تعداد نشریات | 161 |
تعداد شمارهها | 6,532 |
تعداد مقالات | 70,500 |
تعداد مشاهده مقاله | 124,089,226 |
تعداد دریافت فایل اصل مقاله | 97,192,433 |
Customer Well-Being in Banking Industry: Conceptualization and Antecedences | ||
Interdisciplinary Journal of Management Studies (Formerly known as Iranian Journal of Management Studies) | ||
دوره 14، شماره 4، دی 2021، صفحه 835-855 اصل مقاله (681.16 K) | ||
نوع مقاله: Research Paper | ||
شناسه دیجیتال (DOI): 10.22059/ijms.2021.312143.674266 | ||
نویسندگان | ||
Mohammad Sadegh Eshaghi1؛ Bahram Ranjbarian* 2؛ Azarnoush Ansari3 | ||
1PhD Student, Department of Management, Faculty of Administrative Sciences and Economics, University of Isfahan, Isfahan, Iran | ||
2Professor, Department of Management, Faculty of Administrative Sciences and Economics, University of Isfahan, Isfahan, Iran | ||
3Assistant Professor, Department of Management, Faculty of Administrative Sciences and Economics, University of Isfahan, Isfahan, Iran | ||
چکیده | ||
The current study aimed to apply the psychological life space theory to provide a comprehensive framework for the conceptualization of customer well-being in the banking field. A grounded theory including open, axial, and selective coding was employed. Theoretical sampling was applied to select candidates for an in-depth interview, and data gathering was done by purposive sampling followed by selective sampling. By following a qualitative approach, a deeper insight was provided about the role of banks in different domains of customers’ lives. The obtained results revealed that primary brand associations could enhance customer well-being by affecting six subdomains of customers’ lives, including consuming, social, communal, business, religious, and daily life spheres. Besides, it was found that five different images, namely, brand image, self-image, user image, bank’s employee image, and bank’s competitor image inside customers’ mind, could contribute to the changes in the customer well-being. This study contributes to the literature by proposing a new framework including new concepts and consequently, new relationships. Finally, managerial implications along with limitations are discussed. | ||
کلیدواژهها | ||
Brand image؛ Bottom-up spillover؛ Psychological life space؛ Customer well-being؛ Aroused emotions | ||
مراجع | ||
Aaker, D.A. (1991). Managing Brand Equity. The Free Press.
Afshardoost, M., & Eshaghi, M. S. (2020). Destination image and tourist behavioural intentions: A meta-analysis. Tourism Management, 81, 104154.
Ahmad, K., Rustam, G. A., & Dent, M. M. (2011). Brand preference in Islamic banking. Journal of Islamic Marketing, 2(1), 74-82.
Altaf, M., Iqbal, N., Mokhtar, S. S. M., & Sial, M. H. (2017). Managing consumer-based brand equity through brand experience in Islamic banking. Journal of Islamic Marketing, 8(2), 218-242.
Amin, M., Isa, Z., & Fontaine, R. (2013). Islamic banks. International Journal of Bank Marketing, 31(2), 79-97.
Andaleeb, S. S., Rashid, M., & Rahman, Q. A. (2016). A model of customer-centric banking practices for corporate clients in Bangladesh. International Journal of Bank Marketing, 34(4), 458–475.
Anwar, S., Min, L., & Dastagir, G. (2019). Effect of service quality, brand image, perceived value on customer satisfaction and loyalty in the Chinese banking industry. International Journal of Business, Economics and Management Works, 6(3), 24-30.
Arabi, S. H. (2016). Well-being orthodox theories and Islamic views. International Journal of Social Economics, 43(2), 190-204.
Baumann, C., Hamin, H., Phan, K. N., & Ghantous, N. (2013). Managing brand associations to drive customers’ trust and loyalty in Vietnamese banking. International Journal of Bank Marketing, 31(6), 456-480.
Bloemer, J., De Ruyter, K., & Peeters, P. (1998). Investigating drivers of bank loyalty: The complex relationship between image, service quality and satisfaction. International Journal of bank marketing, 16(7), 276-286.
Bravo, R., Montaner, T., & Pina, J. M. (2009). The role of bank image for customers versus non‐customers. International Journal of Bank Marketing, 27(4), 315-334.
