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The Impact of Consumption Values on Environmentally Friendly Product Purchase Decision

융합경영연구 / The Journal of Economics, Marketing and Management, (E)2288-7709
2021, v.9 no.4, pp.31-43
https://doi.org/https://doi.org/10.20482/jemm.2021.9.4.31
LEE, Juyon (in Marketing, Seoul National University, Institute of Management Research, Seoul National University)
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Abstract

Purpose: This study investigated how consumption values influence consumers' purchasing decisions regarding environmentally friendly products. Based on the Consumption Values Theory, six dimensions of consumption values were defined: functional value-quality, functional value-price, emotional value, social value, conditional value, and epistemic value. In particular, the current study analyzed the differential impact of the environmentally friendly consumption values between two consumer groups - users and nonusers. By doing so, more effective marketing strategies can be applied to the target groups. Research design, data, and methodology: The online survey was conducted through Macromill Embrain in Korea to collect data from users vs. nonusers of environmentally friendly products. There were 215 usable responses in the users sample and 225 responses in the nonusers sample. Structural equation modeling (SEM) was performed by using AMOS 18.0. Results: The results revealed that four dimensions of consumption values, i.e., functional value-price, emotional value, conditional value, and epistemic value, positively influenced the users, while functional value-price and epistemic value positively influenced purchase intention toward environmentally friendly products among the nonusers. Conclusions: These results have important implications for applying effective marketing strategies for target consumers. Theoretical and practical implications are also discussed.

keywords
consumption values theory, sustainability, environmentally friendly products, users vs. nonusers, purchase decision

융합경영연구