The DOI matches its Crossref record; 35 of the 35 references it cites were found in a registry or an index.
An investigation into the switching process in retail banking services
Abstract
Abstract Losing customers can have a detrimental impact on a bank's market share and profit. Despite these negative effects, few studies have sought to investigate fully the process of defection. Proposes, therefore, to provide a more comprehensive understanding of the process of switching retail banking services by investigating the problems that influence both switching behaviour and complaints made prior to exit. Empirical evidence was drawn from 694 mail surveys collected from banking customers in Australia and New Zealand. The reasons for switching banks were classified into three main problem areas: service failures, pricing problems and denied services. Results indicated that problems with pricing had the most important impact on switching behaviour. In contrast, customers tended to complain more often about service failures prior to exiting the firm. This finding suggests that customers may be staying silent about the problems that are most important in their decision to exit the firm.
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“Favorable or positive emotion/affect or behavioral intentions influence customer retention, and customers are less likely a switch to another service provider (Burnham et al. 2003; Colgate and Hedge 2001; Jones et al. 2007).”
From Health insurance policy renewal: an exploration of reputation, performance, and affect to understand customer inertia (2022) · cites this paper as Colgate and Hedge 2001
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Metadata
- Authors
- Colgate, M., & Hedge, R.
- Affiliations
- University of Auckland (NZ)
- ORCID
- Colgate, Mark
- Venue
- International Journal of Bank Marketing
- Publisher
- Emerald
- Published
- 2001-09
- Volume
- 19
- Issue
- 5
- Pages
- 201-212
- ISSN
- 0265-2323 (ISSN-L)
- OpenAlex
- W1988444315
- Cited by
- 273
- References
- 34
- Citations by year
- 2026: 2 · 2025: 2 · 2024: 8 · 2023: 11 · 2022: 11 · 2021: 17 · 2020: 11 · 2019: 15 · 2018: 14 · 2017: 9 · 2016: 18 · 2015: 18 · 2014: 25 · 2013: 19 · 2012: 19
- FWCI
- 5.39
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- International Journal of Bank Marketing (publishedVersion)
- Topics
- Social Sciences › Business, Management and Accounting › Marketing › Customer Service Quality and Loyalty
- Social Sciences › Business, Management and Accounting › Marketing › Customer churn and segmentation
- Social Sciences › Business, Management and Accounting › Accounting › Banking Sector Performance and Management
- Keywords
- bank switching, customer churn, retail banking, switching behavior, service failure, pricing problem, customer complaints, customer exit, bank marketing
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