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Judd, Vaughn C. "The Price-Quality Relationship." Journal of Food Products Marketing 6, no. 1 (January 2000): 11–24. http://dx.doi.org/10.1300/j038v06n01_02.
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Olbrich, Rainer, and Hans Christian Jansen. "Price-quality relationship in pricing strategies for private labels." Journal of Product & Brand Management 23, no. 6 (September 9, 2014): 429–38. http://dx.doi.org/10.1108/jpbm-06-2014-0627.
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Purpose – This article aims to close some research gaps by differentiating between brand types and price tiers. Many consumers perceive high prices as signals of high quality, yet researchers tend to find only low average correlations between price and objective quality. Previous studies do not account for market shares and paid prices though. Design/methodology/approach – A German consumer panel with more than 30,000 households reveals market shares and paid prices. Combining these data with product test ratings, the authors evaluate price-quality relationships with Spearman’s rank correlation coefficients and distinguish food from non-food products, national brands and private labels and three price tiers. Findings – High price-quality correlations for national brands and non-food private labels indicate that a higher price signals greater product quality. For food private labels, negative correlation coefficients inhibit the use of price as a quality indicator. The price-quality relationship for food private labels implies strong competition among brand owners, based on the price and quality of their products. Originality/value – This article investigates price-quality correlations by accounting for paid prices and product market shares; it also reveals differences across food and non-food products, national brands and private labels and different price tiers against the background of competition strategies. By addressing when consumers use price as a quality indicator, it outlines important managerial implications for manufacturers, retailers and consumers.
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Johansson, Johny K., and Gary Erickson. "PRICE‐QUALITY RELATIONSHIP AND TRADE BARRIERS." International Marketing Review 2, no. 3 (March 1985): 52–63. http://dx.doi.org/10.1108/eb008283.
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Roberts, Peter W., and Ray Reagans. "Critical Exposure and Price-Quality Relationships for New World Wines in the U.S. Market." Journal of Wine Economics 2, no. 1 (2007): 84–97. http://dx.doi.org/10.1017/s1931436100000316.
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AbstractNotwithstanding the observed positive correlations between critics' quality ratings and wine prices, the range of these correlations is quite high. In light of this, researchers must consider the factors that either strengthen or weaken the association between quality ratings and prices. In this paper, we propose that the slope of the relationship between quality ratings and wine prices is moderated by the amount of attention that producers receive. Because attention increases with a producer's critical exposure (i.e., its history of critical coverage), price-quality relationships will be steeper for producers with more critical exposure. This prediction is confirmed in an analysis of New World wines selling into the U.S. market over the 1987 to 2001 period. While a wine's price is a positive function of its own quality rating, the strength of the price-quality relationship increases with a producer's critical exposure (JEL classifications: L11, L13, L15).
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McCord, Michael J., Sean MacIntyre, Paul Bidanset, Daniel Lo, and Peadar Davis. "Examining the spatial relationship between environmental health factors and house prices." Journal of European Real Estate Research 11, no. 3 (November 5, 2018): 353–98. http://dx.doi.org/10.1108/jerer-01-2018-0008.
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Purpose Air quality, noise and proximity to urban infrastructure can arguably have an important impact on the quality of life. Environmental quality (the price of good health) has become a central tenet for consumer choice in urban locales when deciding on a residential neighbourhood. Unlike the market for most tangible goods, the market for environmental quality does not yield an observable per unit price effect. As no explicit price exists for a unit of environmental quality, this paper aims to use the housing market to derive its implicit price and test whether these constituent elements of health and well-being are indeed capitalised into property prices and thus implicitly priced in the market place. Design/methodology/approach A considerable number of studies have used hedonic pricing models by incorporating spatial effects to assess the impact of air quality, noise and proximity to noise pollutants on property market pricing. This study presents a spatial analysis of air quality and noise pollution and their association with house prices, using 2,501 sale transactions for the period 2013. To assess the impact of the pollutants, three different spatial modelling approaches are used, namely, ordinary least squares using spatial dummies, a geographically weighted regression (GWR) and a spatial lag model (SLM). Findings The findings suggest that air quality pollutants have an adverse impact on house prices, which fluctuate across the urban area. The analysis suggests that the noise level does matter, although this varies significantly over the urban setting and varies by source. Originality/value Air quality and environmental noise pollution are important concerns for health and well-being. Noise impact seems to depend not only on the noise intensity to which dwellings are exposed but also on the nature of the noise source. This may suggest the presence of other externalities that arouse social aversion. This research presents an original study utilising advanced spatial modelling approaches. The research has value in further understanding the market impact of environmental factors and in providing findings to support local air zone management strategies, noise abatement and management strategies and is of value to the wider urban planning and public health disciplines.
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Beierlein, Jaclyn J., and James Nelson. "Do IPO filing prices reflect firm quality?" Managerial Finance 45, no. 4 (April 8, 2019): 499–512. http://dx.doi.org/10.1108/mf-03-2018-0118.
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Purpose Prior research suggests that institutional investors prefer higher priced stock, while individual investors prefer lower priced stock. The purpose of this paper is to examine whether the IPO filing price reflects firm characteristics that are commonly associated with quality, including size, age, earnings, underwriter reputation and venture capital backing. Design/methodology/approach The authors used t-tests, Wilcoxon rank sum tests, logistic and ordinary least squares regressions to test the hypotheses. Findings The authors find that IPO filing prices are positively related to measures of quality, except venture backing, which impacts prices non-linearly. Ceteris paribus, small (large) venture backed firms’ filing prices are set significantly lower (higher). Research limitations/implications Firm managers set IPO filing prices high when they believe the firm is likely to attract institutional investors due to its size, quality and certification, and will set prices low otherwise. Practical implications Individual investors should be wary of IPO firms with lower prices. Managers should be cognizant of the positive relationship between IPO quality and price. Originality/value This study provides evidence that IPO prices reflect firm quality and may be set deliberately to attract individual investors when institutional investor demand is expected to be low. It also provides evidence that venture backing affects IPO prices non-linearly, consistent with the grandstanding hypothesis.
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Lichtenstein, Donald R., and Scot Burton. "The Relationship between Perceived and Objective Price-Quality." Journal of Marketing Research 26, no. 4 (November 1989): 429–43. http://dx.doi.org/10.1177/002224378902600405.
