Research on the Purchase Intention and Behavior of Inherent Defects Insurance in Construction Quality: Evidence from China

Hongjuan Wu (), Ying Chen (), Pengpeng Xu (), Siyang Zhang () and Haona Yao ()
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Hongjuan Wu: Chongqing University, School of Management Science and Real Estate
Ying Chen: Chongqing University, School of Management Science and Real Estate
Pengpeng Xu: Chongqing University, School of Management Science and Real Estate
Siyang Zhang: Chongqing University, School of Management Science and Real Estate
Haona Yao: Chongqing University, School of Management Science and Real Estate

A chapter in Proceedings of the 2024 3rd International Conference on Public Service, Economic Management and Sustainable Development (PESD 2024), 2024, pp 654-661 from Springer

Abstract: Abstract Based on the Theory of Planned Behavior (TPB), a theoretical model of Inherent Defects Insurance (IDI) purchase intention and behavior was constructed. Data were collected through questionnaires and Structural Equation Modeling (SEM) was used to explore the factors influencing the intentions and behaviors of IDI purchase in construction units. The results indicate that subjective norms and perceived behavioral control have a direct impact on purchase intention, which, in turn, directly affects purchase behavior. These findings provide valuable theoretical insights for the formulation of policies aimed at enhancing construction units’ motivation for IDI insurance and promoting the development of IDI.

Keywords: Theory of planned behavior; Inherent Defects Insurance; Purchase intention; Purchase behavior; Structural equation modeling (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-598-0_71

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DOI: 10.2991/978-94-6463-598-0_71

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