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 |
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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. |
doi_str_mv | 10.1016/j.techfore.2020.120275 |
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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. 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.</description><identifier>ISSN: 0040-1625</identifier><identifier>EISSN: 1873-5509</identifier><identifier>DOI: 10.1016/j.techfore.2020.120275</identifier><language>eng</language><publisher>New York: Elsevier Inc</publisher><subject>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</subject><ispartof>Technological forecasting & social change, 2020-12, Vol.161, p.120275, Article 120275</ispartof><rights>2020 Elsevier Inc.</rights><rights>Copyright Elsevier Science Ltd. Dec 2020</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c469t-16826ebd93a413bda12c2e95115d28dfc03d59b60f369ee1e5e63849b5abc70e3</citedby><cites>FETCH-LOGICAL-c469t-16826ebd93a413bda12c2e95115d28dfc03d59b60f369ee1e5e63849b5abc70e3</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktohtml>$$Uhttps://dx.doi.org/10.1016/j.techfore.2020.120275$$EHTML$$P50$$Gelsevier$$H</linktohtml><link.rule.ids>314,780,784,3550,27924,27925,33774,45995</link.rule.ids></links><search><creatorcontrib>Wang, Yacan</creatorcontrib><creatorcontrib>Zhu, Quan</creatorcontrib><creatorcontrib>Krikke, Harold</creatorcontrib><creatorcontrib>Hazen, Benjamin</creatorcontrib><title>How product and process knowledge enable consumer switching to remanufactured laptop computers in circular economy</title><title>Technological forecasting & social change</title><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.</description><subject>Circular economy</subject><subject>Consumer behavior</subject><subject>Consumers</subject><subject>Economic aspects</subject><subject>Information asymmetry</subject><subject>Knowledge</subject><subject>Laptop computers</subject><subject>Logistics</subject><subject>Marketing research</subject><subject>Multivariate statistical analysis</subject><subject>Notebook computers</subject><subject>Personal computers</subject><subject>Product development</subject><subject>Product introduction</subject><subject>Remanufacturing</subject><subject>Signaling theory</subject><subject>Structural equation modeling</subject><subject>Supply chains</subject><subject>Switching</subject><issn>0040-1625</issn><issn>1873-5509</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2020</creationdate><recordtype>article</recordtype><sourceid>BHHNA</sourceid><recordid>eNqFkU2LFDEQhoMoOK7-BQkI3mY2H5105-ayuK6w4EXPIZ1Uz2bsTtp8OO6_N0PreS9VRfHUW1W8CL2n5EAJldenQwH7OMUEB0ZYa7bYixdoR4ee74Ug6iXaEdKRPZVMvEZvcj4RQno-yB1K9_GM1xRdtQWb4C61hZzxzxDPM7gjYAhmnAHbGHJdIOF89sU--nDEJeIEiwl1MrbUBA7PZi1xbeyy1gIpYx-w9cnW2SQMTSIuT2_Rq8nMGd79y1fox93n77f3-4dvX77e3jzsbSdVaccOTMLoFDcd5aMzlFkGSlAqHBvcZAl3Qo2STFwqAAoCJB86NQoz2p4Av0IfNt320q8KuehTrCm0lZo1Fd4Pg2KN-rhRRzOD9qHdWOBPOZqas9Y3shuk4pLxBsoNtCnmnGDSa_KLSU-aEn0xQp_0fyP0xQi9GdEGP22D0J797SHpbD0EC84nsEW76J-T-AsODJbG</recordid><startdate>20201201</startdate><enddate>20201201</enddate><creator>Wang, Yacan</creator><creator>Zhu, Quan</creator><creator>Krikke, Harold</creator><creator>Hazen, Benjamin</creator><general>Elsevier Inc</general><general>Elsevier B.V</general><general>Elsevier Science Ltd</general><scope>AAYXX</scope><scope>CITATION</scope><scope>7TB</scope><scope>7U4</scope><scope>8FD</scope><scope>BHHNA</scope><scope>DWI</scope><scope>F28</scope><scope>FR3</scope><scope>JQ2</scope><scope>KR7</scope><scope>WZK</scope></search><sort><creationdate>20201201</creationdate><title>How product and process knowledge enable consumer switching to remanufactured laptop computers in circular economy</title><author>Wang, Yacan ; Zhu, Quan ; Krikke, Harold ; Hazen, Benjamin</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c469t-16826ebd93a413bda12c2e95115d28dfc03d59b60f369ee1e5e63849b5abc70e3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2020</creationdate><topic>Circular economy</topic><topic>Consumer behavior</topic><topic>Consumers</topic><topic>Economic aspects</topic><topic>Information asymmetry</topic><topic>Knowledge</topic><topic>Laptop computers</topic><topic>Logistics</topic><topic>Marketing research</topic><topic>Multivariate statistical analysis</topic><topic>Notebook computers</topic><topic>Personal computers</topic><topic>Product development</topic><topic>Product introduction</topic><topic>Remanufacturing</topic><topic>Signaling theory</topic><topic>Structural equation modeling</topic><topic>Supply chains</topic><topic>Switching</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Wang, Yacan</creatorcontrib><creatorcontrib>Zhu, Quan</creatorcontrib><creatorcontrib>Krikke, Harold</creatorcontrib><creatorcontrib>Hazen, Benjamin</creatorcontrib><collection>CrossRef</collection><collection>Mechanical & Transportation Engineering Abstracts</collection><collection>Sociological Abstracts (pre-2017)</collection><collection>Technology Research Database</collection><collection>Sociological Abstracts</collection><collection>Sociological Abstracts</collection><collection>ANTE: Abstracts in New Technology & Engineering</collection><collection>Engineering Research Database</collection><collection>ProQuest Computer Science Collection</collection><collection>Civil Engineering Abstracts</collection><collection>Sociological Abstracts (Ovid)</collection><jtitle>Technological forecasting & social change</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Wang, Yacan</au><au>Zhu, Quan</au><au>Krikke, Harold</au><au>Hazen, Benjamin</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>How product and process knowledge enable consumer switching to remanufactured laptop computers in circular economy</atitle><jtitle>Technological forecasting & social change</jtitle><date>2020-12-01</date><risdate>2020</risdate><volume>161</volume><spage>120275</spage><pages>120275-</pages><artnum>120275</artnum><issn>0040-1625</issn><eissn>1873-5509</eissn><abstract>•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.</abstract><cop>New York</cop><pub>Elsevier Inc</pub><doi>10.1016/j.techfore.2020.120275</doi></addata></record> |
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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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