Dynamic Impact of the Perceived Value of Public on Panic Buying Behavior during COVID-19

Mao, Qinghua; Hou, Jiang-Xiao; Xie, Pengzhen

doi:10.3390/su14094874

Cited by 10 publications

(4 citation statements)

References 19 publications

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“…When there are no clear guidelines or restrictions in place, individuals may feel a sense of uncertainty and insecurity, leading to a heightened sense of panic and a rush to stockpile essential goods. (Mao et al, 2022) Stringent Government Control: Conversely, when the government implements strict control measures, such as lockdowns or rationing systems, panic buying may be reduced. Clear and decisive government actions can provide a sense of security and stability, assuring the public that the necessary measures are being taken to manage the crisis.…”

Section: Literature Reviewmentioning

confidence: 99%

Factors that Influence the Mechanism of Panic Buying: The Moderating Role of Personal Cognition

Lianjie¹,

Ahmad²,

Kassim³

2023

J. Professional Business Review

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Purpose: The main aim of this research is to analyse the factors that contribute to panic buying behaviour and to give recommendations on government control tactics that might be used in similar situations. Theoretical framework: Scarcity is the theoretical basis of current research in the context of COVID-19 in Quanzhou, Fujian Province, China. Collect and review previous relevant studies by theme to understand the latest literature trends of scarcity, anxiety and panic buying. Method: This research takes 213 clients from Quanzhou City in Fujian Province, China. Using SPSS 27 for regression analysis and PROCESS 3.4.1 for testing the moderating effect and to investigate the status of panic buying. Findings: The problem of panic buying during public crisis circumstances, such as the COVID-19, was explored and solved in this study, it was discovered that: (1) group factors and anxiety have a significant positive impact on panic buying; (2) scarcity and government control have no significant impact on panic buying; and (3) there is no significant moderating effect of personal cognition between the two. Research, practical & social implications: Research has found that scarcity has a significant positive correlation with panic buying and anxiety; Scarcity has a significant impact on panic buying through the mediating effect of individual anxiety. Personal cognition has a significant moderating effect on scarcity on panic buying and anxiety on panic buying. Originality: The research problem addressed in this study is the phenomenon of panic buying during public crisis events such as the COVID-19 pandemic. this study proposes ideas for guiding government control in public crisis events.

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Section: Literature Reviewmentioning

confidence: 99%

Factors that Influence the Mechanism of Panic Buying: The Moderating Role of Personal Cognition

Lianjie¹,

Ahmad²,

Kassim³

2023

J. Professional Business Review

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“…Cooper and Gordon (2021) observed that in response to COVID-19, due to the possible future shortage of resources there was an increase in panic buying in the early 2020s. To mitigate the negative effects of crisis on the NDGs industry in the future, governments at all levels could introduce policies discouraging misinformation, they should consistently provide updates on industries and disincentivise rumours (Mao, Hou, & Xie, 2022).…”

Section: Implications For Theory and Policymentioning

confidence: 99%

The Impact of COVID-19 on Selected Hungarian Industries — Close Observation

NXUMALO,

MSOMI,

MABEBA

2022

Covid-19 Implications Fot the Economy

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On 11 March 2020 the World Health Organization declared COVID-19 as a pandemic. Countries around the world adopted risk-mitigating measures such as lockdown, quarantine, and curfew. Lockdown is an uncommon risk-mitigating measure applied to prevent the spread of the pandemic. There have been diverse views on its effects on the economy. However, it is indisputable that the COVID-19 pandemic imposed an additional burden on industries in the economies of individual countries. The main aim of the study was to assess the impact of the COVID-19 pandemic on selected industries in Hungary. Regression discontinuity design (RDD) was applied to determine the partial impact of the COVID-19 pandemic on selected industries and investigate the effects of COVID-19 around its thresholds at a significant time and stage of the pandemic. The study revealed that COVID-19 negatively affected at least the industrial production of motor vehicles and non-durable goods. The industrial production of durable goods, raw steel, as well as total manufacturing were resilient to the COVID-19 pandemic.

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“…Significant endeavors have been dedicated to unraveling the intricacies of panic buying and comprehending the factors shaping this phenomenon. Numerous studies have approached panic as a psychological response, focusing on pinpointing the contributing factors to such reactions [ 12 , 13 , 14 ]. Some researchers have also investigated how panic can disrupt the equilibrium between supply and demand [ 15 , 16 , 17 ].…”

Section: Introductionmentioning

confidence: 99%

Review on Panic Buying Behavior during Pandemics: Influencing Factors, Stockpiling, and Intervention Strategies

Jazemi,

Farahani,

Otieno

et al. 2024

Behavioral Sciences

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Panic buying poses significant challenges for individuals and societies. This paper provides a literature review on the process by which a pandemic crisis evolves into panic buying behavior. The review offers a comprehensive perspective on studies related to panic buying and mitigation efforts, categorizing them based on their contributions in three stages: factors influencing panic buying, the process of transforming panic into increased demand and stockpiling, and applicable intervention strategies to mitigate panic situations. The paper introduces the Socio-Economic Framework of Panic (SEFP) to illustrate the interaction between demand and supply during a panic. The review identifies a lack of quantitative models explicitly correlating influencing factors with panic and estimating panic demand. Additionally, it reveals that suggested intervention strategies often lack practical implementation guidelines. Using the SEFP, the importance of considering interventions at various stages is highlighted, ranging from controlling influencing factors and panic demands to overseeing stockpiling and supply-related activities. The paper also identifies research gaps in both qualitative and quantitative modeling, policymaking, and governance.

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Dynamic Impact of the Perceived Value of Public on Panic Buying Behavior during COVID-19

Cited by 10 publications

References 19 publications

Factors that Influence the Mechanism of Panic Buying: The Moderating Role of Personal Cognition

Factors that Influence the Mechanism of Panic Buying: The Moderating Role of Personal Cognition

The Impact of COVID-19 on Selected Hungarian Industries — Close Observation

Review on Panic Buying Behavior during Pandemics: Influencing Factors, Stockpiling, and Intervention Strategies

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