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Don’t tell me stories – the narratives of retirement and their relation with brand associations Cover

Don’t tell me stories – the narratives of retirement and their relation with brand associations

Open Access
|Mar 2022

Figures & Tables

Figure 1

Research model.
Research model.

Results of the groups comparisons based on HSD Tukey test (a = 0_05)

Brand narrativeAgeBP evaluation (mean)Homogenous group

No. 1No. 2
Group 3 (“the road trip” conservative narrative)30–393.417 ***
Group 1 (“the clinic” contemporary narrative)40–493.991******
Group 2 (“the cruise” progressive narrative)40–494.111******
Group 1 (“the clinic” conservative narrative)30–394.120******
Control group (cultural-neutral)50–604.130******
Control group (cultural-neutral)40–494.139******
Group 2 (“the cruise” contemporary narrative)30–394.176******
Group 3 (“the road trip” progressive narrative)50–604.333******
Control group (cultural-neutral)30–394.398******
Group 1 (“the clinic” conservative narrative)50–604.407******
Group 3 (“the road trip” progressive narrative)40–494.500***
Group 2 (“the cruise” contemporary narrative)50–604.620***

Cronbach's alpha for brand associations scale

Brand association scaleCronbach's alpha (for scale = 0.954)

For constructWhen excluded

Item 1Item 2Item 3
PV0.9040.8670.8320.887
BP0.8470.7470.7360.876
OA0.9370.9000.9090.917

Two-way ANOVA results for separate brand associations

EffectavPVavBPavOA



F statisticsp-valueF statisticsp-valueF statisticsp-Value
Intercept4845.2440.0004374.7550.0004223.9750.000
Brand narrative0.8450.4700.5230.6670.8810.451
Age1.0300.3582.4700.0860.3430.710
Brand narrative × age1.9890.0662.5310.020*2.0190.062

Results of two-way MANOVA test

EffectTestTest valueFEffect dfError dfp-value
InterceptWilks’ Lambda0.0761696.51234180
Hotelling's T212.1761696.51234180
Brand narrativeWilks’ Lambda0.9771.09391017.4530.365
Hotelling's T20.0241.093912500.365
AgeWilks’ Lambda0.981.42268360.202
Hotelling's T20.021.42468340.202
Brand narrative × ageWilks’ Lambda0.9411.417181182.7680.114
Hotelling's T20.0611.4181812500.113

Dependent variables – brand associations metrics and questions for the questionnaire

Brand associations scale

ConstructSymbolItemReference
PVPV1Brand X is good value for moneyLassar et al. [1995], Aaker [1996], Netemeyer et al. [2004] in: Buil et al. [2008]
PV2Within insurance companies I consider brand X a good buy
PV3Considering what I would pay for brand X, I would get much more than my money's worth
BPBP1Brand X has a personalityAaker [1996] in: Buil et al. [2008]
BP2Brand X is interesting
BP3I have a clear image of the type of person who would use brand X
Organizational associationsOA1I trust the company which makes brand XAaker [1996]; Pappu et al. [2005, 2006] in: Buil et al. 2008]
OA2I like the company which makes brand X
OA3The company which makes brand X has credibility

Types of cultural codes of retirement

MetaphorResidual code: “the clinic”Dominant code: “the cruise”Emergent code: “the road trip”
Verbal and visual signs used in a codeThe end of the road, resignation, immobility, surrenderA closed circuit, controlled and directed, gazing into the sunset, spectating, anchored, transcendenceThe open road, control, self-directed, discovery, mobility, freedom, living the dream, staying in the game.
Emotional needsTo satisfy fear and apprehensionCaring, security, relationshipFreedom, impact, control, discovery, fun

Results of manipulation check – within group means and homogeneous groups

Narration recognized asControl groupCultural-neutral narrative (no manipulation)Group 1Narrative 1 “the clinic” (conservative)Group 2Narrative 2 “the cruise” (contemporary)Group 3Narrative 3 “the road trip” (progressive)
Conservative3.75*4.00*3.375*3.750*
Contemporary5.06**4.50*4.000**5.063**
Progressive5.12**4.50*5.063**5.250**

Correlations coefficients between items

ConstructItem no.Item 1Item 2Item 3
PVItem 11.0000.7980.713
Item 20.7981.0000.766
Item 30.7130.7661.000
BPItem 11.0000.7820.588
Item 20.7821.0000.598
Item 30.5880.5981.000
OAItem 11.0000.8500.840
Item 20.8501.0000.819
Item 30.8400.8191.000

Tests for homogeneity of variances of stimuli groups

Brand associationsHartley's FmaxCochran's CBarttlet's Chi-squaredd-fp-value
PV1.5320.3105.04430.169
BP1.5410.2935.17930.159
OA1.4300.3033.73230.292

Means and SDs of brand associations constructs

AgeavPVMean and SDavBPMean and SDavOAMean and SD
Control group (cultural-neutral)
30–394.2870.2044.3980.1984.2780.224
40–494.2780.1834.1390.1834.0740.185
50–604.1200.1874.1300.2043.8890.194
Group 1 (“the clinic” conservative narrative)
30–394.2780.2654.1200.2914.0370.272
40–493.8150.2663.9910.2583.7500.259
50–604.2040.1584.4070.1554.0000.187
Group 2 (“the cruise” contemporary narrative)
30–394.3150.2094.1760.2284.1480.208
40–494.2500.2014.1110.2174.0280.209
50–604.5370.2304.6200.2324.4630.217
Group 3 (“the road trip” progressive narrative)
30–393.6570.2353.4170.2443.6300.218
40–494.4170.2014.5000.2124.4720.227
50–604.5000.1464.3330.1804.2500.193
DOI: https://doi.org/10.2478/ijme-2022-0005 | Journal eISSN: 2543-5361 | Journal ISSN: 2299-9701
Language: English
Page range: 17 - 32
Submitted on: Feb 7, 2022
Accepted on: Mar 31, 2022
Published on: Mar 31, 2022
Published by: Warsaw School of Economics
In partnership with: Paradigm Publishing Services
Publication frequency: 4 issues per year

© 2022 Monika Hajdas, Joanna Radomska, Aleksandra Szpulak, Susana C. Silva, published by Warsaw School of Economics
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.