How product and process knowledge enable consumer switching to remanufactured laptop computers in circular economy

•The first to link remanufacturing-related process information to consumer perceptions of remanufactured products;•Gaining knowledge positively influences attitudes and subsequently switching intentions;•A high perceived price of new products positively moderates these relationships;•More knowledge...

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Veröffentlicht in:Technological forecasting & social change 2020-12, Vol.161, p.120275, Article 120275
Hauptverfasser: Wang, Yacan, Zhu, Quan, Krikke, Harold, Hazen, Benjamin
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container_title Technological forecasting & social change
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creator Wang, Yacan
Zhu, Quan
Krikke, Harold
Hazen, Benjamin
description •The first to link remanufacturing-related process information to consumer perceptions of remanufactured products;•Gaining knowledge positively influences attitudes and subsequently switching intentions;•A high perceived price of new products positively moderates these relationships;•More knowledge of recapture reduces switching intention, even in consideration of new product price. Circular economy initiatives require that consumers become key actors in the supply chain, vice the last node of a linear consumption system. This research examines consumer perceptions regarding remanufactured products, which are a key element of circular economy, by testing how different types of information regarding remanufacturing processes and product knowledge affect consumers’ intention to switch from purchasing new to remanufactured products. Using data from 906 Chinese laptop owners, the results of our structural equation modeling show that gaining knowledge about the product history, recapture process, and remarket process positively influences consumers’ attitudes towards remanufactured products and subsequently their switching intentions. A high perceived price of new products positively moderates these relationships. Interestingly, more knowledge of the recapture process actually reduces switching intention, even considering new product price levels. Although the tested relationships are statistically significant, the explanatory power of the informational variables is of low practical significance, suggesting that other kinds of information might be more impactful. This study contributes to the discourse on the consumer's role in circular economy by being the first to link remanufacturing-related process information to consumer perceptions of remanufactured products, thereby investigating information asymmetries between consumers and other supply chain actors beyond the retailer.
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Circular economy initiatives require that consumers become key actors in the supply chain, vice the last node of a linear consumption system. This research examines consumer perceptions regarding remanufactured products, which are a key element of circular economy, by testing how different types of information regarding remanufacturing processes and product knowledge affect consumers’ intention to switch from purchasing new to remanufactured products. Using data from 906 Chinese laptop owners, the results of our structural equation modeling show that gaining knowledge about the product history, recapture process, and remarket process positively influences consumers’ attitudes towards remanufactured products and subsequently their switching intentions. A high perceived price of new products positively moderates these relationships. Interestingly, more knowledge of the recapture process actually reduces switching intention, even considering new product price levels. Although the tested relationships are statistically significant, the explanatory power of the informational variables is of low practical significance, suggesting that other kinds of information might be more impactful. 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Circular economy initiatives require that consumers become key actors in the supply chain, vice the last node of a linear consumption system. This research examines consumer perceptions regarding remanufactured products, which are a key element of circular economy, by testing how different types of information regarding remanufacturing processes and product knowledge affect consumers’ intention to switch from purchasing new to remanufactured products. Using data from 906 Chinese laptop owners, the results of our structural equation modeling show that gaining knowledge about the product history, recapture process, and remarket process positively influences consumers’ attitudes towards remanufactured products and subsequently their switching intentions. A high perceived price of new products positively moderates these relationships. Interestingly, more knowledge of the recapture process actually reduces switching intention, even considering new product price levels. 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source Sociological Abstracts; Access via ScienceDirect (Elsevier)
subjects Circular economy
Consumer behavior
Consumers
Economic aspects
Information asymmetry
Knowledge
Laptop computers
Logistics
Marketing research
Multivariate statistical analysis
Notebook computers
Personal computers
Product development
Product introduction
Remanufacturing
Signaling theory
Structural equation modeling
Supply chains
Switching
title How product and process knowledge enable consumer switching to remanufactured laptop computers in circular economy
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