The Impact of CSR, Credibility and Reputation on Corporate Brand Equity: A Study with Structural Equation Modeling / O Impacto da RSC, Credibilidade e Reputação no Valor da Marca Corporativa: Um Estudo com Modelagem de Equações Estruturais

Paulo Henrique Ceciliano, Antônio Carlos Magalhães da Silva, Paulo Roberto da Costa Vieira

Resumo


The strengthening of corporate social responsibility (CSR) plays a relevant role in corporate marketing, as a strategic variable that, when properly managed, can enable growth of market share. This study investigates the various causal relations among CSR, corporate brand credibility (CBC), corporate reputation (CR) and corporate brand equity (CBE). The data were gathered from a survey with a self-administered structured questionnaire with five responses, scored on a Likert scale. The sample was composed of 310 customers of a large Brazilian oil and gas company. The data were treated with structural equation modeling. The results indicate that CSR exerts direct and indirect effects on CBE. The paper suggest that higher investment in social well-being is important strategically to increase the brand equity.

 

Keywords: Corporate Social Responsibility. Corporate Brand Credibility. Corporate Reputation. Corporate Brand Equity. Structural Equation Modeling.

 

RESUMO

 

O fortalecimento da responsabilidade social corporativa (RSC) desempenha um papel relevante no marketing corporativo, como uma variável estratégica que, quando bem administrada, possibilita o crescimento da participação no mercado. Este estudo investiga as várias relações causais entre RSC, credibilidade da marca corporativa, reputação corporativa e valor da marca corporativa. Os dados foram coletados a partir de uma pesquisa com questionário estruturado autoadministrado com cinco respostas, pontuadas em escala Likert. A amostra foi composta por 310 clientes de uma grande empresa brasileira de óleo e gás. Os dados foram tratados com modelagem de equações estruturais. Os resultados indicam que a RSC exerce efeitos diretos e indiretos sobre o valor da marca corporativa. O artigo sugere que um maior investimento no bem-estar social é importante estrategicamente para aumentar o valor da marca.

 

Palavras-chave: Responsabilidade Social Corporativa. Credibilidade da Marca Corporativa. Reputação Corporativa. Valor da Marca Corporativa. Modelagem de Equações Estruturais.

 

 

 

 

 

 


Referências


Aaker, D. A. & Joachimsthaler, E. (2000) Brand Leadership. New York: The Free Press.

Ambler, T. (1997). How much of brand equity is explained by trust? Management Decision, 35(3/4), 283–292.

Anani-Bossman, A. A. (2020). Role of Public Relations in Corporate Reputation Management: A Study of PR Practitioners in Selected Multinational Organisations in Ghana. Corporate Reputation Review, 1-12.

Aksak, E.O., Ferguson, M.A., & Duman, S.A. (2016). Corporate social responsibility and CSR fit as predictors of corporate reputation: a global perspective. Public Relations Review, 42(1), 79-81.

Babin, B. J., Hair, J. F., & Boles, J. S. (2008). Publishing research in marketing journals using structural equation modeling. Journalof Marketing Theory and Practice, 16(4), 279-286.

Bharadwaj, S. G., Varadarajan, P. R., & Fahy, J. (1993). Sustainable competitive advantage in service industries: A conceptual model and research propositions. Journal of Marketing, 57(4), 83–99.

Bhattacharya, R., Devinney, T. M., & Pillutla, M. M. (1998). A Formal Model of Trust Based on Outcomes. Academy of Management Review, 23(3), 459–472.

Bhattacharya, C. B., & Sen, S. (2003). Consumer-Company Identification: A Framework for Understanding Consumers’ Relationships with Companies. Journal of Marketing, 67(2), 76–88.

Bhattacharya, C. B., & Sen, S. (2004). Doing Better at Doing Good: When, Why, and How Consumers Respond to Corporate Social Initiatives. California Management Review, 47(1), 9–24.

Barnett, M. L. (2007). Stakeholder influence capacity and the variability of financial returns to corporate social responsibility. Academy of Management Review, 32(3), 794-816.

Bianchi, E., Bruno, J. M., & Sarabia-Sanchez, F. J. (2019). The impact of perceived CSR on corporate reputation and purchase intention. European Journal of Management and Business Economics. Vol. 28 No. 3, pp. 206-221

Bowen, H. R.: (1953). Social Responsibilities of the Businessman. NewYork: Harper & Row.

