Effect of inherent innovativeness and consumer readiness on attitudes to mobile banking

TY - JOUR

T1 - Effect of inherent innovativeness and consumer readiness on attitudes to mobile banking

AU - Frimpong, Kwabena

AU - Al-Shuridah, Obaid

AU - Wilson, Alan

AU - Asafo-Adjei Sarpong, Frederick

N1 - This is a post-peer-review, pre-copyedit version of an article published in Journal of Financial Services Marketing. The final authenticated version is available online at: https://doi.org/10.1057/s41264-017-0037-2

PY - 2017/12/31

Y1 - 2017/12/31

N2 - Despite the strong evidence that many consumers relish their experience with mobile banking, others indicate that some segments may not be comfortable with these emerging digitized platforms due to certain inherent personal traits. Drawing insights from the socio-psychology and innovation/SSTs adoption literature, this paper tested a structural model with inherent innovativeness as an antecedent variable, and consumers' attitude to M-banking, as a mediator to their future usage intention. The moderating effect of consumer readiness on the hypothesized relationship between consumers' attitudes and intention to use mobile banking was also examined. The model was tested on survey data from 720 respondents from the United Kingdom (UK). Findings show that inherent innovativeness significantly explain attitudes to mobile banking. There was, however, mixed outcomes concerning the effects of three dimensions of consumer readiness on the link between attitudes and intention to use mobile banking. The results show that only ability exert a positive and a significant effect on the examined relationship. The effects of motivation and role clarity seemed insignificant. The findings from this paper can help retail bank managers improve their channel and promotional decisions in order to enhance the service experience of relevant segments.

AB - Despite the strong evidence that many consumers relish their experience with mobile banking, others indicate that some segments may not be comfortable with these emerging digitized platforms due to certain inherent personal traits. Drawing insights from the socio-psychology and innovation/SSTs adoption literature, this paper tested a structural model with inherent innovativeness as an antecedent variable, and consumers' attitude to M-banking, as a mediator to their future usage intention. The moderating effect of consumer readiness on the hypothesized relationship between consumers' attitudes and intention to use mobile banking was also examined. The model was tested on survey data from 720 respondents from the United Kingdom (UK). Findings show that inherent innovativeness significantly explain attitudes to mobile banking. There was, however, mixed outcomes concerning the effects of three dimensions of consumer readiness on the link between attitudes and intention to use mobile banking. The results show that only ability exert a positive and a significant effect on the examined relationship. The effects of motivation and role clarity seemed insignificant. The findings from this paper can help retail bank managers improve their channel and promotional decisions in order to enhance the service experience of relevant segments.

KW - mobile banking

KW - retail banking

KW - self-service technologies

KW - inherent innovativeness

KW - attitudes

KW - consumer readiness

KW - United Kindgom

UR - https://link.springer.com/journal/10693

U2 - 10.1057/s41264-017-0037-2

DO - 10.1057/s41264-017-0037-2

M3 - Article

VL - 22

SP - 187

EP - 201

JO - Journal of Financial Services Marketing

T2 - Journal of Financial Services Marketing

JF - Journal of Financial Services Marketing

SN - 1363-0539

IS - 4

ER -