Customer satisfaction and shareholder value

被引:685
作者
Anderson, EW [1 ]
Fornell, C [1 ]
Mazvancheryl, SK [1 ]
机构
[1] Univ Michigan, Sch Business, Ann Arbor, MI 48109 USA
关键词
D O I
10.1509/jmkg.68.4.172.42723
中图分类号
F [经济];
学科分类号
02 ;
摘要
In this article, the authors develop a theoretical framework that specifies how customer satisfaction affects future customer behavior and, in turn, the level, timing, and risk of future cash flows. Empirically, they find a positive association between customer satisfaction and shareholder value. They also find significant variation in the association across industries and firms.
引用
收藏
页码:172 / 185
页数:14
相关论文
共 73 条
[31]   The market valuation of Internet channel additions [J].
Geyskens, I ;
Gielens, K ;
Dekimpe, MG .
JOURNAL OF MARKETING, 2002, 66 (02) :102-119
[32]  
Greene H.W., 2008, ECONOMETRIC ANAL, V6th
[33]  
Hall B. H., 1988, 72 NAT BUR EC RES
[34]   MARKET-STRUCTURE AND MARKET VALUE [J].
HIRSCHEY, M .
JOURNAL OF BUSINESS, 1985, 58 (01) :89-98
[35]  
Ittner C.D., 1996, ADV MANAGEMENT ORG Q, V1, P1
[36]   Are nonfinancial measures leading indicators of financial performance? An analysis of customer satisfaction [J].
Ittner, CD ;
Larcker, DF .
JOURNAL OF ACCOUNTING RESEARCH, 1998, 36 :1-35
[37]  
JACOBSON R, 1990, MARKET SCI, V9, P92, DOI 10.1287/mksc.9.1.92
[38]   UNOBSERVABLE EFFECTS AND BUSINESS PERFORMANCE [J].
JACOBSON, R .
MARKETING SCIENCE, 1990, 9 (01) :74-85
[39]   IS MARKET SHARE ALL THAT ITS CRACKED UP TO BE [J].
JACOBSON, R ;
AAKER, DA .
JOURNAL OF MARKETING, 1985, 49 (04) :11-22
[40]   DISTINGUISHING AMONG COMPETING THEORIES OF THE MARKET SHARE EFFECT [J].
JACOBSON, R .
JOURNAL OF MARKETING, 1988, 52 (04) :68-80