DOI QR코드

DOI QR Code

The Influence of Scarcity Message on Customers' Perceived Value, Satisfaction, and Repurchase Intention in the Context of Group-Buying Social Commerce

공동구매형 소셜커머스에서 희소성메시지가 고객의 지각된 가치, 만족, 재구매의도에 미치는 영향

  • Choi, Sujeong (Free21Pluse e-Service Team, Chonnam National University)
  • Received : 2016.02.25
  • Accepted : 2016.03.22
  • Published : 2016.03.31

Abstract

Drawing on the theoretical framework of customer value-satisfaction-loyalty, this study examines how scarcity message influences customers' value, satisfaction, and loyalty in the context of group-buying social commerce. Previous studies have argued that scarcity message limiting the avilability of products and service is a source of enhancing customer value. In this regard, this study posits scarcity message as a predictor of customer value. Furthermore, this study classifies customer value into two forms (i.e., utilitarian value and hedonic value) and verfies how scarcity message is associated with them. To test the proposed research model and hypotheses, this study performed structural equation modeling (SEM) analyses, using a total of 292 data collected on users who have experience in purchasing products and service through group-buying social commerce sites such as Coupang, Timon, and WeMakePrice. The key results are as follows : First, scarcity message increases utilitarian and hedonic values and further customer satisfaction. Second, utilitarian value increases customer satisfaction and repurchase intention while hedonic value has nothing to do with them. The findings imply that customers seek to maximize utilitarian value through group-buying social commerce. Finally, this study indicates that repuchase intention depends greatly on customer satisfaction.

