AI adoption in marketing and its impact on firm performance: A systematic review and research agenda

Ly Cam Thu1, Pham Tran Khoa1, , Tran Viet Trinh1, Nguyen Choi Han Na1
1 University of Finance - Marketing, Vietnam
0
Online Published: 25/08/2026
Section: Business Administration, Marketing, Commerce, and Tourism
DOI: https://doi.org/10.52932/jfmr.v4i5.1489

Main Article Content

Abstract

Purpose - This study reviews the literature on the adoption of artificial intelligence (AI) in marketing and examines how its use is associated with firm performance. It also considers the organizational mechanisms and contextual factors that may explain differences in the outcomes of AI adoption.

Design/methodology/approach - A systematic literature review was conducted using articles indexed in Scopus. Following the PRISMA 2020 procedure, 72 peer-reviewed articles published between 2018 and 2025 were included in the review. The articles were coded across 24 dimensions covering research design, theoretical foundations, AI technologies, performance measures, and contextual factors.

Findings - The review identifies four main areas in the literature: the use of AI across marketing functions; technological, organizational, and environmental factors influencing AI adoption; the relationship between AI adoption and firm performance; and organizational and ethical challenges. Existing studies generally report positive performance effects, although these effects often depend on capabilities such as marketing agility, knowledge creation, and customer acquisition. The review also shows several weaknesses in the current evidence base, particularly the limited use of longitudinal designs, inadequate reporting of research context, and the tendency to treat AI as a single broad construct.

Originality/value - The study’s central contribution to the firm performance literature is the identification and mapping of the mediating mechanisms (marketing agility, organizational knowledge creation, and customer acquisition capability) and the moderating contingencies (technological turbulence, employee resistance, and organizational climate) through which AI adoption is converted into marketing, financial, and innovation performance outcomes. 

Practical implications - Managers should evaluate AI in relation to specific marketing tasks and expected performance outcomes rather than treating AI adoption as an end in itself. Effective implementation also requires suitable data infrastructure, employee capabilities, human - AI collaboration, and appropriate governance mechanisms.

Social implications - The findings highlight the need for responsible AI governance to address risks related to algorithmic bias, consumer privacy, and trust in AI-driven marketing.

Article Details

Article content

1. Introduction

Artificial intelligence has emerged as one of the most consequential yet theoretically underspecified phenomena in contemporary marketing management. AI-enabled technologies are fundamentally reconfiguring the mechanisms through which firms prospect, acquire, and retain customers across heterogeneous industry and geographic contexts (Davenport et al., 2020; Huang & Rust, 2021). Predictive modeling, programmatic media allocation, and generative content systems have undergone a rapid transition from proof-of-concept initiatives to institutionalized marketing capabilities (Campbell et al., 2020; Peres et al., 2023), underpinned by sustained capital allocation trajectories that consistently position marketing among the primary organizational functions for AI investment (Bughin et al., 2024).

Notwithstanding this momentum, the empirical relationship between AI adoption in marketing and firm-level performance outcomes remains theoretically contested and evidentially inconclusive. Affirmative findings exist: AI marketing utilization demonstrably enhances profitability (Mu & Zhang, 2025), and big data-powered AI augments strategic decision quality in B2B contexts (Bag et al., 2021), yet these performance effects are neither universal nor unconditional. Organizational inertia, workforce resistance, accelerating technological velocity, and insufficient absorptive capacity can each attenuate or neutralize AI's value creation potential (Volkmar et al., 2022; Kirk & Givi, 2025). Practitioners allocating substantial capital to AI marketing initiatives lack the evidence base to address a fundamentally consequential question: through which mediating pathways, and under which contingent boundary conditions, does AI adoption generate sustainable performance differentials?

Extant reviews have addressed constituent elements of this inquiry without achieving integrative synthesis. Vlačić et al. (2021), Verma et al. (2021), and Mustak et al. (2021) charted the evolving contours of AI-in-marketing scholarship; Moradi and Dass (2022) examined AI applications within the specialized context of B2B marketing; Herhausen et al. (2024) assessed machine learning methodologies in marketing research. Critically, however, no prior review has operationalized AI adoption, marketing function deployment, and firm performance as constitutive elements of an integrated theoretical phenomenon, systematically tracing how particular AI technologies, applied within particular functional domains, generate particular performance outcomes under particular organizational and environmental configurations. This lacuna is theoretically significant: fragmented, domain-specific evidence cannot furnish the cumulative knowledge base required to advance either theoretical development or evidence-informed managerial decision-making.

The present study addresses this gap through a systematic literature review of 72 peer-reviewed articles sourced from Scopus (2018–2025). Three research objectives structure the inquiry: to synthesize extant knowledge on AI adoption across marketing functions and its performance implications; to diagnose knowledge deficiencies through systematic 24-dimension coding of the reviewed corpus; and to propose an integrative theoretical framework and structured research agenda to orient future scholarly investigation.