Bouglet, J., Joffre, O. and Simon, E. (2012), "How to reconcile business with sustainable development: an innovation approach". Society and Business Review, Vol. 7 No. 3, pp. 212-222.

Byrne, B. M. (2010). Structural equation modeling with AMOS: basic concepts, applications, and programming (multivariate applications series). New York: Taylor & Francis Group.

Branco, M. C., & Rodrigues, L. L. (2006). Corporate Social Responsibility and Resource-Based Perspectives. Journal of Business Ethics, 69(2), 111-132.

Borges, M. L., Anholon, R., Cooper Ordoñez, R. E., Quelhas, O. L. G., Santa-Eulalia, L. A., & Leal Filho, W. (2018). Corporate Social Responsibility (CSR) practices developed by Brazilian companies: an exploratory study. International Journal of Sustainable Development & World Ecology, 25(6), 509-517.

Carroll, A. B. (1979). A three-dimensional conceptual model of corporate performance. Academy of Management Review,4(4), 497-505.

Castaldo, S., Perrini, F., Misani, N., & Tencati, A. (2009). The missing link between Corporate Social Responsibility and Consumer Trust: the case of fair trade products. Journal of Business Ethics, 84(1), 1-15.

Chaudhuri, A. (2002). How Brand Reputation Affects the Advertising-Brand Equity Link. Journal of Advertising Research, 42(3), 33–43.

Cornelissen, J. P. (2011). Corporate communication: a guide to theory and practice (3rd ed.). London: Sage.

Cowan, K., & Guzman, F. (2020). How CSR reputation, sustainability signals, and country-of-origin sustainability reputation contribute to corporate brand performance: An exploratory study. Journal of business research, 117, 683-693.

Du, S., Bhattacharya, C. B., & Sen, S. (2010). Maximizing Business Returns to Corporate Social Responsibility (CSR): The Role of CSR Communication. International Journal of Management Reviews, 12(1), 8–19.

Eells, R., & Walton, C. (1974). Conceptual foundations of business.(3rd ed.).Illinois: Irwin.

Ellen, P. S., Webb, D. J., & Mohr, L. A. (2006). Building corporate associations: consumer attributions for corporate socially responsible programs. Academy of Marketing Science Journal, 34(2): 147-157.

Elkington, J. (1998). Partnerships from cannibals with forks: the triple bottom line of 21st‐century business. Environmental Quality Management, 8(1), 37-51.

Erdem, T., & Swait, J. (1998), Brand equity as a signaling phenomenon. Journal of Consumer Psychology, 7(2), 131-157.

Erdem, T., Swait, J., & Valenzuela, A. (2006). Brands as signals: a cross-country validation Study. Journal of Marketing, 70(1), 34-49.

Fatma, M., Rahman, Z., & Khan, I. (2015). Building company reputation and brand equity through CSR: the mediating role of trust. International Journal of Bank Marketing, 33(6), 840-856.

Fombrun C., & Shanley, M. (1990). What’s in a name? Reputation building and corporate strategy. Academy of Management Journal, 33(2), 233-258.

Fombrun, Charles J. (1996). Reputation. Boston: Harvard Business School Press.

Galbreath, J. (2005). Which resources matter the most to firm success? An exploratory study of resource-based theory. Technovation, 25(9), 979–987.

Godfrey, P. C. (2005). The Relationship Between Corporate Philanthropy And Shareholder Wealth: A Risk Management Perspective. Academy of Management Review, 30(4), 777–798.

Goldsmith, R. E., Lafferty, B. A., & Newell, S. J. (2000). The influence of corporate credibility on consumer attitudes and purchase intent. Corporate Reputation Review, 3(4), 304-318.

Gray, R., (2000). Current developments and trends in social and environmental auditing, reporting and attestation: a review and comment. International Journal of Auditing, 4(3), 247-268.

Hair, J. F., Black, W. C., Babin, B. J., Anderson, R. E., & Tatham, R. L. (2009). Análise multivariada de dados. São Paulo: Bookman Editora.

Hair Jr, J. F., Gabriel, M. L. D. D. S., & Patel, V. K. (2014). Modelagem de equações estruturais baseada em covariância (CB-SEM) com o AMOS: orientações sobre a sua aplicação como uma ferramenta de pesquisa de marketing. Revista Brasileira de Marketing, 13(2), 44-55.

