Message Oriented Approach to WOM Effects in Service Industries
Journal Title: Journal of Economics and Financial Analysis - Year 2017, Vol 1, Issue 2
Abstract
In this study a search-based and an experience-based service were examined in Word-of-Mouth (WOM) context. The study aimed at revealing the extent to which consumer choices in movie theatre and repair and maintenance shop services are influenced by the experience communicated by personal sources. Four key contributions are planned. Firstly, although it has attracted attention and criticism there is no empirical examination regarding message characteristics. In this study, the effects of messages delivered by senders concerning purchase decisions are investigated. Secondly, a more powerful scale regarding active information search was developed. Thirdly, perceptual homophily and sender characteristics were added to the model in a unique construct. Fourthly, to measure the effects of personal sources a classification of services is applied for the first time in WOM researches in this context. Data was subjected to an exploratory factor analysis (EFA) and reliability analysis in the first stage of the analysis. At the second stage, confirmatory factor analysis (CFA) was conducted and the model's hypotheses were tested by using structural equation modeling (SEM).
Authors and Affiliations
Mustafa Dilber, Lokman Incirkus
Financial Contagion in the BRICS Stock Markets: An empirical analysis of the Lehman Brothers Collapse and European Sovereign Debt Crisis
This research analyzes and extends the study of contagion for BRICS emerging stock markets in the context of the last two international financial crises: the Lehman Brothers Bankruptcy Crisis and the European Sovereign D...
Determinants of Industrial Production in Turkey
The necessity of emphasizing the importance of industrial production for the sustainable growth and development of Turkey has been a topic of discussion in political and academia circles. The growth in industrial product...
Interest Rate Swaptions: A Review and Derivation of Swaption Pricing Formulae
In this paper we outline the European interest rate swaption pricing formula from first principles using the Martingale Representation Theorem and the annuity measure. This leads to an expression that allows us to apply...
Asset and Liability Management: Analysis on the Dependence of Assets and Liabilities in Turkish Banking Sector
Asset liability management (ALM) is the traditional risk management practice in banking. ALM is the coordinated and integrated management of assets and liabilities. Some studies argue that ALM lost importance due to the...
The causality between Financial Development and Economic Growth in Ethiopia: Supply Leading vs Demand Following Hypothesis
This paper investigates linkage between financial development and economic growth in Ethiopia during the period from 1975 to 2016 using Autoregressive Distributed Lag (ARDL) approach. The paper also schedules Vector Erro...