Three substantive contributions emerge from this design. This review constitutes, to the authors' knowledge, the first systematic synthesis to interrogate the tripartite nexus of AI adoption, marketing function deployment, and firm performance within a unified analytical architecture. This tripartite-nexus contribution is substantiated by contrast with five prior reviews (Vlačić et al., 2021; Verma et al., 2021; Mustak et al., 2021; Moradi & Dass, 2022; Herhausen et al., 2024), each of which addressed only a subset of the AI adoption–marketing function–firm performance relationship. By mapping mediating mechanisms, including marketing agility, knowledge creation, and customer acquisition, alongside moderating contingencies such as technological turbulence and employee resistance, the study advances theoretical understanding of the conditions and pathways through which AI generates differential value. The 24-dimension coding exercise, moreover, converts abstract methodological concerns into precise empirical diagnostics: longitudinal research designs feature in only 4.9% of empirical studies; geographic context is unspecified in 51.4% of articles; firm size goes unreported in 70.8%; and 37.5% operationalize AI as an undifferentiated, monolithic construct, collectively constraining the field's external validity and capacity for causal inference.

Section 2 establishes the theoretical foundations underpinning the review. Section 3 details the systematic methodology and screening protocol. Section 4 presents the thematic synthesis, integrative framework, and research agenda. Section 5 develops conclusions and articulates implications for both scholarly inquiry and marketing practice.

2. Theoretical Foundation

This section explains the main ideas in this review. It covers AI and how marketing uses it, the types of AI, firm performance in the AI-marketing context, and the theories used to explain AI adoption and its results.

2.1. Artificial Intelligence and Its Application in Marketing

Across the reviewed literature, AI is conceptualized as a computational system capable of interpreting complex data streams, acquiring knowledge through iterative learning processes, and executing goal-directed actions in ways that approximate human cognitive functioning. Within the marketing domain, AI is not reducible to a single discrete tool but rather constitutes an expansive family of data-intensive technologies that collectively support inferential reasoning, predictive modeling, process automation, and evidence-based decision-making across the full marketing value chain (Baabdullah et al., 2021; Moradi & Dass, 2022; Mikalef & Gupta, 2021). Accordingly, AI adoption in marketing is operationalized in this review as the degree to which organizations institutionalize AI-based technologies within their marketing activities and decision routines, a process that demands not only technical deployment but also the deliberate development of managerial and organizational capabilities necessary to extract strategic value from AI systems (Iyer et al., 2025; Abdul Wahab & Radmehr, 2024).

Synthesizing across the reviewed corpus, four interconnected application domains emerge, summarized in Table 1: customer and market intelligence; marketing and sales automation; customer engagement and relationship marketing; and generative and conversational marketing.

Table 1. Key applications of AI in marketing

Application area

Main AI role

Marketing examples

Sources

Customer and market intelligence

Learning from data to support prediction and decision-making

Customer segmentation, propensity modelling, marketing analytics, market sensing`

Moradi and Dass (2022); Hossain et al. (2022); Mikalef et al. (2023)

Marketing and sales automation

Automating repetitive tasks to improve speed and efficiency

Email automation, AI-based sales automation, routine CRM support, task recording

Moradi and Dass (2022); Iyer et al. (2025); Sullivan and Fosso Wamba (2024)

Customer engagement and relationship marketing

Processing engagement signals and supporting relationship development

Online engagement analysis, AI-enabled relationship marketing, retention support

Perez-Vega et al. (2021); Roy et al. (2025); Baabdullah et al. (2021)

Generative and conversational marketing

Generating content and enabling interactive digital experiences

AI chatbots, content creation, visual design, video production

Salih et al. (2026); Roy et al. (2025); Moradi and Dass (2022)

2.2. Taxonomy of AI Technologies in Marketing

Huang and Rust (2022) put AI into three functional groups. Mechanical AI does the same simple, rule-based tasks again and again. It makes work standard and efficient. Thinking AI learns from data, sees patterns, and supports prediction and decision-making through ML and analytics. Feeling AI supports emotion-sensitive, relational talk with customers through NLP, chatbots, and sentiment analysis. Table 2 shows this taxonomy in detail.

Table 2. Taxonomy of AI technologies in marketing

AI Category

Core Function

Marketing Applications

Value Contribution

Sources

Mechanical AI

Automates repetitive, standardized marketing/sales tasks

Campaign support, data entry, sales automation, basic chatbot, CRM routines

Standardization, speed, efficiency

Huang and Rust (2022); Iyer et al. (2025)

Thinking AI

Learns from data, recognizes patterns, supports prediction

Customer segmentation, churn prediction, demand forecasting, marketing analytics

Rationalization, intelligence, strategic decision support

Hossain et al. (2022); Mikalef and Gupta (2021)

Feeling AI

Supports relational, emotion-sensitive customer interaction

AI relationship marketing, NLP chatbots, sentiment analysis, engagement

Personalization, trust-building, relational value

Perez-Vega et al. (2021); Roy et al. (2025)

2.3. Firm Performance in the Context of AI-Driven Marketing

Firm performance is a multidimensional outcome. At the marketing level, AI helps performance through customer intelligence, personalization, engagement, and sales support. At the firm level, AI is linked to profitability, competitive advantage, and organizational performance. Table 3 lists these outcomes. Our coding shows that 54.2% of the reviewed articles did not directly measure firm performance.

