The Role of ESG Activities in Strengthening Fan Trust and Loyalty: A Societal Perspective on Sustainable Sports Business
Abstract
:1. Introduction
2. Theoretical Background and Research Hypotheses
2.1. Social Exchange Theory
2.2. ESG
2.3. Club Trust
2.4. Fan Citizenship
2.5. ESG and Sustainability in Sport Management Research
2.6. Research Hypotheses Development
3. Method
3.1. Sampling and Data Collection
3.2. Measure
3.3. Dana Analysis
3.4. Validity and Reliability
4. Results
4.1. Model Fit and Structural Model
4.2. Tests of Moderating Effect
5. Discussion and Conclusions
5.1. Theoretical Implications
5.2. Practical Implications
5.3. Limitations and Future Research
Author Contributions
Funding
Institutional Review Board Statement
Informed Consent Statement
Data Availability Statement
Conflicts of Interest
References
- Sciarelli, M.; Cosimato, S.; Landi, G.; Iandolo, F. Socially responsible investment strategies for the transition towards sustainable development: The importance of integrating and communicating ESG. TQM J. 2021, 33, 39–56. [Google Scholar] [CrossRef]
- Chen, S.; Song, Y.; Gao, P. Environmental, social, and governance (ESG) performance and financial outcomes: Analyzing the impact of ESG on financial performance. J. Environ. Manag. 2023, 345, 118829. [Google Scholar] [CrossRef]
- Eccles, N.S. UN principles for responsible investment signatories and the anti-apartheid SRI movement: A thought experiment. J. Bus. Ethics 2010, 95, 415–424. [Google Scholar] [CrossRef]
- Lokuwaduge, C.S.D.S.; Heenetigala, K. Integrating environmental, social and governance (ESG) disclosure for a sustainable development: An Australian study. Bus. Strategy Environ. 2017, 26, 438–450. [Google Scholar] [CrossRef]
- Tsang, A.; Frost, T.; Cao, H. Environmental, social, and governance (ESG) disclosure: A literature review. Br. Account. Rev. 2023, 55, 101149. [Google Scholar] [CrossRef]
- Park, B.-Y.; Seo, H.-J. Development of ESG evaluation model for professional sports clubs. Korean J. Phys. Educ. 2022, 61, 411–426. [Google Scholar]
- Sheth, H.; Babiak, K.M. Beyond the game: Perceptions and practices of corporate social responsibility in the professional sport industry. J. Bus. Ethics 2010, 91, 433–450. [Google Scholar] [CrossRef]
- An, S. Disposable Items Disappearing from Sports Arenas? Emerging Green Sports! Citizens Respond Positively. Daily Environment. 21 December 2022. Available online: https://www.dailyt.co.kr/newsView/dlt202212200006 (accessed on 25 December 2024).
- Lee, H.J.; Rhee, T.H. How does corporate ESG management affect consumers’ brand choice? Sustainability 2023, 15, 6795. [Google Scholar] [CrossRef]
- Friede, G.; Busch, T.; Bassen, A. ESG and financial performance: Aggregated evidence from more than 2000 empirical studies. J. Sustain. Finance Invest. 2015, 5, 210–233. [Google Scholar] [CrossRef]
- Kim, H.W.; Kankanhalli, A.; Lee, S.H. Examining gifting through social network services: A social exchange theory perspective. Inf. Syst. Res. 2018, 29, 805–828. [Google Scholar] [CrossRef]
- Tripopsakul, S.; Puriwat, W. Understanding the impact of ESG on brand trust and customer engagement. J. Hum. Earth Future 2022, 3, 430–440. [Google Scholar] [CrossRef]
- Pan, P.L.; Phua, J. Connecting sponsor brands through sports competitions: An identity approach to brand trust and brand loyalty. Sport Bus. Manag. 2021, 11, 164–184. [Google Scholar] [CrossRef]
- Casper, J.M.; McCullough, B.P.; Pfahl, M.E. Examining environmental fan engagement initiatives through values and norms with intercollegiate sport fans. Sport Manag. Rev. 2020, 23, 348–360. [Google Scholar] [CrossRef]
- Jeon, J.-W. The Effect of Consumers’ Perception of Corporate ESG Activities on Trust, Consumer-Company Identification, and Loyalty: The Moderating Role of Consumer Citizenship. Ph.D. Thesis, Ewha Womans University, Seoul, Republic of Korea, 2022. [Google Scholar]
