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Customer satisfaction, loyalty behaviors, and firm financial performance: what 40 years of research tells us

Vikas Mittal, Kyuhong Han (), Carly Frennea, Markus Blut, Muzeeb Shaik, Narendra Bosukonda and Shrihari Sridhar
Additional contact information
Vikas Mittal: Rice University
Kyuhong Han: Korea University
Carly Frennea: Nike Inc.
Markus Blut: Durham University
Muzeeb Shaik: Indiana University
Narendra Bosukonda: Texas A&M University
Shrihari Sridhar: Texas A&M University

Marketing Letters, 2023, vol. 34, issue 2, No 1, 187 pages

Abstract: Abstract The authors synthesize research on the relationship of customer satisfaction with customer- and firm-level outcomes using a meta-analysis based on 535 correlations from 245 articles representing a combined sample size of 1,160,982. The results show a positive association of customer satisfaction with customer-level outcomes (retention, WOM, spending, and price) and firm-level outcomes (product-market, accounting, and financial-market performance). A moderator analysis shows the association varies due to many contextual factors and measurement characteristics. The results have important theoretical and managerial implications.

Keywords: Customer satisfaction; Retention; Word of mouth; Financial performance; Meta-analysis (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (6)

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DOI: 10.1007/s11002-023-09671-w

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