Managing Customer Switching Behavior in the Banking Industry
Abstract
This study aimed to explore the factors that lead to the intention to stay and the intention to switch in the banking industry. The research adopted a qualitative, inductive approach to data collection using a sample of 19 Australians customers who use banking services, and two Australian bank managers. The factors that are important to the customers' decision to change banks or to diversify their accounts include: (a) customer service and customer intimacy; (b) response to service failure; (c) effect of advertising; (d) reputation; (e) ease of banking; and (f) customer value.
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The role of customer inertia in financial services has not been much researched with respect to customer switching behavior.
“Despite its proven relevance and significance in service domain, the role of customer inertia in the context of financial services has not been much researched with respect to customer switching behavior (Thaichon et al. 2017).”
From Health insurance policy renewal: an exploration of reputation, performance, and affect to understand customer inertia (2022) · cites this paper as Thaichon et al. 2017
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Kautish, P., Khare, A., & Sharma, R. (2022) · Journal of Marketing Analytics · doi:10.1057/s41270-021-00134-7 · Cited by 25 · see citing works
- Authors
- Thaichon, P., Quach, S., Bavalur, A. S., & Nair, M.
- Affiliations
- Griffith University (AU)
- Swinburne University of Technology (AU)
- S P Jain School of Global Management (AU)
- Corresponding author
- Thaichon, Park
- Venue
- Services Marketing Quarterly
- Publisher
- Informa UK Limited
- Published
- 2017-07-03
- Volume
- 38
- Issue
- 3
- Pages
- 142-154
- ISSN
- 1533-2969 (ISSN-L)
- 1533-2977
- OpenAlex
- W2734847664
- Cited by
- 20
- References
- 30
- Citations by year
- 2026: 1 · 2024: 3 · 2023: 5 · 2022: 2 · 2021: 4 · 2020: 2 · 2019: 3
- FWCI
- 2.47
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- Services Marketing Quarterly (publishedVersion)
- Griffith Research Online (submittedVersion)
- Swinburne figshare (Swinburne University of Technology) (submittedVersion)
- Topics
- Social Sciences › Business, Management and Accounting › Organizational Behavior and Human Resource Management › Customer Service Quality and Loyalty
- Social Sciences › Business, Management and Accounting › Marketing › Consumer Behavior and Marketing Influence
- Social Sciences › Business, Management and Accounting › Marketing › Customer churn and segmentation
- Keywords
- customer switching, bank switching, customer retention, intention to stay, customer service, customer intimacy, service failure, advertising, bank reputation, customer value, banking services
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