With the rapid rise of the Intellectual Property(IP) economy, cross-brand
collaboration through IP co-branding has become a crucial strategy for
enterprises to achieve differentiation and cultural communication. IP co-branding
is not only a marketing ...
With the rapid rise of the Intellectual Property(IP) economy, cross-brand
collaboration through IP co-branding has become a crucial strategy for
enterprises to achieve differentiation and cultural communication. IP co-branding
is not only a marketing activity but also a process of cultural symbol
co-creation. Through the cultural values, personality traits, and emotional
imagery embedded in IP characters, brands can influence consumers’ cognitive
evaluation and purchase decisions. However, existing studies have mainly
focused on brand extension and symbolic communication, lacking a systematic
examination of the psychological mechanisms underlying consumers’ responses to
IP co-branding. Therefore, drawing on the Stimulus-Organism-Response(S-O-R)
theoretical framework, this study constructs an integrated model to explore howIP co-branding product attributes, perceived value, and brand preference affect
consumers’ purchase intention, while incorporating cultural identity as a
moderating variable.
In this study, the attributes of IP co-branded products-namely brand
awareness, congruence, and scarcity-are defined as external stimuli. Consumers’
perceived value(perceived cost, emotional value, and social value) and brand
preference(cognitive and affective) are treated as organismic variables, while
purchase intention is defined as the behavioral response. Cultural identity is
introduced as a moderator to test its effect on the relationship between brand
preference and purchase intention. Data were collected through an online survey,
yielding 957 valid responses from Chinese consumers who had purchased or
experienced IP co-branded products within the past year, particularly those
belonging to Generation Z and Millennials. The data were analyzed using a
combined PLS-SEM(Partial Least Squares Structural Equation Modeling) and
SPSS 29.0 approach. Reliability and validity tests, structural model assessment,
and bootstrapping(5,000 resamples) were conducted to ensure model robustness
and explanatory power. In addition, interaction term and multi-group analyses
were performed to test the moderating effect of cultural identity.
The empirical results are as follows. First, IP co-branding product attributes
have a significant positive impact on both perceived value and brand preference.
Among them, brand awareness and congruence exert the strongest effects, while
scarcity enhances short-term purchase intention in specific contexts. Second,
perceived value plays a significant mediating role between IP co-branding
attributes and purchase intention, with emotional and social values serving as
the primary psychological drivers. Third, brand preference was confirmed to play
a partial mediating role in the relationship between IP co-branding product
attributes and purchase intention. A comparison of the relative magnitudes of
the mediating effects further indicated that affective preference exerted a
stronger influence than cognitive preference. Finally, cultural identity was found
to have a significant positive moderating effect on the relationship between IP
co-branding product attributes and brand preference, such that when consumers’
level of cultural identity with the IP was higher, the influence of IP co-branding
product attributes on brand preference was significantly strengthened. The
overall model demonstrates high explanatory power(R²) and predictive
relevance(Q²), consistent with the theoretical expectations of the S-O-Rframework.
Theoretically, this study contributes in three key ways.(1) It introduces the
S-O-R model into the context of IP co-branding, revealing the complete path
from stimulus to psychological response to behavioral intention.(2) It establishes
a dual-mediating mechanism of ‘perceived value-brand preference,’ enriching the
multi-level understanding of consumer psychological responses.(3) It verifies the
moderating role of cultural identity in cross-brand strategies, extending the
theoretical scope of brand culture research. Practically, the findings provide
actionable insights for enterprises to develop IP co-branding strategies: brands
should align on cultural congruence, value creation, and emotional communication
to strengthen consumer identification and enhance purchase intention through
emotional resonance and cultural connection.