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EnglishUnder the lens of construal level theory (CLT), this paper offers a new perspective on lifestyle advertising practiced by luxury brands clarifying both its value and its limitations. We find that under conditions of high brand familiarity (BF) lifestyle advertising is inconsistent with high–level construals, diminishing consumers’ willingness to pay (WTP) for the advertised brand. Using a measure of language-induced abstractness, we show that lifestyle advertising is detrimental to WTP when consumers are familiar with the brand (condition involving saliency of low-level construals), but not when they are new to the brand (n=180). In a follow-up study we find support for a moderated mediation model in which abstractness mediates the effect of advertising type on WTP whereas BF moderates the mediation, depressing abstractness when familiarity is high and enhancing it when low. In conclusion, our evidence suggests to managers in the luxury industry that low construal levels are key to using price as a tactical tool in positioning their brands. We conclude with a discussion of implications of these results for luxury brands research and management.
Luxury brands pursuing lifestyle positioning: effects on willingness to pay, 2018-05.
| Autori: | Massara, Francesco; Porcheddu, Daniele; Melara, Robert D. | |
| Data di pubblicazione: | mag-2018 | |
| Titolo: | Luxury brands pursuing lifestyle positioning: effects on willingness to pay | |
| Rivista: | ||
| Nazione editore: | United Kingdom | |
| Editore: | Palgrave Macmillan | |
| Pagina iniziale: | 1 | |
| Pagina finale: | 13 | |
| Numero di pagine: | 13 | |
| Revisione (peer review): | esperti anonimi | |
| IF: | con ISI Impact Factor | |
| Rilevanza: | internazionale | |
| Lingua: | English | |
| URL: | https://link.springer.com/article/10.1057/s41262-018-0130-4 | |
| Digital Object Identifier (DOI): | http://dx.doi.org/10.1057/s41262-018-0130-4 | |
| Settore Scientifico Disciplinare: | Settore SECS-P/08 - Economia e Gestione delle Imprese | |
| Keywords: | Luxury brands; Lifestyle advertising; Product-centered advertising; Abstractness; Brand familiarity; Willingness to pay | |
| Abstract: | Under the lens of construal level theory (CLT), this paper offers a new perspective on lifestyle advertising practiced by luxury brands clarifying both its value and its limitations. We find that under conditions of high brand familiarity (BF) lifestyle advertising is inconsistent with high–level construals, diminishing consumers’ willingness to pay (WTP) for the advertised brand. Using a measure of language-induced abstractness, we show that lifestyle advertising is detrimental to WTP when consumers are familiar with the brand (condition involving saliency of low-level construals), but not when they are new to the brand (n=180). In a follow-up study we find support for a moderated mediation model in which abstractness mediates the effect of advertising type on WTP whereas BF moderates the mediation, depressing abstractness when familiarity is high and enhancing it when low. In conclusion, our evidence suggests to managers in the luxury industry that low construal levels are key to using price as a tactical tool in positioning their brands. We conclude with a discussion of implications of these results for luxury brands research and management. | |
| Numero degli autori: | 3 | |
| Supporto: | Online | |
| Appare nelle tipologie: | 1.01 Articolo in rivista |
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|---|---|---|---|---|
| massara2018.pdf | Articolo principale | N/A | Administrator |
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