Factor Analysis of Panic Buying During the Covid-19 Period in Indonesia

Wıjaya, Tony

doi:10.2139/ssrn.3603750

Cited by 20 publications

(22 citation statements)

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“…In addition, risk avoidance increases when the public has access to credible information from health authorities and medical knowledge (Sailer et al., 2020). Subsequently, communication between individuals, households and communities also contributes to mediating panic behaviour (Upton & Nuttall, 2014; Wijaya, 2020).…”

Section: Discussionmentioning

confidence: 99%

“…Some consumers show a pragmatic and rational approach in their coping behaviour and panic does not overshadow their rational thinking and actions. Common consumer cognitive responses have been knowledge accumulation and self‐education (Sailer et al., 2020; Wijaya, 2020). Other cognitive responses have been social connectedness, do‐it‐yourself behaviours, changing views of brands and learning to live with disasters through transformative changes in consumption and identity (Kirk & Rifkin, 2020).…”

Section: Discussionmentioning

confidence: 99%

“…Within the consumer perspective, the psychological causes of panic buying dominated the bulk of the studies (Arafat et al., 2020; Gallagher et al., 2017; Nicomedes & Avila, 2020; Sim et al., 2020; Yuen et al., 2020; Wijaya, 2020). Wijaya (2020) mentions that more research is needed on larger samples for studying how social distancing and government interventions impact panic buying.…”

Section: Research Gaps and Future Research Agendamentioning

confidence: 99%

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Panic buying research: A systematic literature review and future research agenda

Billore

Anisimova

2021

Int J Consumer Studies

165

127

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Panic buying has re‐emerged as a ‘new’ normal consumer behaviour and has become a coping mechanism for real and perceived dangers associated with COVID‐19. Despite the need for a better understanding of the panic buying phenomenon, there has been a lack of scholarly research on this topic. This study seeks to fill this gap. In this article, we systematically review extant studies in panic buying from the last two decades. We analyse and categorize them according to Callahan's 4W (2014) review structure and Paul and Rosado‐Serrano's (2019) TCCM framework. We found that the existing publications in panic buying are fragmented across multiple disciplines. Due to the nature of the panic‐induced behaviour, most of them have been written as a reaction to the pandemic crisis. We contribute to marketing research by providing theoretical, contextual and methodological insights into the field of panic buying. Furthermore, we develop a research agenda related to retailer and consumer perspectives. Additionally, we identify research issues related to policymaking and governance, as well as broader societal impacts that need to be addressed in the future.

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Section: Discussionmentioning

confidence: 99%

Section: Discussionmentioning

confidence: 99%

Section: Research Gaps and Future Research Agendamentioning

confidence: 99%

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Panic buying research: A systematic literature review and future research agenda

Billore

Anisimova

2021

Int J Consumer Studies

165

127

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“…Epidemics, natural disasters and extraordinary events trigger panic buying in general and during COVID-19 too people resorted to buying excessive amounts of toilet paper, hand sanitizers, dry rations etc. Panic purchases during a public crisis negatively impact social stability, economic orders, company management, and consumer psychology [59]. The need and obligation to protect and care for the family in uences the consumer's considerations, family being a social factor that in uences consumer decisions related to panic buying behaviour.…”

Section: Discussionmentioning

confidence: 99%

A population survey on behavioural insights on COVID-19 in Sri Lanka: A quantitative analysis on perceptions, behaviours, opinions, trust and affect to inform pandemic outbreak response

Ginige

Silva²,

Bandara³

et al. 2021

Preprint

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Background The COVID-19 pandemic outbreak is placing insurmountable challenges and burden on health systems and authorities demanding responses with effective and appropriate policies and interventions. Wrong decision making, lack of foresightedness and preparation in the acute and transition phases can threaten the gains collectively achieved. Understanding the behaviours, perceptions and feelings of the population is imperative in management decisions. Not much evidence is available on such behavioural insights to inform the COVID-19 response in countries. This study is expected to contribute to the evidence-informed understanding on effective management of the outbreak.Methods This was a cross sectional observational study with entirely voluntary online participation. The study protocol and the questionnaire, originally prepared by a WHO collaboration, were adjusted to match the local setting and resource availability. The study explored 14 variables including perceptions, trust and behaviours in relation to COVID-19. Data was collected during the first wave of COVID-19 in early May 2020 and statistically analysed to see the associations and comparisons between chosen variables.Results N = 1001 with 65.63% from the age range 18–29 years and 65% from the non -health care worker category. Basic or postgraduate degree holders were 64.7%. Participants were from 23 out of the 25 districts in SL with 34.07% from high-risk districts. They were in general, knowledgeable (e.g., > 95% correctly identified common symptoms of COVID19) and majority (99.5%) reported conforming to the health recommendations. They trusted government health bodies including hospitals (90.8%) but majority (63.8%) had poor confidence in media in the ability to manage the outbreak. Stigma around COVID-19 was not a concern for the majority of 78.9%. Participants less than 30 years believed in conspiracies around COVID-19 more than older counterparts.Conclusion The perceptions, affect and behaviour of the study population gives insights on information dissemination, gaps in health message delivery, alternative approaches in responding and policy making helping to improve the pandemic response.

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“…This study also figures out that COVID-19 pandemic affects consumer hoarding behavior. And, it is the most frequently impact discussed by previous studies such as Miri, et al (2020) 36 ; Wijaya (2020) 37 ; Sheth (2020) 38 ; 39 ; Shadiqi, et al 36 Miri, S. M., Roozbeh, F., Omranirad, A., & Alavian, S. M. (2020) 40 ; Keane and Neal (2020) 41 , and 42 . According to Chu (2018) 43 , hoarding behavior is the action for saving and securing a large number of goods for the ultimate needs.…”

Section: Impact Of Covid-19 Pandemic On Muslim Consumer Behaviormentioning

confidence: 95%

The Pandemic of Covid-19 and Muslim Consumer Behavior (Case Study in Kota Jayapura, Papua Province)

Affandy

Pratiwi

2021

SJSBS

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This study discusses the Muslim consumer behavior in the pandemic of COVID-19 in Indonesia. The study is a quantitative research using an online survey with a questionnaire to collect the data. The sample is 100 respondents in Jayapura, the capital city of Papua Province, Indonesia. There are 20 items of statements built related to consumer behavior in the questionnaire. Data analyzed using Exploratory Factor Analysis (EFA) to construct the factors. The result found that there are six consumer behaviors shaped from the extraction of the 20 variables, namely Changes in Needs and Consumption Patterns, More Selective and Well-Informed before Purchasing Goods, Adopting Digital Application in Purchasing Goods, Hoarding Behavior, Oriented to Priority, Brand and Quality, and Consult Doctor Online. These findings suggest the retailers to maintain the production for the essential products needed in the Pandemic, and for the governments to set a regulation for balancing the demand and supply of the essential products during the pandemic, and for the Muslim consumer itself to comply with the Islamic ethical consumption to achieve well-being both in the world and hereafter.

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Factor Analysis of Panic Buying During the Covid-19 Period in Indonesia

Cited by 20 publications

References 0 publications

Panic buying research: A systematic literature review and future research agenda

Panic buying research: A systematic literature review and future research agenda

A population survey on behavioural insights on COVID-19 in Sri Lanka: A quantitative analysis on perceptions, behaviours, opinions, trust and affect to inform pandemic outbreak response

The Pandemic of Covid-19 and Muslim Consumer Behavior (Case Study in Kota Jayapura, Papua Province)

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