2019
DOI: 10.1080/1331677x.2019.1661002
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Effects of celebrity endorsement on firms’ competition: from industrial organisation perspective

Abstract: Product endorsement is employed by many firms and most studies have proceeded based on management perspectives and ignored the strategic effects (or indirect effects). However, as a non-price competition, product endorsement behaviour's strategic effects are valuable to be considered and convenient to be captured by industrial organisation perspective. So, this paper's purpose is to reveal the strategic effects of product endorsement by industrial organisation perspective. First, the results of this paper show… Show more

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Cited by 6 publications
(5 citation statements)
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“…According to Winterich, Gangwar, & Grewal, (2018) evidences show that the effects of celebrity endorsements vary across countries and cultures. Modern product endorsements can come with contracts worth substantial amounts of money (Wang, Chen, Nie & Wang, 2019). Given the high costs involved in hiring celebrity endorsers, it is imperative for marketing and advertising managers to establish a link between endorser qualities and endorsed brand equity to justify the funds allocated to celebrity advertising (Dwivedi, Johnson and McDonald 2015).…”
Section: Celebrity Endorsementmentioning
confidence: 99%
See 1 more Smart Citation
“…According to Winterich, Gangwar, & Grewal, (2018) evidences show that the effects of celebrity endorsements vary across countries and cultures. Modern product endorsements can come with contracts worth substantial amounts of money (Wang, Chen, Nie & Wang, 2019). Given the high costs involved in hiring celebrity endorsers, it is imperative for marketing and advertising managers to establish a link between endorser qualities and endorsed brand equity to justify the funds allocated to celebrity advertising (Dwivedi, Johnson and McDonald 2015).…”
Section: Celebrity Endorsementmentioning
confidence: 99%
“…Many sport stars agree to participate in product endorsement campaigns with the understanding that the company will compensate them for the trouble; some stars donate the proceeds to charities they support, using product endorsement as a public relations campaign (Wang, Chen, Nie & Wang, 2019). Expenditures on celebrity endorsements are no exception.…”
Section: Celebrity Endorsementmentioning
confidence: 99%
“…This marketing technique is used to attract the attention of children in particular (as they have a very short attention span) through various types of catchy sound effects, loud music and VFX (Chan Wang 2019).…”
Section: Audiovisual Attention -Getting Elementsmentioning
confidence: 99%
“…It is one of the most frequently used marketing techniques, because celebrities have a large number of fans and their display on the product creates a feeling of familiarity and trust, which leads to purchase. Studies which are based on management reveal that celebrity endorsement promotes loyalty, purchase willingness and consumption promoting effects, which are the direct influence of endorsement (Chan Wang 2019).…”
Section: Audiovisual Attention -Getting Elementsmentioning
confidence: 99%
“…Thus, their display on the product creates a feeling of familiarity and trust, which leads to purchase. Studies resting on management reveal that celebrity endorsement promotes loyalty, purchase willingness, and consumption encouraging effects, which directly influence endorsement (Wang et al, 2019). Premium products: Toys or products offered for free and the purchased product are mainly used to entice children to buy them.…”
mentioning
confidence: 99%