Customer Based Approach in Understanding the Interaction Between Green Business Activities and Green Brand Equity

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Meenu Shant Priya
Hemantkumar P Bulsara
Samant Shant Priya
Sajal Kabiraj
Sushil Kumar Dixit

Abstract

Numerous automotive corporations have recently embraced environmentally conscious business practices, and this study aims to explore the specific impacts of these green business practices on green brand equity. A meticulously designed questionnaire was administered to individuals knowledgeable about green business functions. The investigation employed a conceptual framework, validated through partial least square structural equation modelling. The results revealed a noteworthy influence of Green Marketing (GM), Green Human Resource Management (GHRM), and Green Supply Chain Management (GSCM) on the formation of green brand image (GBI). However, the impact of green finance (GF) on GBI was found to be inconclusive. Within the inner model, GBI demonstrated a strong association with green trust (GT) and green customer satisfaction (GCS). The study's findings highlight a significant and positive impact of GBI on green brand equity (GBE). Intriguingly, GCS exhibited no discernible effect on GBE. Conversely, statistical analyses underscore a significant relationship between GBE and GT.  These findings encourage managers to rethink their strategies for cultivating green brand equity by leveraging the potential of various green business functions.

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Author Biography

Sajal Kabiraj, Faculty of Business and Hospitality Management, LAB University of Applied Sciences, Lahti, Finland

Dr. Sajal Kabiraj is employed in a permanent position with the Faculty of Business and Hospitality Management at LAB University of Applied Sciences, Finland. He serves as a Visiting Research Fellow within the Regions and Cities Governance Lab (Re-LAB) at United Nations University – CRIS, Belgium. Sajal was former Full Professor at Dongbei University of Finance and Economics, Dalian, PR China. He is recipient of Best Teacher Awards in 2008, 2011, 2014, 2018, Xinghai Friendship Award – 2015 (Municipal Government of Dalian, PR China), Outstanding Contribution Award – 2018 (DUFE, PR China) for teaching and research excellence. He has taught at postgraduate level in universities in Finland, Austria, Switzerland, UAE, KSA, China and India. He is a PhD supervisor and examiner.