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Four studies were conducted to assess the accuracy with which consumers perceive objective price-quality relationships. Results across four studies indicate that, overall, consumers perceive objective price-quality relationships with only a modest degree of accuracy. However, findings also suggest that the accuracy of consumers’ perceptions is moderated by product type; that is, price-quality perceptions are more accurate for nondurable products than for durable products. The authors conclude that consumers’ price-quality perceptions appear to be a function of general or product-type-specific schemas, rather than independent evaluations of price-quality relationships for individual product categories.
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Boyle, Peter J., Hyoshin Kim, and E. Scott Lathrop. "The relationship between price and quality in durable product categories with private label brands." Journal of Product & Brand Management 27, no. 6 (September 17, 2018): 647–60. http://dx.doi.org/10.1108/jpbm-09-2017-1590.
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PurposeThis paper aims to investigate price and objective-quality in durable product categories containing national and private-label (PL) brands.Design/methodology/approachUsing data from consumer reports objective-test results of 14,476 durable products available in the US the authors identified product categories containing both national and PL brands; constructed relative price- and quality-indices for each category; calculated price and quality differentials for each category then modeled the relationship between them; estimated the price premium associated with national brands (NBs); and computed price–quality (PQ) correlations for each category. The authors also analyzed the same relationships using subjective brand-perception data collected from 240 consumers.FindingsOverall the price of NBs in durable products was substantially higher than the price of PL brands despite there being little to no difference in quality levels overall, with the proportion of categories having higher PL quality nearly equaling that of categories having superior NB quality. Correlation between price and quality was moderate. Accuracy of consumer perceptions varied depending on the importance of brand in the purchase decisions for particular product categories.Originality/valueThis paper uses a large objective dataset spanning a period of more than eight years to assess price and quality for durable goods in categories offering PL brands. It addresses an under-studied area, that of PL brands for higher-priced, longer-lasting products. The findings contribute to an existing understanding of PLs, especially in the domain of durable-goods, as well as to the body of research in the area of PQ relationships. It also adds to our understanding of consumers’ perceptions of brand as a factor in durable product decisions and how the market aligns with those perceptions.
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Exenberger, Emil, Jozef Bucko, and Pavol Rabatin. "An assessment of consumer behavior in the quality to price relationship of tomatoes in the Slovak Republic environment." Journal of Eastern European and Central Asian Research (JEECAR) 7, no. 3 (December 1, 2020): 267–79. http://dx.doi.org/10.15549/jeecar.v7i3.528.
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The aim of this research was to compare consumer expectations of quality of tomatoes based on disclosed price and later estimate the unknown price of tomatoes based on its tasting. One hundred six participants tasted four types of tomatoes with disclosed prices and with unknow prices and fulfilled the questionnaire. We focused on analysing how recognition of prices affects customer behaviour and price estimation of additional products. Using descriptive statistics and machine learning techniques in WEKA software we got results. The findings of this study corroborate that the knowledge of current prices significantly affected participants’ perception of the quality of the tomatoes being tasted; affected 63,21% students’ maximum price limits that they are willing to pay for tomatoes and make 32,77% of students use known prices and its rounded values to evaluate prices of additional products.
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Verma, D. P. S., and Soma Sen Gupta. "Does Higher Price Signal Better Quality?" Vikalpa: The Journal for Decision Makers 29, no. 2 (April 2004): 67–78. http://dx.doi.org/10.1177/0256090920040206.
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With differentiated products, consumers may not be aware of the quality and features of the products they buy. They are often unable to make a quality comparison among various brands. Moreover, they often gather little information even when the financial commitment involved is substantial. A popular belief is: ‘You get what you pay for.’ Therefore, consumers tend to believe that high price is an indicator of better quality. Although many studies conducted on price-quality relationship have supported this belief, there are other studies that have found the relationship to be product-specific and weak in general. This study seeks to examine the relationship between the price of the product and the buyers' perception of quality in respect of durable, semi-durable, and non-durable products in the Indian context. Three products were selected for the purpose of the study: colour television as a durable product; T-shirt as a semi-durable product; and toothpaste as a non-durable product. Data were collected from the primary sources with the help of a non-disguised, pre-structured questionnaire. In particular, the authors sought to explore answer to two questions: (1) Does high price have a positive influence on the buyers' perception of product quality? (2) Is there a significant difference in the buyers' perception of the quality of products falling in different price ranges? The major findings of the study are as follows: For a durable product, like colour television, setting the price too low will negatively affect the quality image of the product and the consumer would be reluctant to buy a low-priced brand as it might lower his image in the society. Pricing it reasonably high will give the product a high-quality image. However, the marketer should take care of the competitors' pricing policies and the buyers' purchasing power. The target market for T-shirt in India consists mainly of the young, especially the college students, having limited purchasing power. They prefer local, or little known, but trendy brands of T-shirts rather than expensive ones. Also, they would opt for a T-shirt of a reputed brand if it is within their purchasing power. However, reducing the price of the T-shirt may dilute its brand image. Hence, the marketer of the T-shirt should think of market segmentation strategies and select the appropriate target segment(s) and price the product accordingly. For toothpaste, brand reputation is a critical factor and the marketer should price the product according to the reputation enjoyed by the brand. However, the price-quality relationship for this product has been found to be weak in comparison to colour television and T-shirt. The marketer, therefore, should be wary of charging a very low price as it would create an inferior quality image in the mind of the buyer. The findings have important marketing implications for pricing, market segmentation, target marketing, and product positioning.
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Lichtenstein, Donald R., and Scot Burton. "The Relationship between Perceived and Objective Price-Quality." Journal of Marketing Research 26, no. 4 (November 1989): 429. http://dx.doi.org/10.2307/3172763.
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Azmi, Ahmad Shazrin Mohamed, Raz Faeizi Azhar, and Abdul Hadi Nawawi. "The Relationship Between Air Quality and Property Price." Procedia - Social and Behavioral Sciences 50 (2012): 839–54. http://dx.doi.org/10.1016/j.sbspro.2012.08.086.
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George, Donald A. R. "THE PRICE-QUALITY RELATIONSHIP UNDER MONOPOLY AND COMPETITION." Scottish Journal of Political Economy 43, no. 1 (February 1996): 99–112. http://dx.doi.org/10.1111/j.1467-9485.1996.tb00841.x.
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Voros, Jozsef. "An analysis of the dynamic price-quality relationship." European Journal of Operational Research 277, no. 3 (September 2019): 1037–45. http://dx.doi.org/10.1016/j.ejor.2019.03.032.
