Does advertising spending improve sales performance?

被引:31
|
作者
Assaf, A. George [1 ]
Josiassen, Alexander [2 ]
Mattila, Anna S. [3 ]
Cvelbar, Ljubica Knezevic [4 ]
机构
[1] Univ Massachusetts, Isenberg Sch Management, Amherst, MA 01003 USA
[2] Copenhagen Business Sch, Copenhagen, Denmark
[3] Penn State Univ, Sch Hospitality Management, University Pk, PA 16802 USA
[4] Univ Ljubljana, Fac Econ, Ljubljana 61000, Slovenia
关键词
Advertising spending; Sales performance; Size; Star rating; Dynamic frontier modelling; PHARMACEUTICAL PROMOTIONAL EXPENDITURES; RESEARCH-AND-DEVELOPMENT; MARKET PERFORMANCE; HOTEL PERFORMANCE; FIRM VALUE; EFFICIENCY; MODELS; CREATIVITY; INDUSTRY; IMPACT;
D O I
10.1016/j.ijhm.2015.04.014
中图分类号
F [经济];
学科分类号
02 ;
摘要
Hotel managers and investors commonly analyze the impact of advertising spending on firm performance. This paper investigates such an impact using a comprehensive framework incorporating the moderating effects of hotel size and star ratings. We estimated sales performance via dynamic, stochastic frontier modelling. Using longitudinal data from a sample of Slovenian and Croatian hotels, we demonstrate that advertising spending has a positive impact on hotel sales performance, and that the relationship strengthens for larger hotels and hotels with higher star ratings. Theoretical and managerial implications along with directions for future research are also discussed. (C) 2015 Elsevier Ltd. All rights reserved.
引用
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页码:161 / 166
页数:6
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