Bravo, R., Montaner, T., & Pina, J. M. (2010). Corporate brand image in retail banking: development and validation of a scale. The Service Industries Journal, 30(8), 1199-1218.
Bravo, R., Montaner, T., & Pina, J. M. (2012) Corporate brand image of financial institutions: A consumer approach. Journal of Product and Brand Management, 21(4), 332-345.
Brüggen, E. C., Hogreve, J., Holmlund, M., Kabadayi, S., & Löfgren, M. (2017). Financial well-being: A conceptualization and research agenda. Journal of Business Research, 79, 228-237.
Chen, C. (2013). Perceived risk, usage frequency of mobile banking services. Managing Service Quality: An International Journal, 23(5), 410-436.
Cheung, M. L., Pires, G. D., & Rosenberger III, P. J. (2019). Developing a conceptual model for examining social media marketing effects on brand awareness and brand image. International Journal of Economics and Business Research, 17(3), 243-261.
Chinomona, R. (2016). Brand communication, brand image and brand trust as antecedents of brand loyalty in Gauteng Province of South Africa. African Journal of Economic and Management Studies, 7(1), 124–139.
Creswell, J. W., & Creswell, J. D. (2017). Research design: Qualitative, quantitative, and mixed methods approaches. Sage publications.
Damasio, A. R. (2003). Looking for Spinoza: Joy, sorrow, and the feeling brain. Houghton Mifflin Harcourt.
De Chernatony, L. (2010). From brand vision to brand evaluation: The strategic process of growing and strengthening brands. Routledge.
De Clerck, F. (2009). Ethical banking. In Ethical prospects (pp. 209–227). Springer. Dordrecht.
El Hedhli, K., Chebat, J.-C., & Sirgy, M. J. (2013). Shopping well-being at the mall: Construct, antecedents, and consequences. Journal of Business Research, 66(7), 856–863.
Evans, R. H. (1979) Bank selection: It all depends on the situation. Journal of Bank Research, 12(243), 240-246.
Flavián, C., Guinaliu, M., & Torres, E. (2005). The influence of corporate image on consumer trust. Internet Research, 15(4), 447-470.
Flavian, C., Torres, E., & Guinaliu, M. (2004). Corporate image measurement. International Journal of Bank Marketing, 22(5), 366-384.
Gil-Saura, I., Ruiz-Molina, M. E., Michel, G., & Corraliza-Zapata, A. (2013). Retail brand equity: A model based on its dimensions and effects. The International Review of Retail, Distribution and Consumer Research, 23(2), 111–136.
Grzeskowiak, S., & Sirgy, M. J. (2007). Consumer well-being (CWB): The effects of self-image congruence, brand-community belongingness, brand loyalty, and consumption recency. Applied research in Quality of Life, 2(4), 289-304.
Gwinner, K. (1997). A model of image creation and image transfer in event sponsorship. International marketing review, 14(3), 145-158.
Hafez, M. (2018). Measuring the impact of corporate social responsibility practices on brand equity in the banking industry in Bangladesh. International Journal of Bank Marketing, 36(5), 806-822.
Haron, S., Ahmad, N., & Planisek, S. L. (1994). Bank patronage factors of Muslim and non‐Muslim customers. International Journal of Bank Marketing, 12(1), 32-40.
Homburg, C., Jozić, D., & Kuehnl, C. (2017). Customer experience management: Toward implementing an evolving marketing concept. Journal of the Academy of Marketing Science, 45(3), 377-401.
Hudson, S., Roth, M. S., Madden, T. J., & Hudson, R. (2015). The effects of social media on emotions, brand relationship quality, and word of mouth: An empirical study of music festival attendees. Tourism management, 47, 68-76.
Hunt, S. (2002). Controversy in marketing theory: For reason, realism, truth, and objectivity. Me Sharpe.
Iglesias, O., Markovic, S., Singh, J. J., & Sierra, V. (2019). Do customer perceptions of corporate services brand ethicality improve brand equity? Considering the roles of brand heritage, brand image, and recognition benefits. Journal of Business Ethics, 154(2), 441–459.
