The accuracy of brand and attribute judgments: The role of information relevancy, product experience, and attribute-relationship schemata

A multidimensional approach for accuracy of ratings is introduced that examines consumers’ abilities to assess various brands across a set of attributes and attribute performances across a set of brands. A model is presented that addresses the roles of the relevancy of information, attribute-relationship schemata, and consumers’ product category experience on the accuracy of their brand attribute ratings. Study participants were provided either with relevant or irrelevant attribute information for various automobile brands and later asked to rate the attribute performances of brands. The results indicate that the provision of relevant information in the judgment environment increases brand and attribute rating accuracy but does not favorably affect consumers’ brand attribute-relationship schemata. Rather, consumers’ product experience was directly related to their attribute-relationship schemata, which in turn were related to improved accuracy of brand and attribute ratings. Kevin Mason is an associate professor of marketing at Arkansas Tech University. His research interests include consumer information processing and choice strategies. He has published in theJournal of Marketing Theory and Practice, Journal of Consumer Marketing, Central Business Review, Journal for the Association of Marketing Educators, andInternational Advances in Economics Research. Thomas Jensen is professor and Wal-Mart lecturer in retailing in the Department of Marketing and Transportation at the University of Arkansas. His research interests include consumer information processing, advertising and price perceptions, and retail image and patronage. His work has been published in theJournal of Consumer Research, Journal of Experimental Social Psychology, Psychology and Marketing, Personality and Social Psychology Bulletin, Journal of Retailing, Journal of Business Research, and other journals. Scot Burton is professor and Wal-Mart chairholder in marketing, Department of Marketing and Transportation, University of Arkansas. His research interests include public policy and consumer welfare concerns, survey research measurement issues, and consumer price and promotion perceptions. His work has been published in theJournal of Marketing, Journal of Marketing Research, Journal of Consumer Research, Journal of the Academy of Marketing Science, Public Opinion Quarterly, Journal of Applied Psychology, Journal of Public Policy & Marketing, Journal of Retailing, and other journals. Dave Roach is a professor of management at Arkansas Tech University. His research interests include information processing, judgmental accuracy, and organization change. He has published inHuman Relations, Journal of Applied Psychology, International Journal of Computer Integrated Manufacturing, Journal of Information Technology Management, Journal of Consumer Marketing, Central Business Review, andJournal for the Association of Marketing Educators.     

General alliance experience,uncertainty, and marketing alliance governance mode choice

Drawing from transaction cost economics (TCE), the knowledge-based view (KBV), and real options theory (ROT), we propose that the general alliance experience of alliance partner firms moderates the impact of market uncertainty and alliance-specific uncertainty on the benefits and costs of the two marketing alliance governance modes, i.e., non-equity alliances and joint ventures. Based on our systematic study of 18,616 marketing alliances occurring in 48 industries across 164 countries between 1992 and 2008, we find general alliance experience significantly moderates firms’ marketing alliance governance mode choices. Our framework reconciles some contradictory empirical results in the interfirm relationship governance structure literature by emphasizing the moderating role of partner firms’ general alliance experience. Specifically, when alliances can be characterized has having a large cultural distance between the partners or having a market with a broad geographic scope, it seems that TCE predictions regarding the marketing alliance governance mode choice hold for inexperienced firms while KBV and ROT predictions hold for experienced firms. In addition, by incorporating key aspects of all three theories, our proposed framework has the potential to provide deeper insights into the role of alliance experience and uncertainty in firms’ marketing alliance governance mode choices.     

汇率制度选择与金融稳定关系研究综述

本文从理论和实证层面对汇率制度选择与金融稳定的研究进程进行了梳理和综述,指出何种汇率制度安排更有助于金融稳定,迄今的研究尚未取得一致的共识。从金融稳定的视角研究汇率制度的选择,其实质就是由谁作为汇率风险的承担主体,更有助于维护金融稳定。本文基于金融稳定的考虑,从汇率风险的承担主体角度,提出了在中国利率市场化改革进程中,如何选择与利率管理体制变迁相协调的汇率制度安排的研究取向。     

追求真实，讲究实效

随着改革开放的深入和社会主义市场经济的建立,人们的价值观念发生了很大的变化。价值取向的多元化,不但允许而且要指导学生有不同的价值选择,只有这样,德育才是真正促进人的发展的教育。教师要营造多元价值并存的空间,提供足够多的表达和争论多元文化观点的机会。把德育根植于校园文化之中,是一个有效的做法。     

