Identifying determinants of refurbished apparel adoption: An attribution theory perspective

Abstract

Environmental pollution is wreaking havoc on countries all over the world today. Environmental issues are compelling governments, businesses, and consumers to collaborate to mitigate environmental damage. The concept of remanufacturing or refurbishing products has recently gained popularity. This study attempted to identify the determinants of intention to adopt refurbished apparel (IARA). Attribution Theory classified the set of independent variables into two categories namely intrinsic (customer behavior, customer value, and green awareness) and extrinsic (government policies, technological advancements, and reverse logistics). An econometric model was proposed to validate the association between the dependent variable (IARA) and these independent variables. Logistic regression is applied to a survey‐based dataset of 210 respondents. The findings significantly validate the association of internal and external variables with IARA. In addition, it was inferred that the internal variables have greater impact than the external variables.

Reaching out to the bottom of the pyramid to achieve financial inclusion

“…The saturation point is a level in qualitative data collection and analysis where new information stops emerging (Strauss and Corbin, 1998). Accordingly, following the common practice in qualitative studies (Shankar et al , 2023), the data collection process continued until saturation occurred. Overall, 20 people were interviewed.…”

“…Moreover, m-payment may enable BOP consumers to avoid exploitation by nearby unorganised financial services providers. The extant literature has stated several risks leading to perceived sacrifice or loss for the consumers (Forsythe and Shi, 2003; Kumar et al , 2023; Shankar et al , 2023). Users feel internet transactions are riskier than face-to-face transactions (Bojjagani et al , 2023; Kumar and Shankar, 2023).…”

Should I invest or not? Investigating the role of biases and status quo

“…Inertia in decision-making is the tendency of retail investors not to change their portfolios. The propensity to follow preceding options insignificant to the result is called decision inertia (Al os -Ferrer et al, 2016;Shankar et al, 2023aShankar et al, , 2023b. Inertia can arise in multiple scenarios, such as in the case of regret avoidance, high sunk cost, behavioural biases and switching costs when the investor is unwilling to change their decisions, irrespective of the outcome of the desired flow or motion of the investment decision.…”

“…Perceived value is the investors' estimation of the benefits that can be derived from an investment in a particular instrument and its capacity to achieve its potential compared to other options available. Two main components of perceived value that affect an individual's decision-making are quality and price (Talwar et al, 2021;Srivastava et al, 2023;Shankar et al, 2023aShankar et al, , 2023b. Some investors tend towards the price factor in the investment, whereas some investors are focused on the quality of the investment (Titman et al, 2022;Jain and Shankar, 2023).…”

“…3.2.6 Perceived threat. The concept of perceived threat is widely used by a user to define threat in terms of the consumer's insights into the ambiguity and adverse consequences of buying goods (Shankar and Nigam, 2022;Shankar et al, 2023aShankar et al, , 2023b. For investors, the perceived threat is a cognitive valuation of the probability of risk that is associated with it.…”