Valuing market assets ? brand and customer
Supervisor: Stan Maklan BSc MBA PhD
Business Issues / Background
As of 2005, throughout Europe and beyond, companies must value (on the balance sheet) the value of the acquired brand(s), customers and know how. Then they must reappraise these valuations annually and charge to income any loss in value. There are few, if any, robust valuation methods.
There are many theses possible around this topic: valuation methods for customer and brand assets what companies are doing in practice to meet these new obligations and the impact of increased disclosure on analysts? appraisals of companies and or financial markets.
Possible Detailed Areas of Research
- How should firms value their brand(s) and customer bases in consideration of recent accounting rule changes?
- How can firms separate brand value between corporate and product brands (e.g. Microsoft and Windows)?
- What are the brand and customer valuation practices employed by UK or European firms?
- What is impact of brand and or customer valuation upon financial markets ? financial analysts perceptions of the firm?
Suggested Basic Reading
Brand valuation: (Ambler, 2003), (Aaker, 1991)
Customer valuation: (Chang and Tseng, 2006),
(Gupta, Lehmann and Stuart, 2004), (Ryals, 2002)
(Rust, Lemon and Zeithaml, 2004)
Impact on financial markets and analysts:
(Capraro and Srivastava, 1991)
Details of suggested reading- Valuing Market Assets:
Aaker, D. (1991), Managing Brand Equity: Capitalizing on the Value of a Brand Name, Free Press, New York.
Ambler, T. (2003), Marketing and the Bottom Line (2 edition), Pearson Education, London.
Capraro, A. and Srivastava, R. (1991), `Has the Influence of Financial Performance on Reputation Measures Been Overstated?`, Corporate Reputation Review, Vol. 1, No. 1 and 2, pp. 86-92.
Chang, A. and Tseng, C. (2006), `Building Customer Capital Through Relationship Marketing Activities`, Journal of Intellectual Capital, Vol. 6, No. 2, pp. 252-266.
Gupta, S., Lehmann, D. and Stuart, J. (2004), `Valuing Customers`, Journal of Marketing Research, Vol. 11, No. 1, pp. 7-18.
Rust, R., Lemon, K. and Zeithaml, V. (2004), `Return on Marketing: Using Customer Equity to Focus Marketing Strategy`, Journal of Marketing, Vol. 68, No. 1, pp. 109-127.
Ryals, L. (2002), `Are Your Customers Worth More Than Money?`, Journal of Retailing and Consumer Services, Vol. 9, pp. 241-251.
Schultz, D. (2001), `Chapter 13: Measuring the Value of the Corporate Brand`, in Kitchen, P.  and Schultz, D. (Authors), Raising the Corporate Umbrella: Corporate Communications in the 21st Century, Palgrave, pp. 341-347.
Dr Stan Maklan, tel 01234 751122 email email@example.com