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Priilaid, David, and Daniel Hall. "Price-quality heuristic correlation with rates of product consumption." British Food Journal 118, no. 3 (March 7, 2016): 541–59. http://dx.doi.org/10.1108/bfj-03-2015-0101.
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Purpose – The purpose of this paper is to explore the manner in which the rate of product consumption contributes to the formation and strengthening of the price-quality heuristic. Design/methodology/approach – The research included a literature review with a series of tests across a sequence of blind and sighted tasting experiments involving 278 subjects assessing seven differently priced products of orange juice, coffee and wine. Findings – The paper found evidence that consumption rates do affect the way consumers respond to price information and that sight-based “System 1” judgement errors accrue and increase progressively with consumption. This relationship was observed to be stronger in sight-based product assessments for consumption of four or more units per week compared to those consuming one unit per week. For blind-based product assessments, an inverse relationship between price affect and consumption was observed, with affect reported to be stronger for minimal rates of consumption. Originality/value – The observation of sight-based and blind-based affect relationships which are dependent on the levels of product consumption appears to be an interesting advancement in consumer behaviour research. This provides support for a dual structure of rationality operated by an interconnection between “System 1” sight-based associations and “System 2” blind-based ponderous thinking. The paper further provides support for Kahneman’s “conflation of intuition” as classically conditioned memory.
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Lemmerer, Andreas, and Klaus Menrad. "Customers’ use of prices and internal reference prices to evaluate new food products." British Food Journal 117, no. 4 (April 2, 2015): 1411–24. http://dx.doi.org/10.1108/bfj-07-2014-0270.
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Purpose – The purpose of this paper is to demonstrate the heterogeneous effects of gains and losses on the perception of new products. It seeks to argue that the heterogeneity in these effects (partly) stems from the price-perceived quality relationship which is more important for quality-seeking customers. Design/methodology/approach – A multilevel logit model was applied to household panel data on purchases of new yoghurt and sausage products in Germany. The multilevel model allowed to estimate heterogeneous price effects and accounted for the nested structure in panel data. Findings – Significant variation in the effects of gains, losses, and promotions were found. Internal reference prices (IRPs), which served as indicator of loss-averse vs quality-seeking customers, were found to moderate these effects. Monetary losses have less negative effects for customers with high IRPs. Negative interaction effects of IRPs with monetary gains and promotions indicate that quality-seeking customers are less attracted by gains and promotions. Practical implications – The heterogeneity in the price effects confirms the strategic importance of new product prices to influence customers’ perception of value. The price-quality relationship is an explanatory approach for heterogeneous price effects and should not be neglected in price setting. The inclusion of customer-specific reference price information yields deeper insights into customers’ use of prices to evaluate new products. Originality/value – This study is the first to estimate asymmetric gain and loss effects in the analysis of new product trial. A customer-specific view in price setting is emphasized by taking customer-specific reference prices into account.
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Mastrobuoni, Giovanni, Franco Peracchi, and Aleksey Tetenov. "Price as a Signal of Product Quality: Some Experimental Evidence." Journal of Wine Economics 9, no. 2 (July 3, 2014): 135–52. http://dx.doi.org/10.1017/jwe.2014.17.
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AbstractWe use experimental data to disentangle the signaling and budgetary effects of price on wine demand. The experimental design allows us to isolate the two effects in a simple and intuitive way. The signaling effect is present and nonlinear: it is strongly positive between 3 euros and 5 euros and undetectable between 5 euros and 8 euros. We find a similar nonlinear price–quality relationship in a large sample of wine ratings from the same price segment, supporting the hypothesis that taster behavior in the experiment is consistent with rationally using prices as signals of quality. Price signals also have greater importance for inexperienced (young) consumers. (JEL Classification: D11, D12, D82)
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Ahmad Fuzir, Fatin Najua, and Mohd Khirzan Badzli A Rahman. "The Mediating Effect of Customer Satisfaction on the Relationship Between Service Quality, Relationship Quality, Relationship Quality, Perceived Value, and Perceived Price Towards Repurchase Intention in the Fast Food Industry." Social and Management Research Journal 17, no. 2 (September 3, 2020): 371. http://dx.doi.org/10.24191/smrj.v17i2.10564.
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Fast food restaurant industry has become a subject to intense competition and rapid growth in Malaysia’s economy. Consequently, repurchase intention become crucial especially in the fast food business, as it relates to company’s profits. Only a few studies in Malaysia were found in the literature, which deal with university students’ perceptions about fast food restaurant services. Therefore, it is necessary to study the needs of the university students and to understand their preferences. This study examined the relationship between service quality, relationship quality, perceived value and perceived price towards repurchase intentions. Besides that the study also examined customer satisfaction as a mediating role in order to fill the gap in the previous studies. A total of 372 responses were obtained from students of three universities in Shah Alam, through questionnaires. Data were analysed with multiple regression by using Statistical Package for Social Science (SPSS) version 2.0. The findings showed that relationship quality is the main predictor of customer satisfaction (β=.369, p<.01) followed by assurance (β=.165, p<.01), perceived price (β=.162, p<.01) and food quality (β=.102, p<.05). The least predictor is perceived value (β= -.027), tangibility (β=0.53) and responsiveness (β=0.83). The findings also showed that customer satisfaction mediates the relationship between assurance, food quality, relationship quality, perceived price and repurchase intention. The implications of the study are further discussed in this paper.
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Rodríguez-Díaz, Manuel, Rosa Rodríguez-Díaz, Ana Rodríguez-Voltes, and Crina Rodríguez-Voltes. "Analysing the Relationship between Price and Online Reputation by Lodging Category." Sustainability 10, no. 12 (November 28, 2018): 4474. http://dx.doi.org/10.3390/su10124474.
