Table 2

An overview of research of the brand and assessing the brand value – relation with business performances

ReferencesSampleMethodologyObject of research
Janoskova and Krizanova (2017) 12 global well-known brandsForbes, Interbrand, Brand Finance and Millward BrownAnalyzing the brand values and the methods applied for possible deviations
Virvilaitė and Jucaitytė (2008) Ukio bankasSystemic and comparative literature analysis; Secondary data analysis
Quantitative studies
How to prepare integrated brand valuation model which enables thorough estimation of brand value in viewpoint of customer and company
Ardestani et al. (2012) The private banks in TehranRegression analysis; T-test
Analytic Hierarchy Process (AHP)
Relationship between brand value and the performance of private banks in Tehran
Cravens and Guilding (2000) 392 companiesFactor analysisInvestigation of companies with strong brands for providing the first evidence of a relationship between market orientation and brand valuation
Agus Harjoto and Salas (2017) 47 companiesMultivariate regressionInvestigation the impact of strategic and institutional (normative) CSR on brand value and brand reputation
Ruževičiūtė and Ruževičius (2010) 200 largest companies in LithuaniaSystemic and comparative literature analysis
Semi-structured expert interview, Questionnaire survey and qualitative analysis
Preparing consumer-based brand equity evaluation model
Kirk et al. (2013) 19 companiesInterbrand methodologyAnalyzing the impact of brand value on firm valuation
Kumar et al. (2019) 75 brands ranked by InterbrandDynamic simultaneous equation modelExamination the role of marketing–finance interface factors for value creation
Fernandez (2001) 2 companiesDamodaran and Interbrand methodologyShowing the limitations of the number of the methods for valuating brands and intellectual capital
Arora and Chaudhary (2016) 10 banksMultiple regression analysisInvestigating the impact of brand value on various financial indicators on of banks
Hsu et al. (2013) 100 best global brandsT-statistic
Cumulative abnormal returns (CARs)
Buy-and-hold abnormal returns (BHARs)
Examination the relationship between brand value and stock performance of companies

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