Enhancing brand preference through corporate social responsibility initiatives in the Thai banking sector

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Title Enhancing brand preference through corporate social responsibility initiatives in the Thai banking sector
Author Chomvilailuk, Rojanasak; Butcher, Kenneth John
Journal Name Asia Pacific Journal of Marketing and Logistics
Editor Ian Phau
Year Published 2010
Place of publication United Kingdom
Publisher Emerald
Abstract Purpose – The purpose of this paper is to investigate the efficacy of three corporate social responsibility (CSR) initiatives on brand preference in the Thai banking sector. Design/methodology/approach – A 2 2 2 between subject experimental design was used to test the hypotheses in a bank setting. Three CSR initiatives were tested against a predictor variable of perceived brand quality and moderated by age, CSR predisposition and cultural values. The CSR initiatives comprised commitment to CSR; type of CSR programme; and transparency. Written vignettes disguised as press releases by the bank were used as stimulus materials and a survey completed by 219 consumers in Thailand. Findings – Overall, all three CSR initiatives had a modest but significant effect on brand preference. The level of influence varied according to age, CSR predisposition and cultural values. While older customers placed more emphasis on perceived brand quality overall it was also found that the type of CSR programme could significantly affect brand preference. In those groups high on the cultural value of individualism, commitment to CSR was found to be a strong contributor to brand preference. Similarly in those groups with a high power distance, brand preference was more influenced by CSR initiatives. Research limitations/implications – While CSR initiatives make modest improvements to brand preference overall, more substantial impacts occur under situational conditions. Discovering and exploiting such situations is critical to any firm making substantial investments in CSR. Practical implications – The differential impact of CSR initiatives on brand preference highlights the importance of carefully targeting stakeholders to optimise CSR investments. Communication strategies need to ensure that the appropriate message is designed for particular audiences. Originality/value – A specific dependent variable of brand preference is used in this study, together with three specific CSR initiatives and three moderating influences. In addition, perceived brand quality is utilised as a benchmark variable to test the strength of CSR initiatives.
Peer Reviewed Yes
Published Yes
Alternative URI http://dx.doi.org/10.1108/13555851011062296
Volume 22
Issue Number 3
Page from 397
Page to 418
ISSN 1355-5855
Date Accessioned 2011-02-07
Date Available 2011-03-07T08:56:48Z
Language en_AU
Research Centre Griffith Institute For Tourism
Faculty Griffith Business School
Subject Marketing Management (incl Strategy and Customer Relations)
URI http://hdl.handle.net/10072/36968
Publication Type Journal Articles (Refereed Article)
Publication Type Code c1

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