Keywords

References

  1. Aggarwal, P. and Vaidyanathan, R., "Use It or Lose It : Purchase Acceleration Effects of Time-Limited Promotions", Journal of Consumer Behavior, Vol. 2, No. 4, 2003, pp. 393-403. https://doi.org/10.1002/cb.116
  2. Aggarwal, P., Jun, S. Y., and Huh, J. H., "Scarcity Messages : A Consumer Competition Persepctive", Journal of Advertising, Vol. 40, No. 3, 2011, pp. 19-30.
  3. Anderson, J. C. and Gerbing D. W., "Structural Equation Modeling in Practice : A Review and Recommended Two-Step Approach", Psychological Bulletin, Vol. 103, 1988, pp. 411-423. https://doi.org/10.1037/0033-2909.103.3.411
  4. Ariely, D., Ockenfels, A., and Roth, A. E., "An Experimental Analysis of Ending Rules in Internet Auctions", RAND Journal of Economics, Vol. 36, No. 4, 2002, pp. 890-907.
  5. Babin, B. J., Darden, W. R., and Griffin, M., "Work and/or Fun : Measuring Hedonic and Utilitarian Shopping Value", The Journal of Consumer Research, Vol. 20, No. 4, 1994, pp. 644-656. https://doi.org/10.1086/209376
  6. Bae, B., Amos 21 Structural Equation Modeling-Principle and Practice, Cheongram Publishing Compnay, 2014.
  7. Bang, J., Qian, C., Kim, M., and Lee, E., "A Study on the Effects of Price Discount, Product Review, and Perceived Risk and their Interaction Effects in Social Commerce", Knowledge Management Research, Vol. 14, No. 4, 2013, pp. 87-98.
  8. Bhattacherjee, A. and Premkumar, G., "Understanding Changes in Belief and Attitude Toward Information Technology Usage : A Theoretical Model and Longitudinal Test", MIS Quarterly, Vol. 28, No. 2, 2004, pp. 229-254. https://doi.org/10.2307/25148634
  9. Brock, T. C. and Brannon, L. A., "Liberalization of Commodity Theory", Basic and Applied Social Psychology, Vol. 13, 1992, pp. 135-144. https://doi.org/10.1207/s15324834basp1301_11
  10. Brock, T. C., "Implications of Commodity Theory for Value Change", In A. G. Greenwald, T. C. Brock, and T. M. Ostrom (Eds.), Psychological foundations of attitudes (pp. 243-275). New York : Academic, 1968.
  11. Chitturi, R., Raghunathan, R., and Mahajan, V., "Delight by Design : The Role of Hedonic Versus Utilitarian Benefits", Journal of Marketing, Vol. 72, No. 3, 2008, pp. 48-63. https://doi.org/10.1509/jmkg.72.3.48
  12. Choi, J., Jun, E., and Kim, K., "The Determinants of e-WOM for Infomediaries in Social Commerce", Knowledge Management Research, Vol. 15, No. 3, 2014, pp. 209-228.
  13. Choi, S. and Lee, S., "On the Factors that Affect Customers' Satisfaction in Social Commerce", Knowledge Management Research, Vol. 15, No. 2, 2014, pp. 165-182.
  14. Choi, S., "An Empirical Study of Social Network Service(SNS) Continuance : Incorporating the Customer Value-Satisfaction-Loyalty Model into the IS Continuance Model", Asia Pacific Journal of Information Systems, Vol. 23, No. 4, 2013, pp 1-28.
  15. Choi, S., "Examining Determinants of Social Network Service(SNS) Use Based on Smartphones : Focusing on Technical, Hedonic, and Social Characteristics", Journal of Information Technology Applications and Management, Vol. 19, No. 4, 2012, pp. 75-95.
  16. Davis, F. D., "Perceived Usefulness, Perceived Ease of Use, and User Acceptance of Information Technology", MIS Quarterly, Vol. 13, No. 3, 1989, pp. 319-340. https://doi.org/10.2307/249008
  17. Eisend, M., "Explaining the Impact of Scarcity Appeals in Advertising : The Mediating Role of Perceptions of Susceptibility", Journal of Advertising, Vol. 37, No. 3, 2008, pp. 33-40. https://doi.org/10.2753/JOA0091-3367370303
  18. Fornell, C. and Larcker, D. F., "Evaluating Structural Equations with Unobservable Variables and Measurement Error", Journal of Marketing Research, Vol. 18, No. 1, 1981, pp. 39-50. https://doi.org/10.2307/3151312
  19. Gierl, H. and Huettl, V., "Are Scarce Products Always More Attractive? The Interaction of Different Types of Scarcity Signals with Products' Suitability for Conspicuous Consumption", International Journal of Research in Marketing, Vol. 27, No. 3, 2010, pp. 225-235. https://doi.org/10.1016/j.ijresmar.2010.02.002
  20. Gierl, H., Plantsch, M., and Schweidler, J., "Scarcity Effects on Sales Volume in Retail", International Review of Retail, Distribution and Consumer Research, Vol. 18, No. 1, 2008, pp. 45-61. https://doi.org/10.1080/09593960701778077
  21. Hair, J., Black, W. C., Babin, B. J., and Anderson, R. E., Multivariate Data Analysis-A Global Perspective, 7th edn., Pearson, New Jersey, 2010.
  22. Hirschman, E. C. and Holbrook, M. B., "Hedonic Consumption : Emerging Concepts, Methods and Propositions", Journal of Marketing, 1982, Vol. 46, No. 3, pp. 92-101. https://doi.org/10.2307/1251707
  23. Hong, T., Pei, L., Choi, S., and Park, J., "A Study of the Continuous Use Intention of Social Commerce", The Journal of Information Systems, Vol. 21, No. 2, 2012, pp. 135-160. https://doi.org/10.5859/KAIS.2012.21.2.135
  24. Jo, M. and Heo, J., "The Effects of the Social Commerce Characteristics on Shopping Value and Satisfaction on Foodservice Products" Journal of Tourism Sciences, Vol. 38, No. 3, 2014, pp. 33-56.
