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Examining the Value Co-Creation Model in Motor Racing Events: Moderating Effect of Residents and Tourists

Author

Listed:
  • Kevin K. Byon

    (Kinesiology, School of Public Health, Indiana University-Bloomington, Bloomington, IN 47405, USA)

  • Jingxian (Cecilia) Zhang

    (Management, College of Business, Limestone University, Gaffney, SC 29340, USA)

  • Wooyoung (William) Jang

    (Sport Management, Wellness, and Physical Education, College of Education, University of West Georgia, Carrollton, GA 30118, USA)

Abstract

Value co-creation measurements in a recurring sporting event sprang from an academic and a practical desire to understand value co-creation. This study aims to (1) identify and explore the co-production and value-in-use, two dimensions of value co-creation measurement; (2) verify the validity of the measurements of the value co-creation model; and (3) examine whether noteworthy differences exist between residents and tourists in co-creation, respectively. For this purpose, this study conducted two studies. Study 1 establishes the value co-creation model and compares the reflective and formative models. Study 2 tests the proposed model’s validity and reliability and examines the moderating effect of travel patterns (residents and tourists). The results indicated that the value co-creation measurement is hierarchical and exhibits reliability and validity in the reflective model. The results further demonstrate that co-production and value-in-use patterns differ by residents or tourists. The current study uses S-D logic to better understand value co-creation’s hierarchical theoretical nature from the perspective of residents and tourists in the recurring sporting event context, thus contributing to sport management literature. Furthermore, this paper contributes to value co-creation studies, showing that various attendees (residents and tourists) perceive different levels of co-creation because resources may vary by social group.

Suggested Citation

  • Kevin K. Byon & Jingxian (Cecilia) Zhang & Wooyoung (William) Jang, 2022. "Examining the Value Co-Creation Model in Motor Racing Events: Moderating Effect of Residents and Tourists," Sustainability, MDPI, vol. 14(15), pages 1-29, August.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:15:p:9648-:d:881253
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    References listed on IDEAS

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