Brand management efficiency and firm value: An integrated resource based and signalling theory perspective
Mahabubur Rahman (),
M. Ángeles Rodríguez-Serrano and
Mary Lambkin
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Mahabubur Rahman: ESC [Rennes] - ESC Rennes School of Business
M. Ángeles Rodríguez-Serrano: Universidad de Sevilla = University of Seville
Mary Lambkin: UCD - University College Dublin [Dublin]
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Abstract:
Brand managers in most markets use some types of marketing inputs such as advertising to build and manage their brands, with the objective of strengthening brand equity. Previous research has explored the link between some of these inputs and outputs, such as the link between advertising expenditure and brand equity, or between brand equity and firm performance. These studies typically provide a partial view of brand management performance in that they focus selectively on individual inputs and outputs, but not on all together. In contrast, this paper takes a holistic view, incorporating all brand management inputs and performance outputs, measured concurrently. A new concept called "brand management efficiency" is advanced to provide an integrated view of the link between brand management inputs and outputs. The study reported here investigates the impact of "brand management efficiency" on firm value in US-based B2B firms. It demonstrates that firms with a higher level of brand management efficiency have a higher firm value as measured by Tobin's q.
Keywords: Brand management efficiency; Firm value; Resource-based view; Signalling theory (search for similar items in EconPapers)
Date: 2018-07
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Citations: View citations in EconPapers (15)
Published in Industrial Marketing Management, 2018, 72, pp.112-126. ⟨10.1016/j.indmarman.2018.04.007⟩
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01992555
DOI: 10.1016/j.indmarman.2018.04.007
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