Customer satisfaction with socially responsible investing initiatives : The influence of perceived financial and non-financial quality
(2014) In Journal of Financial Services Marketing 19(4). p.265-276- Abstract
- During the last decade, socially responsible investment (SRI) initiatives have grown to become a mainstream financial service in many countries. However, to date, only a few studies focus on understanding the final investor of such initiatives. This article focuses on one particularly overlooked aspect of SRI behavior; that of customer post-purchase satisfaction. A theoretical model of satisfaction with SRI-profiled mutual funds is developed and tested. The results indicate that perceived financial performance of the SRI-profiled mutual fund is the most important predictor of customer satisfaction. However, perceived environmental, social and governance (ESG) performance also had a positive impact on satisfaction for the SRI mutual fund.... (More)
- During the last decade, socially responsible investment (SRI) initiatives have grown to become a mainstream financial service in many countries. However, to date, only a few studies focus on understanding the final investor of such initiatives. This article focuses on one particularly overlooked aspect of SRI behavior; that of customer post-purchase satisfaction. A theoretical model of satisfaction with SRI-profiled mutual funds is developed and tested. The results indicate that perceived financial performance of the SRI-profiled mutual fund is the most important predictor of customer satisfaction. However, perceived environmental, social and governance (ESG) performance also had a positive impact on satisfaction for the SRI mutual fund. On the basis of these results, it is argued that although ESG quality is important to customers, marketers of SRI initiatives should primarily focus on the conventional quality attributes such as financial performance, as a good ESG record alone is unlikely to generate customer satisfaction. (Less)
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/23edcf79-ad8c-4fe3-8d52-5673492a0733
- author
- Nilsson, Jonas ; Jansson, Johan LU ; Isberg, Sofia and Nordvall, Anna-Carin
- publishing date
- 2014-12
- type
- Contribution to journal
- publication status
- published
- subject
- keywords
- customer satisfaction, perceived quality, socially responsible investment, mutual funds, financial performance
- in
- Journal of Financial Services Marketing
- volume
- 19
- issue
- 4
- pages
- 12 pages
- external identifiers
-
- scopus:84908488324
- DOI
- 10.1057/fsm.2014.24
- language
- English
- LU publication?
- no
- id
- 23edcf79-ad8c-4fe3-8d52-5673492a0733
- alternative location
- https://www.scopus.com/inward/record.uri?eid=2-s2.0-84908488324&doi=10.1057%2ffsm.2014.24&partnerID=40&md5=e9f5dae4d5c7d26cb1d02e7be5e22845
- date added to LUP
- 2017-01-12 15:16:24
- date last changed
- 2022-02-21 23:31:23
@article{23edcf79-ad8c-4fe3-8d52-5673492a0733, abstract = {{During the last decade, socially responsible investment (SRI) initiatives have grown to become a mainstream financial service in many countries. However, to date, only a few studies focus on understanding the final investor of such initiatives. This article focuses on one particularly overlooked aspect of SRI behavior; that of customer post-purchase satisfaction. A theoretical model of satisfaction with SRI-profiled mutual funds is developed and tested. The results indicate that perceived financial performance of the SRI-profiled mutual fund is the most important predictor of customer satisfaction. However, perceived environmental, social and governance (ESG) performance also had a positive impact on satisfaction for the SRI mutual fund. On the basis of these results, it is argued that although ESG quality is important to customers, marketers of SRI initiatives should primarily focus on the conventional quality attributes such as financial performance, as a good ESG record alone is unlikely to generate customer satisfaction.}}, author = {{Nilsson, Jonas and Jansson, Johan and Isberg, Sofia and Nordvall, Anna-Carin}}, keywords = {{customer satisfaction; perceived quality; socially responsible investment; mutual funds; financial performance}}, language = {{eng}}, number = {{4}}, pages = {{265--276}}, series = {{Journal of Financial Services Marketing}}, title = {{Customer satisfaction with socially responsible investing initiatives : The influence of perceived financial and non-financial quality}}, url = {{http://dx.doi.org/10.1057/fsm.2014.24}}, doi = {{10.1057/fsm.2014.24}}, volume = {{19}}, year = {{2014}}, }