Table 3. Performance outcomes of AI adoption in marketing

Performance Level

Key Indicators

How AI Contributes

Sources

Marketing

Customer engagement, satisfaction, loyalty, retention, CLV, sales team performance

Personalized communication, faster customer response, marketing/sales agility

Baabdullah et al. (2021); Iyer et al. (2025); Roy et al. (2025)

Financial

Sales growth, revenue, profitability, ROI, market share

Better targeting, marketing analytics, sales automation, efficient data use

Hossain et al. (2022); Abdul Wahab and Radmehr (2024)

Strategic

Competitive advantage, organizational performance, adaptive response

AI combined with analytics capability, organizational resources, adaptiveness

Mikalef and Gupta (2021); Mikalef et al. (2023); Sullivan and Fosso Wamba (2024)

Innovation

Product innovation, process innovation

AI-enabled automation, analytics, and relational capabilities redesign processes

Sullivan and Fosso Wamba (2024); Mikalef et al. (2023)

2.4. Theoretical Lens

The theories reviewed in this sub-section function as interpretive lenses applied inductively across the reviewed corpus to explain observed adoption and performance patterns, rather than as a basis from which hypotheses are deduced. Three theoretical frameworks recur with greatest frequency across the reviewed corpus, each illuminating a distinct dimension of the AI adoption and performance phenomenon. The Technology–Organization–Environment (TOE) framework (Tornatzky & Fleischer, 1990) conceptualizes adoption propensity as a joint function of technological characteristics, organizational readiness, and environmental contingencies, providing a multi-level diagnostic architecture that has proven particularly productive in explaining differential AI assimilation rates across marketing-intensive firms (Baabdullah et al., 2021). The Resource-Based View (Barney, 1991) advances a complementary yet theoretically distinct explanation: AI generates sustainable competitive advantage not as a standalone technological asset but through its co-specialization with firm-idiosyncratic, inimitable resources, including proprietary customer data repositories, specialized analytical competencies, and accumulated market knowledge, that collectively satisfy the VRIN criteria for strategic resource value (Hossain et al., 2022; Mikalef & Gupta, 2021). At the individual unit of analysis, the Technology Acceptance Model and its generalized extension, the Unified Theory of Acceptance and Use of Technology (Davis, 1989; Venkatesh et al., 2003), retain substantial explanatory power in accounting for the adoption intentions and behavioral compliance of marketing professionals, with perceived usefulness and perceived ease of use functioning as the proximate cognitive antecedents of actual system utilization. Table 4 maps the complete theoretical landscape across the 72 reviewed articles; notably, the Dynamic Capabilities perspective emerges as the single most prevalent theoretical lens, present in 15.3% of studies, reflecting the field's growing orientation toward capability-building and adaptive reconfiguration as the mechanisms through which AI investment translates into sustained performance differentiation.

Table 4. Theoretical landscape of reviewed studies (N = 72)

Theory

N

%

Key Application in Reviewed Literature

Dynamic Capabilities

11

15.3

Marketing agility, adaptive capability, sensing-seizing-reconfiguring (Iyer et al., 2025; N. Tehrani and Roy, 2025)

TOE Framework

5

6.9

Technology-Organization-Environment adoption antecedents (Baabdullah et al., 2021; Chen and Tajdini, 2025)

RBV / RBT

4

5.6

AI as strategic resource, complementary assets, VRIN (Hossain et al., 2022; Mikalef and Gupta, 2021)

TAM / UTAUT

3

4.2

Individual adoption: perceived usefulness, ease of use (Mohamed Riyath and Eid, 2025)

Other (S-O-R, KMT, STS, etc.)

43

59.7

Diverse: signaling, innovation diffusion, social exchange, knowledge management

No explicit theory

6

8.3

Atheoretical empirical studies

3. Research Methodology

3.1. Review Process

This SLR follows established guidelines (Tranfield, Denyer, and Smart, 2003; Paul and Criado, 2020) and the PRISMA 2020 framework (Page et al., 2021). PRISMA 2020 was selected because it provides the most widely recognized reporting protocol for systematic reviews involving bibliographic database search, structured dual-reviewer screening, and transparent documentation of inclusion and exclusion decisions, distinguishing systematic reviews from scoping review protocols such as PRISMA-ScR, which prioritize breadth of coverage over exhaustive synthesis. Scopus was selected as the primary bibliographic database on the basis of three criteria: its comprehensive coverage of peer-reviewed journals in Business, Management, and Marketing; its established use as the primary single database in systematic reviews within the marketing and information systems disciplines (Tranfield et al., 2003; Paul & Criado, 2020); and its strong coverage of ABDC- and ABS-ranked journals in these subject areas relative to alternative databases. Single-database reliance is a recognized delimitation of systematic reviews, addressed further in Section 5.3.

We put the keywords into three Boolean groups. Group 1 was AI technologies: “artificial intelligence” OR “machine learning” OR “deep learning” OR “generative AI” OR “chatbot” OR “NLP”. Group 2 was marketing functions: “marketing” OR “advertising” OR “sales” OR “CRM” OR “customer”. Group 3 (performance outcomes): “firm performance” OR “business performance” OR “marketing performance” OR “profitability”, included as a mandatory AND condition to ensure that only articles addressing performance implications were captured. We joined the groups with AND operators. We applied them to Title/Abstract/Keywords. We kept only English peer-reviewed articles from 2018–2025 in Business/Management/Accounting.

