Customer satisfaction and shareholder value

被引:687
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
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