Will the COVID-19 Pandemic Lead to Long-Term Consumer Perceptions, Behavioral Intentions, and Acquisition Decisions?
Robert Watson, Gheorghe H. PopescuABSTRACT. Despite the relevance of possible long-term consumer perceptions, behavioral intentions, and acquisition decisions related to the COVID-19 pandemic, only limited research has been conducted on this topic. Using and replicating data from Accenture, KPMG, and McKinsey, we performed analyses and made estimates regarding how the COVID-19 pandemic has reshaped customer attitudes, behaviors, values, and expectations, reconfiguring consumer traits, sentiments, trust, and engagement, and thus leading to altered purchasing decisions and habits, and buying patterns in terms of psychological risk perception. The results of a study based on data collected from 9,200 respondents provide support for our research model. Descriptive statistics of compiled data from the completed surveys were calculated when appropriate.
JEL codes: D12; L66; P45
Keywords: COVID-19; consumer perception; behavioral intention; acquisition decision
How to cite: Watson, R., and Popescu, G. H. (2021). “Will the COVID-19 Pandemic Lead to Long-Term Consumer Perceptions, Behavioral Intentions, and Acquisition Decisions?,” Economics, Management, and Financial Markets 16(4): 70–83. doi: 10.22381/emfm16420215.
Received 18 March 2021 • Received in revised form 11 December 2021
Accepted 14 December 2021 • Available online 20 December 2021