3.2. Inclusion and Exclusion Criteria

Table 5 shows the criteria. They keep the articles relevant, of good quality, and in scope.

Table 5. Inclusion and exclusion criteria

Criterion

Inclusion

Exclusion

Publication type

Peer-reviewed journal articles

Conference papers, book chapters, editorials

Language

English

Other languages

Time period

2018–2025

Before 2018

Subject area

Business, Management, Accounting

Outside scope

Content focus

AI adoption in marketing with performance implications

AI in non-marketing; no performance link

3.3. Screening Process

Stage 1: Two team members read the titles and abstracts of 321 articles on their own. They classified each one as Include-Direct, Borderline, Background, or Exclude. When they did not agree, they resolved it by consensus. In the end, 68 articles were retained for full-text review.

Stage 2: We read the full text of 68 articles and applied the inclusion/exclusion criteria. Backward snowballing (Wohlin, 2014) found 7 more articles. The final sample was 38 core articles (31 database + 7 snowballing), plus 34 background articles = 72 total. Table 6 summarizes the PRISMA flow.

Table 6. PRISMA flow summary

Stage

N

Details

Identification: Scopus

321

After filters: English, Article, 2018–2025, Business/Management/Accounting

Screening: Title and Abstract

68

253 excluded by 2 independent reviewers

Full-text review

38

31 database + 7 backward snowballing

Background articles

34

Supporting conceptual and thematic context

TOTAL CODED

72

Coded across 24 analytical dimensions

3.4. Data Extraction and Analysis

We coded each article across 24 dimensions in 7 categories: bibliographic info, research design, theoretical lens, AI technology type, performance measurement, contextual factors, and human-AI/organizational/ethical dimensions. We used a standardized coding template with dropdown validations to keep it consistent. We classified articles as “core” or “peripheral” (Kowalkowski et al., 2025). For the thematic analysis, we followed the six-phase protocol of Braun and Clarke (2006). This yielded four themes.

3.5. Descriptive Analysis

Table 7 profiles the 38 core articles. Most of them (71.1%) were published after 2023, which reflects the post-ChatGPT acceleration. Quantitative methods dominated (68.4%). The journal Industrial Marketing Management contributed the most articles (6). One-third lacked explicit theoretical grounding.

Table 7. Descriptive profile of the 38 core articles

Dimension

Category

N

%

Observation

Year

2024–2025

27

71.1

Post-ChatGPT surge

2020–2023

11

28.9

Method

Quantitative

26

68.4

Dominant

Mixed/Conceptual/Qualitative

12

31.6

Theory

Technology adoption (TOE/TAM)

8

21.1

Most frequent

Dynamic Capabilities

7

18.4

RBV / Capability-based

5

13.2

No explicit theory

13

34.2

1/3 atheoretical

Top journal

Industrial Marketing Management

6

15.8

Leading outlet

4. Results and Evaluation

4.1. Thematic Review

Four overarching themes came out of the thematic analysis. Table 8 brings together the key findings, representative studies, and identified gaps for each theme.

Table 8. Thematic Synthesis of Reviewed Literature (N = 72)

Theme

Key Findings

Representative Studies

Critical Gaps

1. AI Applications Across Marketing Functions

AI deployed across analytics, advertising/content, sales/lead scoring, CRM, and customer service. GenAI emerging in content creation. B2B sales showing measurable gains.

Awad & Ghonim (2025): β=0.632 mktg efficiency; Murphy et al. (2025): AI opportunity scoring; Li et al. (2025): AIGC dual strategy; Mersey (2025): ML personalization → ROAS

Only 23.6% studied GenAI. 37.5% treated AI as monolithic. Pricing, distribution, brand management underexplored.

2. Antecedents & Drivers of AI Adoption

TOE framework: technological (relative advantage, compatibility), organizational (management support, AI literacy), environmental (competitive pressure, regulation). Technology resistance as barrier.

Chen & Tajdini (2025): TOE + tech turbulence; Mohamed Riyath & Eid (2025): UTAUT2 + 7 adoption archetypes; Baabdullah et al. (2021): SME antecedents

Limited comparative testing of adoption frameworks. Individual-level adoption understudied vs. firm-level.

3. Impact on Firm Performance

Positive AI→performance link confirmed but contingent. Marketing agility as key mediator. Knowledge creation and customer acquisition as pathways. Employee resistance constrains gains.

Mu & Zhang (2025): profitability via customer paths; Mishra et al. (2022): AI focus → operating efficiency; Iyer et al. (2025): marketing agility mediates; Bag et al. (2021): knowledge creation

54.2% did not measure performance. Only 4.9% longitudinal. Mediators tested in isolation, never comparatively.

4. Challenges, Barriers & Ethics

Algorithmic bias, privacy erosion, consumer trust deficits (AI-authorship effect). Employee resistance and skills gaps. 58.3% discussed ethics but primarily conceptually.

