CoChat
Sign Up
Cited by 124Customer Service Quality and LoyaltyCustomer churn and segmentationConsumer Behavior and Marketing Influence

The DOI matches its Crossref record; 41 of the 41 references it cites were found in a registry or an index.

Why customers stay: reasons and consequences of inertia in financial services

White, Lesley, Yanamandram, Venkat·2004·Managing Service Quality: An International Journal
DOI 10.1108/09604520410528608
Open this paper in CoChat — free account

Abstract

This research investigated inertia in a financial‐services context, with particular focus on the reasons for consumers’ dissatisfaction and inert behaviour, and studied customers’ complaining behaviours and past and future inertia. The study utilised a two‐part methodology, including both qualitative and quantitative research. A total of 20 in‐depth interviews provided the preliminary data required for developing a questionnaire that was subsequently completed by 410 respondents. Determinants of dissatisfaction included the number and size of account fees, whilst determinants of inertia were the perception of similarity between financial institutions and the complexity, costs and time inherent in switching. Factors differentiating future inertia and future active customers included the type of account, length of time the account had been held, membership of a number of financial institutions, income and level of consideration given to changing financial institution.

Overview

Integrity signals

Registry

Crossref · 10.1108/09604520410528608

Cites

41 of 41 references verified0 citation errors · 0 not checkable

Statistics

Recomputing p-values needs the paper’s full text.

Verification

Claims the paper makes

This paper’s full text isn’t openly available, so its claims and self-check weren’t run. The registry and citation checks still apply.

Claims other papers make about this one

Each is checked against this paper’s own text: does it say what the citing paper says it does?

Citations

Cites

Show all 41 references

Research works printed but not linked: 10

  1. Albro, W. (1999), “Study finds satisfied customers more likely to buy other bank products”, Bank Marketing, Vol. 31 No. 8, p. 54.
  2. Bloemer, J.M.M. and Kasper, H.D.P. (1994), “The impact of satisfaction on brand loyalty: urging on classifying satisfaction and brand loyalty”, Journal of Consumer Satisfaction, Dissatisfaction and Complaining Behaviour, Vol. 7, pp. 152‐60.
  3. Colgate, M. (1999), “Inertia in services”, Proceedings of the Australian Services Marketing Workshop, Monash University, Melbourne, p. 4.
  4. Foxman, E.R., Raven, P.V. and Stem, D.E. Jr (1990), “Locus of control, fatalism and responses to dissatisfaction: a pilot study”, Journal of Consumer Satisfaction, Dissatisfaction and Complaining Behaviour, Vol. 3, pp. 21‐8.
  5. Keaveney, S.M. (1995), “Consumer switching behaviour in service industries: an exploratory study”, Journal of Marketing, Vol. 59 No. 2, pp. 71‐82.
  6. Levesque, T.J. and McDougall, G.H.G. (1993), “Managing customer satisfaction: the nature of service problems and customer exit, voice and loyalty”, Asia Pacific Journal of Quality Management, Vol. 2 No. 2, pp. 40‐58.
  7. Pitcher, G. (1998), “Banks can no longer count on consumer inertia for survival”, Marketing Week, Vol. 21 No. 34, p. 37.
  8. Robertson, T.S. (1976), “Low‐commitment consumer behaviour”, Journal of Advertising Research, Vol. 16 No. 2, pp. 19‐20.
  9. Semon, T. (2001), “Inertia a factor not to be ignored in research”, Marketing News, Vol. 35 No. 13, p. 7.
  10. Warner, M. (2001), “Banking on inertia”, Accountancy, Vol. 127 No. 1292, p. 60.

Cited by

Sorted by citations

Related

See all

Metadata

Authors
White, L., & Yanamandram, V.
Affiliations
Macquarie University (AU)
ORCID
White, Lesley
Venue
Managing Service Quality: An International Journal
Publisher
Emerald
Published
2004-04-01
Volume
14
Issue
2/3
Pages
183-194
ISSN
0960-4529 (ISSN-L)
DOI
10.1108/09604520410528608
OpenAlex
W2132351803
Cited by
124
References
41
Citations by year
2026: 3 · 2025: 3 · 2024: 2 · 2023: 8 · 2022: 3 · 2021: 3 · 2020: 3 · 2019: 8 · 2018: 7 · 2017: 10 · 2016: 5 · 2015: 15 · 2014: 7 · 2013: 9 · 2012: 7
FWCI
8.64
Type
journal article
Language
en
Open access
closed
Licence
www.emerald.com/insight/site-policies (tdm)
Locations
  • Managing Service Quality (publishedVersion)
  • Research Online (University of Wollongong) (submittedVersion)
  • Figshare (submittedVersion)
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 › Marketing › Consumer Behavior and Marketing Influence
Keywords
inertia, customer retention, financial services, customer dissatisfaction, switching costs, perceived similarity, service quality

About these checks

Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.

Statistics and arithmetic are recomputed, not judged.

Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.

What counts as a claim ›How we measure confidence ›How we check this ›

Are you an author, or do you see a problem with this page? Request a review