- Homans, G.C. Social behavior as exchange. Am. J. Sociol. 1958, 63, 597–606. [Google Scholar] [CrossRef]
- Blau, P.M. Justice in social exchange. Sociol. Inq. 1964, 34, 193–206. [Google Scholar] [CrossRef]
- Emerson, R.M. Social exchange theory. Annu. Rev. Sociol. 1976, 2, 335–362. [Google Scholar] [CrossRef]
- Lambe, C.J.; Wittmann, C.M.; Spekman, R.E. Social exchange theory and research on business-to-business relational exchange. J. Bus. Bus. Mark. 2001, 8, 1–36. [Google Scholar] [CrossRef]
- Cropanzano, R.; Mitchell, M.S. Social exchange theory: An interdisciplinary review. J. Manag. 2005, 31, 874–900. [Google Scholar] [CrossRef]
- Gouldner, A.W. The norm of reciprocity: A preliminary statement. Am. Sociol. Rev. 1960, 25, 161–178. [Google Scholar] [CrossRef]
- Organ, D.W. Organizational Citizenship Behavior: The Good Soldier Syndrome; Lexington Books: Lexington, MA, USA, 1988. [Google Scholar]
- Tepper, B.J.; Taylor, E.C. Relationships among supervisors’ and subordinates’ procedural justice perceptions and organizational citizenship behaviors. Acad. Manag. J. 2003, 46, 97–105. [Google Scholar] [CrossRef]
- Aluchna, M.; Roszkowska-Menkes, M.; Kamiński, B. From talk to action: The effects of the non-financial reporting directive on ESG performance. Meditari Account. Res. 2023, 31, 1–25. [Google Scholar] [CrossRef]
- Meyer, J.W.; Rowan, B. Institutionalized organizations: Formal structure as myth and ceremony. Am. J. Sociol. 1977, 83, 340–363. [Google Scholar] [CrossRef]
- Deegan, C.; Unerman, J. Financial Accounting Theory, 2nd ed.; McGraw-Hill Education: Maidenhead, UK, 2011. [Google Scholar]
- Prior, D.; Surroca, J.; Tribó, J.A. Are socially responsible managers really ethical? Exploring the relationship between earnings management and corporate social responsibility. Corp. Gov. Int. Rev. 2008, 16, 160–177. [Google Scholar] [CrossRef]
- Luo, X.; Bhattacharya, C.B. Corporate social responsibility, customer satisfaction, and market value. J. Mark. 2006, 70, 1–18. [Google Scholar] [CrossRef]
- Surroca, J.; Tribó, J.A.; Waddock, S. Corporate responsibility and financial performance: The role of intangible resources. Strateg. Manag. J. 2010, 31, 463–490. [Google Scholar] [CrossRef]
- Islam, M.N.; Furuoka, F.; Idris, A. Mapping the relationship between transformational leadership, trust in leadership and employee championing behavior during organizational change. Asia Pac. Manag. Rev. 2021, 26, 95–102. [Google Scholar] [CrossRef]
- Chaudhuri, A.; Holbrook, M.B. The chain of effects from brand trust and brand affect to brand performance: The role of brand loyalty. J. Mark. 2001, 65, 81–93. [Google Scholar] [CrossRef]
- Mayer, R.C.; Davis, J.H.; Schoorman, F.D. An integrative model of organizational trust. Acad. Manag. Rev. 1995, 20, 709–734. [Google Scholar] [CrossRef]
- Dirks, K.T.; Ferrin, D.L. Trust in leadership: Meta-analytic findings and implications for research and practice. J. Appl. Psychol. 2002, 87, 611–628. [Google Scholar] [CrossRef]
- Hunt, S.D.; Morgan, R.M. Relationship marketing in the era of network competition. Mark. Manag. 1994, 3, 18–28. [Google Scholar]
- Schurr, P.H.; Ozanne, J.L. Influences on exchange processes: Buyers’ preconceptions of a seller’s trustworthiness and bargaining toughness. J. Consum. Res. 1985, 11, 939–953. [Google Scholar] [CrossRef]
- Lee, E.M.; Yoon, S.J. The effect of customer citizenship in corporate social responsibility (CSR) activities on purchase intention: The important role of the CSR image. Soc. Responsib. J. 2018, 14, 753–763. [Google Scholar] [CrossRef]
- Yoon, S.J. Role of social capital and consumer citizenship on sharing economy participation on O2O retail platforms. J. Distrib. Sci. 2021, 19, 55–64. [Google Scholar]
