全部 标题 作者
关键词 摘要

OALib Journal期刊
ISSN: 2333-9721
费用:99美元

查看量下载量

相关文章

更多...

Brand Equity Valuation after Merger and Acquisition: A Review of Evidence

DOI: 10.4236/jssm.2023.162009, PP. 133-143

Keywords: Brand, Brand Valuation, Brand Equity, Merger and Acquisition, Post-Merge

Full-Text   Cite this paper   Add to My Lib

Abstract:

Previous researchers have reviewed brand value, including during decision-making on mergers and acquisitions, but there is a lack of reviews in which brand valuation has been explored post-merger. The purpose of this review was to address this gap in the literature by presenting a synthesis of the literature on brand valuation post-merger across different industries. To conduct this review of literature, I used a modified systematic review method and conducted a descriptive analysis, utilizing existing literature to obtain evidence as well as to enhance current understanding. From the databases queried, I discovered several studies that met the criteria for inclusion. Findings showed that, while the importance of valuing brand equity in the merger and acquisition process has been noted, few studies focus on this process itself. Findings showed that brand valuation is affected by the merger and acquisition process, resulting in various brand value outcomes. Additionally, across different sectors, the impact of brand valuation on customers post-merger was similar. The findings of the review highlight the need for executives preparing for a future merger and acquisition to recognize that a successful merger requires accurate brand valuation both during the merger and acquisitions process and post-merger, in addition to effective strategies for integrating the targeted company’s brand with the acquirer company.

