FACTORS AFFECTING BRAND EQUITY OF E-COMMERCE PLATFORMS IN VIETNAM
About this article
Received: 03/02/21 Revised: 19/02/21 Published: 28/04/21Abstract
In the fierce competition among e-commerce platforms in Vietnam market, building a sustainable competition advantage through developing brand equity is necessary. This research examines and validates factors affecting brand equity of Vietnamese e-commerce platforms. To serve this purpose, a questionnaire was designed and sent to 150 people. Survey data of factors affecting brand equity is verified by using multivariate linear regression on SPSS software. The results show that, brand awareness, brand association, perceived quality and brand loyalty are 4 factors that have positive impact on brand equity. Based on these findings, this research provides recommendations for advertising activities, product improvement and building a loyal customer base to help businesses develop their brand equity.
Keywords
Full Text:
PDF (Tiếng Việt)References
[1] A. Mitra, “E-Commerce in India - a review,” International Journal of Marketing, Financial Services & Management Research, vol. 2, no. 2, pp. 126-132, 2013.
[2] Statista, “E-commerce worldwide – statistics & facts,” Statista Research Department. [Online]. Available: https://www.statista.com/topics/871/online-shopping/. [Accessed Jan. 29th, 2021].
[3] Vietnam E-commerce Association, “Vietnam E-Business Index 2020,” [Online]. Available: https://vecom.vn/bao-cao-chi-so-thuong-mai-dien-tu-viet-nam-2020. [Accessed Jan. 29th, 2021].
[4] H. N. Duong, “E-commerce in economic development in Vietnam,” (in Vietnamese), Review of Finance, vol. 2, no. 7, pp. 27-31, 2020.
[5] Iprice, “Vietnam’s E-commerce map,” (in Vietnamese), Iprice Group. [Online]. Available: https://iprice.vn/insights/mapofecommerce/. [Accessed Jan. 29th, 2021].
[6] M. R. Jalilvand, N. Samiei, and S. H. Mahdavinia, “The effect of brand equity components on purchase intention: An application of Aaker’s model in the automobile industry,” International business and management, vol. 2, no. 2, pp. 149-158, 2011.
[7] Z. Tanveer, and R. N. Lodhi, “The effect of brand equity on customer satisfaction: An empirical study based on David Aaker's Brand Equity Model,” IUP Journal of Brand Management, vol. 13, no. 3, pp. 43-54, 2016.
[8] A. Bougenvile, and E. Ruswanti, “Brand equity on purchase intention consumers’ willingness to pay premium price juice,” Journal of Economics and Finance, vol. 8, no.1, pp. 12-18, 2017.
[9] L. Wood, “Brands and brand equity: definition and management,” Management Decision, vol. 38, no. 9, pp. 662-669, 2000.
[10] U. K. Maurya, and P. Mishra, “What is a brand? A Perspective on Brand Meaning,” European Journal of Business and Management, vol. 4, no. 3, pp. 122-133, 2012.
[11] S. Davis, “Implementing your BAM strategy: 11 steps to making your brand a more valuable business asset,” Journal of Consumer Marketing, vol. 19, no. 6, pp. 503-513, 2002.
[12] S. Farjam, and X. Hongyi, “Reviewing the concept of brand equity and evaluating consumer-based brand equity (CBBE) models,” International Journal of Management Science and Business Administration, vol. 1, no. 8, pp. 14-29, 2015.
[13] K. L. Keller, Strategic Brand Management: Building, Measuring and Managing Brand Equity, 2nd ed., Prentice-Hall, Englewood Cliffs, NJ, 2003.
[14] K. L. Keller, “Conceptualizing, Measuring, and Managing Customer-Based Brand Equity,” Journal of Marketing, vol. 51, no. 1, pp. 1-22, 1993.
[15] D. A. Aaker, Managing Brand Equity. The Free Press, New York, 1991.
[16] E. Atilgan, S. Aksoy, and S. Akinci, “Determinants of the brand equity,” Marketing Intelligence & Planning, vol. 23, no. 3, pp. 237-248, 2005.
[17] C. Y. Fayrene, and G. C. Lee, “Customer-based brand equity: A literature review,” Researcher World, vol. 2, no. 12, pp. 33-42, 2011.
[18] J. Sasmita, and N. M. Suki, “Young consumers’ insights on brand equity,” International Journal of Retail & Distribution Management, vol. 43, no. 3, pp. 276-292, 2015.
[19] B. Pouromid, and S. Iranzadeh, “The evaluation of the factors affects on the brand equity of Pars Khazar household appliances based on the vision of female consumer,” Middle-East Journal of Scientific Research, vol. 12, no. 8, pp. 1050-1055, 2012.
[20] H. N. T. Ngo, B. V. Nguyen, and M. T. Dinh, “Components of brand equity: the case of Binh Thuan dragon fruit,” (in Vietnamese), Journal of Economic Development, no. 285, pp. 61-82, 2014.
[21] B. Yoo, N. Donthu, and S. Lee, “An Examination of Selected Marketing Mix Elements and Brand Equity,” Journal of the Academy of Marketing Science, vol. 28, no. 2, pp. 195-211, 2000.
[22] W. Wang, and H. Li, “Factors influencing mobile services adoption: a brand‐equity perspective,” Internet Research, vol. 22, no. 2, pp. 142-179, 2012.
[23] J. F. Hair, W. C. Black, B. J. Babin, and R. E. Anderson, Multivariate data analysis: Pearson new international edition, 7th edition, Pearson Higher Ed., 2013.
[24] J. Pallant, SPSS survival manual: a step by step guide to data analysis using IBM SPSS, 6th edition, Open University Press, England, 2016.
DOI: https://doi.org/10.34238/tnu-jst.3984
Refbacks
- There are currently no refbacks.