When the going gets tough, ads become straightforward but multi-appealed: The influence of the recession on financial services advertising appeals

Although many scholars and researchers have contributed to the sizeable literature on the relationship between advertising and society, few have examined economic circumstances as a meaningful force shaping advertising. This study provides the empirical evidence that changes in economic conditions,...

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Bibliographic Details
Published in:Journal of financial services marketing 2011-12, Vol.16 (3-4), p.230-243
Main Authors: Ahn, Hongmin, Song, Young-A, Sung, Yongjun
Format: Article
Language:English
Subjects:
20th century
Advertising
Advertising expenditures
Bank marketing
Budgets
Consumers
Economic conditions
Economic crisis
Economics and Finance
Finance
Financial Services
Influence
Market planning
Marketing
Original Article
Print advertising
Recessions
Society
Statistical analysis
Studies
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Summary:Although many scholars and researchers have contributed to the sizeable literature on the relationship between advertising and society, few have examined economic circumstances as a meaningful force shaping advertising. This study provides the empirical evidence that changes in economic conditions, the recession in particular, can transform advertising appeals. The analysis of 1488 financial services ads placed in two popular US magazines showed that the patterns of appeals have turned to direct assertive styles in the wake of the economic crisis of the period 2008–2009. At the same time, however, ads during this recession period have used a far wider variety of strategic and tactical appeals than those in pre-recession era.
ISSN:1363-0539
1479-1846
DOI:10.1057/fsm.2011.17