References

[1]  Anggraeni, A., & Hasan, K. (2016). The Effect of Country of Origin Service Quality and Brand Redeployment after M&A. International Journal of Asian Business and Information Management, 7, 42-55.
https://doi.org/10.4018/IJABIM.2016010104
[2]  Arvidsson, A. (2006). Brand Value. Journal of Brand Management, 13, 188-192.
https://doi.org/10.1057/palgrave.bm.2540261
[3]  Awan, M. A., Ho, H. C., & Khan, H. U. (2017). Possible Effect of Merger and Acquisition on Brand Equity: A Case Study of the IT Industry in South Korea. International Journal of Business and Information, 12, 1-38.
[4]  Bilgin, Y. (2018). The Effect of Social Media Marketing Activities on Brand Awareness, Brand Image and Brand Loyalty. Business & Management Studies: An International Journal, 6, 128-148.
https://doi.org/10.15295/bmij.v6i1.229
[5]  Chiu, W.-H., Shih, Y.-S., Chu, L.-S., & Chen, S.-L. (2022). Merger and Acquisitions Integration, Implementation as Innovative Approach toward Sustainable Competitive Advantage: A Case Analysis from Chinese Sports Brands. Frontiers in Psychology, 13, Article 869836.
https://doi.org/10.3389/fpsyg.2022.869836
[6]  Chu, Y., Chu, J., & Liu, H. (2021). The Impact of Mergers and Acquisitions on Brand Equity: A Structural Analysis. International Journal of Research in Marketing, 38, 615-638.
https://doi.org/10.1016/j.ijresmar.2020.11.006
[7]  Chung, Y., & Kim, A. J. (2020). Effects of Mergers and Acquisitions on Brand Loyalty in Luxury Brands: The Moderating Roles of Luxury Tier Difference and Social Media. Journal of Business Research, 120, 434-442.
https://doi.org/10.1016/j.jbusres.2019.11.030
[8]  Crimmins, J. C. (2000). Better Measurement and Management of Brand Value. Journal of Advertising Research, 40, 136-144.
https://doi.org/10.2501/JAR-40-6-136-144
[9]  Deloitt (2021). Integrating Brands: A Guide to Brand Management in M&A. Deloitte.
[10]  DeYoung, R., Evanoff, D. D., & Molyneux, P. (2009). Mergers and Acquisitions of Financial Institutions: A Review of the Post-2000 Literature. Journal of Financial Services Research, 36, 87-110.
https://doi.org/10.1007/s10693-009-0066-7
[11]  Guo, R., & Tao, L. (2011). The Research on Post-Merger Brand Strategies of Chinese Local Brands’ Cross-Border M&A—From Weaker Brands Perspective. In 2011 International Conference on Management and Service Science (pp. 1-4). IEEE.
https://doi.org/10.1109/ICMSS.2011.5998579
[12]  Gupta, S., Gallear, D., Rudd, J., & Foroudi, P. (2020). The Impact of Brand Value on Brand Competitiveness. Journal of Business Research, 112, 210-222.
https://doi.org/10.1016/j.jbusres.2020.02.033
[13]  Haleblian, J., Devers, C. E., McNamara, G., Carpenter, M. A., & Davison, R. B. (2009). Taking Stock of What We Know About Mergers and Acquisitions: A Review and Research Agenda. Journal of Management, 35, 469-502.
https://doi.org/10.1177/0149206308330554
[14]  He, J., & Calder, B. J. (2020). The Experimental Evaluation of Brand Strength and Brand Value. Journal of Business Research, 115, 194-202.
https://doi.org/10.1016/j.jbusres.2020.04.035
[15]  Jaju, A. (2006). Consumer Evaluations of Corporate Brand Redeployments. Journal of the Academy of Marketing Science, 34, 206-215.
https://doi.org/10.1177/0092070305284989
[16]  Jones, R. (2005). Finding Sources of Brand Value: Developing a Stakeholder Model of Brand Equity. Journal of Brand Management, 13, 10-32.
https://doi.org/10.1057/palgrave.bm.2540243
[17]  Ju, N., & Lee, K.-H. (2020). Consumer Resistance to Innovation: Smart Clothing. Fashion and Textiles, 7, Article No. 21.
https://doi.org/10.1186/s40691-020-00210-z
[18]  Kato, J., & Schoenberg, R. (2014). The Impact of Post-Merger Integration on the Customer-Supplier Relationship. Industrial Marketing Management, 43, 335-345.
https://doi.org/10.1016/j.indmarman.2013.10.001
[19]  Kernstock, J., & Brexendorf, T. O. (2012). Corporate Brand Integration in Mergers and Acquisitions—An Action Research-Based Approach. Corporate Reputation Review, 15, 169-178.
https://doi.org/10.1057/crr.2012.10
[20]  Kheilnejad, H., Taherikia, F., Jalali, S. M., & Tabrizian, B. (2020). Designing and Identifying the Variables of the Pricing Model for the Company’s Brand Value in Merger and Acquisition Strategies. Journal of System Management, 6, 149-162.
[21]  Lee, H. (2012). Brand Valuation Model: A Shareholder Value Approach (pp. 1-136). Ph.D. Thesis, Kent State University.
[22]  Lee, H.-M., & Lee, C.-C. (2011). Country-of-Origin and Brand Redeployment Impact after Brand Acquisition. Journal of Consumer Marketing, 28, 412-420.
https://doi.org/10.1108/07363761111165921
[23]  Lee, H.-M., Chen, T., & Guy, B. S. (2014). How the Country-of-Origin Image and Brand Name Redeployment Strategies Affect Acquirers’ Brand Equity after a Merger and Acquisition. Journal of Global Marketing, 27, 191-206.
https://doi.org/10.1080/08911762.2014.909550
[24]  Lee, H.-M., Hsu, Y.-H., Chen, T., & Wu, Y.-C. (2018). Factors That Affect the Perception of Luxury Brands after M&A. International Journal of Research in Commerce & Management, 9, 1-11.
[25]  Lee, H.-M., Lee, C.-C., & Wu, C.-C. (2011). Brand Image Strategy Affects Brand Equity after M&A. European Journal of Marketing, 45, 1091-1111.
https://doi.org/10.1108/03090561111137624
[26]  Liu, Y., Öberg, C., Tarba, S. Y., & Xing, Y. (2018). Brand Management in Mergers and Acquisitions: Emerging Market Multinationals Venturing into Advanced Economies. International Marketing Review, 35, 710-732.
https://doi.org/10.1108/IMR-01-2017-0011
[27]  Meyer-Waarden, L., Cloarec J. (2022). “Baby, You Can Drive My Car”: Psychological Antecedents That Drive Consumers’ Adoption of Ai-Powered Autonomous Vehicles. Technovation, 109, Article ID: 102348.
https://doi.org/10.1016/j.technovation.2021.102348
[28]  Migliore, G., Wagner, R., Cechella, F. S., & Liébana-Cabanillas, F. (2022). Antecedents to the Adoption of Mobile Payment in China and Italy: An Integration of UTAUT2 and Innovation Resistance Theory. Information Systems Frontiers, 24, 2099-2122.
https://doi.org/10.1007/s10796-021-10237-2
[29]  Sadiq, D. (2020). The Impact of Brand Equity. Journal of Relationship Marketing, 1, 1-17.
[30]  Sogomi, F. C., Thuranira, M. N., & Kamau, C. G. (2022). Economic Impact of Mergers and Acquisitions in Corporate World: An African Context. African Journal of Commercial Studies, 1, 15-26.
https://doi.org/10.31124/advance.20152547
[31]  Srivastava, R. K. (2012). The Role of Brand Equity on Mergers and Acquisition in the Pharmaceutical Industry: When Do Firms Learn from Their Merger and Acquisition Experience? Journal of Strategy and Management, 5, 266-283.
https://doi.org/10.1108/17554251211247571
[32]  Steenkamp, J.-B. E. M., Batra, R., & Alden, D. L. (2003). How Perceived Brand Globalness creates Brand Value. Journal of International Business Studies, 34, 53-65.
https://doi.org/10.1057/palgrave.jibs.8400002
[33]  Yang, D., Davis, D. A., & Robertson, K. R. (2011). Integrated Branding with Mergers and Acquisitions. Journal of Brand Management, 19, 438-456.
https://doi.org/10.1057/bm.2011.52
[34]  Yao, P., & Wang, X.X. (2018). Research on the Relationship of the Weaker Enterprises Post-Merger Brand Strategy and Consumer Purchase Intentions: Based on the Brand Authenticity Perspective. Journal of Marketing Science, 1, 34-52.

Full-Text

Contact Us

service@oalib.com

QQ:3279437679

WhatsApp +8615387084133