Marketing microcredit to bottom of the pyramid market Investigating determinants and the role of self-identity: the case of youth in post-war context
Article
Article Title | Marketing microcredit to bottom of the pyramid market Investigating determinants and the role of self-identity: the case of youth in post-war context |
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ERA Journal ID | 19795 |
Article Category | Article |
Authors | Jebarajakirthy, Charles and Thaichon, Paramaporn |
Journal Title | International Journal of Bank Marketing |
Journal Citation | 34 (2), pp. 191-215 |
Number of Pages | 25 |
Year | 2016 |
Publisher | Emerald |
Place of Publication | United Kingdom |
ISSN | 0265-2323 |
1758-5937 | |
Digital Object Identifier (DOI) | https://doi.org/10.1108/IJBM-12-2014-0176 |
Web Address (URL) | https://www.emerald.com/insight/content/doi/10.1108/IJBM-12-2014-0176/full/html |
Abstract | Purpose – The leading multinational companies tend to expand their marketing activities to bottom of pyramid (BOP) market. The BOP market comprises many segments, however, little is known about the purchase behaviour of BOP market or segments therein. Microcredit provides credit access to customers in BOP market. The purpose of this paper is to investigate youth’s intentions of obtaining microcredit in the post-war era, which could be a segment of BOP market. Design/methodology/approach – The sample comprised 1,250 youth aged 18-27 selected from the Northern Province of Sri Lanka. Surveys were administered for data collection. After testing measurement model, two structural models – full model and non-mediated model (direct effects model) were run to test hypotheses. Findings – Positive affect, subjective norms, entrepreneurial desire and self-identity enhanced intentions of obtaining microcredit, whereas perceived deterrents reduced those intentions. Additionally, self-identity mediated the association between positive affect, entrepreneurial desire, perceived behavioural control and knowledge of microcredit, and intentions of obtaining microcredit. Research limitations/implications – This study was conducted amongst youth in one country. Also, the data were cross-sectional. Hence, the model needs testing with youth and adults in other post-war contexts and with longitudinal data. Practical implications – The findings of this study inform how effectively microcredit can be marketed to youth in post-war contexts and to the other segments of BOP market. Originality/value – A unique purchase behavioural model is suggested with the mediating role of self-identity, to enhance intentions of obtaining microcredit in BOP markets, such as youth in post-war contexts. This study contributes to literature relating to purchase behaviour and self-identity, with particular reference to BOP market. |
Keywords | Consumer behaviour; Credit; Market segmentation; Financial services; Young people |
Public Notes | Files associated with this item cannot be displayed due to copyright restrictions. |
Byline Affiliations | Swinburne University of Technology |
SP Jain School of Global Management, Australia |
https://research.usq.edu.au/item/y840q/marketing-microcredit-to-bottom-of-the-pyramid-market-investigating-determinants-and-the-role-of-self-identity-the-case-of-youth-in-post-war-context
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