Full-text resources of CEJSH and other databases are now available in the new Library of Science.
Visit https://bibliotekanauki.pl

PL EN


2014 | 8 | 2 | 42-52

Article title

The Impact of Corporate Reputation and Information Sharing on Value Creation for Organizational Customers

Title variants

Languages of publication

EN

Abstracts

EN
The importance of corporate communication to build, protect and maintain corporate reputation has been advocated in numerous publications in recent years. The main goal of this paper is to provide an understanding of the impact of corporate reputation and information sharing on value creation. Both reputation and information sharing represent signals that customers observe in the process of value creation, which is seen as the end focus for corporate marketing. The paper draws on signaling theory and corporate marketing literature from the European and American schools of thought. The empirical test of the hypothesized model focuses on the banking industry. Organizational customers from a South East European country shared their views about banks they currently cooperate with. The research instrument contained multi-item scales adapted from the existing literature. An analysis using structural equation modeling confirmed that corporate reputation positively and significantly influences customer perceived value. The effect of information sharing on customer perceived value is not direct but mediated by corporate reputation. This finding contributes to the existing discussion on the role of corporate reputation and communication as antecedents in the process of value creation.

Publisher

Year

Volume

8

Issue

2

Pages

42-52

Physical description

Dates

published
2014-11-01
online
2014-11-20

Contributors

author
  • Marketing Department, Faculty of Economics Ljubljana
  • Senior Teaching Assistant Marketing Department, School of Economics and Business Sarajevo