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Price is fundamental in the competitive strategy of lodgings. Determining whether a company is setting its prices appropriately in relation to its main competitors and customer expectations is essential in the new digital age. Online reputation is a way of measuring customer ratings and, when shared on the Internet, it generates expectations for future users. On the other hand, websites specializing in tourism constantly provide updated information about the prices offered by lodgings. The purpose of this study is to establish whether there is a relationship between price and the main variables of online reputation (perceived value, added value and perceived quality of service) as well as the function that best suits considering the category of accommodation, using the information available on the website Booking.com. The methodology applied is regression analysis using different functions (linear, logarithmic, inverse, quadratic and cubic). In addition, 4- and 5-star lodgings are analysed separately from those with 3 stars or less, concluding that there are significant differences between the variables that best explain the price, as well as the functions that best achieve this fit. In 4 and 5-star accommodations, the average quality of service variable is the one most related to prices, whereas in 3-star accommodations or less, the added value is the variable most related to prices. The cubic, quadratic and logarithmic functions get the best adjustments. The results obtained are of great interest to the management of the accommodation as customer ratings are linked to price levels in a competitive environment. This methodology facilitates the definition of the strategy and tactics of prices on the basis of real and updated market data, indicating in the conclusions the direct implication in the future development of learning machines and artificial intelligence applied to tourism.
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Kash, Bita A., and Thomas R. Miller. "The relationship between advertising, price, and nursing home quality." Health Care Management Review 34, no. 3 (July 2009): 242–50. http://dx.doi.org/10.1097/hmr.0b013e3181a16ce0.
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Steenkamp, Jan-Benedict E. M. "The relationship between price and quality in the marketplace." De Economist 136, no. 4 (December 1988): 491–507. http://dx.doi.org/10.1007/bf01803598.
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Davis, George C., and Andrea Carlson. "The inverse relationship between food price and energy density: is it spurious?" Public Health Nutrition 18, no. 6 (June 3, 2014): 1091–97. http://dx.doi.org/10.1017/s1368980014001098.
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AbstractObjectiveAn important debate in the literature is whether or not higher energy-dense foods are cheaper than less energy-dense foods. The present communication develops and applies an easy statistical test to determine if the relationship between food price and energy density is an artifact of how the data units are constructed (i.e. is it ‘spurious’ or ‘real’?).DesignAfter matching data on 4430 different foods from the National Health and Nutrition Examination Survey with corresponding prices from the Center for Nutrition Policy and Promotion’s Food Prices Database, we use a simple regression model to test if the relationship between food price and energy density is ‘real’ or ‘spurious’.SettingUSA.SubjectsTotal sample size is 4430 observations of consumed foods from 4578 participants from the non-institutionalized US adult population (aged 19 years and over).ResultsOver all 4430 foods, the null hypothesis of a spurious inverse relationship between food price per energy density and energy density is not rejected. When the analysis is broken down by twenty-five food groups, there are only two cases where the inverse relationship is not spurious. In fact, the majority of non-spurious relationships between food price and energy density are positive, not negative.ConclusionsOne of the main arguments put forth regarding the poor diet quality of low-income households is that high energy-dense food is cheaper than lower energy-dense food. We find almost no statistical support for higher energy-dense food being cheaper than low energy-dense food. While economics certainly plays a role in explaining low nutritional quality, more sophisticated economic arguments are required and discussed.
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Gavious, Arieh, and Oded Lowengart. "Price–quality relationship in the presence of asymmetric dynamic reference quality effects." Marketing Letters 23, no. 1 (August 19, 2011): 137–61. http://dx.doi.org/10.1007/s11002-011-9143-4.
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Putro, Wirawan Seto. "ANALISIS PENGARUH PERSEPSI HARGA TERHADAP PERILAKU PEMBELIAN PRODUK KEBUTUHAN SEHARI-HARI (STUDI PADA INDO GROSIR JALAN MAGELANG)." Journal Competency of Business 3, no. 2 (December 2, 2019): 80–96. http://dx.doi.org/10.47200/jcob.v3i2.671.
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This empirical research is intended to determine the relationship between consumer perceptions of the role of negative prices (Value Consciousness, Price Consciousness, Coupon Proneness, Sale Proneness, and Price Mavenism) with the role of positive prices (Price Quality Schema and Prestige Sensitivity). In this study the data were obtained through distributing questionnaires to 250 respondents, namely consumers who were making a purchase or those who had made a purchase at Indogrosir Jalan Magelang Yogyakarta. Based on the results of data analysis with SEM analysis with the AMOS program showed that there was an influence of negative variables. role price on positive role price, there is a negative role price influence on Value Consciousness in the role of negative prices, there is a negative role price influence on Price Mavenism on the role of negative prices, there is a negative influence role price on Price Consciousness on the role of negative prices, there is a negative role effect price on Sale Proneness on the role of negative prices, there is a negative influence on the role price on Coupon Proneness on the role of negative prices, there is a positive influence on the role price on Price quality schema on the role of negative prices and there is a positive influence on the role price against Prestige sensitivity.
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Oroud, Yazan, Md Aminul Islam, Tunku Salha Tunku Ahmad, and Anas Ghazalat. "Does Audit Quality Moderate the Relationship between Accounting Information and the Share Price? Evidence from Jordan." International Business Research 12, no. 3 (February 11, 2019): 58. http://dx.doi.org/10.5539/ibr.v12n3p58.
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Effect of accounting information on the share price has been having the share of attention from researchers for over six decades owing to the increasing of global financial crisis. Hence, this study attempts to contribute to literature by investigating such relationship in Jordan, a developing country. Specifically, this study investigates the relationship between the cash flow and accruals on share price of listed companies on Amman Stock Exchange for the year 2002 to 2014 also the effect of financial crisis on the share price before and after 2008. The model of this study was theoretically founded on both the agency and the signaling theories. To examine the developed model, the required data were gathered from the annual reports of 236 listed Companies. In analyzing the data, this study utilized the panel data methodology on 117 companies with 1521 observations. Moreover, this study used audit quality (audit firm size and audit tenure) as moderating variable. Based on the panel data results, the fixed effect model was used to examine the effect of the cash flows and accruals on the share price. The accruals and cash flows combined have significant effects on the share prices of the Jordanian companies listed on ASE. Audit quality, whether auditor’s firm size or auditor’s tenure, has significant moderating effect on associations of the share prices with accruals and with cash flows and the 2008 financial crisis had negative effects on share prices of the Jordanian companies listed on ASE. This study provides deep insights into relative usefulness of cash-based and accrual-based accounting measures and assist investors, regulators, analysts, and other stakeholders in evaluating the liquidity and financial performance of Jordanian companies listed on ASE, which may result in better allocation of economic resources by enabling the investors to take informed investment decisions, thus promoting a more efficient Jordanian capital market.
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Anderson, Michael A., Martin Davies, Jose E. Signoret, and Stephen L. S. Smith. "Firm Heterogeneity, Imported Input Quality, and Export Pricing in India." Global Economy Journal 18, no. 2 (June 2018): 20180034. http://dx.doi.org/10.1515/gej-2018-0034.
