Journal of Innovation in Business and Economics
Vol. 9 No. 01 (2025): Journal of Innovation in Business and Economics

Exploring the role of brand image and influencer marketing in a monopolistic competitive market

Andi Mappatompo (Universitas Muhammadyah Makassar, Indonesia)
Suhermin Suhermin (Sekolah Tinggi Ilmu Ekonomi Indonesia Surabaya, Indonesia)
Martaleni Martaleni (Universitas Gajayana Malang, Indonesia)
Fitria Ariyani (Universitas Gajayana Malang, Indonesia)



Article Info

Publish Date
28 Mar 2025

Abstract

This study aims to analyze the influence of influencer marketing on purchasing intention with brand image as a mediating variable in a monopolistic competitive market. Using the Robust Least Square method, this study tested data from 100 respondents selected through purposive sampling: consumers who actively use body care products daily. The study results indicate that influencer marketing significantly influences building brand image, which becomes the main factor in increasing purchasing intention. However, no direct effect was found between influencer marketing and purchasing intention, thus emphasizing the role of brand image as a link between the two. In a monopolistic market, where competition focuses on non-price differentiation, brand image has proven to be a strategic asset that strengthens brand position. Influencer marketing helps create emotional narratives, credibility through endorsements, and personal relationships with audiences, all of which enhance brand image. Overall, this study emphasizes the importance of brand image management as the core of a digital marketing strategy. With a strong brand image, companies can increase purchasing intention, create consumer loyalty, expand product portfolios, and increase competitiveness in a dynamic industry

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Journal Info

Abbrev

jibe

Publisher

Subject

Economics, Econometrics & Finance

Description

The Journal of Innovation in Business and Economics (JIBE) is published by the Department of Economics and Business at University of Muhammadiyah Malang in 2017. Previously this journal was known as Jurnal Media Ekonomi that was initially published in 2000. In 2011 until 2016, this journal was ...