References

  • Anderson, J. C. and Gerbing, D. W. 1988. Structural equation modeling in practice: A review and recommended two-step approach. Psychological Bulletin 103 (3): 411-423.[Crossref]
  • Argenti, P. A., Howell, R. A. and Beck. K.A. 2005. The strategic communication imperative. MIT Sloan Management Review 46(3): 83-87.
  • Bagozzi, R. P. and Phillips, L. W. 1982. Representing and Testing Organizational Theories: A Holistic Construal. Administrative Science Quarterly 27(September): 459-489.[Crossref]
  • Balmer, J. M.T. 1998. Corporate identity and the advent of corporate marketing. Journal of Marketing Management 14(8): 963-996.[Crossref]
  • Balmer, J. M.T. 2006. Comprehending corporate marketing and the corporate marketing mix. Working Paper Series, working paper 06/08. Bradfort School of Management. Bradford: University of Bradford.
  • Balmer, J. M.T. and Greyser, S. A. 2006. Corporate marketing: integrating corporate identity, corporate branding, corporate communications, corporate image and corporate reputation. European Journal of Marketing 40(7/8): 730-741.[Crossref]
  • Balmer, J. M.T. 2009.Corporate marketing: apocalypse, advent and epiphany. Management Decision 47(4): 544-572.[Crossref]
  • Balmer, J. M.T. 2011. Corporate marketing myopia and the inexorable rise of a corporate marketing logic: Perspectives from identity-based views of the firm. European Journal of Marketing 45(9/10): 1329-1352.[Crossref]
  • Banerjee, D. S., & Gaston, N. (2004). Labour market signalling and job turnover revisited. Labour Economics, 11(5), 599-622.[Crossref]
  • Bartikowski, B., & Walsh, G. (2011). Investigating mediators between corporate reputation and customer citizenship behaviors. Journal of Business Research, 64(1), 39-44. doi:10.1016/j. jbusres.2009.09.018[Crossref]
  • Baron, R. M., and Kenny, D. A. 1986. The moderator-mediator variable distinction in social psychological research: Conceptual, strategic and statistical considerations. Journal of Personality and Social Psychology, 51: 1173-1182.[Crossref][PubMed]
  • Bengtsson, A. and Servais, P. 2005. Co-branding on industrial markets. Industrial Marketing Management 34(7): 706-713.[Crossref]
  • Bollen, K. A.1989. Structural equations with latent variables. New York: John Wiley & Sons.
  • Bourdieu, P. (1985). The forms of capital. In J.G. richardson (Ed.), Handbook of Theory and Research of for the Sociology of Education (p.p. 241-258). New York: Greenwood.
  • Cannon, J. P. and Homburg, C. 2001. Buyer-Supplier Relationship and Customer Firm Costs. Journal of Marketing, 65(1): 29-43.[Crossref]
  • Cannon, J. P. and Perreault, W. D. Jr. 1999. Buyer-seller relationships in business markets. Journal of Marketing Research 36(November): 439-460.[Crossref]
  • Centralna banka Bosne i Hercegovine. 2011. Godišnji izvještaj 2011. [Annual report 2011]. Sarajevo: Centralna banka Bosne i Hercegovine.
  • Chi, H. K., Yeh, H.R. and Jang. B.F. 2008. The Effects of Service Quality, Customer Perceived Value, Customer Satisfaction on Behavioral Intentions: A Study of Mobile Value-Added Services in Taiwan. The Business Review, Cambridge, 10(2008): 129-136.
  • Christensen, L. T. and Cornelissen, J. 2010. Bridging Corporate and Organizational Communication: Review, Development and a Look to the Future. Management Communication Quarterly, 25 (2010): 383-414
  • Deephouse, D. L. 2000. Media reputation as a strategic resource: An integration of mass communication and resource-based theories. Journal of Management 26(6): 1091-1112.[Crossref]
  • Deloitte. n.d.. Vodeće banke i osiguravatelji u Adria regiji [Leading banks and insurances in Adria region]. Retreived February 6, 2013, from http://www.deloitte.com/view/hr_HR/hr/industrije/financijskaindustrija/problematikaitrendovi/3e8c6237c53f0 310VgnVCM3000001c56f00aRCRD.htm.
  • Donaldson, T. and Preston, L. E. 1995. The Stakeholder Theory of the Corporation: Concepts, Evidence, and Implications. Academy of Management Review, 20: 65-91.
  • Eggert, A. and Ulaga, W. 2002. Customer Perceived Value: a Substitute for Satisfaction in Business Markets. Journal of Business & Industrial Marketing 17(2/3): 107-118.[Crossref]
  • Fombrun, C. J. 1996. Reputation: Realizing Value from the Corporate Image. Boston: Harvard Business School Press.
