RT Journal Article T1 Customer satisfaction and brand equity A1 Torres Lacomba, Anna A1 Tribo Gine, José Antonio AB The study here examines the interaction between shareholder value and customer satisfaction, as well as theimpact on a firm's brand equity. Customer satisfaction may have a positive effect on brand equity, exceptwhen managers show excessive customer orientation, in which case the effect is negative because ofreductions in shareholder value. The empirical analysis uses incomplete panel data pertaining to 69 firmsfrom 11 nations during the period 2002–2005 and supports the theoretical contentions. This result warns ofthe perverse effect on brand equity of implementing policies focused exclusively on satisfying customers atthe expense of shareholders' interests. PB Elsevier Sequoia SN 0148-2963 YR 2011 FD 2011-10 LK https://hdl.handle.net/10016/14290 UL https://hdl.handle.net/10016/14290 LA eng DS e-Archivo RD 18 may. 2024