Customer satisfaction and competencies: An Econometric Study of an Italian Bank

Paola Gritti, Nicolai Juul Foss

    Research output: Working paperResearch

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    Abstract

    We empirically address how customer satisfaction and loyalty in the banking industry may affect profitability. This helps to identify the strategy and competencies necessary to benefit from customer relationships which are important sources for improved performance in the banking. We do this by analyzing data collected on 2,105 customers of 118 branches of one of the biggest banks of an Italian banking group. We find that customer satisfaction impacts loyalty, which in turn has a direct effect on financial and non-financial customer value/total customer value/complex customer value. Moreover, loyalty is a mediator between financial and not-financial customer
    value and two sources of customer satisfaction, namely relationships with the front office and the branch, on the one hand, and the products offered, on the other.
    Original languageEnglish
    Place of PublicationFrederiksberg
    PublisherSamfundslitteratur
    Number of pages35
    ISBN (Print)978-87-91815-11-9
    Publication statusPublished - 2007

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