Hasan, R., & Yun, T. M. (2017). Theoretical link age between corporate social responsibility and corporate reputation. Indonesian Journal of Sustainability Accounting and Management, 1(2), 80-89.

Herbig, Paul, & Milewicz, J. (1995).The relationship of reputation and credibility to brand success. Journal of Consumer Marketing, 12(4), 5±10.

Heinberg, M., Ozkaya, H. E., & Taube, M. (2018). Do corporate image and reputation drive brand equity in India and China?-Similarities and differences. Journal of Business Research, 86, 259-268.

Holt, D. B., Quelch, J. A., & Taylor, E. L. (2004). How global brands compete. Harvard Business Review, 82(9), 68-75.

Hsu, K.-T. (2012). The Advertising Effects of Corporate Social Responsibility on Corporate Reputation and Brand Equity: Evidence from the Life Insurance Industry in Taiwan. Journal of Business Ethics, 109(2), 189–201.

Hu, B., Liu, J., & Qu, H. (2019). The employee-focused outcomes of CSR participation: The mediating role of psychological needs satisfaction. Journal of Hospitality and Tourism Management, 41, 129-137.

Hur, W. M., Kim, H., & Woo, J. (2014). How CSR leads to corporate brand equity: mediating mechanisms of corporate brand credibility and reputation. Journal of Business Ethics, 125(1), 75-86.

Hur, W. M., Moon, T. W., & Kim, H. (2020). When and how does customer engagement in CSR initiatives lead to greater CSR participation? The role of CSR credibility and customer–company identification. Corporate Social Responsibility and Environmental Management, 27(4), 1878-1891.

Iglesias, O., Markovic, S., Singh, J. J., & Sierra, V. (2019). Do customer perceptions of corporate services brand ethicality improve brand equity? Considering the roles of brand heritage, brand image, and recognition benefits. Journal of Business Ethics, 154(2), 441-459.

Jahanzeb, S., Fatima, T., & Butt, M. M. (2013). How service quality influences brand equity. International Journal of Bank Marketing, 31(2), 126-141.

Jones, M.T. (1996). Missing the forest for the trees: a critique of the social responsibility concept and discourse. Business & Society, 35(1), 7-41.

Jones, R. (2005). Finding sources of brand equity: Developing a stakeholder model of brand equity. Journal of Brand Management, 13(1), 10–32.

Key, J. (1995). Foundations of corporate success: how business strategies add value. Oxford: Oxford University Press.

Kim, S. (2019). The process model of corporate social responsibility (CSR) communication: CSR communication and its relationship with consumers’ CSR knowledge, trust, and corporate reputation perception. Journal of business ethics, 154(4), 1143-1159.

Kowalczyk, R., & Kucharska, W. (2020). Corporate social responsibility practices incomes and outcomes: Stakeholders' pressure, culture, employee commitment, corporate reputation, and brand performance. A Polish–German cross‐country study. Corporate Social Responsibility and Environmental Management, 27(2), 595-615.

Lafferty, B. & Goldsmith, R.E. (1999). Corporate credibility's role in consumers' attitudes and purchase intentions when a high versus a low credibility endorser is used in the ad. Journal of Business Research, 44 (February), 109±116.

Lai, C.S., Chiu, C.J., Yang, C.F., & Pai, D.C. (2010). The effects of corporate social responsibility on brand performance: the mediating effect of industrial brand equity and corporate reputation. Journal of Business Ethics, 95(3), 457-469.

Lane, V., & Jacobson, R. (1995). Stock market reactions to brand extension announcements: The effects of brand attitude and familiarity. Journal of Marketing, 59(1), 63–77.

Lange, D., Lee, P. M., & Dai, Y. (2010). Organizational Reputation: A Review. Journal of Management, 37(1), 153–184.

Lee, K.H., & Shin, D. (2010). Consumers’ responses to CSR activities: the link age between increased awareness and purchase intention. Public Relations Review, 36(2), 193-195.

Lee, S. Y., Zhang, W., & Abitbol, A. (2019). What makes CSR communication lead to CSR participation? Testing the mediating effects of CSR associations, CSR credibility, and organization–public relationships. Journal of Business Ethics, 157(2), 413-429.

