The Effects of Regulatory Focus, Assortment Size, and Choice Mode on Consumer Choice of Financial Products

2015 ◽  
Vol 30 (4) ◽  
pp. 1 ◽  
Author(s):  
Kikyoung Park ◽  
Gangseog Ryu ◽  
Jongwon Park
Keyword(s):  
Regulatory Focus ◽  
Consumer Choice ◽  
Financial Products

What Shapes Consumer Choice and Financial Products? A Review

2017 ◽  
Vol 9 (1) ◽  
pp. 127-146 ◽  
Author(s):  
Sumit Agarwal ◽  
Souphala Chomsisengphet ◽  
Cheryl Lim
Keyword(s):  
Consumer Choice ◽  
Financial Products

Clustering Kuwaiti consumer attitudes towards Sharia-compliant financial products

2019 ◽  
Vol 37 (1) ◽  
pp. 142-155 ◽  
Author(s):  
Fouad Al-Salem ◽  
Mohamed M. Mostafa
Keyword(s):  
Consumer Choice ◽  
Customer Value ◽  
Design Methodology ◽  
Service Providers ◽  
Consumer Attitudes ◽  
Financial Knowledge ◽  
Self Organizing Maps ◽  
Content Type ◽  
Financial Products ◽  
Statistical Assumptions

PurposeThis purpose of this paper is to clustering Kuwaiti consumers choice of Sharia-complaint financial products and services based on several factors such as religiosity, financial knowledge, customer value, satisfaction, trust, service quality, relationship with service providers and innovation.Design/methodology/approachThe study uses self-organizing maps, a neural network technique, in order to cluster and segment consumers of Sharia-compliant financial products and services in Kuwait. From a marketing perspective, SOM can be viewed as a flexible clustering technique in which different clusters are identified without the rigid traditional statistical assumptions of linearity or normality.FindingsThis paper shows that consumers of Sharia-compliant financial products in Kuwait can be clustered into three distinct segments: enthusiasts, laggards and rejectors. The enthusiasts represent the largest cluster with a frequency of around 66 percent, while the Rejectors represent the smallest segment with a frequency of 10 percent.Originality/valueThis paper advances our knowledge about the behavioral aspects of financial consumer choice within a non-traditional Sharia-compliant financial products context.

scholarly journals Development of the shadow banking system in Zimbabwe: A blessing from the shadows?

2015 ◽  
Vol 4 (4) ◽  
pp. 323-326
Author(s):  
Misheck Mutize ◽  
Virimai Victor Mugobo
Keyword(s):  
Regulatory Focus ◽  
Qualitative Data ◽  
Banking System ◽  
Shadow Banking ◽  
International Banking ◽  
Shadow Banks ◽  
Financial Products ◽  
Banking Institutions ◽  
Market Driven ◽  
Shadow Banking System

The rising of shadow banking institutions in Zimbabwe has been very quick for formal banking institutions and regulators to strategise against the threats that came with their development. This study applied qualitative data analysis and find that, the growth of a shadow banking system was market driven. Lack of confidence and financial innovation on the mainstream banking system to structure financial products that improve intermediation gave space for shadow banking growth. In response to this development, the researcher recommended that regulatory focus should be on the functions of shadow banks rather than institutions; this will be more inclusive and efficient in avoiding innovative creation of new entities that perform the same shadow banking functions. Also, the Zimbabwean formal banking system should be innovative in-line with the development of the international banking models

The Impact of Consumer Choice Goals on Inovativeness

2015 ◽  
pp. 174-193
Author(s):  
Jose Carlos Korelo ◽  
Danielle Mantovani Lucena da Silva ◽  
Paulo Henrique Muller Prado
Keyword(s):  
Regulatory Focus ◽  
Consumer Choice ◽  
Product Category ◽  
Anticipated Regret ◽  
Consumer Innovativeness ◽  
Choice Process ◽  
Intention To Adopt ◽  
Choice Goals ◽  
Innovative Products ◽  
The Impact

Consumer innovativeness is one of the most explored concepts in new product adoption literature. Nevertheless, the intention to adopt novelties, specifically in a product category domain, still needs exploration of what happened during the choice process. Consumers can build their decision about whether to adopt innovation based on their hierarchy of choice goals. The authors propose this hierarchy is driven by the regulatory focus system, based on promotion (justifiability and choice confidence) and prevention goals (anticipated regret and evaluation costs). In order to demonstrate this reasoning, the authors compared “most innovative” versus “less innovative” consumers, regarding their prevention and promotion goals. The most innovative ones demonstrated higher justifiability and choice confidence and showed more capabability of avoiding an anticipated choice regret when compared with the less innovative consumers. The differences explored in the analysis highlight the necessity of further understanding how consumers perform during the choice process of innovative products.

What Shapes Consumer Choice and Financial Products? - A Review

2016 ◽  
Author(s):  
Sumit Agarwal ◽  
Souphala Chomsisengphet ◽  
Cheryl Lim
Keyword(s):  
Consumer Choice ◽  
Financial Products

Financial Products

2008 ◽  
Author(s):  
Bill Dalton
Keyword(s):  
Financial Products
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