Using evaluative conditioning to explain corporate co-branding in the context of sport sponsorship
University of Macedonia, Greece
Aristotle University of Thessaloniki, Greece
University of Oregon, USA
According to IEG’s industry review and forecast (2012), global spending in sponsorship grew by 5.1% in 2011 and reached $48.6 billion, despite the negative economic environment. For 2012, it was predicted that worldwide spending would still be increasing by 4.9%, reaching $51 billion. These increased investments in sponsorship relate to its effectiveness as a marketing communication tool. Increasing brand awareness, establishing or changing brand image, and building brand equity have been reported as the most frequent reasons for a company to enter into a sponsorship deal (Cornwell et al. 2001; Motion et al. 2003).