Somme approaches to measure corporate profitability in relation to customer loyalty and employee satisfaction. “The case of Arica”
DOI:
https://doi.org/10.22451/3002.nbr2015.vol1.1.8004Keywords:
corporate profitability, customer loyalty, employee satisfactionAbstract
The purpose is to identify whether employee satisfaction is directly related to customer loyalty, and therefore in corporate profitability. Three direct relationships were analyzed: (1) the direct relationship between employee satisfaction and customer loyalty, (2) the direct relationship between customer loyalty and profitability, and (3) the direct relationship between employee satisfaction and business profitability. The data required for this study were collected from employees and customers of banks, in addition to the balances of each of these. A structural equation model was used to test the hypotheses. Preliminary results of this model indicated that the initial model should be reconsidered, and therefore limit the model was due omitting any relationship with corporate profitability as a result of the low number of banks and the high number of customers in the sample used prevent statistical adjustments.
Keywords: financial performance, employee satisfaction, customer loyalty, customer satisfaction, image, commitment, trust.Downloads
References
Batista J, Coenders G (2000) Modelos de ecuaciones estructurales. Editorial Hercules.
Bentler PM (1990) Comparative fit indexes in structural models. Psychological Bulletin. 107 (2): 238-240.
Bernhardt KL, Donthu N, Kennett PA (2000) A longitudinal analysis of satisfaction and profitability. Journal of Business Research. 47: 161-171.
Cea M (2002) Análisis multivariable. Teoría y práctica en la investigación social. Editorial Sintesis.
Chi CG, Gursoy D (2009) Employee satisfaction, customer satisfaction and financial performance: An empirical examination. School of Hospitality Business Management, Washington State University, Pullman, WA 99164-4742, United States.
Fornell C (1992). A National Customer Satisfaction Barometer: The Swedish Experience. Journal of Marketing. 56: 6-21. January.
Heskett JL, Jones TO, Loveman GW, Sasser WE, Schlesinger L.A. (1994). Putting the service-profit chain to work. Harvard Business Review. 72 (2): 164-175.
His-Jui Wu, C (2007). The impact of customer-to-customer interaction and customer homogeneity on customer satisfaction in tourism service —The service encounter prospective. Department of Business Administration, National Dong Hwa University.
Keller K (1993). Conceptualizing, measuring, and managing customer-based brand equity. Stanford University, Stanford.
Kotler P, Armstrong G (2003) Fundamentos de Marketing. 6ª edición. Editorial Pearson.
Koys DJ (2001) The effects of employee satisfaction, organizational citizenship behavior, and turnover on organizational effectiveness: a unit-level, longitudinal study. Personnel Psychology. 34.
Lam SY, Shankar V, Erramilli MK, Murthy B (2004). Customer value, satisfaction, loyalty, and switching costs: An illustration from business-to-business service context. Academy of Marketing Science Journal. 32: 293-311.
Lehtinen U, Lehtine JR (1982). Service quality: a study of quality dimensions. Unpublished research report. Service Management group OY, Finland.
Moorman C, Deshpande R, Zaltnnan G (1993). Factors Affecting Trust in Market Research Relationships. Journal of Marketing. 57: 81-101.
Eakuru N, Mat N (2008). “The Application of Structural Equation Modeling (SEM) in Determining the Antecedents of Customer Loyalty in Banks in South Thailand”. The Business Review, Cambridge, 10 (2).
Nielsen I, Smyth R (2008). Job satisfaction and response to incentives among China’s urban workforce. The Journal of Socio-Economics. 37: 1921-1936.
Oliver RL (1999). Whence Consumer Loyalty?. Journal of Marketing. 63 (Special Issue): 33-44.
Parasuraman A, ZelthamI VA, Berry LLA (1985) Conceptual Model of Service Quality and Its Implications for Future Research. Journal of Marketing. 49: 41-50.
Reichheld FF, Sasser Jr WE (1990) Zero Defections: Quality Comes to Services. Harvard Business Review. September.
Scheaffer R (1987) Elementos de muestreo. Editorial Iberoamericana.
Seo YKJ, Price JL (2004). The determinants of job satisfaction among hospital nurses: a model estimation in Korea. International Journal of Nursing Studies. 41: 437-446.
Tornow W, Wiley JW (1991) Service quality and management practices: a look at employee attitudes, customer satisfaction, and bottom-line consequences.
Tucker LR, Lewis Ch (1973) A reliability coefficient for maximum Likelihood factor analysis. Psychometrika. 38: 1-10.
Wiley JW (1991). Customer satisfaction: a supportive work environment and its financial costs. Human Resource Planning. 14: 117-127.
Zeithaml VA, Berry LL, Parasuraman A (1996). The Behavioral Consequences of Service Quality. Journal of Marketing. 60: 31-46.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2015 Daniel Viera Castillo, Orlando Pérez Vallebona
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.