IDEAS home Printed from https://ideas.repec.org/a/apa/ijbaas/2018p280-293.html
   My bibliography  Save this article

The Effects of Luxury Firm Level Within the Luxury Industry on the Level of Corporate Social Performance

Author

Listed:
  • Sarah Putri Kinanti

    (University of Groningen, Groningen, Netherlands)

Abstract

Luxury industry is an industry where firms, sell very expensive goods, not just because of their firm value and symbolic benefits, their production often involves the use of rare, precious materials (animal skins, fur, valuable gemstones) (Luca, 2014). Luxury industry has a range of price point, the higher the price point that the firms have for their products, leads to higher visibility compared to firms who have lower price point (Dowling & Pfeffer, 1975). Higher visibility that results from higher price point might be the antecedent towards the variation of Corporate Social Performance (CSP), as it increases pressure towards higher corporate social responsibility (Kapferer & Michaut, 2015). Firms within the luxury industry can be classified to levels based on the price point. As the industry comprised of several segments, I include apparel, automobile, and luxury hospitality segments to the sample. The conclusion shows the levels do not appear to have some kind of effect towards CSP, it may be, even though the firms have different price points, they are still seen by customers and stakeholders as firms included in the luxury industry. Which means, they have the same problem, visibility and therefore instead of resulting in variation it results in similar CSP.

Suggested Citation

  • Sarah Putri Kinanti, 2018. "The Effects of Luxury Firm Level Within the Luxury Industry on the Level of Corporate Social Performance," International Journal of Business and Administrative Studies, Professor Dr. Bahaudin G. Mujtaba, vol. 4(6), pages 280-293.
    • Handle: RePEc:apa:ijbaas:2018:p:280-293
    DOI: 10.20469/ijbas.4.10005-6
    as

