This study aims to examine the influence of new product introductions on brand equity, the mediating role of consumer engagement and the interactive effect of brand storytelling (brand vs consumer-generated storytelling) on the relationship.
This study used a single-factor experimental design, in which 374 consumers (Mage = 37.44, standard deviation = 12.766) were randomly assigned to one of two brand storytelling themes: brand-generated or consumer-generated storytelling. The data was analysed using AMOS 29 and one-way analysis of variance.
The results indicate that while the introduction of new products has a positive and significant influence on brand equity, the indirect effect through consumer engagement is stronger. Brand storytelling has a positive and significant interactive effect on the direct and indirect relationships between new product introduction and brand equity. However, consumer-generated storytelling has a greater interactive effect on both relationships.
Despite the growing recognition of brand storytelling’s importance, limited research has examined its role as a consumer−brand engagement tool in the context of new product introduction and brand equity. This study represents a pioneering effort that empirically examines the interactive influence of brand storytelling (brand vs consumer-generated) on the relationship between new production introduction and brand equity.