Modeling the effects of dynamic group influence on shopper zone choice,purchase conversion,and spending

In many retail contexts, social interaction plays an important role in the shopping process. We propose a three-stage dynamic linear model that captures the influence of group discussion on shopper behavior within a hierarchical Bayes framework. The model is tested using a video tracking and transaction dataset from a specialty apparel store. The research reveals that group conversations have a significant impact on the shopper’s department or “zone” choice, purchase likelihood, and spending over time. This group influence is magnified by the size of the group (particularly for zone penetration and purchase conversion), and is also moderated by group composition and cohesiveness. The conversations of mixed-age groups and groups who stay together while shopping have a significant influence on shopper behavior across all three stages, while discussions by adult groups exhibit a marginal carryover effect for purchase conversion. When shoppers have repeated discussions in a specific department, they are more likely to return to and buy from this department, while the cumulative number of discussions in the store drives higher spending levels. We also observe that group shoppers visit more departments than their solo counterparts; and mixed-age groups and solo shoppers are more likely to buy than adults-only or teen groups. This study has important implications for how retailers manage shopper engagement and group interaction in their stores.     

Some effects of perceived risk on consumer information processing

This experiment investigated, within the context of an information processing theory of consumer behavior, the effects of level of perceived risk on the amount of information acquired and the total time taken processing that information before making a brand choice, and selection of brands made by well-known manufacturers as a risk reduction strategy. A unique aspect of the experiment was the treatment of perceived risk as a stimulus variable rather than its customary treatment as an organism variable. Note Originally a prize-winning paper in the 1979 Academy of Marketing Science student paper competition, this version was prepared for publication by Dr. Raymond Horton.     

Information content and consumer readership of print ads: A comparison of search and experience products

This study builds on past research involving the economics of advertising information (Nelson 1970, 1974) to examine the interplay between advertisers' provision and consumers' readership of information. The authors focus on the prepurchase verifiability of advertising claims in three product categories: search products, experience shopping products, and experience convenience products. They use a broader measure of the information content of advertising than in past research, together with Starch readership scores for a sample of ads from nine U.S. magazines. The results show that the relationship between information provision and readership is positive for search products, negative for convenience products, and nonsignificant for shopping products. Average information levels are significantly higher in ads for shopping products than for convenience and search products. These findings suggest that advertisers may be underinforming consumers when promoting search products. George R. Franke (gfranke@cba.ua.edu) is a professor and Reese Phifer Fellow of Marketing at the University of Alabama. His Ph.D. is from the University of North Carolina. His research interests include public policy, ethics, advertising, and research methodology. His previous research on the information content of advertising includes articles that received best-paper awards from theJournal of Advertising and theJournal of Public Policy & Marketing. Bruce A. Huhmann (bhuhmann@nmsu.edu) is an assistant professor of marketing at New Mexico State University. His Ph.D. is from the University of Alabama. His research interests include advertising, consumer behavior, and international marketing. His primary stream of research focuses on verbal and visual appeals in advertising. He has also coauthored a study on sources of information used in consumer decision making. He has published articles in theJournal of Consumer Research, theJournal of Advertising, theJournal of Health Care Marketing, theAsia Pacific Journal of Management, and in other journals and conference proceedings. David L. Mothersbaugh (dmothers@cba.ua.edu) is an associate professor and Board of Visitors Research Fellow in marketing at the University of Alabama. His Ph.D. is from the University of Pittsburgh. His research interests include advertising, rhetorical language, consumer knowledge, search and decision making, e-commerce, and services marketing. He has publications in journals such as theJournal of Consumer Research, theJournal of Retailing, theJournal of Business Research, and theJournal of Consumer Affairs, as well as in various conference proceedings.     