  • Fombrun, C.J. and Van Riel, C.B.M. 1997. The Reputational Landscape. Corporate Reputation Review 1(1/2): 5-13.
  • Fornell, C., Johnson, M.D., Anderson, E.W., Cha, J. and Everitt Bryant, B. 1996. The American customer satisfaction index: nature, purpose and findings. Journal of Marketing 60(4): 7-18.[Crossref]
  • Freeman, R. E. 1984. Strategic management: a stakeholder approach. Boston: Ptiman.
  • Frow, P. and Payne, A. 2011. A Stakeholder Perspective of the Value Proposition Concept. European Journal of Marketing, 45(1/2): 223-240.[Crossref]
  • Gray, E. R. and Balmer, J. M. T. 1998. Managing Corporate Image and Corporate Reputation. Long Range Planning, 31(5): 695-702.[Crossref]
  • Gummesson, E. 2008. Extending the Service-dominant Logic: From Customer Centricity to Balanced Centricity. Journal of the Academy of Marketing Science, 36(2008): 15-17.[Crossref]
  • Hansen, H., Samuelsen, B.M. and Silseth, P.R.. 2008. Customer Perceived Value in B-t-B Service Relationships: Investigating the Importance of Corporate Reputation. Industrial Marketing Management, 37: 206-217.[Crossref]
  • Helm, S. 2007. The Role of Corporate Reputation in Determining Investor Satisfaction and Loyalty. Corporate Reputation Review, 10(1): 22-37.
  • Helm, S. and Salminen, R.T.. 2010. Basking in Reflected Glory: Using Customer Reference Relationships to Build Reputation in Industrial Markets. Industrial Marketing Management, 39(5): 737-743.[Crossref]
  • Holmbeck, G. N. 1997. Toward terminological, conceptual, and statistical clarity in the study of mediators and moderators: examples from the child-clinical and pediatric psychology literatures. Journal of consulting and clinical psychology, 65(4): 599-610.
  • Holbrook, M. B. 1994. The nature of customer value. In: Rust RT, Oliver R (eds) Service quality: new directions in theory and practice. London: Sage Publications.
  • Hypo Alpe Adria bank. 2011. Godišnje izvješće 2011. [Annual report 2011]. Mostar: Hypo Alpe Adria bank.
  • Ippolito, P. M. 1990. Bonding and Nonbonding Signals of Product Quality. The Journal of Business, 63(1): 41-60.[Crossref]
  • Jonsson, S. and Lindbergh, J. 2010. The Impact of Institutional Impediments and Information and Knowledge Exchange on SMEs’ Investments in International Business Relationships. International Business Review 19(6): 548-561.[Crossref]
  • Keh, H. T. and Xie, Y. 2009. Corporate Reputation and Customer Behavioral Intentions: The Roles of Trust, Identification and Commitment. Industrial Marketing Management 38(2009): 732-742.[Crossref]
  • Kirmani, A. and Rao, A.R. 2000. No Pain, No Gain: A Critical Review of the Literature on Signaling Unobservable Product Quality, Journal of Marketing, 64(April): 66-79.[Crossref]
  • Kolekofski, K. Jr and Heminger, A.R.E. 2003. Beliefs and Attitudes Affecting Intentions to Share Information in an Organizational Setting, Information & Management 40: 521-532.
  • Krause, D. R. 1999. The antecedents of buying firms’ efforts to improve suppliers. Journal of Operations Management 17(2): 205-224.[Crossref]
  • La, V. Q., Patterson, P.G. and Styles, C.W. 2005. ISBM Report 17-2005: Client Perceived Value in Professional B2B Services - An International Perspective in Developing Economies.Institute for the Study of Business Markets The Pennsylvania State University.
  • Lapierre, J. 2000. Customer-perceived Value in Industrial Contexts. Journal of Business & Industrial Marketing 15(2/3): 122-140.[Crossref]
  • Lee, H. L., So, K.S. and Tang, C.S. 2000. The value of information sharing in a two-level supply chain. Management Science 46(5): 626-643.[Crossref]
  • Lin, C.H., Sher, P.J. and Shih, H.Y. 2005. Past Progress and Future Directions in Conceptualizing Customer Perceived Value. International Journal of Service Management 16(3/4): 318-336.
  • Lusch, R. F., Vargo, S.L. and Malter, A.J. 2006. Marketing as Service- Exchange: Taking a Leadership Role in Global Marketing Management. Organizational Dynamics, 35(3): 264-278.[Crossref]
  • Noordewier, T.G., John, G. and Nevin, J.R. 1990. Performance outcomes of purchasing arrangements in industrial buyer-vendor relationships. The Journal of Marketing 54(4): 80-93.[Crossref]
  • Podsakoff, P. M. and Organ, D.W.. 1986.Self-reports in organizational research: Problems and prospects. Journal of Management 12(4): 531-544.[Crossref]