Iqbal, M., Nisha, N., & Rashid, M. (2018). Bank selection criteria and satisfaction of retail customers of Islamic banks in Bangladesh. International Journal of Bank Marketing, 36(5), 931–946.
Jarvis, C. B., MacKenzie, S. B., & Podsakoff, P. M. (2003). A critical review of construct indicators and measurement model misspecification in marketing and consumer research. Journal of Consumer Research, 30(2), 199–218.
Jin, N. P., Lee, S., & Lee, H. (2015). The effect of experience quality on perceived value, satisfaction, image and behavioral intention of water park patrons: New versus repeat visitors. International Journal of Tourism Research, 17(1), 82–95.
Johnson, J. S., & Sohi, R. S. (2016). Understanding and resolving major contractual breaches in buyer–seller relationships: A grounded theory approach. Journal of the Academy of Marketing Science, 44(2), 185-205.
Kant, R., & Jaiswal, D. (2017). The impact of perceived service quality dimensions on customer satisfaction. International Journal of Bank Marketing, 35(3), 411-430.
Karl, K., Peluchette, J. V. E., & Hall, L. M. I. (2016). Employee beliefs regarding the impact of unconventional appearance on customers in Mexico and Turkey. Employee Relations, 38(2), 163–181.
Kaynak, E., & Harcar, T. D. (2005). American consumers’ attitudes towards commercial banks: A comparison of local and national bank customers by use of geodemographic segmentation. The International Journal of Bank Marketing, 23(1), 73–89.
Keller, K. L. (1993). Conceptualizing, measuring, and managing customer-based brand equity. Journal of marketing, 57(1), 1-22.
Keller, K. L., Parameswaran, M. G., & Jacob, I. (2011). Strategic brand management: Building, measuring, and managing brand equity. Pearson Education India.
Kim, W. G., & Moon, Y. J. (2009). Customers’ cognitive, emotional, and actionable response to the servicescape: A test of the moderating effect of the restaurant type. International Journal of Hospitality Management, 28(1), 144–156.
Kotler, P., Kartajaya, H., & Setiawan, I. (2010). Marketing 3.0: From products to customers to the human spirit. John Wiley and Sons.
Ladhari, R., Souiden, N., & Ladhari, I. (2011). Determinants of loyalty and recommendation: The role of perceived service quality, emotional satisfaction and image. Journal of Financial Services Marketing, 16(2), 111-124.
LeBlanc, G., & Nguyen, N. (1988). Customers’ perceptions of service quality in financial institutions. International Journal of Bank Marketing, 6(4), 7-18.
LeBlanc, G., & Nguyen, N. (1996). Cues used by customers evaluating corporate image in service firms: An empirical study in financial institutions. Corporate Communications: An International Journal, 1(2), 30–38.
Lee, D.-J., Sirgy, M. J., Larsen, V., & Wright, N. D. (2002). Developing a subjective measure of consumer well-being. Journal of Macromarketing, 22(2), 158–169.
Lee, I. (2018). Social media analytics for enterprises: Typology, methods, and processes. Business Horizons, 61(2), 199–210.
Lee, S. Y., & Atkinson, L. (2019). Never easy to say “sorry”: Exploring the interplay of crisis involvement, brand image, and message appeal in developing effective corporate apologies. Public Relations Review, 45(1), 178–188.
Lincoln, Y. S., & Guba, E. G. (1985). Naturalistic inquiry. sage.
Louro, M. J., & Cunha, P. V. (2001). Brand management paradigms. Journal of Marketing Management, 17(7-8), 849-875.
Ltifi, M., Hikkerova, L., Aliouat, B., & Gharbi, J. (2016). The determinants of the choice of Islamic banks in Tunisia. International Journal of Bank Marketing, 34(5), 710–730.
Marinkovic, V., & Obradovic, V. (2015). Customers’ emotional reactions in the banking industry (2015). International journal of bank marketin, 33(3), 243-260.
Makanyeza, C., & Chikazhe, L. (2017). Mediators of the relationship between service quality and customer loyalty. International Journal of Bank Marketing, 3(3), 540-556.
Manhas, P. S., Manrai, L. A., & Manrai, A. K. (2016). Role of tourist destination development in building its brand image: A conceptual model. Journal of Economics, Finance and Administrative Science, 21(40), 25-29.
