CSR Actions, Brand Value, and Willingness to Pay a Premium Price for Luxury Brands: Does Long-Term Orientation Matter?
Metadatas
2021
- ISIDORE Id: 10670/1.ca83cb...
- hal: hal-02519040
- doi: 10.1007/s10551-020-04486-5
HALSHS : archive ouverte en Sciences de l’Homme et de la Société - notices sans texte intégral
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info:eu-repo/semantics/altIdentifier/doi/10.1007/s10551-020-04486-5
Keywords
Corporate social responsibility Luxury brand value Willingness to pay a premium price Culture HCERES ACNRS 2FNEGE 1Similar subjects
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Mbaye Fall Diallo et al., « CSR Actions, Brand Value, and Willingness to Pay a Premium Price for Luxury Brands: Does Long-Term Orientation Matter? », HALSHS : archive ouverte en Sciences de l’Homme et de la Société - notices sans texte intégral, ID : 10.1007/s10551-020-04486-5
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Abstract
Sustainable luxury is a strategic issue for managers and for society, yet it remains poorly understood. This research seeksto clarify how corporate social responsibility (CSR) actions directly and indirectly (through brand value dimensions) affectconsumers’ willingness to pay a premium price (WTPP) for luxury brand products, as well as how a long-term orientation(LTO) might moderate these relationships. A scenario study presents fictional CSR actions of two brands, representing differentluxury products, to 1,049 respondents from two countries (France and Tunisia). The results of a structural equationmodeling approach show that the luxury brands’ CSR actions negatively affect customer WTPP overall and for each brand.The luxury brands’ functional and symbolic value dimensions positively mediate the effects of CSR actions on WTPP,whereas social value does not. The effects of CSR actions and brand symbolic value on WTTP do not differ between countries.The effect of functional value on WTPP differs across countries, such that it is stronger for high-LTO than low-LTOcultures. Inversely, the effect of social on customer WTPP is stronger for low-LTO than high-LTO cultures. These findingshave theoretical and practical implications for luxury brand managers.
