Does customer’s perception of ethicality influence brand affect, image and equity in the banking sector

Giovanni Manansala, Chris Niyi Arasanmi, Adedapo Oluwaseyi Ojo

Research output: Contribution to journalArticlepeer-review


Purpose: This study aims to examine ethical practices in the banking sector by testing the relationships between customer perceptions of ethicality and brand attributes like affect, image and equity. Design/methodology/approach: Drawing on the social exchange theory, the authors advance the consumer’s perspective in explaining brand equity in the banking sector. Following the survey technique, the authors used the Hayes’ Macro Process in analysing the data collected from 148 bank customers in New Zealand. Findings: The findings suggest that customers’ perception of ethicality, brand image and affect are significantly associated with brand equity. Also, brand image and affect significantly mediate the relationship between customer’s perception of ethicality and brand equity. Research limitations/implications: The main limitation of this study is the use of survey and cross-sectional methods. Future research may adopt mixed-method techniques to provide insightful information on how these variables influence brand equity. Originality/value: The study demonstrates the mechanisms that facilitate brand equity and contributes to theory by analysing the factors of brand equity in the banking sector, which has been less investigated.

Original languageEnglish
Pages (from-to)68-84
Number of pages17
JournalInternational Journal of Ethics and Systems
Issue number1
Early online date21 Dec 2022
Publication statusPublished - 23 Jan 2024

Bibliographical note

Publisher Copyright:
© 2022, Emerald Publishing Limited.


  • Bank customer
  • Brand management
  • Corporate branding
  • Corporate social responsibility
  • Equity
  • Perceived ethicality

ASJC Scopus subject areas

  • Philosophy
  • Economics and Econometrics


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