Attractiveness, Purchase Intention, and Willingness to Pay More for Global Brands: Evidence from Turkish Market

ABSTRACT

Emerging markets (EMs) are increasingly becoming significant in income growth for Multinational corporations (MNCs). Therefore, what affects the consumer perceptions and behaviors toward global brands in EMs is a fundamental question to answer for MNCs. There is a remarkable literature on global brands in EMs however there is little evidence specifically upon bandwagon effects. This study aims to fulfil this gap and examines the effects of bandwagon consumption, conspicuous value and social value on consumer attitudes towards the global brands. In the study, data were collected via face-to-face questionnaire from a sample of 458 university students, and Structural Equation Modelling (SEM) was used to test the research hypotheses. As a result, it was found that bandwagon consumption, conspicuous value, and social value have positive impacts on brand attractiveness, purchase intention and willingness to pay more for global brands.

KEYWORDS:

• bandwagon consumption
• social value
• conspicuous value
• emerging markets
• global brands
• promotion