A "Hybrid" reflective and formative model of customer loyalty in retail banking

Chris Baumann, Greg Elliott, Hamin Hamin

Research output: Chapter in Book/Report/Conference proceedingConference proceeding contributionpeer-review

Abstract

This study examines customer loyalty in retail banking and, in particular, the influence of 'variety seeking' and 'resistance to change' on current and future (both long- and short-term) loyalty. In contrast to the usual "reflective" approach, this study employs a "hybrid" reflective and formative approach to Structural Equation Modelling and, in contrast to the original reflective model, the resultant model produced acceptable measures of fit and predictive results.
Original languageEnglish
Title of host publicationANZMAC 2009 Proceedings
EditorsDr Dewi Tojib
Place of PublicationAustralia
PublisherAustralian & New zealand Marketing Academy
Pages1-11
Number of pages11
ISBN (Print)1863081585
Publication statusPublished - 2009
EventANZMAC 2009 : Sustainable Management and Marketing Conference -
Duration: 30 Nov 20092 Dec 2009

Conference

ConferenceANZMAC 2009 : Sustainable Management and Marketing Conference
Period30/11/092/12/09

Keywords

  • share of wallet
  • customer loyalty
  • formative & reflective measurements
  • variety seeking
  • resistance to change
  • structural equation modelling

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