Table I

Endorsement mechanisms and their implications to celebrity CEOs

MechanismKey contentSourcesImplications
Source credibility modelThe celebrity being the source of a communication and the consumer being the receiver; three dimensions of source credibility (trustworthiness, expertise, attractiveness)Arai et al. (2014), Ohanian (1990), Silvera and Austad (2004) Celebrity CEOs credibility as an endorser is based on that he/she is trustworthy, attractive and provides expertise in his field which refers to be professional
Congruence theoryCongruence of the product with the celebrity creates a more favorable impact on consumer attitudes than that of an incongruent celebrity-product combinationBergkvist et al. (2016), Lafferty (2009), Simonin and Ruth (1998), Amos et al. (2008), Choi and Rifon (2007) Congruence and fit respectively, in the combination of celebrity CEO and corporate leads to a more positive perception of this combination by consumers compared to incongruence
Meaning transfer modelThe celebrity personifies a set of meanings to the consumer; these meanings get transferred to the brand from the celebrity through an endorsementMcCracken (1989), Bergkvist and Zhou (2016) Celebrity CEOs transfer evaluative and non-evaluative associations to a brand (e.g., a corporate brand); customers then consume this set of meanings
Co-brandingTwo or more individual brands, products, or other distinct proprietary assets are in combination;
a co-brand may positively influence quality perceptions of unobservable product attributes of a partner brand
Close et al. (2011), Fillis (2015), Fournier (2010), Parmentier and Fischer (2012), Preece and Kerrigan, (2015), Speed et al. (2015), Swaminathan et al. (2012) The partnering between a celebrity CEO and a corporate brand implies that specific attributes spill over from each brand to the other and thus have an impact on perception of the celebrity CEO and the corporate brand, respectively
Brand allianceA brand is presented in the context of another brand and vice versa to form a synergistic allianceErevelles et al. (2008), Gammoh and Voss (2011), Park et al. (1996), Rao and Ruekert (1994), Rodrigue and Biswas (2004), Simonin and Ruth (1998) A celebrity CEO-corporate brand combination will create an impact on each party’s brand and will shape attitudes towards the alliance
Brand personalityThe set of human characteristics associated with a brand used through anthropomorphismAaker (1997), Aggarwal and McGill (2012), Eisend and Stokburger-Sauer (2013), Lee (2014) Celebrity CEOs as natural human beings and other brands (e.g. corporate brands) are ascribed to be associated with human-like characteristics (e.g. age, skills, attitudes, traits/attributes), which facilitates the consumer-brand-relationship building

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