Kirk & Givi (2025): AI-authorship → moral disgust; Volkmar et al. (2022): algorithm aversion; Mu & Zhang (2025): resistance constrains gains

Ethics discussed in 58.3% but rarely tested empirically. Governance frameworks absent.

Theme 1 reveals that AI penetration across the marketing function is considerably more pervasive than prevailing practitioner discourse suggests, encompassing customer analytics, programmatic advertising, sales and lead prioritization, CRM optimization, and service automation. Awad and Ghonim (2025) provide robust quantitative evidence that AI-driven customer segmentation yields substantial gains in marketing operational efficiency (β = 0.632), while Murphy et al. (2025) demonstrate that AI-powered opportunity scoring produces statistically significant improvements in B2B conversion rates. Li et al. (2025) extend the empirical frontier to content strategy, examining how firms architect dual AI-generated content (AIGC) frameworks that simultaneously serve upstream R&D intelligence and downstream advertising execution. A methodological limitation constrains the cumulative value of this evidence base, however: 37.5% of reviewed studies operationalize AI as an undifferentiated monolithic construct, conflating technologies with fundamentally distinct capabilities and performance implications, while only 23.6% specifically investigate generative AI — the fastest-diffusing and potentially most disruptive technology category within the spectrum.

Theme 2 establishes that AI adoption trajectories are determined by the simultaneous interplay of conditions operating across three analytical levels: technological antecedents encompassing relative advantage and system compatibility; organizational enablers including senior management championship and workforce AI literacy; and environmental forces comprising competitive intensity and regulatory pressure. Chen and Tajdini (2025) provide empirical corroboration for the explanatory validity of the TOE framework while demonstrating that technological turbulence functions as a significant boundary condition that moderates the technology–adoption relationship. Mohamed Riyath and Eid (2025) advance this configurational understanding by deploying UTAUT2 in conjunction with fuzzy-set qualitative comparative analysis (fsQCA) to identify seven empirically distinct adoption archetypes — a contribution that reconceptualizes technology resistance not as an individual attitudinal disposition but as a structural organizational phenomenon requiring systemic rather than behavioral intervention.

Theme 3 establishes a positive but contingent AI–performance relationship that resists simple causal attribution. Mu and Zhang (2025) trace profitability improvements through sequential mediation pathways running through customer acquisition and satisfaction, while Iyer et al. (2025) and N. Tehrani and Roy (2025) converge on marketing agility — encompassing proactiveness, responsiveness, speed, and flexibility — as a consistently significant mediating mechanism across both B2B and cross-industry empirical contexts. Bag et al. (2021) identify an alternative value-creation pathway through organizational knowledge creation processes. A critical theoretical gap persists, however: the mediating mechanisms identified across the literature have been examined in isolation within individual studies, with no investigation having subjected competing mediators to comparative testing within an integrative model. Their relative effect magnitudes, potential complementarities, and possible substitution effects consequently remain theoretically underdeveloped and empirically unresolved.

Theme 4 foregrounds the ethical externalities and governance deficiencies that accompany AI-driven marketing at scale. Concerns center on algorithmic discrimination in targeting and pricing decisions, systematic erosion of consumer informational privacy through data-intensive personalization architectures, and the trust attenuation that accompanies AI disclosure. Kirk and Givi (2025) furnish direct experimental evidence of an AI-authorship effect, demonstrating that disclosure of AI involvement in marketing content generation elicits measurable moral disgust responses among consumers, a finding with significant implications for brand authenticity management. Volkmar et al. (2022) document a structurally analogous phenomenon within organizations, where algorithm aversion among marketing practitioners can precipitate adoption resistance even in the presence of favorable performance evidence. Despite 58.3% of reviewed articles acknowledging ethical dimensions, virtually none subject these concerns to rigorous empirical investigation; responsible AI governance frameworks for the marketing function remain at a predominantly conceptual stage, constituting one of the most consequential and underserved gaps in the extant literature.

4.2. Integrative Framework

Figure 1 presents the integrative framework, constructed inductively from convergent patterns identified across the 72 coded articles rather than deduced from any single prior theoretical tradition. The framework is organized around a central nomological sequence — Antecedents → AI Marketing Adoption → Mediating Mechanisms → Performance Outcomes — with two distinct cross-cutting constructs exerting influence across the full causal architecture rather than at any discrete stage.

The antecedents component operationalizes three theoretically grounded clusters of enabling conditions. At the technological level, antecedents encompass perceived relative advantage, system compatibility and complexity, and organizational AI maturity and infrastructure readiness. Organizational-level conditions include senior management championship, data governance infrastructure, and the AI literacy and absorptive capacity of the marketing workforce. Environmental antecedents — comprising competitive intensity and the prevailing regulatory landscape — delineate the exogenous pressures that shape organizational AI adoption propensity and urgency.

The AI adoption construct is conceptualized along two orthogonal dimensions: the technological form deployed and the functional domain in which it is embedded. Technologically, the framework spans the full spectrum from Mechanical AI through Thinking AI to Feeling AI, and from conventional machine learning architectures through large-scale generative AI systems to emergent agentic AI configurations — encompassing predictive analytics engines, natural language processing, conversational agents, and large language models. These technologies are deployed across four primary marketing functional domains: customer analytics and CRM, advertising and content generation, sales pipeline management and lead prioritization, and customer service and strategic planning.

