The Impact of Consumer Knowledge Bias on Narrow-Scope Trust, Broad-Scope Trust, and Relationship Satisfaction

Publikation: Bidrag til bog/antologi/rapportKonferencebidrag i proceedingsForskningpeer review

Abstrakt

This study investigates how consumer knowledge bias - defined as knowledge over/underconfidence (O/U) - influences two types of trust (broad-scope trust and narrow-scope trust) and consumer relationship satisfaction. Based on a survey comprising 756 mutual fund investors, the contribution of this study to the marketing literature is twofold. First, taking a marketing relationship approach this study suggests and demonstrates that knowledge O/U positively influences relationship satisfaction and narrow-scope trust such that the more knowledge O/U a customer becomes, the higher/lower the level of relationship satisfaction and narrow-scope trust. Second, it is proposed and shown that broad-scope trust negatively moderates the relationship between knowledge O/U and relationship satisfaction such that knowledge O/U has a greater positive/negative effect on relationship satisfaction when broad-scope trust is low compared to high. Notably, the study findings strongly suggest that marketing managers should carry out their relationship satisfaction and trust improvement efforts relative to the combination of customers‟ subjective and objective knowledge.
OriginalsprogEngelsk
TitelProceedings of the 15th International Conference Marketing Trends 2016 Madrid
RedaktørerJean-Claude Andreani, Umberto Collesei
Antal sider16
UdgivelsesstedParis-Venice
ForlagMarketing Trends Association
Publikationsdato2016
ISBN (Elektronisk)9782953281127
StatusUdgivet - 2016
BegivenhedThe 15th International Marketing Trends Conference - Isola di San Servolo, Venice, Italien
Varighed: 21 jan. 201623 jan. 2016
Konferencens nummer: 15
http://www.marketing-trends-congress.com/node/3

Konference

KonferenceThe 15th International Marketing Trends Conference
Nummer15
LokationIsola di San Servolo
LandItalien
ByVenice
Periode21/01/201623/01/2016
Internetadresse

Emneord

  • Knowledge over/under confidence
  • Cognitive bias
  • Broad-scope trust
  • Narrow-scope trust
  • Relationship satisfaction

Citationsformater