The COVID-19 Pandemic and the Antecedants for the Impulse Buying Behavior of US Citizens
Пандемия COVID-19 и предпосылки импульсивного покупательского поведения граждан США
2020-09-30
SCID: 54.1/agp8bduj
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COVID-19 pandemicfear appealimpulse buying behaviorsocial media fake newsstructural equation modeling
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Abstract (AI)
In an analysis based on the theory of Fear, this study examines impulse purchase patterns during the COVID-19 Pandemic across major US urban centers. Data from 889 US consumers were collected from leading US cities to evaluate impulse buying behavior fluctuations using SEM-based multivariate approaches to examine the survey statistics. We used COVID-19 as a moderating variable of this impulse purchase behavior. The results confirmed that Fear of a complete lockdown, peers buying, scarcity of essential products on shelves, US stimulus checks, the limited supply of essential goods, and panic buying have had a compelling and affirmative influence on the sharp swings of impulse buying patterns. The findings further confirm that Fear Appeal and social media fake news have had a strong positive impact on impulse buying as mediating factors. Finally, it was concluded that COVID-19 is a significant moderating factor influencing the impulse buying behavior of US citizens. The practical implications suggest that marketers and brand managers should devise novel strategies to enhance their brand’s market share to attain a competitive advantage in COVID-19 or similar panic situations in the future. These research findings are essential to comprehend the sharp fluctuations of impulse buying patterns in the current cutthroat competition environment across the US and other parts of the world.
Key Findings
1
COVID-19 significantly moderated the impulse-buying behavior of US citizens.
2
Fear appeal and social-media fake news strongly increased impulse buying as mediating factors.
3
Fear of complete lockdown, peer purchasing, scarcity of essential products, stimulus checks, limited supplies, and panic buying positively influenced impulse-buying patterns.
4
The findings suggest that marketers should develop strategies for maintaining competitive advantage during pandemics or similar panic situations.
5
Using SEM-based analysis of 889 US consumers, the study examined impulse-buying fluctuations during the COVID-19 pandemic across major US urban centers.
Research Object
US consumers' impulse purchases during the COVID-19 pandemic
Research Subject
The antecedent factors and COVID-19 moderation of fluctuations in impulse buying behavior, including fear, scarcity, peer purchasing, stimulus checks, panic buying, fear appeal, and social-media fake news
Publication Details
Publication Date
2020-09-30
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