Critically, AI adoption does not generate performance outcomes through direct causation. Rather, the framework posits six theoretically distinct mediating mechanisms through which AI deployment creates organizational value: marketing agility, organizational knowledge creation, customer acquisition capability, customer satisfaction enhancement, organizational agility, and information processing capacity. These mediating pathways channel AI's performance effects to three hierarchically distinct outcome levels — marketing performance (customer engagement and retention, marketing operational efficiency and ROMI, conversion optimization and brand equity accumulation), financial performance (revenue growth, profitability, return on assets, return on equity, operating leverage, and market capitalization), and innovation performance (new product development velocity and service innovation capability).

The framework is bounded by two systemic cross-cutting dimensions that condition relationships throughout the entire nomological chain. Moderating contingencies — technological turbulence, employee resistance, organizational climate, competitive intensity, and environmental hostility — function as boundary conditions that amplify or attenuate the strength of relationships at every node of the causal sequence. Equally pervasive are the challenges, structural barriers, and ethical externalities that the literature consistently foregrounds: algorithmic discrimination, consumer privacy erosion, trust attenuation precipitated by AI disclosure, organizational change resistance, and the authenticity concerns specific to GenAI-generated marketing content. The positioning of both dimensions as cross-cutting rather than stage-specific reflects their systemic, emergent character — they constitute enduring features of the AI-in-marketing phenomenon rather than isolated contingencies localized to particular causal pathways.

Figure 1. Integrative framework (flow: Antecedents → AI Adoption in Marketing → Mediators → Performance Outcomes)

The framework shows that AI does not directly enhance performance. It works through intermediate pathways: marketing agility (Iyer et al., 2025; N. Tehrani & Roy, 2025), knowledge creation (Bag et al., 2021), customer acquisition/satisfaction (Mu & Zhang, 2025), and organizational agility (Fosso Wamba, 2022). These mediators have been examined in isolation - no study has tested competing pathways within a single model

4.3. Discussion

Taken together, the four themes indicate that the AI–performance relationship is better understood as a capability-conversion process than as a direct technology effect. The TOE framework explains why firms adopt AI, whereas the Resource-Based View and Dynamic Capabilities perspective explain why firms with apparently similar technologies realize different outcomes: value emerges when AI is combined with proprietary data, analytical skills, and routines that enable firms to sense market changes, seize opportunities, and reconfigure marketing activities. The recurring mediating role of marketing agility (Iyer et al., 2025; N. Tehrani & Roy, 2025), together with the knowledge-creation pathway (Bag et al., 2021) and customer acquisition and satisfaction pathways (Mu & Zhang, 2025), therefore positions adoption as an enabling input rather than a sufficient condition for performance improvement. This interpretation helps reconcile the generally positive evidence with cases in which weak absorptive capacity or employee resistance suppresses value realization.

The synthesis also shows that treating AI as a monolithic construct conceals theoretically important heterogeneity. Mechanical AI is most directly associated with standardization and efficiency, Thinking AI with prediction and decision quality, and Feeling or generative AI with personalization and relational engagement. The latter applications also expose firms more directly to authenticity, privacy, and trust risks (Huang & Rust, 2022; Kirk & Givi, 2025). Consequently, the direction and magnitude of performance effects should depend on the fit between a technology's capability and the marketing task. The same deployment may improve operational efficiency while weakening relational outcomes when used in emotionally sensitive interactions. The finding that 37.5% of studies use an undifferentiated AI measure is therefore not merely a measurement limitation; it is a plausible source of inconsistent effect estimates.

A further implication is that the relevant boundary conditions operate across multiple levels. Compatibility and technological turbulence shape technical feasibility; management support, data governance, AI literacy, and organizational climate shape assimilation; and competitive and regulatory pressures influence the urgency and acceptable form of deployment. At the individual level, the TAM/UTAUT emphasis on perceived usefulness and ease of use complements these organizational conditions. Evidence on employee resistance and algorithm aversion (Volkmar et al., 2022; Mohamed Riyath & Eid, 2025) suggests that formal adoption without sustained user acceptance may not translate into routine use or performance. The findings therefore support connecting TOE-based adoption explanations with individual acceptance models and Dynamic Capabilities accounts of post-adoption value creation.

Ethical challenges should likewise be treated as endogenous to the performance mechanism rather than as peripheral compliance issues. Algorithmic bias, privacy erosion, and AI-authorship disclosure can weaken consumer trust, retention, and brand equity, potentially offsetting short-term gains in targeting efficiency or cost reduction. Responsible AI governance can therefore be interpreted as an organizational capability that protects the durability of AI-enabled marketing returns. Because most reviewed studies discuss ethics conceptually rather than test these pathways empirically, this interpretation remains a theoretically grounded proposition rather than a settled causal conclusion.

Finally, the strength of the conclusions must be calibrated to the methodological profile of the evidence. With 56.1% of empirical studies using cross-sectional designs, only 4.9% using longitudinal designs, 51.4% omitting geographic context, and 70.8% omitting firm size, the literature supports a conditional association between AI adoption and performance more strongly than a universal causal claim. This distinction directly motivates the research agenda below: future studies should test temporal effects, compare mediating pathways, distinguish AI types, and examine context-specific configurations rather than estimate a single average AI effect.

