Table 2.

Variable definitions, measurement and sources

VariableDefinitionMeasurementSource
Brand valuePresent value of the projected income attributable to the brandDollar value of the brand as reported by Interbrand’s 2023 Best Global BrandsInterbrand (2023) 
Customer-perceived sustainabilityA brand’s perceived sustainability effort by customersHow much effort is <BRAND> making to protect the environment and supporting communities and wider society?
Scale: five-point Likert scale
2023 Global Brand Equity Monitor, database provided by Brand Finance
Customer-perceived qualityRelative quality of brand’s product and services compared to competing brands as perceived by customersHow would you rate the quality of this brand’s products/services compared to competing brands products/services?
Scale: five-point Likert scale
2023 Global Brand Equity Monitor, database provided by Brand Finance
CategoryType of category in which the brand operatesCategorical variable with two levels (utilitarian vs hedonic)Assigned by authors based on Sloot and Verhoef (2002); Voss et al. (2003) 

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