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Using a novel dataset we examine the pricing behavior of Indian exporters, in particular looking at the relationship between export prices and the quality of imported inputs that firms use, conditioning on firm capability (productivity). Exporting firms that directly import are different in important ways from exporters that do not import directly. Among directly importing exporters, higher quality (higher price) imports are associated with higher quality (higher price) exports. In this respect, Indian exporters behave similarly to other developing country exporters, offering suggestive evidence of the importance for export success of access to high-quality imports.
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Vollmer, Teresa, Helmut Herwartz, and Stephan von Cramon-Taubadel. "Measuring price discovery in the European wheat market using the partial cointegration approach." European Review of Agricultural Economics 47, no. 3 (December 5, 2019): 1173–200. http://dx.doi.org/10.1093/erae/jbz040.
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Abstract Understanding price discovery in agricultural spot and futures markets is important for market participants and policy makers, because it can contribute to better management decisions and more informed policy debates on market regulation. Combining partial cointegration with state space modelling, we generate time-varying price discovery metrics for the European wheat market that allow for shifts in the long-run relationship. We find that the futures market dominates price discovery in terms of efficiency, but that this dominance is reduced in phases of higher price volatility. We find evidence of persistent shocks in the long-run relationship between spot and futures prices that appear to be related to variations in the quality of the wheat harvest, and to the concatenation of the futures prices.
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Pettit, Kathy L., Sonja L. Sawa, and Ghazi H. Sawa. "Frugality: A cross-national moderator of the price-quality relationship." Psychology and Marketing 2, no. 4 (1985): 253–65. http://dx.doi.org/10.1002/mar.4220020405.
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Ramirez, Carlos D. "Wine Quality, Wine Prices, and the Weather: Is Napa “Different”?" Journal of Wine Economics 3, no. 2 (2008): 114–31. http://dx.doi.org/10.1017/s1931436100001164.
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AbstractThis paper uses a large longitudinal database (nearly 6,000 observations) of all cabernet sauvignon wines rated by Wine Spectator from 1970 to 2004 in the Napa Valley region of California to investigate whether a quality-weather relationship and a price-weather relationship exist and, if so, whether they occur in a linear, quadratic, or log-linear fashion. The paper examines three different models of wine rating and wine prices to study the effect of weather variations. The results suggest that the weather affects both quality and wine prices, but the results are much stronger for prices than for ratings. A log-linear model can explain nearly 92 percent of the variation in wine prices, but only about 28 percent of the variation in wine ratings. (JEL Classification: C23, Q54)
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Dian Pratiwi, Utari, Erwin Saraswati, and Arum Prastiw. "Stock price synchronicity, sustainability reports, and earnings quality." International Journal of Research in Business and Social Science (2147- 4478) 10, no. 1 (February 11, 2021): 139–48. http://dx.doi.org/10.20525/ijrbs.v10i1.988.
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Stock Price Synchronicity is a calculation used to show the proportion of the company's internal and external information accumulated into the stock price. This study aims to examine internal information in the form of sustainability reports and earnings quality on stock price synchronicity. Furthermore, this study also aims to examine the moderating effect of institutional investors as an indicator of sophisticated investors. The population in this study is a go-public manufacturing company on the Indonesia Stock Exchange (BEI). The sample was determined by the purposive sampling method. This research uses multiple regression analysis methods with a panel data form. The results showed that companies with a higher quality of sustainability reports had lower stock price synchronicity and institutional investors did not have a moderating effect in this relationship. The results also show that companies that have higher earnings quality have high stock price synchronicity as well. This relationship changes when the institutional investor moderation variable is added. Companies with higher earnings quality have lower stock price synchronicity values.
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Sijabat, Rosdiana. "Analisis Peran Mediasi Harga Terhadap Asosiasi Country Of Origin, Perceived Quality, dan Brand Image Terhadap Keputusan Pembelian." Jurnal Manajemen 17, no. 1 (October 30, 2020): 57–80. http://dx.doi.org/10.25170/jm.v17i1.1779.
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This article examines perceptions of the country of origin, perceived quality, and brand image of Chinese household appliance products on product purchasing decisions by Indonesian consumers mediated by consumer perceptions of prices. A total of 402 respondents who had purchased home appliances from China filled out questionnaires related to their perceptions of the products studied, and these perceptions were analyzed using PLS-SEM. The analysis results show that perceptions of the country of origin, perceived quality, and brand image have a positive and significant relationship to consumer decisions in buying household brand products from China in Indonesia. Perceptions of price mediate the relationship between country of origin, perceived quality, and brand image on purchasing decisions with positive associations. This study provides new insights into the relationship between country of origin, perceived quality, brand image, and price on product purchasing decisions from China in Indonesia, where both countries are developing countries. The study offers managerial implication on the importance of home appliance manufacturers from China to maintain affordable prices in the Indonesian market.
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Aprileny, Imelda. "HUBUNGAN ANTARA KUALITAS PELAYANAN DAN HARGA DENGAN KEPUASAN PELANGGAN PADA BENGKEL SUZUKI SUN MOTOR MATRAMAN." Jurnal STEI Ekonomi 25, no. 2 (October 10, 2017): 101–20. http://dx.doi.org/10.36406/jemi.v25i2.96.
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The purpose of this study was to determine how closely the relationship between service quality and price to customer satisfaction in the garage SUN MOTOR Matraman. The strategy used in this study is an associative strategy. The method used in this research is a survey as part of a descriptive research with quantitative approach. The population in this study is that customers who have subscribed during the years 2014-2015 and has been visited 5 times. Based on existing data, obtained the number of customers who have been 5 times a year during 2014 to 2015 was 114 people. Based on calculations using the formula slovin, obtained the total sample of 89 respondents.Based on the results of research to test the correlation coefficient, obtained by the partial correlation coefficient and regression. From the analysis of partial correlation coefficient, partial correlation value X1 to Y of 0.472, which means the relationship of service quality and customer satisfaction, are moderate and the direction that is positive assuming constant prices. While the partial correlation value X2 to Y of 0.530, which means that the relationship of price to customer satisfaction, are and the direction that is positive with regards the quality of service constant. The value multiple correlation coefficient of 0.952, showing the relationship between service quality and price to customer satisfaction is very strong with a relationship that is positive or unidirectional, meaning if the quality of service and price can be supplied with either, then customer satisfaction will increase, and vice versa if quality of service and price can not be given properly, then customer satisfaction will decrease. From the results of partial hypothesis testing, obtained P-value variables X1 0,000, smaller than the real level or 0.000 <0.05. Therefore, it can be deduced Ho refused or Ha accepted, meaning partially contained significant positive correlation variables of service quality and customer satisfaction. While the P-value of 0.000 X2, smaller than the real level or 0.000 <0.05. Therefore, it can be deduced Ho refused or Ha accepted, meaning partially contained significant positive correlation with the price variable customer satisfaction. From the results of hypothesis testing simultaneously, gained significance F 0,000, is smaller than the real level or 0.000 <0.05. Thus, it can be deduced Ho refused or Ha accepted, meaning there is simultaneously a significant positive relationship between service quality and price to customer satisfaction.
