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The influence of innovativeness and price sensitivity on purchase intention: comparison of the Chinese and Korean consumers' response

Author

Listed:
  • Hyun Hee Park
  • Pauline Sullivan
  • Mi Jin Noh

Abstract

This study explores difference in the influence of innovativeness and price sensitivity on purchase intentions, among consumers in China and Korea, focusing on bio-signal smart clothing. Questionnaires were administered to 227 Chinese and 222 Korean consumers. Results are summarised as follows. First, fashion innovativeness and technology innovativeness negatively affected price sensitivity, both in China and Korea. Second, technology innovativeness positively affected purchase intentions in Korea, while fashion innovativeness positively affected purchase intentions in China. Third, price sensitivity negatively affected purchase intentions in both China and Korea. Fourth, no difference existed in the magnitude of the effect of fashion innovativeness on price sensitivity among China and Korea consumers, but technology innovativeness had greater effect on price sensitivity on the Chinese consumers. Fifth, fashion innovativeness had a greater effect on Chinese consumers' purchase intentions, while technology innovativeness had a greater effect on Korean consumers' purchase intentions.

Suggested Citation

  • Hyun Hee Park & Pauline Sullivan & Mi Jin Noh, 2015. "The influence of innovativeness and price sensitivity on purchase intention: comparison of the Chinese and Korean consumers' response," International Journal of Product Development, Inderscience Enterprises Ltd, vol. 20(5), pages 382-400.
    • Handle: RePEc:ids:ijpdev:v:20:y:2015:i:5:p:382-400
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