The moderating role of the price frame on the effects of price range and the number of Competitors on consumers’ search intentions

The Internet and Internet shopping agents (ISAs) are likely to have a substantial impact on the way consumers shop and conduct price searches. This article examines how the price frame (the relative position of a retailer’s price presented by ISAs) moderates the effects of the price range and the number of competitors carrying a product on consumers’ search intentions. Building on prospect theory and range theory, the authors predicted that the effects of price range and the number of competitors on consumers’ search intentions would be more pronounced in a negative price frame than in a positive price frame. The results of two experiments provide support for these predictions. Dhruv Grewal (dgrewal@babson.edu), Ph.D., is the Toyota Chair in Commerce and Electronic Business and a Professor of Marketing at Babson College. He is currently co-editor ofJournal of Retailing (2001-present). His research and teaching interests focus on e-business, retailing, global marketing, pricing, and value-based marketing strategies. He has published over 65 articles in journals such asJournal of Marketing, Journal of Consumer Research, Journal of Marketing Research, Journal of Retailing, and Journal of the Academy of Marketing Science. He cochaired the 1993 AMS Conference, the 1998 Winter AMA Conference, and the 2001 AMA Doctoral consortium. He will be cochairing the AMA 2006 Summer Educator’s Conference. Joan Lindsey-Mullikin (jmullikin@babson.edu), Ph.D., is an assistant professor of marketing at Babson College. Her research and teaching interests focus on pricing, retailing, and consumer behavior. She has published in journals such asJournal of Retailing, Journal of the Academy of Marketing Science, Journal of Consumer Affairs, Journal of Social Psychology, andJournal of Product and Brand Management. She serves on the review board ofJournal of Product and Brand Management.     

The influence of involvement and product class quality on consumer choice sets

The study findings suggest that the level of response involvement (high versus low) and the variability of product class quality (high versus moderate versus low) influence the size of the consumer’s choice set. By manipulating product class quality the authors show that as the variability in product class quality increases, consumers reduce the number of brands they will consider purchasing (evoked set) and increase the number of brands they won’t consider (inept set). They also use the response involvement variable a priori to categorize the (sample) population. The results indicate that, as the variability in product class quality increases, the high response involvement groups form smaller evoked sets and larger inept sets than the low response involvement groups.     

The effect of shipping fee structure on consumers’ online evaluations and choice

This research examines how consumers respond to different shipping fee structures. Focusing on two of the most common shipping fee structures, flat rate shipping and threshold-based free shipping, we first demonstrate that offer evaluations are less (more) favorable with threshold-based free shipping when order value is below (above) the free shipping threshold compared to flat rate shipping. However, when an alternative more important referent is present, the effect of shipping fee structure is attenuated. Second, we show that although perceptions of shipping fees as a profit generator are higher (lower) under threshold-based free shipping relative to flat rate shipping for order values below (above) the free shipping threshold, providing a justification for the shipping fee by explicitly linking it to delivery costs encourages consumers to view the shipping fee as a cost of doing business rather than as a profit generator, thus raising offer evaluations.     

Salesperson stereotypes,consumer emotions,and their impact on information processing

This study examines salesperson stereotypes and their effect on the selling environment. After reviewing relevant literature, the authors advance a hierarchical structure of salesperson stereotype categories. Experimental results suggest that stereotypes influence consumer emotions, and these emotions then mediate the relationship between stereotype activation and subsequent consumer cognitions. He received his Ph.D. from Louisiana State University in 1991. His expertise is in the area of consumer behavior and research methods. Current research topics center on consumption-related emotions, their measurement, and their impact on decision making. His research appears in theJournal of Consumer Research, Journal of Business Research, Journal of Consumer Affairs, Advances in Consumer Research, as well as in numerous other national and regional publications. He received his Ph.D. from Louisiana State University. His research centers on sales management and the conflicting roles of salespeople. His work appears in prestigious outlets such as theJournal of the Academy of Marketing Science, Journal of Personal Selling and Sales Management, Journal of Marketing Education, as well as in various conference proceedings. He received his Ph.D. from the University of North Carolina. He was named Outstanding Marketing Educator by the Academy of Marketing Science in 1990. He has published more than 400 scholarly articles in prestigious outlets such as theJournal of the Academy of Marketing Science, Journal of Consumer Research, Journal of Marketing Research, andJournal of Marketing.     

