BỘ GIÁO DỤC VÀ ĐÀO TẠO TRƯỜNG ĐẠI HỌC KINH TÉ TP. HÔ CHÍ MINH BẢO CẢO TÔNG KÊT ĐÈ TÀI NGHIÊN cứu KHOA HỌC THAM GIA XÉT GIẢI THƯỞNG ‘’NHÀ NGHIÊN CỨU TRẺ UEH” NĂM 2024 TOWARDS GREEN PURCHASE INTENTION: UNRAVELING THE IMPACT OF CSR, CUSTOMER GREEN PSYCHOLOGY, AND COLLECTIVISM UNDER MODERATING EFFECT PERCEIVED PRICE Thuộc nhóm chuyên ngành : 1 (Ghi I sô trong 7 chuyên ngành quy định tại điêu 2 thệ lệ cuộc thi) TP. Hồ Chí Minh, tháng 2/2024 ABSTRACT In recent years, encouraging green consumption has emerged as an important tool for addressing environmental issues and ethical concerns related to consumer products and services. Aiming to provide literature and managerial contribution to this emerging field, this research examines how Corporate Social Responsibility (CSR) influences consumers' green purchase intention (GPI) and proposes that green psychology (GP), including green trust (GT), environmental concern (EC), and attitude towards green brands (ATGB), play important mediating roles in this association, along with the effect of collectivism (CM) toward GPL Additionally, we introduce the novel concept of perceived price (PP) as a mediator between GP variables and GPL Furthermore, we investigate how pp moderates the relationship between CM and GPL These findings considerably contribute to the advancement of circular economy models and the achievement of key SDGs related to responsible consumption and production.
Employing the Theory of Planned Behavior (TPB), various hypotheses were tested through a survey-based questionnaire targeting Generation z and Zillennials (n = 368). This study also utilizes partial least squares (PLS) within structural equation modeling (SEM) and is supported by SPSS and AMOS software to analyze the data. The findings reveal that CSR has a positive impact on all CGP variables. Additionally, EC, ATGB, and CM positively influence GPI, while the relationship between GT and GPI is negative.
Moreover, pp moderates the connection between GPI and both GT and ATGB, but not EC. These insights enhance theoretical understanding and offer valuable managerial implications. Businesses can leverage this knowledge to belter evaluate how their green initiatives impact consumers' green psychology and ultimately translate into stronger green purchase intentions. II TABLE OF CONTENTS ABSTRACT.1 Research context and justilication.
Research objectives and research questions. Theory of Planned Behavior (TPB). Corporate social responsibility (CSR). Customer green psychology.
Attitude toward green brand. Green purchase intention. Research hypotheses and conceptual framework. Sample size Identification.
Sampling selection approach. Measurement scales and questionnaire design.2 Measurement model evaluation.3 Structural Equation Modeling (SEM). DISCUSSION AND CONTRIBUTION. CONCLUSION AND LIMITATION.42 IV LIST OF TABLES Table 1.
Summary of papers review. Summary of related study in Vietnam context. 34 V LIST OF FIGURES Figure 1. Theory of Planned Behavior (TPB).
6 Figure 2: Conceptual framework of the study. 27 VI LIST OF ABBREVIATION ATGB Attitude Toward Green Brand AVE Average Variance Extracted CFA Confirmatory factor analysis CGP Customer Green Psychology CM Collectivism CR Composite Reliability CSR Corporate Social Responsibility GT Green Trust pp Perceived Price SDGs Sustainable Development Goals SEM Structural equation modeling TPB Theory of Planned Behavior 1 1.1 Research context and justification Since September 2015, The United Nations General Assembly has introduced the Sustainable Development Goals (SDGs) as part of the 2030 Agenda for Sustainable Development. The concept was described as a "new, universal set of goals to develop a global vision for sustainable development by balancing economic growth, social development, and environmental protection". On September 25, 2020, the Government of Vietnam issued Resolution No.
136/NỌ-CP on sustainable development (Ministry of Industry and Trade, 2021). The Resolution sets out 17 sustainable development goals for Vietnam by 2030. Among these SDGs, sustainable procurement is considered a key tool to promote the green economy as it stimulates demand for greener products and creates a sustainable cycle of production and consumption - which helps achieve SDG 12 and supports bridging the gaps to attain other SDGs. Goal 12 of the SDGs proposes "responsible consumption and production patterns" by 2030 (Sharaf & Perumal, 2018).
The link between SDG 12 and green behaviours has been mentioned and studied in the peer-research field during this period. By deep diving into the correlation between Corporate Social Responsibility (CSR) and the SDGs, ElAIfy et al. (2020) have proven the hypotheses that the SDGs provide a shared vision and a path for firms to begin proactively aligning firm-level CSR operations with both national and international objectives of sustainable development. Precisely, this CSR-SDG nexus is critical for increasing CSR’s contribution to sustainable development.
Generally, a variety of published papers and articles have mentioned and proven the correlation between green purchase intention, factors that might influence green purchase intentions, and SDG (Nekmahmud et al., 2022; Zu, 2023; Aldieri et al. Furthermore, it is also known as an attribute of the process of developing a circular economy model. According to Kirchherr et al. (2017), the circular economy is a consumption and production strategy that involves sharing, leasing, refurbishing, reusing, recycling, and repairing existing product material as long as possible, creating a closed-loop system where resources are continuously cycled within the economy, minimizing waste and environmental impact.
The circular economy emphasizes the importance of waste and 2 product design in providing a targeted and well-defined solution to the material circularity challenge (Nguyen et al. Particularly, the Circular Economy methodology contributes to eliminating the conventional association between economic growth and adverse environmental effects (UNEP, 2011). At the micro level, Barros et al. (2021) argue that investing in circular economy-oriented R&D can help companies minimize their environmental footprint while also reducing the waste of resources and enhancing their reputation among both consumers and business partners.
