Role of social media on mobile banking adoption among consumers

Sharma, M. ORCID: https://orcid.org/0000-0003-4789-0015, Banerjee, S. and Paul, J. ORCID: https://orcid.org/0000-0001-5062-8371 (2022) Role of social media on mobile banking adoption among consumers. Technological Forecasting and Social Change, 180. 121720. ISSN 0040-1625 doi: 10.1016/j.techfore.2022.121720

Abstract/Summary

The purpose of this paper is to examine the effectiveness of social media on the different stages of consumers' cognitive stages through the Hierarchy of Effects (HOE) model for mobile banking adoption among consumers. A two-stage analytical approach with Structural Equation Modeling (SEM) and Neural Network (NN) analysis to bring out social media's distinctive and confirmatory influence on mobile banking consumers. Data from 482 respondents in the age group of 18 years to 30 years (the young consumers) from India was analyzed for social media influence on different cognitive stages of mobile banking acceptance. Results show the increasing tendency of social media influence with increasing cognitive level. Among the four cognitive stages (Attention, Interest, Desire, and Action- AIDA model) of m-banking adoption, Action and Interest stages are the most influenced stages by the social media, followed by Desire and Attention. This research provides a two-stage analytical approach by combining “SEM and NN” to assess the impact of the integration of AIDA constructs. We develop an original integrated model which outlines the phenomenon of the diffusion of information from social media on different cognitive stages of young mobile banking consumers.

Item Type	Article
URI	https://reading-clone.eprints-hosting.org/id/eprint/105030
Item Type	Article
Refereed	Yes
Divisions	Henley Business School > Marketing and Reputation
Publisher	Elsevier
Download/View statistics	View download statistics for this item