Return on investment in Social Media. A literature review

Authors

DOI:

https://doi.org/10.22267/rtend.212202.179

Keywords:

costs, financial performance, marketing, profitability, earnings

Abstract

This paper develops a literature review on the subject of return on investment in social media (social media ROI). Articles that mostly correspond to the Top Marketing Journals were reviewed, focusing mainly on the last ten years in the ISI Web of Science and Scopus databases. As a result of this search, it is possible to account for the current state of what the literature proposes regarding the estimation of ROI in social media, concluding that in the absence of traditional marketing and standardized best practices, some resort to the return of investment (ROI) as a means of testing the contributions that social media generates, despite the fact that in the marketing environment there seems to be no consensus on what ROI is.

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Author Biographies

Judith Vergara Garavito, EAFIT University

Doctor of Administration, CENTRUM Catolica Graduate Business School (CCGBS), Peru. Professor of the Department of Finance, School of Economics and Finance, EAFIT University. ORCiD: 0000-0002-7466-944X. E-mail: jvergar8@eafit.edu.co, Colombia.

Pilar Álvarez Franco, EAFIT University

Doctor of Administration, CENTRUM Catolica Graduate Business School (CCGBS), Peru. Professor of the Department of Finance, School of Economics and Finance, EAFIT University. ORCiD: 0000-0002-8557-6345. E-mail: palvare6@eafit.edu.co, Colombia.

Maribel Serna Rodríguez, EAFIT University

Doctor of Administration, CENTRUM Catolica Graduate Business School (CCGBS), Peru. Professor of the Department of Organization and Management, School of Administration, EAFIT University. ORCiD: 0000- 0002-0349-9500. E-mail: mserna@eafit.edu.co, Colombia.

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Published

2021-07-01

How to Cite

Vergara Garavito, J., Álvarez Franco, P., & Serna Rodríguez, M. (2021). Return on investment in Social Media. A literature review. Tendencias, 22(2), 331–348. https://doi.org/10.22267/rtend.212202.179