Investigating the link between service quality, value, satisfaction and behavioural intentions in a public sector bank in India

Rajat Gera

International Journal of Services, Economics and Management, 2011, vol. 3, issue 1, 3-20

Abstract: The study uses Structural Equation Modelling (LISREL 8.5) to compare four competing models of linkage between service quality, satisfaction, value and behavioural intentions of repurchase and recommendation in public sector bank context of India. The indirect effects model was selected due to parsimony and best fit. Service quality was found to significantly impact customer satisfaction and value perceptions. Satisfaction and value were significant antecedents of word of mouth and value was significant antecedent of repurchase intentions. Value has a significant but negative effect on satisfaction. The indirect effect of service quality on behavioural intentions via value and satisfaction is significant. The results indicate the need for adopting a comprehensive approach to managing customer loyalty. Future studies of antecedents of behavioural intentions need to incorporate the effect of value and its components to develop better insight into its role in service encounter outcomes.

Keywords: customer satisfaction; customer value; behavioural intentions; customer loyalty; word of mouth; repurchase intentions; India; retail banking; emerging markets; public sector banks; linear structural relations; structural equation modelling; LISREL 8.5; linkage; recommendations; indirect effects; customer perceptions; significant antecedents; negative effects; service encounter outcomes; economics; service industries; service quality management; developing nations; newly industrialised nations. (search for similar items in EconPapers)
Date: 2011
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