Intertemporal choices are very common in daily life, such as insurance investments, membership cards, and health behavior advocacy. Prior literature on intertemporal decision-making mainly focused on economics. Discounted utility model and hyperbolic model are used to describe people’s preference for intertemporal decisions, and discount rate k is the indicator of people’s patience. As the research turns to people’s behavioral and psychological mechanisms, the gain-loss asymmetry received attention. Researchers began to study the effects of differences in decision makers’ risk preferences, cognitive differences, attention allocation, and affect on intertemporal decision making. The paper reviews current research in intertemporal decision making from three dimensions: time perception, attentional resources, and affect, also emphasizes the studies using techniques such as fMRI and ERPs in neuroscience .
This article examines the impact of banks’ corporate social responsibility communication through social media (CSR-S), electronic word of mouth (eWOM), and brand reputation on consumer behavior during the COVID-19 crisis, with a focus on purchase intention.
The study employed a quantitative approach to analyze data from a survey of 621 Egyptian bank customers who followed the banks’ social media pages and interacted with CSR-S initiatives. A genetic algorithm selected the most relevant variables affecting purchase intention. A Bayesian regression model was used to analyze the impact of CSR-S communication, eWOM, and brand reputation on purchase intention.
CSR-S initiatives, eWOM, and brand reputation were found to influence customer purchase intention. CSR-S initiatives can boost purchase intention by encouraging brand reputation and initiative sharing with friends and other customers. However, CSR-S negatively moderates the positive impact of eWOM and brand reputation on the predisposition to contract products and services with the bank.
This study addresses critical research gaps in CSR literature. Firstly, it examines the impact of CSR-S actions on customer behavior, a perspective less explored in previous research. Secondly, it investigates the intricate relationships between CSR-S, eWOM, brand reputation, and purchase intention, shedding light on their interplay, particularly during the COVID-19 pandemic. Additionally, this research extends CSR-S investigations to the competitive banking industry and focuses on a developing country context, enhancing the applicability of findings for Egyptian banks. Lastly, the study employs advanced methodologies to improve the accuracy of results.