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Mikhailov, A. Yu, D. B. Burakov, and V. Yu Didenko. "Relationship between Oil Price and Macroeconomic Indicators in Russia." Finance: Theory and Practice 23, no. 2 (May 4, 2019): 105–16. http://dx.doi.org/10.26794/2587-5671-2019-23-2-105-116.
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One of the most important external factors affecting the exchange rate of the US dollar to the Russian rouble has been the global oil price. Russia, whose economy is mainly associated with oil production, is one of the world’s largest oil suppliers. Therefore, the slightest fluctuations in oil prices can have a significant effect on its economy. The aim of the article is to study the relationship between macroeconomic parameters and oil prices. The objectives of the study are to identify factors having a long-term positive relationship with oil prices based on a mathematical approach, as well as to propose improvements for Russian macroeconomic indicators. The authors use modern mathematical methods of vector autoregression (VAR-model), the Granger method and the Dickey-Fuller test to study the long-term and shortterm relationships between the relevant time series for the period from 2014 to 2016. On this basis, it was calculated that a 1% increase in GDP leads to a strengthening of the national currency by 1.47%. This fact can be explained by the overall growth of the national economy. The Granger test results for the model show that global oil price (and Russian GDP) has the greatest impact on the exchange rate in the short term. The following actions are proposed for improving macroeconomic indicators: stabilisation of foreign economic policy; diversification of exports (although oil revenues can serve as a tool for improving the quality of Russian economic development and public life in general); development of the Russian ‘Urals’ benchmark and increasing its trading volumes on the world market; transition to rubles for settlements of Russian oil and gas; use of a ruble indicator (ruble barrel) of the ‘Urals’ oil price to support the development of Russia’s financial and economic policy.
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Turley, L. W., and Scott W. Kelley. "The Effects of Awareness and Quality Risk on the Price-Quality Relationship Among Services." Journal of Customer Service in Marketing & Management 1, no. 1 (June 13, 1995): 57–76. http://dx.doi.org/10.1300/j127v01n01_06.
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Kawamura, Kensuke, Hidetoshi Asai, Shintaro Kobayashi, Soukasdachanh Souvannasing, Phonevilay Sinavong, and Thavone Inthavong. "The Relationship between the Physical Quality of Rice and the Market Price: A Case Study in Savannakhet, Laos, Using a Bayesian Approach." Sustainability 10, no. 11 (November 12, 2018): 4151. http://dx.doi.org/10.3390/su10114151.
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The visual characteristics of rice grains play a primary role in determining the market price, and are used for grading systems in many rice-consuming countries. Laos is a rice-consuming country in Southeast Asia, but it does not have a functioning grading system. This study investigated the relationship between the physical quality of milled rice grains and the market price based on the Bayesian approach in Savannakhet, Laos. We collected 30 rice samples and their market prices from 12 shops, including imported rice from Thailand and Vietnam. The rice samples were scanned using a Grain Scanner, and the proportion of head rice (HR, %) was determined using physical traits (length, shape, color, etc.) based on the ‘Thai standard’ grading criteria. The relationship between the HR ratios and market prices was modeled with the Bayesian approach. For Laos’s product, the market price and HR ratio were lower than those for Thailand’s product. Based on the Bayesian framework, the results of Markov Chain Monte Carlo simulations indicated that (1) the market price of Thailand’s product was mostly determined by the HR ratio, but other factors, such as aroma, were also suggested, especially in high-quality rice grains; (2) Laos’s product showed a positive correlation, but other factors had a greater influence on Laos’s product than Thailand’s product; and (3) no clear relationship was found in Vietnam’s product due to the limitation of a small number of samples, which was also considered a difference in consumer needs. These results indicated that the relationship between rice quality and market price for Laos’s product was unstable compared to that for Thailand’s product. To promote a more market-oriented agricultural sector, this pilot study has been broadened to examine other factors and extended to other cities or regions in Laos.
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Ghaani Farashahi, Behnoosh, Elizabeth Easter, and Kate Annett-Hitchcock. "Price and perceived product quality: a comparison of denim jeans in three price categories." Journal of Fashion Marketing and Management: An International Journal 22, no. 3 (July 9, 2018): 369–86. http://dx.doi.org/10.1108/jfmm-10-2017-0104.
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Purpose The purpose of this paper is to compare a set of product specifications to evaluate appearance and performance characteristics of denim jeans at three price categories, and identify any relationships between price and product quality. Design/methodology/approach This research is as a quasi-experimental laboratory study. The product specifications of jeans are identified. Next, the appearance and performance characteristics of jeans are examined initially and after one and five repeated laundering cycles. The data are analyzed within and between each price category to identify any possible relationship between price and product quality. Findings The price category of jeans does not necessarily reflect different dimensions of product quality. Although higher priced jeans had superior product specifications and visual appearance, they did not show superior performance with respect to all elements of fit, durability, and color performance when these three factors were measured through laboratory testing. Research limitations/implications The limitations of this study from a research perspective include a small sample size, gender-focused sample selection. and the focus on only three retail categories. These limitations impact the generalizability of the results but could serve as a basis for similar studies. The evaluated product quality attributes were limited to intrinsic/measurable characteristics. Future studies should consider the extrinsic attributes of quality, especially as they are related to consumer’s purchasing decision. Practical implications Retailers in moderate and budget price categories can benefit from educating consumers about the quality attributes of jeans that would ultimately influence their post-purchase experience and are not necessarily related to the product’s price category. Educators can use this information to assist in teaching students about the multiple dimensions of materials and assembly choices, and how this will impact their final products as they are learning the apparel product development process. Originality/value The focus of this study on the quantification of intrinsic product attributes is unique and provides measurable data for product evaluation by consumer researchers and industry. The results of this research identify the strengths and weaknesses in the appearance and performance characteristics of jeans in different price categories, and how those may affect consumers’ purchase intention.
