Anjali Pathania
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