2014
DOI: 10.21102/gefj.2014.03.71.04
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Determinants of Customer Satisfaction on Retail Banks in New Zealand: An Empirical Analysis Using Structural Equation Modeling

Abstract: Customer retention is very crucial to the continuous survival of retail banking anywhere in the world, most especially when the deregulation of the sector has provided the customers with different choices to satisfy their financial needs. This has made many banks to pursue different strategies that will increase their customer satisfaction through enhanced service quality. This study examined the determinants of retail bank customer satisfaction in New Zealand through the survey of their perception about the b… Show more

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Cited by 12 publications
(6 citation statements)
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“…Akbar and Parvez (2014) pointed out about the quality of service and customer satisfaction in both the business and academic sectors and provided a strong relationship between quality of service and customer satisfaction. It can measure customer satisfaction through customer expectation compression with actual performance, where the customer will be satisfied when the actual performance meet his expectations, and dissatisfied when actual performance does not meet his expectations (Abdullah et al, 2014;Lin et al, 2015;Saidu Badara et al, 2013). The fluctuation of the value, that customers benefits directly affects customer satisfaction, which leads to the decrease on the number of customers from using the products or services of this company, and they start looking for an alternative service provider who can maintain the same level of services quality provided (Cronin et al, 2000;Hennig-Thurau & Klee, 1997;Wangenheim & Bayón, 2007).…”
Section: Customer Satisfactionmentioning
confidence: 99%
“…Akbar and Parvez (2014) pointed out about the quality of service and customer satisfaction in both the business and academic sectors and provided a strong relationship between quality of service and customer satisfaction. It can measure customer satisfaction through customer expectation compression with actual performance, where the customer will be satisfied when the actual performance meet his expectations, and dissatisfied when actual performance does not meet his expectations (Abdullah et al, 2014;Lin et al, 2015;Saidu Badara et al, 2013). The fluctuation of the value, that customers benefits directly affects customer satisfaction, which leads to the decrease on the number of customers from using the products or services of this company, and they start looking for an alternative service provider who can maintain the same level of services quality provided (Cronin et al, 2000;Hennig-Thurau & Klee, 1997;Wangenheim & Bayón, 2007).…”
Section: Customer Satisfactionmentioning
confidence: 99%
“…Abdullah et al (2014) examined the perception of banks regarding SERVQUAL to establish the determinants of customer satisfaction for retail banks in New Zealand. The study analyzed five dimensions of the SERVQUAL in relation to the customer satisfaction, mainly by relying on the SEM technique.…”
Section: Literature Reviewmentioning
confidence: 99%
“…The importance of customer satisfaction in financial services has been studied extensively in the existing literature (Abdullah et al , 2014; Arbore and Busacca, 2009). Fonseca (2009) defines customer satisfaction as “an overall assessment of the performance of various attributes that constitute a service” (p. 353).…”
Section: Conceptual Frameworkmentioning
confidence: 99%