How economic growth affects customer satisfaction

Björn Frank, Takao Enkawa

研究成果: Article

16 引用 (Scopus)

抜粋

Changes in customer satisfaction are usually linked to a firm's performance in satisfying its clients or to developments within its direct competitive environment. In order to correctly interpret such changes in corporate consumer surveys, managers should also account formacroeconomic influences on customer satisfaction. Using data from national consumer barometers in Germany, South Korea, Sweden, and the United States, this study reveals that economic growth positively affects customer satisfaction. Based on correlation analysis andGranger tests, these results challenge recent studies claiming that, conversely, there is a unidirectional impact of customer satisfaction on economic growth. With more comprehensive data from Germany, structural equation modeling shows that economic growth drives customer satisfaction via the expansion of the average consumer's budget and via an increasing perceived value of offerings. The effect is stronger in high-tech industries, industries with rapid innovation cycles, and industries with fierce price competition.

元の言語English
ページ(範囲)531-544
ページ数14
ジャーナルAsia Pacific Management Review
13
発行部数2
出版物ステータスPublished - 2008 1 1
外部発表Yes

ASJC Scopus subject areas

  • Business and International Management
  • Strategy and Management

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