The First Journal

Effect Of Social Media Marketing On Brand Equity Of Private Commercial Banks With A Special Emphasis On Sampath Bank PLC

Effect Of Social Media Marketing On Brand Equity Of Private Commercial Banks With A Special Emphasis On Sampath Bank PLC

Social media is a platform which allows people to participate in social networking though internet. It enables to share posts on various social media platforms to improve business visibility. Today it is the best source for marketing, education, entertainment and news. Social media is also fundamentally changing the way consumers acquire the information they want, how they buy products, and how they discuss social issues and pursue social change (eun ju seo, 2019). Social organizing sites permit people, organizations and different associations to connect with each other and assemble connections and networks on the web. At the point when organizations join these social channels, purchasers can communicate with them legitimately (demangeot, 2013). Many studies have done to investigate the effect of social media in bank marketing (mitic and kapoulas,2012). Furthermore bonson and flores (2011) argued that social media marketing enables banks to regain trust from customers.

ABSTRACT
This study was carried out to find the effect of social media marketing on brand equity of private commercial banks with a special emphasis on sampath bank plc. The banking landscape is rapidly changing and digital based business models will be playing a pivotal role in the future banking. It is essential for bankers to identify this disruptive environment and plan ahead to sustain the business. The study has taken a deductive approach of reasoning where the researcher has instigated the research by forming hypotheses based on the theoretical framework. Hence, the empirical study is designed to validate each of the above hypotheses developed in the study. Data was collected from 184 respondents in different demographic and geographic profiles. The study clearly explained that there is a significant relationship between social media marketing and brand equity through four independent variables as exposure, customer engagement, fan loyalty and influence.

Nuwan Pathirana & Nalin Abeysekera

[email protected] | [email protected]
Open University of Sri Lanka