Leotti, V. B., Coster, R., & Riboldi, J. (2012). Normalidade de variáveis: métodos de verificação e comparação de alguns testes não-paramétricos por simulação. Revista HCPA, 32(2), 227-234.

Lock, I., & Seele, P. (2017). Measuring credibility perceptions in CSR communication: a scale development to test readers’ perceived credibility of CSR reports. Management Communication Quarterly, 31(4), 584-613.

Martínez-Ferrero, J., Garcia-Sanchez, I. M., & Cuadrado-Ballesteros, B. (2013). Effect of Financial Reporting Quality on Sustainability Information Disclosure. Corporate Social Responsibility and Environmental Management, 22(1), 45–64.

McWilliams, A., & Siegel, D. (2001). Corporate Social Responsibility: a Theory of the Firm Perspective. Academy of Management Review, 26(1), 117–127.

McWilliams, A., Siegel, D. S., & Wright, P. M. (2006). Corporate Social Responsibility: Strategic Implications. Journal of Management Studies, 43(1), 1–18.

Melo, T., & Garrido-Morgado, A. (2012). Corporate Reputation: A Combination of Social Responsibility and Industry. Corporate Social Responsibility and Environmental Management, 19(1), 11–31.

Mohr, L.A., Webb, D.J., & Harris, K.E. (2001). Do consumers expect companies to be socially responsible? The impact of corporate social responsibility on buying behavior. Journal of Consumer Affairs, 35(1), 45-72.

Myers, C. A. (2003). Managing brand equity: a look at the impact of attributes. Journal of Product and Brand Management, 12(1), 39-51.

Nadanyiova, M., & Gajanova, L. (2020). The impact of Corporate Social Responsibility on brand loyalty in the process of globalization. In SHS Web of Conferences (v. 74, p. 04017). EDP Sciences.

Newell, S. J., & Goldsmith, R. E. (2001). The development of a scale to measure perceived corporate credibility. Journal of Business Research, 52(3), 235–247.

Öberseder, M., Schlegelmilch, B. B., & Murphy, P. E. (2013). CSR practices and consumer perceptions. Journal of Business Research, 66(10), 1839-1851.

Odriozola, M. D., & Baraibar‐Diez, E. (2017). Is corporate reputation associated with quality of CSR reporting? Evidence from Spain. Corporate Social Responsibility and Environmental Management, 24(2), 121-132.

Orlitzky, M., Schmidt, F. L., & Rynes, S. L. (2003). Corporate Social and Financial Performance: A Meta-Analysis. Organization Studies, 24(3), 403–441.

Park, J., Lee, H., & Kim, C. (2014). Corporate Social Responsibilities, consumer trust and corporate reputation: South Korean consumers’ perspectives. Journalof Business Research, 67(3), 295-302.

Pavlik, M. (2010). Social responsibility of the organization. City: Prague.

Pirsch, J., Gupta, S., & Grau, S.L. (2007), A framework for understanding corporate social responsibility programs as a continuum: an exploratory study, Journal of Business Ethics. 70(2), 125-140.

Pivato, S., Misani, N., & Tencati, A. (2008). The impact of corporate social responsibility on consumer trust: the case of organic food. Business Ethics: A European Review, 17(1), 3–12.

Podnar, K., & Golob, U. (2017). The quest for the corporate reputation definition: Lessons from the interconnection model of identity, image, and reputation. Corporate Reputation Review, 20(3), 186-192.

Porter, M. E., & Kramer, M. R. (2006). The link between competitive advantage and corporate social responsibility. Harvard Business Review,84(12), 78-92.

Rahbek Pedersen, E. & Neergaard, P. (2009), What matters to managers? The whats, whys, and hows of corporate social responsibility in a multinational Corporation. Management Decision, 47(8), 1261-1280.

Rahman, M., Rodríguez-Serrano, M. Á., & Lambkin, M. (2019). Brand equity and firm performance: the complementary role of corporate social responsibility. Journal of Brand Management, 26(6), 691-704.

Roberts, D. (2009). Reputation management for education: a review of the academic and professional literature. London: The Knowledge Partnerships.