    Download full text from publisher

    File URL: https://kkgpublications.com/business-v4-i6-article-5/
    Download Restriction: no
    File URL: https://kkgpublications.com/wp-content/uploads/2019/04/IJBAS.4.10005-6.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.20469/ijbas.4.10005-6?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Burawat Piyachat, 2017. "The relationships among resources’ commitment reverse logistics innovation reverse logistics performance and reverse logistics cost savings: Manufacturing vs service industry," Journal of Administrative and Business Studies, Professor Dr. Usman Raja, vol. 3(3), pages 122-135.
    2. Marek Matejun, 2017. "Characteristic features of small business and large firms: An empirical comparative study," Journal of Administrative and Business Studies, Professor Dr. Usman Raja, vol. 3(4), pages 192-203.
    3. Gregory Jackson & Androniki Apostolakou, 2010. "Corporate Social Responsibility in Western Europe: An Institutional Mirror or Substitute?," Journal of Business Ethics, Springer, vol. 94(3), pages 371-394, July.
    4. I. C. Chen & Ching Chu Hung, 2017. "A Study on the Luxury Goods Counterfeiting in the View of theInfringement on Design Authenticity," International Journal of Business and Economic Affairs (IJBEA), Sana N. Maswadeh, vol. 2(6), pages 341-345.
    5. Jean-Noël Kapferer & Vincent Bastien, 2009. "The Luxury Strategy: Break the Rules of Marketing to Build Luxury Brands," Post-Print hal-00786813, HAL.
    6. Jean-Noël Kapferer & Vincent Bastien, 2009. "The specificity of luxury management: Turning marketing upside down," Post-Print hal-00493180, HAL.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Gurzki, Hannes & Woisetschläger, David M., 2017. "Mapping the luxury research landscape: A bibliometric citation analysis," Journal of Business Research, Elsevier, vol. 77(C), pages 147-166.
    2. Klaus-Peter Wiedmann & Franziska Labenz & Janina Haase & Nadine Hennigs, 2018. "The power of experiential marketing: exploring the causal relationships among multisensory marketing, brand experience, customer perceived value and brand strength," Journal of Brand Management, Palgrave Macmillan, vol. 25(2), pages 101-118, March.
    3. Kamini Gupta & Donal Crilly & Thomas Greckhamer, 2020. "Stakeholder engagement strategies, national institutions, and firm performance: A configurational perspective," Strategic Management Journal, Wiley Blackwell, vol. 41(10), pages 1869-1900, October.
    4. Kazumi Endo, 2019. "Does the stock market value corporate environmental performance? Some perils of static regression models," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(6), pages 1530-1538, November.
    5. Weisheng Lu & Meng Ye & K.W. Chau & Roger Flanagan, 2018. "The paradoxical nexus between corporate social responsibility and sustainable financial performance: Evidence from the international construction business," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 25(5), pages 844-852, September.
    6. Hemant Kushwaha & Sanjay Kumar Mishra & Manoj Kumar, 2023. "Management of litigation risk by Indian MSMEs," Journal of Financial Services Marketing, Palgrave Macmillan, vol. 28(2), pages 321-336, June.
    7. Das, Manish & Jebarajakirthy, Dr Charles, 2020. "Impact of acculturation to western culture (AWC) on western fashion luxury consumption among Gen-Y consumers in the Asia-Pacific region," Journal of Retailing and Consumer Services, Elsevier, vol. 56(C).
    8. Holmqvist, Jonas & Diaz Ruiz, Carlos & Peñaloza, Lisa, 2020. "Moments of luxury: Hedonic escapism as a luxury experience," Journal of Business Research, Elsevier, vol. 116(C), pages 503-513.
    9. Rosenbaum, Mark S. & Ramirez, Germán Contreras & Campbell, Jeffrey & Klaus, Philipp, 2021. "The product is me: Hyper-personalized consumer goods as unconventional luxury," Journal of Business Research, Elsevier, vol. 129(C), pages 446-454.
    10. Víctor Amor-Esteban & Mª-Purificación Galindo-Villardón & Fátima David, 2018. "Study of the Importance of National Identity in the Development of Corporate Social Responsibility Practices: A Multivariate Vision," Administrative Sciences, MDPI, vol. 8(3), pages 1-33, August.
    11. Julia Catharina Jensen & Nicola Berg, 2012. "Determinants of Traditional Sustainability Reporting Versus Integrated Reporting. An Institutionalist Approach," Business Strategy and the Environment, Wiley Blackwell, vol. 21(5), pages 299-316, July.
    12. Kalpana Tokas & Kartik Yadav, 2023. "Foreign Ownership and Corporate Social Responsibility: The Case of an Emerging Market," Global Business Review, International Management Institute, vol. 24(6), pages 1302-1325, December.
    13. Jesús Manuel Palma-Ruiz & Julen Castillo-Apraiz & Raúl Gómez-Martínez, 2020. "Socially Responsible Investing as a Competitive Strategy for Trading Companies in Times of Upheaval Amid COVID-19: Evidence from Spain," IJFS, MDPI, vol. 8(3), pages 1-13, July.
    14. Liu, Xia & Shin, Hyunju & Burns, Alvin C., 2021. "Examining the impact of luxury brand's social media marketing on customer engagement​: Using big data analytics and natural language processing," Journal of Business Research, Elsevier, vol. 125(C), pages 815-826.
    15. Stathopoulou, Anastasia & Balabanis, George, 2019. "The effect of cultural value orientation on consumers' perceptions of luxury value and proclivity for luxury consumption," Journal of Business Research, Elsevier, vol. 102(C), pages 298-312.
    16. Renata Kučerová & Tomáš Dania & Renata Skýpalová & Veronika Blašková, 2018. "Construction Industry in the Czech Republic: the Level of Involvement in Corporate Social Responsibility," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 66(2), pages 531-541.
    17. Gutberlet, Melissa & Preuss, Lutz & Thorpe, Andrea Stevenson, 2023. "Macro level matters: Advancing circular economy in different business systems within Europe," Ecological Economics, Elsevier, vol. 211(C).
    18. Jannik Gerwanski & Othar Kordsachia & Patrick Velte, 2019. "Determinants of materiality disclosure quality in integrated reporting: Empirical evidence from an international setting," Business Strategy and the Environment, Wiley Blackwell, vol. 28(5), pages 750-770, July.
    19. Igor Filatotchev & R. Duane Ireland & Günter K. Stahl, 2022. "Contextualizing Management Research: An Open Systems Perspective," Journal of Management Studies, Wiley Blackwell, vol. 59(4), pages 1036-1056, June.
    20. Lionel Fontagné & Sophie Hatte, 2013. "European High-End Products in International Competition," PSE - G-MOND WORKING PAPERS hal-00959394, HAL.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:apa:ijbaas:2018:p:280-293. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Professor Dr. Bahaudin G. Mujtaba (email available below). General contact details of provider: https://kkgpublications.com/business/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.