4.4. Research Agenda

Our systematic coding reveals five priority areas for future research. Table 9 lists them.

Table 9. Research Agenda: Five Priority Themes and Evidence-Based Gaps

Priority Theme

Gap Evidence from Coding

Suggested Directions

1. Temporal Dynamics & Causal Mechanisms

56.1% cross-sectional; only 4.9% longitudinal. 54.2% no performance measurement. DC theory (15.3%) tested only in snapshots.

Longitudinal/panel designs. Competing mediator models. Non-linear and threshold effects. Productivity paradox testing.

2. Generative AI & Emerging Technologies

Only 23.6% examined GenAI. 37.5% monolithic AI construct. Most GenAI studies conceptual, not empirical.

GenAI effectiveness experiments. Consumer perception of AI-generated content. Dual AIGC strategies. Agentic AI implications.

3. Context-Sensitive Approaches

51.4% no geography. 0 ASEAN, 1 Africa. 70.8% no firm size. Only 9.7% SME-focused. 70.8% multi-industry.

Emerging market studies (ASEAN, Africa). SME-specific adoption models. Industry-specific moderators. Configurational (fsQCA) designs.

4. Human–AI Collaboration & Org. Transformation

63.9% mention human–AI but mostly conceptually. 44.4% no org barriers identified. Structure (4.2%) barely examined.

Centaur vs. reverse centaur models. AI literacy frameworks. Change management strategies. Marketing org restructuring.

5. Responsible AI & Ethics Governance

58.3% discuss ethics, 66.7% mention privacy-but rarely empirically tested. Only 2 studies with ethics as moderator.

Algorithmic fairness metrics. Privacy-preserving AI techniques. Explainability–trust relationship. Cross-national governance.

5. Conclusions and Managerial Implications

5.1. Conclusions

Synthesizing evidence across 72 systematically coded articles yields a consistent yet conditional conclusion: AI adoption in marketing exerts a demonstrably positive influence on firm performance, but the causal pathway from adoption to value realization is neither linear nor invariant across organizational contexts. Performance gains are not the direct product of AI deployment per se but emerge through the activation of intermediate mechanisms, marketing agility, organizational knowledge creation, and customer acquisition capability (Iyer et al., 2025; N. Tehrani & Roy, 2025; Bag et al., 2021), whose effects are, in turn, bounded and shaped by moderating contingencies including technological turbulence, workforce resistance, and prevailing organizational climate (Mu & Zhang, 2025; Mohamed Riyath & Eid, 2025). Notwithstanding a decade of accelerating scholarly output, the field exhibits persistent structural fragmentation that constrains cumulative theoretical development: Dynamic Capabilities, the single most prevalent theoretical lens, accounts for only 15.3% of theoretical framings; 56.1% of empirical studies employ cross-sectional research designs that preclude causal inference; and 51.4% of articles omit geographic context entirely, severely limiting cross-contextual generalizability.

Against this evidential backdrop, the review advances three theoretical contributions of substantive significance. The integrative framework proposed here constitutes, to the authors' knowledge, the first systematic attempt to map the complete Antecedents → AI Marketing Adoption → Mediating Mechanisms → Performance Outcomes nomological chain while explicitly embedding cross-cutting moderating contingencies and ethical challenges within the theoretical architecture, providing a structured conceptual scaffold for future theory development and empirical investigation. Among the mediating mechanisms identified, marketing agility warrants particular theoretical prioritization by virtue of the cross-contextual consistency of its empirical validation, confirmed independently in B2B sales management contexts (Iyer et al., 2025) and broader cross-industry empirical settings (N. Tehrani & Roy, 2025), suggesting its centrality as a dynamic capability through which AI investment is converted into competitive performance differentiation. The contribution of the 24-dimension coding methodology, moreover, transcends descriptive summarization: by converting abstract methodological concerns into precisely quantified diagnostic evidence, it demonstrates that longitudinal research designs are present in only 4.9% of empirical studies, geographic context remains unspecified in 51.4% of articles, and firm-size characteristics go unreported in 70.8% of the corpus, a constellation of blind spots that collectively compromise the external validity, causal inference capability, and practical prescriptive value of a field whose findings are increasingly invoked to justify substantial capital allocation decisions.

Future research should prioritize five directions arising from this review’s gap analysis: longitudinal designs capable of establishing causal precedence; empirical studies of generative AI applications; research situated in underrepresented emerging-market and SME contexts; investigation of human–AI collaboration models; and empirical testing of responsible AI governance frameworks (see Table 9).

5.2. Managerial Implications

The managerial implications of this review operate across three interdependent organizational levels that, while analytically distinguishable, must be addressed as constitutive elements of a unified AI capability-building strategy rather than as sequentially prioritized interventions.

