Araştırma Makalesi

Determinants of Demand for Luxury Goods: A Comparative Study among Three European Countries

Cilt: 16 Sayı: 61 31 Ocak 2021
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Determinants of Demand for Luxury Goods: A Comparative Study among Three European Countries

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Identifying the determinants of luxury consumption may produce positive results for marketing. This study is based on an online survey including the participants from Romania, Spain and Turkey, and it aims to reach possible factors that may affect the demand for luxury goods. It investigates the factors affecting the demand within the framework of purchasing luxury goods by using logistic regression. The analyses reveal a positive relationship between the demand for luxury goods and financial future expectations and show that those who do not consider themselves financially secure in the future have a higher demand for luxury goods than those who feel secure about their financial future. The result also demonstrates that being in low-income classes has a positive impact on purchasing conspicuous status goods. It can be concluded that compensating for feelings of powerlessness might increase demand for luxury goods. Luxury good demand of individuals spending according to their budget is higher than those who don’t spend according to the planned budget. Individuals having positive economic behavior make luxury consumption within their budget limits. The results of this study may provide a new approach to shape the luxury demand of individuals. Considering the consumers’ psychology for future expectation may be useful for marketing managers who intend to increase the demand for luxury goods.

Anahtar Kelimeler

Kaynakça

  1. Aït‐Sahalia, Y., Parker, J. A. & Yogo, M. (2004). “Luxury goods and the equity premium”, The Journal of Finance, Vol. 59, No. 6, pp. 2959-3004. https://doi:10.1111/j.1540-6261.2004.00721.x
  2. Aliyev, F., & Wagner, R. (2018). “Cultural Influence on luxury value perceptions: Collectivist vs. individualist luxury perceptions”, Journal of International Consumer Marketing, Vol. 30, No. 3, pp. 158-172. https://doi.org/10.1080/08961530.2017.1381872
  3. Amaral, N. B., & Loken, B. (2016). “Viewing usage of counterfeit luxury goods: Social identity and social hierarchy effects on dilution and enhancement of genuine luxury brands”, Journal of Consumer Psychology, Vol. 26, pp. 483-495. http://doi:10.1016/j.jcps.2016.02.004
  4. Athwal, N., Wells, V. K., Carrigan, M., & Henninger, C. E. (2019). “Sustainable luxury marketing: A Synthesis and research agenda”, International Journal of Management Reviews, Vol. 21, No. 4, pp. 405-426. https://doi:10.1111/ijmr.12195
  5. Bagwell, L., & Bernheim, B. (1996). “Veblen effects in a theory of conspicuous consumption”, The American Economic Review, Vol. 86, No. 3) pp. 349-373. Retrieved from http://www.jstor.org/stable/2118201
  6. Banister, E., Roper, S., & Potavanich, T. (2019). “Consumers’ practices of everyday luxury”, Journal of Business Research, Vol. 116, pp. 458-466. https://doi.org/10.1016/j.jbusres.2019.12.003
  7. Berger J., Heath, C. (2008). “Who drives divergence? Identity signaling, outgroup dissimilarity, and the abandonment of cultural tastes”, Journal of Personality and Social Psychology, Vol. 95, No. 3, pp. 593- 607. https://doi.org/10.1037/0022-3514.95.3.593
  8. Catry, B. (2003). “The great pretenders: The magic of luxury goods”, Business Strategy Review, Vol. 14, No. 3, pp. 10-17. https://doi:10.1111/1467-8616.00267

Ayrıntılar

Birincil Dil

İngilizce

Konular

-

Bölüm

Araştırma Makalesi

Yayımlanma Tarihi

31 Ocak 2021

Gönderilme Tarihi

21 Haziran 2020

Kabul Tarihi

23 Ekim 2020

Yayımlandığı Sayı

Yıl 2021 Cilt: 16 Sayı: 61

Kaynak Göster

APA
Ergün, K. (2021). Determinants of Demand for Luxury Goods: A Comparative Study among Three European Countries. Yaşar Üniversitesi E-Dergisi, 16(61), 128-146. https://doi.org/10.19168/jyasar.755960
AMA
1.Ergün K. Determinants of Demand for Luxury Goods: A Comparative Study among Three European Countries. Yaşar Üniversitesi E-Dergisi. 2021;16(61):128-146. doi:10.19168/jyasar.755960
Chicago
Ergün, Kutlu. 2021. “Determinants of Demand for Luxury Goods: A Comparative Study among Three European Countries”. Yaşar Üniversitesi E-Dergisi 16 (61): 128-46. https://doi.org/10.19168/jyasar.755960.
EndNote
Ergün K (01 Ocak 2021) Determinants of Demand for Luxury Goods: A Comparative Study among Three European Countries. Yaşar Üniversitesi E-Dergisi 16 61 128–146.
IEEE
[1]K. Ergün, “Determinants of Demand for Luxury Goods: A Comparative Study among Three European Countries”, Yaşar Üniversitesi E-Dergisi, c. 16, sy 61, ss. 128–146, Oca. 2021, doi: 10.19168/jyasar.755960.
ISNAD
Ergün, Kutlu. “Determinants of Demand for Luxury Goods: A Comparative Study among Three European Countries”. Yaşar Üniversitesi E-Dergisi 16/61 (01 Ocak 2021): 128-146. https://doi.org/10.19168/jyasar.755960.
JAMA
1.Ergün K. Determinants of Demand for Luxury Goods: A Comparative Study among Three European Countries. Yaşar Üniversitesi E-Dergisi. 2021;16:128–146.
MLA
Ergün, Kutlu. “Determinants of Demand for Luxury Goods: A Comparative Study among Three European Countries”. Yaşar Üniversitesi E-Dergisi, c. 16, sy 61, Ocak 2021, ss. 128-46, doi:10.19168/jyasar.755960.
Vancouver
1.Kutlu Ergün. Determinants of Demand for Luxury Goods: A Comparative Study among Three European Countries. Yaşar Üniversitesi E-Dergisi. 01 Ocak 2021;16(61):128-46. doi:10.19168/jyasar.755960

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