Emotional Capital and the Economics of Brand Intimacy: Reconstructing Value Creation in Experience-Driven Markets
Dr. Sofia Alvarez , Department of Marketing and Behavioral Economics, University of Buenos Aires, ArgentinaAbstract
In increasingly saturated and experience-driven markets, firms are compelled to differentiate not merely through functional offerings but through emotionally resonant engagements. This study introduces the concept of “emotional capital” as a critical yet under-theorized dimension of value creation, examining how affective connections between brands and consumers influence economic outcomes. While traditional marketing frameworks emphasize utility, price, and quality, contemporary dynamics suggest that emotional attachment plays an equally significant—if not dominant—role in shaping consumer preferences and loyalty.
Using a conceptual-analytical approach, the research integrates insights from marketing theory, behavioral economics, and strategic management to develop a multidimensional framework of brand intimacy. The findings indicate that emotional capital operates as a form of intangible asset that enhances perceived value, stabilizes demand, and reduces price sensitivity. However, the accumulation of such capital is neither linear nor entirely controllable, as it depends on subjective interpretations, cultural contexts, and evolving consumer expectations.
The study also identifies a paradox inherent in emotional branding: while deeper emotional engagement can strengthen customer relationships, it simultaneously increases vulnerability to reputational risks and consumer backlash. This duality complicates managerial decision-making, requiring a balance between authenticity and strategic intent.
The paper concludes by exploring the broader economic implications of emotional capital, including its role in market differentiation and competitive advantage. It calls for a reorientation of marketing and management practices to account for the affective dimensions of value creation, emphasizing the need for ethical sensitivity and long-term relational thinking.
Keywords
Emotional Capital, Brand Intimacy, Consumer Psychology, Experiential Marketing, Economic Value, Strategic Management, Customer Engagement
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