Rodríguez, F.J.G. (2002). La reputación como recurso estratégico: un enfoque de recursos y capacidades. Doctoral dissertation, Universidad de La Laguna, San Cristóbal de La Laguna, Santa Cruz de Tenerife - Spain.

Schnietz, K. E., & Epstein, M. J. (2005). Exploring the Financial Value of a Reputation for Corporate Social Responsibility during a Crisis. Corporate Reputation Review, 7(4), 327–345.

Schulz-Knappe, C., Koch, T., & Beckert, J. (2019). The importance of communicating change: Identifying predictors for support and resistance toward organizational change processes. Corporate Communications: An International Journal, 24 (4), 670-685.

Seele, P., & Lock, I. (2015). Instrumental and/or deliberative? A typology of CSR communication tools. Journal of Business Ethics, 131(2), 401-414.

Siano, A., Kitchen, P.J. & Confetto, M.G. (2010). Financial resources and corporate reputation: toward common management principles for managing corporate reputation. Corporate Communications: An International Journal, 15(1), 68-82.

Simon, C. J., & Sullivan, M. W. (1993). The measurement and determinants of brand equity: a financial approach. Marketing Science, 12(1), 28-52.

Sims, R. R. (2003). Ethics and Corporate Social Responsibility: Why giants fall. Connecticut: Greenwood Publishing Group.

Smaiziene, I.; Jucevicius, R. (2009). Corporate reputation: multidisciplinary richness and search for a relevant definition. Engineering Economics, 2(62), 91–101.

Srinivasan, N., & Ratchford, B. T. (1991). An Empirical Test of a Model of External Search for Automobiles. Journal of Consumer Research, 18(2), 233.

Spry, A., Pappu, R. & Cornwell, B.T. (2011), Celebrity endorsement, brand credibility and Brand equity. European Journal of Marketing, 45(6), 882-909.

Steenkamp, J. B. (2014). How global brands create firm value: the 4V model. International Marketing Review, 31(1), 5-29.

Torres, A., Bijmolt, T. H. A., Tribó, J. A., & Verhoef, P. (2012). Generating global brand equity through corporate social responsibility to key stakeholders. International Journal of Research in Marketing, 29(1), 13–24.

Turban, D. B., & Greening, D. W. (1997). Corporate Social Performance And Organizational Attractiveness To Prospective Employees. Academy of Management Journal, 40(3), 658–672.

Vlachos, P. A., Tsamakos, A., Vrechopoulos, A. P., & Avramidis, P. K. (2009). Corporate social responsibility: attributions, loyalty, and the mediating role of trust. Journal of the Academy of Marketing Science, 37(2), 170–180.

Vidaver-Cohen, D. (2007). Reputation beyond the rankings: A conceptual framework for business school research. Corporate Reputation Review, 10(4), 278-304.

Wang, H. M. D., & Sengupta, S. (2016). Stakeholder relationships, brand equity, firm performance: A resource-based perspective. Journal of Business Research, 69(12), 5561-5568.

Yoon, Y., Gürhan-Canli, Z., & Schwarz, N. (2006). The Effect of Corporate Social Responsibility (CSR) Activities on Companies with Bad Reputations. Journal of Consumer Psychology, 16(4), 377–390.

Zajac, E. J., & Westphal, J. D. (1994). The costs and benefits of managerial incentives and monitoring in large US corporations: when is more not better? Strategic Management Journal, 15(S1), 121-142.




DOI: http://dx.doi.org/10.12819/2021.18.10.2

Apontamentos

  • Não há apontamentos.


Licença Creative Commons
Este obra está licenciado com uma Licença Creative Commons Atribuição-NãoComercial-SemDerivações 4.0 Internacional.

Ficheiro:Cc-by-nc-nd icon.svg

Atribuição (BY): Os licenciados têm o direito de copiar, distribuir, exibir e executar a obra e fazer trabalhos derivados dela, conquanto que deem créditos devidos ao autor ou licenciador, na maneira especificada por estes.
Não Comercial (NC): Os licenciados podem copiar, distribuir, exibir e executar a obra e fazer trabalhos derivados dela, desde que sejam para fins não-comerciais
Sem Derivações (ND): Os licenciados podem copiar, distribuir, exibir e executar apenas cópias exatas da obra, não podendo criar derivações da mesma.

 


ISSN 1806-6356 (Impresso) e 2317-2983 (Eletrônico)