The effects of job autonomy, customer demandingness, and trait competitiveness on salesperson learning, self-efficacy, and performance

Although self-efficacy has been demonstrated to be positively associated with performance-related variables, few studies have looked at its possible antecedents in the context of personal selling. Applying social cognitive theory, this study posits that while self-efficacy positively affects performance, the salesperson's learning effort directly affects self-efficacy. Furthermore, two task-related factors (perceived job autonomy and customer demandingness) and one individual difference variable (trait competitiveness) are proposed to affect salesperson learning effort and self-efficacy. Two empirical studies show consistent results regarding the positive effects of learning on efficacy and efficacy on performance as well as the influences of three exogenous constructs on learning and efficacy. Implications and future research directions are discussed. Guangping (Walter) Wang is an assistant professor of business at Penn State University at Hazleton. He received his Ph.D. in marketing from Louisiana State University in 2000. His research interests include sales management, relationship marketing, database marketing, and e-commerce. His work has appeared or been accepted for publication in theJournal of Vocational Behavior, Journal of Business Research, Journal of Relationship Marketing, Journal of Global Marketing, and a number of national and international conference proceedings. Richard G. Netemeyer is a professor of marketing in the McIntire School of Commerce at the University of Virginia. He received his Ph.D. in marketing from the University of South Carolina in 1986. His research interests are primarily consumer and organizational-behavior issues. His research has appeared in theJournal of Consumer Research, Journal of Marketing Research, Journal of Marketing, Journal of Applied Psychology, OBHDP, JAMS, and others.     

The effects of appeals,anonymity, and feedback on mail survey response patterns from salespeople

The effects of manipulation of appeal types, anonymity/nonanonymity, and the promiselno promise of feedback of research results on response patterns were examined using a sales population. The results indicate that the use of these techniques can enhance the response patterns from salespeople. Specifically, the egoistic appeal, the interaction of egoistic appeal with anonymity, and feedback were shown to influence response rate, response speed, and response completeness.     

The effects of expertise,end goal,and product type on adoption of preference formation strategy

The global preference formation model identifies several preference formation strategies (i.e., own-based, other-based, or hybrid) that consumers use to select among alternative product offerings. This article examines how consumers’ expertise level (novice vs. expert), their end goals (satisficing vs. optimizing), and product type (search vs. experience product) collectively influence the preference formation strategy likely to be adopted. Results from an experiment indicate that the adoption of a given strategy is influenced by interactions between subjects’ expertise level and their end goals and the product type. Novice satisficers employed a higher proportion of own-based strategies than novice optimizers, but expert satisficers used a lower proportion of own-based strategies than expert optimizers. When compared to novices choosing a search product, novices selecting an experience product used a lower proportion of own-based and a higher proportion of other-based strategies. Similarly, when compared to experts choosing a search product, experts selecting an experienced product used a lower proportion of own-based strategies, but this was accompanied by a higher proportion of hybrid strategies. Implications and directions for future research are discussed. Her current research interests include consumer choice processes, electronic decision aids, and measurement issues in marketing. His research interests include consumer information search, marketing communications, and measurement issues.     

The curvilinear and conditional effects of product line breadth on salesperson performance, role stress, and job satisfaction

The impact of how product line breadth affects a salesperson is unclear in the existing literature. While numerous product lines can provide certain benefits to the salesperson, they may also have a dark side. This research examines the impact of number product lines handled by the salespeople on their performance, role stress, and job satisfaction. Based on role and schema theories, we test a series of curvilinear and conditional effects, using data collected from salespeople across multiple industries. Our analysis indicates non-linear relationships between number of product lines handled by the salesperson and salesperson performance and role stress. Further, these relationships are contingent on the complexity of products, complementarity of product lines, and lines acquired through mergers and acquisitions. These results show the complex effects of product lines on the salesperson and recognize both the benefits and drawbacks of product line breadth.     

金融制度变革与商业银行发展道路选择

20世纪70年代末开始,中国进行了轰轰烈烈的经济改革,使中国经济实力及综合国力迅速增强.在这场改革大潮中,中国的金融业也进行了全方位的改革,金融制度的变迁,使得中国金融业走上了健康发展之路.21世纪,随着金融制度的变迁与完善,中国金融业将进一步释放出蕴藏的巨大发展能量.     

经济增长中的劳动就业效应及税收政策选择

就业政策应该是最为优先的经济政策和社会政策。经济增长是实现有效就业的最重要途径，税收政策又是实现经济增长的重要推动力，当前更要重视运用积极税收政策来刺激投资和消费，充分发挥税收的杠杆作用，以创造更多的就业机会。