TY - JOUR
T1 - Cross-cultural invariance of consumers' price perception measures
T2 - Eastern Asian perspective
AU - Watchravesringkan, Kittichai
AU - Yan, Ruoh Nan
AU - Yurchisin, Jennifer
PY - 2008
Y1 - 2008
N2 - Purpose - In response to the impact of market globalization and concerns over the universality of marketing measures, this study seeks to examine the measurement invariance of consumers' price perception scales cross-culturally with samples drawn from four Eastern Asian countries, i.e. China, South Korea, Taiwan, and Thailand, using multigroup confirmatory factor analysis (MGCFA). In addition, this study further examines the differences and similarities in the mean levels of consumers' price perceptions across the four samples. Design/methodology/approach - A convenience sample of undergraduate college students was employed. A total of 958 students with business-related majors completed a questionnaire in Beijing, China; Seoul, South Korea; Tainan, Taiwan; and Chonburi, Thailand. Findings - Having established psychometric properties and demonstrated the partial scalar invariance of measurements and structural parameters, the results indicated that the consumers' price perception scale containing five dimensions (i.e. price-quality schema, prestige sensitivity, value consciousness, sale proneness, and price mavenism) appears to be useful in Eastern Asian cultures. In addition, results of latent mean comparison revealed not only some similarities but also differences related to the five dimensions of price across the four Eastern Asian samples. Research limitations/ implications - The main limitation is the issue of generalizability of the findings because of the use of student samples. Originality/value - This study is among the first to examine cross-cultural invariance of consumers' price perception within Eastern Asian countries using MGCFA.
AB - Purpose - In response to the impact of market globalization and concerns over the universality of marketing measures, this study seeks to examine the measurement invariance of consumers' price perception scales cross-culturally with samples drawn from four Eastern Asian countries, i.e. China, South Korea, Taiwan, and Thailand, using multigroup confirmatory factor analysis (MGCFA). In addition, this study further examines the differences and similarities in the mean levels of consumers' price perceptions across the four samples. Design/methodology/approach - A convenience sample of undergraduate college students was employed. A total of 958 students with business-related majors completed a questionnaire in Beijing, China; Seoul, South Korea; Tainan, Taiwan; and Chonburi, Thailand. Findings - Having established psychometric properties and demonstrated the partial scalar invariance of measurements and structural parameters, the results indicated that the consumers' price perception scale containing five dimensions (i.e. price-quality schema, prestige sensitivity, value consciousness, sale proneness, and price mavenism) appears to be useful in Eastern Asian cultures. In addition, results of latent mean comparison revealed not only some similarities but also differences related to the five dimensions of price across the four Eastern Asian samples. Research limitations/ implications - The main limitation is the issue of generalizability of the findings because of the use of student samples. Originality/value - This study is among the first to examine cross-cultural invariance of consumers' price perception within Eastern Asian countries using MGCFA.
KW - China
KW - Consumer behaviour
KW - Prices
KW - South East Asia
KW - South Korea
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U2 - 10.1108/09590550810900982
DO - 10.1108/09590550810900982
M3 - Review article
AN - SCOPUS:52949086445
SN - 0959-0552
VL - 36
SP - 759
EP - 779
JO - International Journal of Retail and Distribution Management
JF - International Journal of Retail and Distribution Management
IS - 10
ER -