- Bai, Y.; Wang, Z.; Huang, Q.; Ding, H. The impact of ESG performance on corporate value in listed sports companies: The mediating role of intangible assets and moderating role of policy environment. Sustainability 2025, 17, 2523. [Google Scholar] [CrossRef]
- Yi, W.; Yang, Q. The influence of ESG performance on corporate value: An empirical analysis of Chinese A-share listed sports companies. Sage Open 2024, 14, 1–15. [Google Scholar] [CrossRef]
- Myung, W. Conceptualization of ESG management values of professional sports clubs: From consumers’ perspective. Sustainability 2024, 16, 7257. [Google Scholar] [CrossRef]
- Chou, Y.L.; Chen, C.Y.; Lin, T.H.; Zhou, Y.W.; Lee, Y.F. The role of ESG participation in sports sponsorship: Enhancing consumer purchase intention through electronic word of mouth (eWOM). Sustainability 2024, 16, 10744. [Google Scholar] [CrossRef]
- Gerke, A.; Fehrer, J.; Benson-Rea, M.; McCullough, B.P. A typology of circular sport business models: Enabling sustainable value co-creation in the sport industry. J. Sport Manag. 2024, 38, 225–239. [Google Scholar] [CrossRef]
- Tettamanzi, P.; Grazioli, F.; Murgolo, M. The quest for sustainable sports management: Evidence from the football industry. Sport Bus. Manag. 2024, 14, 261–286. [Google Scholar] [CrossRef]
- Kramer, M.R.; Porter, M.E. Strategy and society: The link between competitive advantage and corporate social responsibility. Harv. Bus. Rev. 2006, 84, 78–92. [Google Scholar]
- Kim, K.H.; Park, J.I.; Song, Y.G. Characteristics of thermal comfort in environment chamber for winter. Int. J. Air Cond. Refrig. 2000, 8, 73–83. [Google Scholar]
- Chaimankong, B.; Chetthamrongchai, P.; Wanarat, S.; Laohavichien, T. The antecedents of consumer trust on environmental friendly products: The evidence from Thailand. MUT J. Bus. Adm. 2012, 9, 166–189. [Google Scholar]
- Vinoth, S.; Srivastava, N.; Mittal, A. How Does Green Trust Mediate the Relationship Between Environmental Concern and Green Brand Knowledge During Green Purchases? Global Knowl. Mem. Commun. 2024; in press. [Google Scholar] [CrossRef]
- Gunawan, S.; Budiarsi, S.Y.; Hartini, S. Authenticity as a corporate social responsibility platform for building customer loyalty. Cogent Bus. Manag. 2020, 7, 1775023. [Google Scholar] [CrossRef]
- Kotler, P.; Lee, N. Corporate Social Responsibility: Doing the Most Good for Your Company and Your Cause; Wiley: Hoboken, NJ, USA, 2005. [Google Scholar]
- Barich, H.; Kotler, P. A framework for marketing image management. MIT Sloan Manag. Rev. 1991, 32, 94–104. [Google Scholar]
- Kim, B.; Eom, K. The effect of corporate social responsibility on customer loyalty through trust and corporate-consumer identification. Manag. Sci. 2014, 31, 117–134. [Google Scholar]
- An, Y. The Effect of Corporate ESG Activities on Customer Loyalty: Focusing on IT Platform Companies. Ph.D. Thesis, Soongsil University, Seoul, Republic of Korea, 2021. [Google Scholar]
- Park, Y.; Han, S. The effect of corporate ESG activities on corporate image, perceived price fairness, and consumer responses. Korean J. Bus. Adm. 2021, 50, 643–664. [Google Scholar]
- Liang, B. How brand experience, satisfaction, trust, and commitment affect loyalty: A reexamination and reconciliation. Ital. J. Mark. 2022, 2022, 203–231. [Google Scholar] [CrossRef]
- Breitsohl, H.; Zöhrer, L.; Ruhle, S.A. Presenteeism is reloaded and ready for further research: A commentary on Priebe, J. and Hagerbaumer, M.Z. Arb. Org. Psychol. 2023, 67, 166–171. [Google Scholar]
- Nguyen, N.; Pervan, S. Retailer corporate social responsibility and consumer citizenship behavior: The mediating roles of perceived consumer effectiveness and consumer trust. J. Retail. Consum. Serv. 2020, 55, 102082. [Google Scholar]
