Impulsive Consumption and Financial Well-Being: Evidence from an Increase in the Availability of Alcohol

Ben‐David, Itzhak; Bos, Marieke

doi:10.1093/rfs/hhaa094

Cited by 36 publications

(3 citation statements)

References 101 publications

(96 reference statements)

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“…Trust in government is considered to be an important aspect that impacts financial wellbeing, since it provides security of individuals, the confidence of safety of their financial resources, especially in times if crises, such as the COVID-19 pandemic [69,85]. In this case, it should be noted that the trust in government to manage a crisis (pandemic) directly impacts the perception of society on their possible vulnerabilities, resilience against financial difficulties related to the pandemic [69], and the effect of different social factors [86,87].…”

Section: Investors' Attitudes Toward Esg Investing and Financial Well...mentioning

confidence: 99%

Opportunities to Increase Financial Well-Being by Investing in Environmental, Social and Governance with Respect to Improving Financial Literacy under COVID-19: The Case of Latvia

et al. 2021

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The latest studies reveal that the COVID-19 pandemic has pushed investors in developed economies to focus more on the value attached to environmental and social responsibilities. Unfortunately, socially responsible investment and compliance with environmental, social and governance criteria are not given enough priority in Latvia at present. The purpose of the study is to investigate how the COVID-19 pandemic has influenced the willingness of Latvians to invest in assets that meet environmental, social and governance (ESG) criteria and factors influencing investors’ choice based on their financial literacy. Different views on sustainable investments, socially responsible investments and the relevance of environmental, social and governance criteria from private investors’ perspectives were analyzed to identify factors influencing investment decisions in favour of sustainable investments. Quantitative analysis was carried out to reveal the regularities between financial literacy, the willingness to invest to meet the ESG criteria and the level of education and income of the Latvian population, as well as their savings/investment experience. Such statistical methods as descriptive statistics and hypothesis testing were applied to perform an analysis of the results. The authors’ findings include the importance of sustainable investing to Latvian society, changes of attitude towards ESG investing in different private investors’ groups under the COVID-19 crisis, and the effects of these changes on the financial well-being of the population and, on the basis of these findings, have come to the conclusion that the willingness to invest in the assets that follow environmental, social and governance criteria depends on the level of education, savings/investment experience and income level.

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Section: Investors' Attitudes Toward Esg Investing and Financial Well...mentioning

confidence: 99%

Opportunities to Increase Financial Well-Being by Investing in Environmental, Social and Governance with Respect to Improving Financial Literacy under COVID-19: The Case of Latvia

et al. 2021

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“…Most studies consider samples of adults, online consumers, and students. Though most studies explore impulse buying regardless of any particular product type or buying setting, some studies focus on certain conditions or product categories, such as students' impulse buying during spring break (George & Yaoyuneyong, 2010) or impulsive consumption of alcohol (Ben‐David & Bos, 2021). In addition, most studies focus on the consumption of food (e.g.…”

Section: Impulse Buying Frameworkmentioning

confidence: 99%

“…In this case, post‐purchase communication between the buyer and seller might be vital for mitigating possible negative post‐purchase outcomes. Second, recent research explores the effect of impulse buying on vulnerable groups such as alcoholics (Ben‐David & Bos, 2021). Nonetheless, in general, impulse buying outcomes for vulnerable groups of consumers, such as elderly people, kids or teenagers, and people with addictions or psychological disorders, are overlooked.…”

Section: Future Research Agendamentioning

confidence: 99%

Post‐purchase effects of impulse buying: A review and research agenda

Obukhovich,

Sipilä,

Tarkiainen

2023

J of Consumer Behaviour

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Although impulse buying has been studied for decades, prior research mostly focuses on reasons for impulse buying rather than its outcomes. In recent years this trend has changed, due to the emerging sustainability agenda and the attention to impulse buying as one of the main antecedents of overconsumption. However, existing research on the outcomes of impulse buying is currently less systematically synthesised compared to research on the antecedents. Therefore, we present a framework‐based systematic literature review on the outcomes of impulse buying based on 54 articles, drawing on the frameworks of theory, context, characteristics and methods (TCCM) and antecedents–decisions–outcomes (ADO). The results include a review and classification of impulse buying outcomes and their interconnections. This study unpacks the outcomes of impulse buying for consumers, society and business. The review also includes impulse buying antecedents to the extent that they are connected to the outcomes. Furthermore, we derive a conceptual framework of the impulse buying process that reveals the cyclic nature of impulse buying. Based on the findings, recommendations for future research are provided under the prism of theoretical, methodological, contextual, and conceptual development. The review also has implications for businesses and policymakers.

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Why does mobile payment promote purchases? Revisiting the pain of paying, and understanding the implicit pleasure via selective attention

Ma,

Tan,

et al. 2024

PsyCh Journal

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The past years have witnessed a phenomenal growth of the mobile payment market, but how mobile payment affects purchase behavior receives less attention from academics. Recent studies suggested that lower pain of paying may not fully clarify the relationship between mobile payment and increased purchases (i.e., mobile payment effect). The current research first introduced price level in Study 1 and demonstrated that the pain of paying served as an underlying mechanism only in the high‐price condition rather than the low‐price condition. As such, Study 2 was conducted in a low‐price context to address the uncovered mechanisms. We propose a new concept of “pleasure of payment” that is defined as an implicit and consumption‐related hedonic response based on the cue theory of consumption. By tracking spontaneous attention to positive attributes (i.e., benefits) of products, Study 2 demonstrated this implicit pleasure as a psychological mechanism for the mobile payment effect when the pain of paying was not at play. These findings have important implications for mobile payment in research and practice by identifying price level as a boundary condition for the role of pain of paying and understanding the positive downstream consequences of mobile payment usage on consumer psychology.

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Impulsive Consumption and Financial Well-Being: Evidence from an Increase in the Availability of Alcohol

Cited by 36 publications

References 101 publications

Opportunities to Increase Financial Well-Being by Investing in Environmental, Social and Governance with Respect to Improving Financial Literacy under COVID-19: The Case of Latvia

Opportunities to Increase Financial Well-Being by Investing in Environmental, Social and Governance with Respect to Improving Financial Literacy under COVID-19: The Case of Latvia

Post‐purchase effects of impulse buying: A review and research agenda

Why does mobile payment promote purchases? Revisiting the pain of paying, and understanding the implicit pleasure via selective attention

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