At the strategic level, conceptualizing AI investment as discrete technology procurement fundamentally misspecifies the nature of the value creation challenge. Organizations that have achieved demonstrable performance differentiation through AI characteristically treat it as a dynamic capability that requires deliberate co-evolution with organizational architecture - embedding AI within transformational strategic initiatives while simultaneously advancing data governance frameworks, computational infrastructure, and human capital development as complementary, non-substitutable strategic assets rather than lagging implementation considerations. Managers should therefore begin AI investment decisions by identifying the specific marketing problem to be addressed and the performance outcome expected from the investment. AI initiatives should be evaluated in terms of their contribution to customer acquisition, retention, marketing efficiency, responsiveness, or financial performance rather than simply by the extent of technological adoption. Managers also need to be cautious about adopting standardized AI implementation models across firms and industries. The suitability of AI applications is likely to depend on organizational size, data resources, technological maturity, competitive conditions, and regulatory environment. 

At the operational level, the strongest empirical warrant exists for customer analytics, predictive lead prioritization, and hyper-personalization engines; deployment capital directed toward these domains carries the highest probability of generating defensible, replicable returns on AI investment. For customer interaction domains requiring affective attunement, relational judgment, or high-stakes service recovery, hybrid human–AI collaborative models represent a more organizationally prudent configuration than full algorithmic automation — preserving the relational and empathetic competencies that remain beyond the reliable replication capacity of current AI architectures. Rather than implementing AI simultaneously across multiple marketing functions, managers may begin with clearly defined use cases in which data availability, organizational readiness, and performance indicators can be established in advance. Successful applications can then be scaled progressively to other marketing activities. Managers should also avoid evaluating AI initiatives solely through short-term financial returns. Intermediate indicators such as marketing response speed, lead conversion, customer acquisition, customer satisfaction, knowledge creation, and marketing agility can provide earlier evidence of whether AI is generating organizational value before its effects become visible in firm-level financial performance.

The realization of these strategic and operational imperatives is, however, contingent upon deliberate management of the human capital dimension. Employee resistance to AI adoption constitutes not a peripheral attitudinal concern but an empirically validated structural constraint on AI's organizational performance contribution (Mu & Zhang, 2025; Mohamed Riyath & Eid, 2025). Transformational change management that systematically addresses both technical skill obsolescence and the role identity disruption experienced by marketing professionals whose expertise is perceived as threatened by algorithmic substitution is therefore not ancillary to AI capability development — it is a foundational precondition without which neither strategic alignment nor operational deployment can achieve their intended performance outcomes. Managers should distinguish between marketing tasks suitable for automation and those better suited to human - AI augmentation. Data-intensive and repetitive activities may be more readily automated, whereas activities requiring relational judgment, empathy, brand interpretation, or complex customer interaction may benefit more from collaborative human–AI arrangements.

The review also points to the need to incorporate responsible AI governance into marketing management. Firms using AI for customer targeting, personalization, pricing, or content generation should establish mechanisms for human oversight, data governance, privacy protection, bias monitoring, and accountability. These safeguards are particularly relevant for generative AI applications, where efficiency gains in content production may need to be balanced against potential concerns about authenticity and consumer trust. Responsible AI should therefore be considered part of AI performance management rather than treated solely as a compliance issue.

5.3. Limitations

Several methodological delimitations constrain the scope and generalizability of this review's conclusions. The restriction of bibliographic retrieval to a single database — Scopus — enhances procedural replicability but systematically excludes scholarship indexed in alternative repositories, while the English-language filter introduces a structural sampling bias that likely overrepresents Western theoretical traditions and underrepresents empirical contributions from non-Anglophone research communities, particularly those generating context-specific insights from emerging and developing economy settings.

Keyword-based search protocols are inherently susceptible to terminological boundary effects: the lexical terms selected to operationalize the search necessarily reflect dominant contemporary disciplinary vocabulary, thereby risking the systematic omission of substantively relevant scholarship that conceptualizes analogous phenomena under alternative or emergent theoretical nomenclature. The 2018–2025 temporal scope was calibrated to concentrate analytical attention on contemporary AI development trajectories, yet this periodization may inadequately capture the longitudinal performance consequences of AI adoption at the organizational level, and the post-2022 diffusion velocity of generative AI architectures suggests that the most consequential phase of the phenomenon may remain empirically underrepresented within the current corpus.

The inductive thematic categorization process, notwithstanding the deployment of structured dual-reviewer coding protocols and inter-rater reliability procedures, retains an irreducible element of interpretive discretion; alternative researchers applying comparable methodological procedures to the same corpus might reasonably produce partially divergent thematic configurations. Collectively, these delimitations counsel that the integrative framework and research agenda advanced herein be regarded as a theoretically grounded point of departure for cumulative scholarly inquiry — a productive but necessarily provisional synthesis within a field whose empirical and conceptual boundaries continue to expand at considerable velocity.

AI Usage Statement

During manuscript preparation, the authors used ChatGPT for language editing and structural support. The authors reviewed, edited, and take full responsibility for the final content.

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How to Cite
Lý, C. T., Pham, T. K., Tran, V. T., & Nguyen, C. H. N. (2026). AI adoption in marketing and its impact on firm performance: A systematic review and research agenda. Journal of Finance - Marketing Research, 4(5). https://doi.org/10.52932/jfmr.v4i5.1489