Přehled o publikaci
2023
Relationship Between Customer Expectations and Financial Performance of Food Industry Businesses in a Customer Satisfaction Model
SUCHÁNEK, Petr and Maria KRÁLOVÁBasic information
Original name
Relationship Between Customer Expectations and Financial Performance of Food Industry Businesses in a Customer Satisfaction Model
Authors
SUCHÁNEK, Petr and Maria KRÁLOVÁ
Edition
Economic and Business Review, LJUBLJANA, Ljubljana Ekonomska fakulteta, 2023, 1580-0466
Other information
Language
English
Type of outcome
Article in a journal
Country of publisher
Slovenia
Confidentiality degree
is not subject to a state or trade secret
Marked to be transferred to RIV
Yes
RIV identification code
RIV/00216224:14560/23:00130916
Organization
Ekonomicko-správní fakulta – Repository – Repository
Keywords in English
customer expectations; customer satisfaction; food industry; financial performance; ROA
Changed: 1/2/2026 00:51, RNDr. Daniel Jakubík
Abstract
In the original language
Research on customer satisfaction in repeat purchases shows that the relationship between customer expectations and customer satisfaction can be inverse to what is commonly reported. This also has an impact on the financial performance of an enterprise, which is therefore directly influenced by customer expectations. The goal of this paper is to determine whether customer satisfaction affects customer expectations and whether these expectations have a direct impact on the financial performance of an enterprise. The variables representing factors of customer satisfaction, including customer expectations, are measured using a customer survey. Business financial performance (BFP) was measured using the ROA, ROE, and Asset Turnover indicators. The model was created using Structural Equation Modelling. The research confirmed a positive direct effect of customer expectations on BFP (specifically ROA). Customer satisfaction impacted financial performance indirectly via customer expectations in two years. This suggests that the influence of customer expectations on BFP is long-term in nature, although this effect is rather weak. As customers make repeat purchases, customer expectations change. These changes reflect relationships primarily with customer satisfaction and loyalty and BFP. Customer satisfaction is shown to influence customer expectations, which in turn influence BFP. Therefore, it is advisable to focus on (raising) customer expectations in repeat purchases if the businesses want to achieve higher financial performance.