Consumer behavior and spending patterns on cultural goods and services

This study investigates the factors influencing consumer behavior and spending patterns on cultural goods and services. Using a quantitative research approach with Partial Least Squares Structural Equation Modeling (PLS-SEM), data were gathered through a structured survey of 350 respondents from diverse demographic backgrounds. The results reveal that cultural interest, social influence, and perceived value have a significant and positive impact on consumer spending behavior, with cultural interest showing the strongest influence (β = 0.45, p < 0.01). Additionally, the study highlights the mediating role of perceived value in the relationship between social influence and spending behavior. These findings provide practical insights for marketers and cultural institutions aiming to better understand consumer motivations in the cultural sector. Future research should consider expanding the sample size and exploring other potential mediating variables.

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Publication Details

Journal
International Journal of Science and Research Archive
Published
2024-10-22
DOI
https://doi.org/10.30574/ijsra.2024.13.1.1983
Primary Topic
Art History and Market Analysis
Type
article
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article

Consumer behavior and spending patterns on cultural goods and services

Thanh Chau Chu
International Journal of Science and Research Archive
Art History and Market Analysis
article

Consumer behavior and spending patterns on cultural goods and services

Thanh Chau Chu
article en

Abstract

This study investigates the factors influencing consumer behavior and spending patterns on cultural goods and services. Using a quantitative research approach with Partial Least Squares Structural Equation Modeling (PLS-SEM), data were gathered through a structured survey of 350 respondents from diverse demographic backgrounds. The results reveal that cultural interest, social influence, and perceived value have a significant and positive impact on consumer spending behavior, with cultural interest showing the strongest influence (β = 0.45, p < 0.01). Additionally, the study highlights the mediating role of perceived value in the relationship between social influence and spending behavior. These findings provide practical insights for marketers and cultural institutions aiming to better understand consumer motivations in the cultural sector. Future research should consider expanding the sample size and exploring other potential mediating variables.

International Journal of Science and Research ArchiveVol. 13(1)
Hanoi National University of Education (VN)
Decent work and economic growth
Openalex Percentile: Top 73%
Art History and Market Analysis
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