- Lee, E.Y.; Yoon, K.H. Epidemic obesity in children and adolescents: Risk factors and prevention. Front. Med. 2018, 12, 658–666. [Google Scholar] [CrossRef]
- Turker, D. Measuring corporate social responsibility: A scale development study. J. Bus. Ethics 2009, 85, 411–427. [Google Scholar] [CrossRef]
- Öberseder, M.; Schlegelmilch, B.B.; Murphy, P.E.; Gruber, V. Consumers’ perceptions of corporate social responsibility: Scale development and validation. J. Bus. Ethics 2014, 124, 101–115. [Google Scholar] [CrossRef]
- Kang, S. The impact of corporate social responsibility evaluation on corporate brand image and favorability: Focusing on the moderating effect of prior interest in CSR. J. Korea Contents Assoc. 2021, 21, 206–221. [Google Scholar]
- Sirdeshmukh, D.; Singh, J.; Sabol, B. Consumer trust, value, and loyalty in relational exchanges. J. Mark. 2002, 66, 15–37. [Google Scholar] [CrossRef]
- Lin, H.H.; Wang, Y.S. An examination of the determinants of customer loyalty in mobile commerce contexts. Inf. Manag. 2006, 43, 271–282. [Google Scholar] [CrossRef]
- Yi, Y.; Gong, T. The effects of customer justice perception and affect on customer citizenship behavior and customer dysfunctional behavior. Ind. Mark. Manag. 2008, 37, 767–783. [Google Scholar] [CrossRef]
- Kim, J.; Lee, K. Components of consumer citizenship and differences across consumption areas. J. Consum. Stud. 2009, 20, 27–51. [Google Scholar]
- Hooper, D.; Coughlan, J.; Mullen, M. Structural equation modelling: Guidelines for determining model fit. Electron. J. Bus. Res. Methods 2008, 6, 53–60. [Google Scholar]
- Tabachnick, B.G.; Fidell, L.S. Experimental Designs Using ANOVA; Duxbury Press: Belmont, CA, USA, 2007. [Google Scholar]
- Ladhari, R.; Cheikhrouhou, S.; Morales, M.; Zaaboub, E. Antecedents and consequences of emotional attachment to sport teams brands. J. Brand Manag. 2022, 29, 454–469. [Google Scholar] [CrossRef]
- Lai, M.Y.; Fotiadis, A.K.; Abu-ElSamen, A.; Beede, P. Analysing the effect of membership and perceived trust on sport events electronic word-of-mouth (eWOM) intention. Tour. Recreat. Res. 2022, 47, 91–104. [Google Scholar] [CrossRef]
- O’Boyle, I.; Shilbury, D. Exploring Issues of Trust in Collaborative Sport Governance. J. Sport Manag. 2016, 30, 52–64. [Google Scholar] [CrossRef]
- Morales, N.; Schubert, M. Selected Issues of (Good) Governance in North American Professional Sports Leagues. J. Risk Financ. Manag. 2022, 15, 515. [Google Scholar] [CrossRef]
- Ghorbanzadeh, D.; Rahehagh, A.; Sharbatiyan, M. The effects of online brand communities in enhancing sport team brand equity: Role of brand attachment and consumer brand engagement. Sport Bus. Manag. 2024, 14, 604–626. [Google Scholar] [CrossRef]
Variable | Item | |
---|---|---|
Environmental activities | 1 | This club develops and implements plans to protect the environment. |
2 | This club uses renewable energy and eco-friendly facilities. | |
3 | This club actively recycles waste and promotes green products. | |
4 | This club organizes campaigns to raise environmental awareness. | |
Social activities | 1 | This club supports the local community through social contribution programs. |
2 | This club organizes charity events and donations to support underprivileged groups. | |
3 | This club encourages employees and athletes to participate in volunteer activities to support the local community. | |
4 | This club donates funds and resources to support social and cultural development. | |
Governance activities | 1 | This club operates transparently by complying with laws and ethical standards. |
2 | This club prevents corruption and misconduct through strict governance policies. | |
3 | This club ensures fairness and accountability in leadership and decision-making processes. | |