At the macro level, Bocken et al. (2016) demonstrate that the circular economy has been used as a strategy to solve challenges related to sustainable development and bring positive impacts to the environment, society, and economics. By engaging people in economic activities, the circular economy taps into their potential and motivates them to participate. This, in turn, drives progress toward crucial goals like poverty reduction, environmental protection, and value creation (Grdic, 2020).
Green consumption is defined as a subset of sustainable consumption that includes the purchase and usage of ecologically friendly products that do not jeopardize users' health or the natural ecosystem (Zhang & Dong, 2020). Consumers all across the world are gradually migrating towards green, environmentally friendly items, viewing them as the norm for high-quality products and services (Tue, 2023). The need to shift consumption patterns toward sustainability in order to enhance environmental quality and actively adapt to climate change has been highlighted as urgent according to Vietnam’s socio-economic development strategy for 2011-2020. Thus, the growing trend toward green purchasing behaviour in Vietnam is becoming even more explicit.
From 2010 to 2017, eight green consumption campaigns took place in Ho Chi Minh City annually, with more than 70,000 volunteers taking part and over 4 million people pledged to respond to green consumption. During the month the campaign was launched, consumption of green products at the Co.op Mail supermarket chain climbed from 40%-60% (Research Journal and Scientific Voice of Ho Chi Minh National Academy of Politics, 2018). In order to promote green purchasing behaviour, it is first necessary to accelerate consumers’ green purchase intention, as it is a significant manifestation of green consumption (Zhuang et al. Over the last three decades, a rising number of 3 worldwide enterprises have engaged in green production and made efforts to boost customer intentions to consume these products (Guyader et al., 2017; Wei et al.
Having acknowledged that, numerous enterprises in Vietnam are involved in this trend; industry leaders such as Vingroup, Vinamilk, Bao Viet Holdings, BIDV, PAN Group, SASCO, Traphaco, Garment 10, PNJ, and TBS have been at the forefront of practicing corporate social responsibility and implementing sustainable development principles (VCCI, 2023). Regarding particular movements, in 2023, TH Group cooperated with Tetra Pak Vietnam to implement the program "thu gom VO hop, lan loa song xanh 2023" at TH True Mart store to actively encourage customers' green behaviour and intention to consume green products (VTC News, 2023). To encourage sustainable production and consumption, the Ministry of Industry and Trade of the Socialist Republic of Vietnam recently requested that the Prime Minister release Decision 889/QD-TTg, which approves the National Action Program on Sustainable Production and Consumption for the period 2021-2030 (Electronic Portal of the Ministry of Industry and Trade, 2023). Owing to this and the aforementioned context, this topic is chosen based on the drive to provide empirical findings with the aim of improving green purchase intention among young people in Vietnam in the wish to encourage eco-friendly consumption.
This study is expected to help provide marketers and managers with valuable insights and applicable recommendations for strategies to boost green purchase intention. Furthermore, the government may find the research valuable in recommending numerous variables that may be altered or applied to improve sustainable consumption and eventually move forward to achieve goals in practicing the circular economy and the SDGs. Research objectives and research questions This research aims to examine (1) the mediating role of customer green psychology in the relationship between corporate social responsibility (CSR) and green purchase intention; (2) the influence of customer green psychology (green trust, attitude toward green brand, environmental concern), and collectivism on green purchase intention; along with (3) the moderating effects of perceived price on these associations. The purpose is to determine whether companies' CSR, customer green psychology, and collectivism initiatives related to the environment influence 4 customers' pro-environmental attitudes and behaviours, leading to a greater intention to purchase green products, along with to what extent the perceived price of green products has an impact on former associations.
This research will go through the objectives mentioned to answer the following questions: 1. Does customer green psychology play a significant mediating role in the relationship between CSR and green purchase intention? 2. In the suggested framework, which factors have a significant effect on the purchase intention of Vietnamese people to consume green products? 3. Whether perceived price has moderating effects on the associations between customer green psychology, collectivism, and Vietnamese consumer green purchase intention? 1.
Research population This research population is defined based on the research objectives and the specific parameters or attributes under investigation. In this context, the selected research population pertains to young individuals in Vietnam. Firstly, this choice is predicated on accessibility. This demographic is readily reachable and accessible for data collection and engagement in research activities, which facilitates the smooth execution of the research.
Secondly, young individuals in Vietnam exhibit notable trends in excessive fast-moving consumer goods consumption. The prevalence of this behavior underscores the importance of the research, as it signifies a crucial target group to address in the pursuit of sustainable and green consumer practices. Research scope Respondents: Generation z and Zillennials who intend to purchase items and services that have a lower impact on human health and the environment as compared with competing products or services that serve the same function. Geographical range: This study only investigates those who are living and studying in Ho Chi Minh City.
5 Execution time: This study is observing the market and was conducted from 20/01/2024 to 25/01/2024 in Ho Chi Minh City. Methodology To address the research objectives, the study employs a quantitative methodology using a survey-based approach. Data will be collected through structured questionnaires administered to consumers in the target market. The questionnaire includes established scales to measure key constructs of corporate social responsibility, customer green psychology, collectivism, perceived price, and green purchase intention.
Demographic and psychographic information will also be gathered. The data will be analysed using statistical techniques such as correlation analysis, regression analysis, and structural equation modeling to test the hypothesised relationships between variables and mediation effects. The methodology allows for generalizing the findings to a broader population and providing actionable recommendations for marketing managers. Appropriate validity and reliability checks will be performed during questionnaire development and data analysis to ensure robust results.
Theory of Planned Behavior (TPB) Consumer purchasing intentions are influenced by three elements, according to the theory of consumer behavior (Engel et al.