Moghavvemi, S., Lee, S. T., & Lee, S. P. (2018). Perceived overall service quality and customer satisfaction: A comparative analysis between local and foreign banks in Malaysia. International Journal of Bank Marketing, 36(5), 908–930.
Murtiasih, S., Sucherly, S., & Siringoringo, H. (2014). Impact of country of origin and word of mouth on brand equity. Marketing Intelligence and Planning, 32(5), 616-629.
Narteh, B., & Owusu‐Frimpong, N. (2011). An analysis of students’ knowledge and choice criteria in retail bank selection in sub‐Saharan Africa. International Journal of Bank Marketing, 29(5), 373-397.
Naser, K., Jamal, A., & Al-Khatib, K. (1999). Islamic banking: A study of customer satisfaction and preferences in Jordan. International Journal of Bank Marketing, 17(3), 135–151.
Nguyen, N., & LeBlanc, G. (1998). The mediating role of corporate image on customers’ retention decisions: An investigation in financial services. International Journal of Bank Marketing, 16(2), 52-65.
O’Brien, G. T. M. (2017). Small and slow is beautiful: Well-being, ‘socially connective retail’ and the independent bookshop. Social & Cultural Geography, 18(4), 573–595.
O’Cass, A., & Grace, D. (2008). Understanding the role of retail store service in light of self‐image–store image congruence. Psychology and Marketing, 25(6), 521-537.
Omoregie, O. K., Addae, J. A., Coffie, S., Ampong, G. O. A., & Ofori, K. S. (2019). Factors influencing consumer loyalty: evidence from the Ghanaian retail banking industry. International Journal of Bank Marketing, 37(3), 798–820.
Otterbring, T. (2017). Smile for a while: The effect of employee-displayed smiling on customer affect and satisfaction. Journal of Service Management, 28(2), 284–304.
Owusu‐Frimpong, N. (1999). Patronage behaviour of Ghanaian bank customers. International Journal of Bank Marketing, 17(7), 335-342.
Oyewumi, O. R., Ogunmeru, O. A., & Oboh, C. S. (2018). Investment in corporate social responsibility, disclosure practices, and financial performance of banks in Nigeria. Future Business Journal, 4(2), 195-205.
Pérez, A., & del Bosque, I. R. (2014). Identidad, imagen y reputación de la empresa: Integración de propuestas teóricas para una gestión exitosa [Identity, image and reputation of the company: Integration of theoretical propositions for an exit gesture]. Cuadernos de Gestión, 14(1), 97–126.
Pinar, M., Girard, T., & Eser, Z. (2012). Consumer‐based brand equity in banking industry. International Journal of Bank Marketing, 30(5), 359–375.
Pinar, M., Girard, T., Trapp, P., & Eser, Z. (2016). Services branding triangle. International Journal of Bank Marketing, 34(4), 529–549.
Rahi, S., Ghani, M., & Ngah, A. (2018). A structural equation model for evaluating user’s intention to adopt internet banking and intention to recommend technology. Accounting, 4(4), 139-152.
Rajagopal, D. (2008). Growing shopping malls and behavior of urban shoppers. Nova Science Publishers, Inc.
Rossiter, J. R. (2002). The five forms of transmissible, usable marketing knowledge. Marketing Theory, 2(4), 369–380.
Rumpf, C., Boronczyk, F., & Breuer, C. (2019). Predicting consumer gaze hits: A simulation model of visual attention to dynamic marketing stimuli. Journal of Business Research, 111, 208-217.
Sääksjärvi, M., & Samiee, S. (2011). Relationships among brand identity, brand image and brand preference: Differences between cyber and extension retail brands over time. Journal of interactive marketing, 25(3), 169-177.
Saharan, T., & Singh, N. (2015). Are values driving Indian consumers to support firms’ CSR initiatives? Decision, 42(4), 379–391.
Saleh, M. A., Quazi, A., Keating, B., & Gaur, S. S. (2017). Quality and image of banking services: A comparative study of conventional and Islamic banks. International Journal of Bank Marketing, 35(6), 878–902.
