PT - JOURNAL ARTICLE AU - Lane Wakefield AU - Kirk Wakefield AU - Kevin Lane Keller AU - Anne Rivers TI - Are Brands Wasting Money On Sport Sponsorships? AID - 10.2501/JAR-2020-029 DP - 2021 Jun 01 TA - Journal of Advertising Research PG - 192--211 VI - 61 IP - 2 4099 - http://www.journalofadvertisingresearch.com/content/61/2/192.short 4100 - http://www.journalofadvertisingresearch.com/content/61/2/192.full SO - J Advert Res2021 Jun 01; 61 AB - Marketers pour millions of dollars into sport sponsorship and need a better understanding of its effects. Consumers evaluate brands at different sponsorship levels as part of a broader advertising and marketing program; understanding how they do this is important in developing guidelines and norms for optimal marketing communications, planning, and budgeting. Accounting for brands’ spending on advertising outside of sponsorship and two distinct brand personality profiles, official Major League Baseball sponsorship is analyzed and associated with four dimensions of brand equity using the expansive BrandAsset Valuator database, covering five years. Fan consumption behaviors in terms of actively watching or attending games also are considered.