Factors affecting consumers’ intention to purchase ecofriendly products
Loading...
Date
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Sri Lanka Finance Association Colombo, Sri Lanka
Abstract
Consumers who are concerned about the environment have seen a positive and
noteworthy increase over the past few decades in environmental protection
knowledge, attitudes, and activities. Developing countries are now increasingly
cognizant of the green movement and its significance for environmental
preservation as well. As a result, the aim of this research is to determine the most
causal factor, affecting consumers’ purchase intention of environmentally
friendly products. In this study, there were four independent variables such as
environmental concern, environmental attitudes, subjective norm and willingness
to pay. The dependent variable of this study was purchasing intention. The target
research population of this study was the population in the Galle district. The total
population in the district is 11,014,000 according to a census. Based on the
population, the study includes 384 consumers in Galle district according to
Morgan table. The simple random sampling techniques were the sampling
technique. This research used an online survey to gather data. The questions in
the questionnaire were about both independent and dependent variables of the
study. Respondents were requested to fill in the questionnaire. The five-point
Likert scale guides the construction and posing of all questions in the study's
questionnaire. SPSS was used to analyze the data gathered from the
questionnaires. The study finds that consumers' purchase intentions for ecofriendly products in Galle are significantly influenced by environmental concern,
attitudes, subjective norms, and willingness to pay. The findings emphasise the
necessity of fostering environmental awareness in order to improve the adoption
of green products and sustainable consumer behaviour.
Description
Citation
4th Annual International Undergraduate Finance Research Conference-2024, Department of Accountancy and Finance, South Eastern University of Sri Lanka. pp. 17.
