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Financial consumer protection and customer satisfaction. A relationship study by using factor analysis and discriminant analysis

Author

Listed:
  • Marimuthu SELVAKUMAR

    (Ayya Nadar Janaki Ammal College Sivakasi)

  • Veluchamy SATHYALAKSHMI

    (Ayya Nadar Janaki Ammal College Sivakasi)

Abstract

This paper tries to make an attempt to study the relationship between the financial consumer protection and customer satisfaction by using factor analysis and discriminant analysis. The main objectives of the study are to analyze the financial consumer protection in commercial banks, to examine the customer satisfaction of commercial banks and to identify the factors of financial consumer protection lead customer satisfaction. There are many research work carried out on financial consumer protection in financial literacy, but the identification of factors which lead the financial consumer protection and the relationship between financial consumer protection and the customer satisfaction is very important, Particularly for banks to improve its quality and increase the customer satisfaction. Therefore this study is carried out with the aim of identifying the factors of financial consumer protection and its influence on customer satisfaction. This study is both descriptive and analytical in nature. It covers both primary and secondary data. The primary data has been collected from the customers of commercial banks using pre-tested interview schedule and the secondary data has been collected from standard books, journals, magazines, websites and so on.

Suggested Citation

  • Marimuthu SELVAKUMAR & Veluchamy SATHYALAKSHMI, 2015. "Financial consumer protection and customer satisfaction. A relationship study by using factor analysis and discriminant analysis," EuroEconomica, Danubius University of Galati, issue 2(34), pages 71-94, November.
    • Handle: RePEc:dug:journl:y:2015:i:2:p:71-94
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    File URL: http://journals.univ-danubius.ro/index.php/euroeconomica/article/view/2962
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    References listed on IDEAS

    as
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    4. Ardic, Oya Pinar & Ibrahim, Joyce A. & Mylenko, Nataliya, 2011. "Consumer protection laws and regulations in deposit and loan services : a cross-country analysis with a new data set," Policy Research Working Paper Series 5536, The World Bank.
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    7. Melecky, Martin & Rutledge, Sue, 2011. "Financial Consumer Protection and the Global Financial Crisis," MPRA Paper 28201, University Library of Munich, Germany.
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