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Moreira, Ligia da Cunha, Tiago L. Passafaro, and Guilherme J. M. Rosa. "PSXI-41 Investigating the relationship between life history factors, live animal auction price, and carcass quality of cull dairy cows." Journal of Animal Science 97, Supplement_3 (December 2019): 184. http://dx.doi.org/10.1093/jas/skz258.380.
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Abstract High production efficiency is crucial for the competitiveness and sustainability of the dairy industry. To maintain high production, maximize profitability, and allow an accelerated genetic improvement, it is recommended that between 25–30% of dairy herds be renewed each year. Cull dairy cows contribute for approximately 10% of the total beef produced in the United States, being significantly important as a beef source for the meat industry. Furthermore, cull cows provide an important additional income to dairy farmers. However, culling decisions should be carefully made, taking into consideration herd replacement rate, cow performance, milk and beef prices, and the potential price that each cow might be paid for. The objective of this study was to investigate the relationships between life history factors, live animal auction price, and carcass quality of cull dairy cows. Data from three Wisconsin herds were collected using DairyComp software, from January 2018 to January 2019. Hundredweight (cwt) prices paid for each cow (n = 84) were obtained from a marketing auction, and their carcass traits were provided by a commercial meat packing plant. Correlation and multiple linear regression analyses were used to investigate the dependencies between variables. Results indicate that lactation number and days in milk significantly affect cow live weight and that these three variables together with season of the year and farm provide a good predictor of cwt price (adj R2 = 71.7%). Moreover, there were also significant and moderately strong correlations between cwt price and some carcass quality indicators such as dressing (r = 0.57, P < 0.001), trimming losses (r = -0.25, P < 0.05), and grade (r = -0.58, P < 0.001). In conclusion, cull cow cwt price and carcass quality can be improved by taking into account cows life history factors when making culling decisions.
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Haryanto, Budhi, Djoko Purwanto, Amina Sukma Dewi, and Edi Cahyono. "How does the type of product moderate consumers’ buying intentions towards traditional foods? (Study of consumer behavior in Indonesia)." Journal of Asia Business Studies 13, no. 4 (October 7, 2019): 525–42. http://dx.doi.org/10.1108/jabs-10-2018-0299.
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Purpose This paper aims to explain the relationship between product quality, price and convenience with a positive attitude and intention to buy traditional food. In addition, it also aims to explain the role of the product type in moderating the relationship between these variables. Design/methodology/approach Samples were taken non-randomly, consisting of 500 snack food buyers and 500 restaurant food buyers. Some of the places chosen for sampling include Paragon Mall, Solo Grand Mall, Matahari Mall, Hartono Mall or other places in Surakarta-Indonesia, where people spend time relaxing. Furthermore, multiple structural equations model (multi group SEM) is a statistical method used to explain the relationship between the conceptual variables. Findings Some of the findings are as follows: before the product as a moderator, price and quality are the variables that influence the positive attitude and the intention to buy, while the convenience is the variable found not affecting both the positive attitude and the intention to buy. After the product type as a moderator, for snacks, the test results indicate that the price, product quality and convenience are the variables that affect the positive attitude but do not affect the intention to buy. For restaurant food, test results indicate that only prices and qualities affect positive attitudes, whereas convenience is found not to affect positive attitudes. Furthermore, only price and quality affect the intention to buy, while convenience is found not to affect the intention to buy. Originality/value This paper underlines that the type of product is a moderating variable in the buying behavior process of traditional foods. Regarding its role as a moderator variable, the relationships between variables that are conceptualized can be explained in detail, along with their significance.
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Ahmed, Ammar. "Factors affecting Customer Retention in the Restaurant Industry: Moderating Role of Restaurant Location." IBT Journal of Business Studies 15, no. 2 (2019): 95–108. http://dx.doi.org/10.46745/ilma.jbs.2019.15.02.07.
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This study investigated the main effects of service quality and price fairness on customer retention. The study also investigated the moderating role of restaurant location in service quality, price fairness-customer retention relationships. Data collected from 182 customers visiting selected restaurants located in Multan city of Pakistan. The collected data relates to the chosen variables i.e. service quality, price fairness, restaurant location, and customer retention. The significant positive results of linear regression analysis revealed that service quality, price fairness and restaurant location predicted the customer retention. The results of step-wise multiple regression analysis revealed that restaurant location positively moderated the relationship of service quality and customer retention. It also revealed that restaurant location positively moderated the relationship of price fairness and customer retention. This study may have practical implications for human resource managers regarding recruitment decisions. It may have importance for restaurant managers or owners regarding quality of service and pricing plans which are true reflection of the services provided. Similarly, they may give due consideration to the location factor while launching a food service business. On the basis of the findings of the study, conclusions have been made and recommendations and directions for further research have been offered.
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Amin, Muhammad. "IMPACT OF PRODUCT QUALITY & UNIQUENESS ON PRICE PREMIUM WITH MEDIATING EFFECT OF SOCIAL IMAGE." Jinnah Business Review 03, no. 02 (July 1, 2015): 52–59. http://dx.doi.org/10.53369/hjlv1069.
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The purpose of this paper was to understand the importance of product quality, its uniqueness that can be used in order to achieve a price premium for consumer packaged food. 300 questionnaires were distributed among packaged food consumers. The response rate was about 50 percent. The results showed that product quality and uniqueness has significant impact on price premium, while social image fully mediates the relationship of product quality and price premium. Social image also partially mediates the relationship of uniqueness and price premium.
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Zhang, Kai, Yan Chen, and Lifeng Wu. "Grey Spectrum Analysis of Air Quality Index and Housing Price in Handan." Complexity 2019 (November 25, 2019): 1–6. http://dx.doi.org/10.1155/2019/8710138.
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To analyze the relationship between air quality index (AQI) and housing price, six relationship indexes between air quality index and housing price were calculated using grey spectrum theory, specifically grey association spectrum, grey cospectrum, grey amplitude spectrum, grey phase spectrum, grey lag time length, and grey condense spectrum. Three main change periods were extracted. There was a negative correction between the air quality and the housing price in Handan. The results provide a basis for the government’s measures to prevent haze.