  • Powell, S. M. 2011. The Nexus between Ethical Corporate Marketing, Ethical Corporate Identity and Corporate Social Responsibility: An Internal Organisational Perspective. European Journal of Marketing, 45(2011): 1365-1379.
  • Raiffeisen bank dd. 2011. Godišnji izvještaj 2011 [Annual report 2011]. Sarajevo: Raiffeisen bank dd.
  • Roig, J. C. F., Garcia, J.S. Moliner Tena, M.A. and Monzonis, J.L. 2006. Customer perceived value in banking services. International Journal of Bank Marketing 24(5): 266-283.
  • Selnes, F. 1993. An examination of the effect of product performance on brand reputation, satisfaction and loyalty. European Journal of Marketing, 27(9): 19−35.[Crossref]
  • Shamma, H. M. and Hassan, S.S. 2009. Customer and Non-customer Perspectives for Examining Corporate Reputation. Journal of Product & Brand Management 18(5): 326-337.
  • Sheehan, N. T. and Stabell, C.B. 2010. Reputation as a Driver in Activity Level Analysis: Reputation and Competitive Advantage in Knowledge Intensive Firms. Corporate Reputation Review 13(2010): 198-208.
  • Shelby, A.N. 1993. Organizational, business, management, and corporate communication: An analysis of boundaries and relationships. Journal of Business Communication 30: 241-267.[Crossref]
  • Sobel, M. E. 1982. Asymptotic confidence intervals for indirect effects in structural equation models. In S. Leinhardt (Ed.), Sociological Methodology 1982 (pp. 290-312). Washington DC: American Sociological Association.
  • Spence, M. 1973. Job marketing signaling. Quarterly Journal of Economics 87(3): 355-374.[Crossref]
  • Spence, M. 2002. Signaling in Retrospect and the Informational Structure of Markets. The American Economic Review, 92: 434-459. Stahl, H. K., Matzler, K. and Hinterhuber, H.H. 2003. Linking Customer Lifetime Value with Shareholder Value. Industrial Marketing Management 32(4): 267-279.
  • Tai, Y.M. and Ho, C.F. 2010.Effects of Information Sharing on Customer Relationship Intention. Industrial Management & Data Systems 110(9): 1385-1401.[Crossref]
  • Tai, Y.M. 2011. Perceived Value for Customers in Information Sharing Services. Industrial Management & Data Systems 111(4): 551-569.[Crossref]
  • Tellefsen, T. and Thomas, G.P. 2005. The antecedents and consequences of organizational and personal commitment in business service relationships. Industrial Marketing Management 34: 23-37.[Crossref]
  • Tiedemann, N., Van Birgele, M. and Semeijn, J. 2009. Increasing Hotel Responsiveness to Customers through Information Sharing. Tourism Review 64(4): 12-26.[Crossref]
  • UniCredit bank dd. 2011. Godišnje izvješće za 2011. godinu [Annual report for year 2011]. Mostar: UniCredit bank dd.
  • Van Riel, C. B.M. 1995. Corporate Communication. New York: Prentice Hall.
  • Vargo, S. L. and Lusch, R.F. 2004. Evolving to a New Dominant Logic.Journal of Marketing 68(2004): 1-17.[Crossref]
  • Vargo, S. L. and Lusch, R.F. 2007. Service-dominant Logic: Continuing the Evolution. Journal of the Academy of Marketing Science 36(1): 1-10.
  • Vermaelen, T. 1981. Common stock repurchases and market signalling: An empirical study. Journal of Financial Economics, 9(2): 139-183.[Crossref]
  • Walker, K. 2010. A Systematic Review of the Corporate Reputation Literature: Definition, Measurement, and Theory. Corporate Reputation Review 12(4): 357-387.
  • Wernerfelt, B. 1988. Umbrella branding as a signal of new product quality: an example of signalling by posting a bond. The RAND Journal of Economics 19(3): 458-466.[Crossref]
  • Wiedmann, K.P. and Buxel, H. 2005. Corporate reputation management in Germany: results of an empirical study. Corporate Reputation Review 8(2): 145-163.
  • Zaheer, A., McEvily, B., & Perrone, V. 1998. Does trust matter? Exploring the effects of interorganizational and interpersonal trust on performance. Organization Science, 9(2): 141-159.[Crossref]
  • Zeithaml, V. A. 1988. Consumer Perceptions of Price, Quality, and Value: a Means-end Model and Synthesis of Evidence. The Journal of Marketing 52: 2-22. [Crossref]

Document Type

Publication order reference

Identifiers

YADDA identifier

bwmeta1.element.doi-10_2478_jeb-2013-0009
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.