More promotion-focused, more happy? Regulatory focus, post-purchase evaluations and regret in the real estate market

Jiangtao Chen, Chi Man Hui, Zhongming Wang

Research output: Journal article publicationJournal articleAcademic researchpeer-review

2 Citations (Scopus)

Abstract

This research examines how regulatory focus, in terms of promotion-prevention discrepancy (promotion level minus prevention level), influences homebuyers’ post-purchase evaluations and experiences. Field study data is collected by questionnaire and structural equation modelling (SEM) is used for data analysis. In China’s urban real estate market, when the level of promotion focus exceeds that of prevention focus, homebuyers have better evaluation of their acquisition, less regret and higher satisfaction. Besides product and service attributes, a house’s investment performance and financial burden are important in shaping purchasers’ regret and satisfaction. The findings also show that some individual and purchase traits influence post-purchase evaluations and experiences.
Original languageEnglish
Pages (from-to)251-268
Number of pages18
JournalUrban Studies
Volume54
Issue number1
DOIs
Publication statusPublished - 1 Jan 2017

Keywords

  • Housing
  • post-purchase evaluation
  • regret
  • regulatory focus
  • satisfaction

ASJC Scopus subject areas

  • Environmental Science (miscellaneous)
  • Urban Studies

Cite this