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Herbst, Kenneth C., Mark R. Leary, and Collin P. McColskey-Leary. "Social-evaluative influences moderate the relationship between price and perceived quality." Social Influence 8, no. 1 (January 2013): 54–69. http://dx.doi.org/10.1080/15534510.2012.702665.
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Yucelt, Ugur. "A Cross-Cultural Study of Buyers' Perception of Price-Quality Relationship." Journal of International Consumer Marketing 2, no. 1 (November 16, 1989): 55–81. http://dx.doi.org/10.1300/j046v02n01_04.
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Yan, Dengfeng, and Jaideep Sengupta. "Effects of Construal Level on the Price-Quality Relationship: Table 1." Journal of Consumer Research 38, no. 2 (August 1, 2011): 376–89. http://dx.doi.org/10.1086/659755.
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Björk, Bo-Christer, and David Solomon. "Article processing charges in OA journals: relationship between price and quality." Scientometrics 103, no. 2 (March 13, 2015): 373–85. http://dx.doi.org/10.1007/s11192-015-1556-z.
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Nugroho, Arissetyanto. "The Role of Price in Deciding to Purchase Ready-to-Drink Tea." Jurnal Manajemen 22, no. 3 (October 24, 2018): 381. http://dx.doi.org/10.24912/jm.v22i3.428.
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The purpose of this research is to test the factors that influence the decision to purchase The Pucuk Harum tea. There are three variables tested: brand image, price and product quality. The questionnaire was delivered to 100 @pucukharumid consumers and bootstrapped for a 500 data sample. The findings support that all factors, i.e. brand image, price and product quality, significantly influence the decision to purchase The Pucuk Harum. The most important factor is the price, and the factor that had the least influence is image. Smart PLS Simultaneous Equation Modelling was conducted to measure the indirect relationship between fourpaths within the model. The results show that the strongest path is the process of prices that affect the image through the product quality. The price is also an antecedent factor that mostly influences the purchase decision through other variables within the model.
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Wakes, Sarah, Linda Dunn, Dahna Penty, Kayla Kitson, and Tim Jowett. "Is Price an Indicator of Garment Durability and Longevity?" Sustainability 12, no. 21 (October 27, 2020): 8906. http://dx.doi.org/10.3390/su12218906.
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Increasing focus on the sustainability of clothing has highlighted issues such as “fast fashion”, impacts of laundering, durability, perceptions and expectations of wear and quality. The general consensus is that low-price garments (usually “fast fashion”) are of low quality, low durability to laundering and are therefore more likely to be disposed of after minimal wears. The aim of this research is therefore to explore the relationship between price, perception of quality, frequency of laundering and durability to laundering of a common garment. Physical experiments on black T-shirts was undertaken to determine whether the price of a garment determines its quality in terms of durability to laundering; and a survey was conducted on perceptions of whether the quality of a garment is tied to its price. Price was found to not be a good indicator of physical performance, especially when it is lower. The two highest-priced T-shirts experienced the least change and this was attributed to better-quality fabric and construction. Participants expected more durability and higher quality as the price of the T-shirt increased and expectations were mostly pessimistic of garment performance to laundering compared to the actual performance compared against theoretically acceptable changes in garment dimension.
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Setyaka, Haryo. "PENGARUH KUALITAS PRODUK, PROMOSI DAN HARGA TERHADAP PENJUALAN KAROSERI WING BOX DI PT. MITRA TOYOTAKA INDONESIA." JURNAL LENTERA BISNIS 6, no. 1 (December 21, 2017): 48. http://dx.doi.org/10.34127/jrlab.v6i1.166.
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<p><em>This study aims to examine and analyze the influence of the quality of products, promotions and pricing to sales product karoseri Wing Box at PT. Toyotaka Mitra Indonesia. The data used in this study was a questionnaire distributed to clients of PT. Toyotaka Mitra Indonesia as many as 95 respondents. The sampling method used was accidental sampling. The analytical method used in this research is multiple linear regression analysis using SPSS software application assistance. The results showed the quality of products, promotions and price together (simultaneously) significantly affect sales. Partially quality of products significantly influence sales with positive relationships, while sale prices and partially no significant influence on sales and promotions and price relationship is positive for sales.</em></p><p><em> </em></p><em>Keywords : quality of product, promotion, pricing, sales</em>
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Wydyanto, Wydyanto, and Andri Yandi. "MODEL OF BRAND IMAGE AND PURCHASING: PRICE PERCEPTION AND PRODUCT QUALITY (LITERATURE REVIEW OF MARKETING MANAGEMENT)." Journal of Accounting and Finance Management 1, no. 2 (November 5, 2020): 275–85. http://dx.doi.org/10.38035/jafm.v1i2.31.
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Previous research or relevant research is very important in a research or scientific article. Previous research or relevant research serves to strengthen the theory and phenomenon of the relationship or influence between variables. This article reviews the factors that influence brand image and purchasing decision, namely: price perception and product quality, a Marketing Management Literature Study. The results of this research library are that: 1) Price perception has a relationship and affects the brand image; 2) Product quality has a relationship and affects the purchasing decision; 3) Price perception has a relationship and affects the brand image; 4) Product quality has a relationship and affects the purchasing decision, and 5) Brand image has a relationship and affects the purchasing decision.
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Lin, Chiou-Fa, Cheng-Huei Chiao, and Bin Wang. "The impact of post-trade transparency on price efficiency and price discovery." Managerial Finance 45, no. 8 (August 12, 2019): 1062–75. http://dx.doi.org/10.1108/mf-05-2018-0217.
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Purpose The purpose of this paper is to examine the impact of post-trade transparency on price efficiency and price discovery. Design/methodology/approach The authors use an exogeneous change in market transparency in the Taiwan Stock Exchange that mandates the disclosure of unexecuted orders of the five best bid and ask prices after each trade, and conduct an event study analysis. Findings After the change, price efficiency enhances for both large and small firms, although the impact on stock prices is greater when the firm is larger. The authors also find that post-change trading reveals more private information for large firms but more public information for small firms. The findings support the view that transparency has a positive impact on market quality. Originality/value The paper adds to a large body of literature investigating the relationship between transparency and market behavior, especially the ongoing debate about whether trading transparency positively affects price dynamics. The findings also have important policy implications for the regulators.