Walking a slippery line: Investments in social values and product longevity

• 成果类型: Article
• 署名作者: Fosfuri, Andrea; Giarratana, Marco S.; Roca, Esther
• 署名单位: Bocconi University; Bocconi University; Universidad Carlos III de Madrid
• 刊物名称: STRATEGIC MANAGEMENT JOURNAL
• ISSN/ISSBN: 0143-2095
• DOI: 10.1002/smj.2311
• 发表日期: 2015
• 页码: 1750-1760
• 关键词: social values; symbolic meaning; cosmetic industry; new product entry pricing; product lifespan

摘要

Corporate sponsorship of events that support social values (e.g., human rights) help firms infuse their products with symbolic meaning, prolonging their life cycle. Yet, higher product prices might spark perceptions that the firm invests in social values for calculative or opportunistic motives, in which case event sponsorship is unlikely to deliver the expected benefits in the form of product longevity. This study explores this potential tension empirically, using data related to sponsored social events, entry prices, and product longevity for a U.S. cosmetics producer. Copyright (c) 2014 John Wiley & Sons, Ltd.