4 | This club actively discloses financial and managerial information to maintain transparency and trust. | |
Fan trust | 1 | I trust this club to act in the best interest of its fans. |
2 | This club is honest and transparent in its operations. | |
3 | I believe this club keeps its promises to fans. | |
4 | This club is highly competent in managing its team and activities. | |
Fan loyalty | 1 | I intend to continue attending this club’s games as long as circumstances allow. |
2 | I plan to maintain a long-term positive relationship with this club. | |
3 | I feel good about supporting this club, regardless of others’ opinions. | |
4 | I would recommend this club to others. | |
Fan citizenship | 1 | I believe this club has a responsibility to set a positive example in the community. |
2 | I consider this club’s social and environmental impact when supporting it. | |
3 | I participate in campaigns and initiatives organized by this club. | |
4 | I promote this club’s socially responsible activities to others. |
Variables | Standardized Loadings | CR | AVE | Cronbach’s α | |
---|---|---|---|---|---|
Environmental activities | 1 | 0.952 | 0.968 | 0.882 | 0.956 |
2 | 0.848 | ||||
3 | 0.949 | ||||
4 | 0.944 | ||||
Social activities | 1 | 0.786 | 0.881 | 0.649 | 0.866 |
2 | 0.820 | ||||
3 | 0.732 | ||||
4 | 0.826 | ||||
Governance activities | 1 | 0.874 | 0.944 | 0.808 | 0.908 |
2 | 0.879 | ||||
3 | 0.876 | ||||
4 | 0.732 | ||||
Fan trust | 1 | 0.805 | 0.863 | 0.612 | 0.711 |
2 | 0.738 | ||||
3 | 0.705 | ||||
4 | 0.686 | ||||
Fan loyalty | 1 | 0.881 | 0.965 | 0.872 | 0.948 |
2 | 0.901 | ||||
3 | 0.902 | ||||
4 | 0.953 | ||||
Fan citizenship | 1 | 0.911 | 0.936 | 0.785 | 0.922 |
2 | 0.899 | ||||
3 | 0.902 | ||||
4 | 0.914 |
Dependent Variable | Estimation Type | Effect | Estimate | SE | Z | p |
---|---|---|---|---|---|---|
Fan Trust (H5-1) | Moderation | ESG activities | 0.82274 | 0.0218 | 37.710 | <0.001 |
Fan citizenship | −0.01282 | 0.0172 | −0.746 | 0.456 | ||
ESG activities × Fan citizenship | 0.00811 | 0.0215 | 0.377 | 0.706 | ||
Fan Loyalty (H5-2) | Moderation | ESG activities | 0.712 | 0.0338 | 21.05 | <0.001 |
Fan citizenship | 0.143 | 0.0267 | 5.36 | <0.001 | ||
ESG activities × Fan citizenship | 0.200 | 0.0334 | 5.99 | <0.001 | ||
Simple slope | Average | 0.712 | 0.0349 | 20.4 | <0.001 | |
Low (−1SD) | 0.549 | 0.0522 | 10.5 | <0.001 | ||
High (+1SD) | 0.875 | 0.0357 | 24.5 | <0.001 |
Disclaimer/Publisher’s Note: The statements, opinions and data contained in all publications are solely those of the individual author(s) and contributor(s) and not of MDPI and/or the editor(s). MDPI and/or the editor(s) disclaim responsibility for any injury to people or property resulting from any ideas, methods, instructions or products referred to in the content. |
© 2025 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (https://creativecommons.org/licenses/by/4.0/).
Share and Cite
Kim, D.; Jeong, Y. The Role of ESG Activities in Strengthening Fan Trust and Loyalty: A Societal Perspective on Sustainable Sports Business. Societies 2025, 15, 119. https://doi.org/10.3390/soc15050119
Kim D, Jeong Y. The Role of ESG Activities in Strengthening Fan Trust and Loyalty: A Societal Perspective on Sustainable Sports Business. Societies. 2025; 15(5):119. https://doi.org/10.3390/soc15050119
Chicago/Turabian StyleKim, Dohun, and Yunduk Jeong. 2025. "The Role of ESG Activities in Strengthening Fan Trust and Loyalty: A Societal Perspective on Sustainable Sports Business" Societies 15, no. 5: 119. https://doi.org/10.3390/soc15050119
APA StyleKim, D., & Jeong, Y. (2025). The Role of ESG Activities in Strengthening Fan Trust and Loyalty: A Societal Perspective on Sustainable Sports Business. Societies, 15(5), 119. https://doi.org/10.3390/soc15050119