  25. Kim, S. and Park, H., "An Empirical Study on Individual and Social Commerce Factors Impacting Shopping Value and Intention to Repurchase in Social Commerce and Moderating Effects of Perceived Security", Journal of the Korea society of IT services, Vol. 12, No. 2, 2013, pp. 31-53. https://doi.org/10.9716/KITS.2013.12.2.031
  26. Kim, Y., "Social Commerce Market Trends and Policy Issues", Korea Information Society Development Institute, Vol. 23, No. 11, 2011, pp. 41-63.
  27. Knishinsky, A., The Effects of Scaricity of Material and Exclusivity of Information on Industrial Buyer Perceived Risk in Provoking a Purchase Decision, Arizona State University, Dissertation, 1982.
  28. Lam, S. Y., Shankar, V., Erramilli, M. K., and Murthy, B., "Customer Value, Satisfaction, Loyalty, and Switching Costs : An Illustration from a Business-to-Business Service Context", Journal of the Academy of Marketing Science, Vol. 32, No. 3, 2004, pp. 293-311. https://doi.org/10.1177/0092070304263330
  29. Lazarus, R. S., Emotion and Adaptation, New York, NY : Oxford University Press, 1991.
  30. Lee, B. and Kim, B., "A Study on Customers' Impulsive Buying in Social Commerce Environment : The Role of Flow and Emotion", The Journal of Information Systems, Vol. 21, No. 3, 2012, pp. 117-136. https://doi.org/10.5859/KAIS.2012.21.3.117
  31. Lee, S. and Han, E., "Media Use and Consumption Values : Cultivation Theory and Socialization Theory", The Korean Journal of Advertising, Vol. 24, No. 8, 2013, pp. 257-275. https://doi.org/10.14377/KJA.2013.11.30.257
  32. Liang, T. and Turban, E., "Introduction to the Special Issue Social Commerce : A Research Framework for Social Commerce", International Journal of Electronic Commerce, Vol. 16, No. 2, 2011-12, pp. 5-14.
  33. Liang, T., Ho, Y., Li, Y., and Turban, E., "What Drives Social Commerce : The Role of Social Support and Relationship Quality", International Journal of Electronic Commerce, Vol. 16, No. 2, 2011-12, pp. 69-90. https://doi.org/10.2753/JEC1086-4415160204
  34. Lin, H. and Wang, Y., "An Examiniation of the Determinants of Customer Loyalty in Mobile Commerce Contexts", Information and Management, Vol. 43, 2006, pp. 271-282. https://doi.org/10.1016/j.im.2005.08.001
  35. Lynn, M., "Scarcity Effects on Value : A Quantitative Review of the Commodity Theory Literature", Psychology and Marketing, Vol. 8, No. 1, 1991, pp. 43-57. https://doi.org/10.1002/mar.4220080105
  36. Nysveen, H., Pedersen, P. E., and Thorbjornsen, H., "Intentions to Use Mobile Services : Antecedents and Cross-Service Comparisons", Journal of the Academy of Marketing Science, Vol. 33, No. 3, 2005, pp. 330-346. https://doi.org/10.1177/0092070305276149
  37. Oliver, R. L., "A Cognitive Model for the Antecedents and Consequences of Satisfaction", Journal of Marketing Research, Vol. 17, 1980, pp. 460-469. https://doi.org/10.2307/3150499
  38. Roy, R. and Sharma, P., "Scarcity Appeal in Advertising : Exploring the Moderating Roles of Need for Uniqueness and Message Framing", Journal of Advertising, Vol. 44, No. 4, 349-359. https://doi.org/10.1080/00913367.2015.1018459
  39. Shen, J. and Kim, J., "Global Strategy of Social Commerce Firm Groupon : Focusing on the Case of Korea, China and France", Journal of the Korea Service Managemant Society, Vol. 14, No. 4, 2013, pp. 53-75.
  40. Snyder, C. R. and Fromkin, H. L., Uniqueness : The Human Pursuit of Difference, New York : Plenum Press, 1980.
  41. Song, H. G., Chung, N., and Koo, C., "Impulsive Buying Behavior of Restaurant Products in Social Commerce : A Role of Serendipity and Scacity Message", Proceedings of The Pacific Asia Conference on Information Systems (PACIS), Singapore, 2015.
  42. Sweeney, J. C. and Soutar, G. N., "Consumer Perceived Value : The Development of a Multiple Item Scale", Journal of Retailing, Vol. 77, No. 2, 2001, pp. 203-220. https://doi.org/10.1016/S0022-4359(01)00041-0
  43. Van Herpen, E., Pieters, R., and Zeelenberg, M., "How Product Scarcity Impacts on Choice : Snob and Bandwagon Effects", in Advances in Consumer Research, Vol. 32, Geeta Menon and Akshay R. Rao, eds., Duluth, MN : Association for Consumer Research, 2005, pp. 623-624.
  44. Zajonc, R. B. and Markus, H., "Affect and Cognition : The Hard Interface", In : Izard, C. E., Kagan, J. and Zajonc, R. B. (Eds.), Emotions, Cognition, and Behavior, Cambridge University Press, Cambridge, 1984, pp. 63-103.
  45. Zajonc, R. B. and Markus, H., "Must All Affect Be Mediated By Cognition?", Journal of Consumer Research, Vol. 12, No. 1, 1985, pp. 363-364. https://doi.org/10.1086/208523
  46. Zajonc, R. B., "Feeling and Thinking, Preferences Need No Inferences", American Psychologist, Vol. 35, No. 2, 1980, pp. 151-175. https://doi.org/10.1037/0003-066X.35.2.151
  47. Zeithaml, V. A., "Consumer Perceptions of Price, Quality, and Value : A Means-End Model and Synthesis of Evidence", Journal of Marketing, Vol. 52, 1988, pp. 2-22. https://doi.org/10.2307/1251446
  48. Zhang, H., Lu, Y., Gupta, S., and Zhao, L., "What Motivates Customers to Participate in Social Commerce? The Impact of Technological Environments and Virtual Customer Experiences", Information and Management, Vol. 51, 2014, pp. 1017-1030. https://doi.org/10.1016/j.im.2014.07.005

Cited by

  1. 스마트폰 기반 모바일상거래의 실용적가치와 지속이용의도 vol.25, pp.3, 2016, https://doi.org/10.5859/kais.2016.25.3.31