The influence of green finance availability to retailers on purchase intention: a consumer perspective with the moderating role of consciousness

Abstract

As the global warming crisis is increasing daily, it is crucial to find ways to reduce the carbon footprint generated by activities like the production, consumption, and distribution of goods and services. This empirical study has looked at one approach through which environment-friendly production and consumption can be encouraged. The developed model has studied the relationship between retailers’ access to green finance and consumer purchase intention of green products by incorporating the role of environmental, status, and future consciousness. Theoretical foundations for this model have been taken from the theory of planned behaviour (TPB) and theory of reasoned action (TRA), which have extensively discussed the role of consciousness and societal norms while making purchase intentions. To gain insights about the purchasing behaviour of consumers, this study collected data from the Jiangsu province of China, where a non-probability convenience sampling technique was used to distribute a questionnaire to 400 respondents between February 2022 and August 2022. The collected data was analysed using Structural Equation Modeling (SEM) in SmartPLS in order to study the relationship between independent and dependent variables. Results of this study show that retailers’ access to green finance positively impacts consumer purchase intention towards green products, and adding a consciousness perspective in the model strengthens this relationship. Moreover, the theory of planned behaviour and the theory of reasoned action were validated through this study, providing insights for policymakers on the importance of promoting green finance to influence green product purchase intention. Overall, this study shows that policymakers should give green financing to retailers and environmental and future awareness to consumers to encourage environment-friendly behaviour.

A study on the purchase intention of luxury goods from the perspective of face perception and expected regret

“…In the retail industry, the opportunities for retailers to obtain green finance have a positive impact on consumers' willingness to purchase green products [20]. In addition, in sales activities, virtual CSR co creation will promote customers' willingness to purchase green products [21].…”

How to Promote a Destination’s Sustainable Development? The Influence of Service Encounters on Tourists’ Attitudes and Behavioral Intentions

“…Testing the reliability and validity of the measures used for the model is essential [73]. Reliability analysis was conducted to verify the reliability, stability, and consistency of the questionnaires filled out by the respondents with Cronbach's alpha as its primary test index.…”

E-Commerce Development and Green Technology Innovation: Impact Mechanism and the Spatial Spillover Effect

“…China's rapid industrialization and urbanization have brought about severe ecological and environmental problems while achieving leaps and bounds in economic development [5][6][7][8]. China's economic growth, resources, and environment are under severe pressure, and green development is imperative [9], with many efforts in recent years tackling the "green" themes from various perspectives, such as green finance [10,11] and green purchase intention [12,13].…”