{"title":"Effects of National Culture on the Extent of Panic Buying during the COVID-19 Outbreak","authors":"Wolfgang Messner, Sarah E. Payson","doi":"10.1080/08961530.2021.1962475","DOIUrl":null,"url":null,"abstract":"Abstract The COVID-19 outbreak and its declaration as a pandemic by the WHO on March 11, 2020 resulted in consumer panic buying across the globe. Extant research into panic buying is scant, and its cultural context practically unexplored. This article uses mobility change data provided by Google and draws on reactance theory to establish how perceived scarcity limits freedoms, and ultimately drives individuals to panic buying. It hypothesizes and analyzes the influence of cultural factors; the findings show that individualism and uncertainty avoidance both exert a positive effect on the extent of panic buying, whereas power distance has a negative effect.","PeriodicalId":47051,"journal":{"name":"Journal of International Consumer Marketing","volume":"34 1","pages":"235 - 254"},"PeriodicalIF":1.8000,"publicationDate":"2021-08-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"16","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of International Consumer Marketing","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1080/08961530.2021.1962475","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"BUSINESS","Score":null,"Total":0}
引用次数: 16
Abstract
Abstract The COVID-19 outbreak and its declaration as a pandemic by the WHO on March 11, 2020 resulted in consumer panic buying across the globe. Extant research into panic buying is scant, and its cultural context practically unexplored. This article uses mobility change data provided by Google and draws on reactance theory to establish how perceived scarcity limits freedoms, and ultimately drives individuals to panic buying. It hypothesizes and analyzes the influence of cultural factors; the findings show that individualism and uncertainty avoidance both exert a positive effect on the extent of panic buying, whereas power distance has a negative effect.
期刊介绍:
The Journal of International Consumer Marketing examines consumer and organizational buyer behavior on a cross-cultural/national and global scale combining up-to-date research with practical applications to help you develop an action plan for successful marketing strategy development. Business professionals, policymakers, and academics share insights and "inside" information on a wide range of cross-cultural marketing issues, including international business customs, negotiating styles, consumer brand loyalty, price sensitivity, purchasing and leasing, consumer satisfaction (and dissatisfaction), and advertising.