Salehzadeh, R., Pool, J. K., & Najafabadi, A. H. J. (2018). Exploring the relationship between corporate social responsibility, brand image and brand equity in Iranian banking industry. Journal of Islamic Accounting and Business Research, 9(2), 106-118.
Sarstedt, M., Hair, J., Cheah, J., Becker, J., & Ringle, C. (2019). How to specify, estimate, and validate higher-order constructs in PLS-SEM. Australasian Marketing Journal, 27(3), 197–211.
Mohammad Shafiee, M., & Es-Haghi, S. M. S. (2017). Mall image, shopping well-being and mall loyalty. International Journal of Retail and Distribution Management, 45(1), 1114-1134.
Shukla, P. (2008). Conspicuous consumption among middle age consumers: Psychological and brand antecedents. Journal of Product and Brand Management, 17(1), 25-36.
Sirgy, M. J., Lee, D. J., & Rahtz, D. (2007). Research on consumer well-being (CWB): Overview of the field and introduction to the special issue. Journal of Macromarketing, 27(4), 341-349.
Sirgy, M. J., Lee, D. J., Johar, J. S., & Tidwell, J. (2008). Effect of self-congruity with sponsorship on brand loyalty. Journal of Business Research, 61(10), 1091-1097.
Srivastava, K., & Sharma, N. K. (2013). Service quality, corporate brand image, and switching behavior: The mediating role of customer satisfaction and repurchase intention. Services Marketing Quarterly, 34(4), 274–291.
Stern, B., Zinkhan, G. M., & Jaju, A. (2001). Marketing images: Construct definition, measurement issues, and theory development. Marketing Theory, 1(2), 201–224.
Strauss, A., & Corbin, J. (1998). Basics of qualitative research techniques. Sage publications.
Thorbjørnsen, H., & Supphellen, M. (2004). The impact of brand loyalty on website usage. Journal of Brand Management, 11(3), 199-208.
Van Heerden, C. H., & Puth, G. (1995). Factors that determine the corporate image of South African banking institutions. International Journal of Bank Marketing, 13(3), 12-17.
van Tonder, E., Petzer, D. J., van Vuuren, N., & De Beer, L. T. (2018). Perceived value, relationship quality and positive WOM intention in banking. International Journal of Bank Marketing, 36(7), 1347–1366.
Vegholm, F. (2011). Relationship marketing and the management of corporate image in the bank-SME relationship. Management Research Review, 34(3), 325–336.
Veloutsou, C., Daskou, S., & Daskou, A. (2004). Are the determinants of bank loyalty brand specific? Journal of Financial Services Marketing, 9(2), 113–125.
Wang, E. S. T., & Yu, J. R. (2016). Effect of product attribute beliefs of ready-to-drink coffee beverages on consumer-perceived value and repurchase intention. British Food Journal, 118(12), 2963–2980.
Wilson, J. A. J., & Liu, J. (2011). The challenges of Islamic branding: Navigating emotions and halal. Journal of Islamic Marketing, 2(1), 28–42.
Yavas, U., & Shemwell, D. J. (1996). Bank image: Exposition and illustration of correspondence analysis. International Journal of Bank Marketing, 14(1), 15–21.
Yim, C. K. B., Chan, K. W., & Hung, K. (2007). Multiple reference effects in service evaluations: Roles of alternative attractiveness and self-image congruity. Journal of Retailing, 83(1), 147-157.
Yolal, M., Gursoy, J., Uysal, M., Kim, H., & Karacaoglu, S. (2016). Impacts of festivals and events on residents’ well-being. Annals of Tourism Research, 61, 1–8.
Zameer, H., Tara, A., Kausar, U., & Mohsin, A. (2015). Impact of service quality, corporate image and customer satisfaction towards customers’ perceived value in the banking sector in Pakistan. International Journal of Bank Marketing, 33(4), 442–456.
Zeithaml, V. A. (1988). Consumer perceptions of price, quality, and value: A means-end model and synthesis of evidence. Journal of Marketing, 52(3), 2–22.
Zineldin, M. (1996). Bank strategic positioning and some determinants of bank selection. The International Journal of Bank Marketing, 14(6), 12-22.
| ||
آمار تعداد مشاهده مقاله: 825 تعداد دریافت فایل اصل مقاله: 779 |