Submitted:
19 June 2024
Posted:
20 June 2024
You are already at the latest version
Abstract
Keywords:
1. Introduction
2. Literature Review
3. Materials and Method
4. Results and Findings
| Theme | Description |
|---|---|
| Credibility and Trustworthiness | Participants emphasized the importance of certification credibility in influencing trust. They perceived certifications as indicators of ethical sourcing practices and were more likely to trust products bearing recognized certifications. |
| Transparency and Communication | Transparency in certification processes and clear communication about ethical standards were crucial factors influencing consumer perceptions. Lack of transparency could lead to skepticism and reduced trust in certifications. |
| Perceived Value and Benefits | Consumers viewed certified products as offering higher value due to perceived benefits such as environmental sustainability, fair labor practices, and product quality assurance. These perceptions positively influenced purchase intentions. |
| Theme | Description |
|---|---|
| Certification Standards | Stringent certification standards and third-party verification were perceived as enhancing trust. Participants valued certifications backed by credible organizations with rigorous evaluation criteria. |
| Brand Reputation | Established brand reputation and history of ethical practices contributed significantly to consumer trust in certifications. Consumers preferred well-known brands with a track record of social responsibility. |
| Personal Values and Beliefs | Alignment of certification values with personal values and ethical beliefs played a crucial role in building consumer trust. Consumers were more likely to trust certifications that resonated with their ethical concerns and sustainability preferences. |
| Theme | Description |
|---|---|
| Purchase Intentions | Certifications positively influenced participants’ purchase intentions, particularly among conscientious consumers seeking ethical and sustainable products. Participants were more willing to pay a premium for certified products. |
| Brand Loyalty | Certified products were associated with increased brand loyalty, with participants expressing a preference for brands with transparent certification processes and sustainable practices. |
| Competitive Advantage | Companies with supply chain certifications gained a competitive advantage by differentiating themselves in the market and attracting socially conscious consumers. |
| Theme | Description |
|---|---|
| Cost and Resource Constraints | High certification costs and resource-intensive compliance requirements posed significant barriers to adoption, particularly for small and medium-sized enterprises (SMEs). Participants highlighted the financial burden of certification as a major deterrent. |
| Complexity of Certification | Complex certification processes and varying standards across different certification bodies created confusion and compliance challenges for companies. Lack of standardization in certification criteria was perceived as a barrier. |
| Consumer Skepticism | Consumer skepticism and lack of awareness about certification meanings and benefits were identified as challenges. Participants noted the need for improved consumer education and awareness campaigns. |
5. Discussion
6. Conclusion
References
- Adams, R. B., & Ferreira, D. (2009). Women in the boardroom and their impact on governance and performance. Journal of Financial Economics, 94(2), 291-309. [CrossRef]
- Bagozzi, R. P., & Yi, Y. (1988). On the evaluation of structural equation models. Journal of the Academy of Marketing Science, 16(1), 74-94. [CrossRef]
- Barney, J. B., & Hansen, M. H. (1994). Trustworthiness as a source of competitive advantage. Strategic Management Journal, 15(S1), 175-190. [CrossRef]
- Bauman, C. W., & Skitka, L. J. (2012). Corporate social responsibility as a source of employee satisfaction. Research in Organizational Behavior, 32, 63-86. [CrossRef]
- Bhattacharya, C. B., & Sen, S. (2003). Consumer-company identification: A framework for understanding consumers’ relationships with companies. Journal of Marketing, 67(2), 76-88. [CrossRef]
- Bhattacharya, C. B., Sen, S., & Korschun, D. (2008). Using corporate social responsibility to win the war for talent. MIT Sloan Management Review, 49(2), 37-44. Available online: https://sloanreview.mit.edu/article/using-corporate-social-responsibility-to-win-the-war-for-talent/.
- Carrigan, M., & Attalla, A. (2001). The myth of the ethical consumer—Do ethics matter in purchase behaviour? Journal of Consumer Marketing, 18(7), 560-577. [CrossRef]
- Casado-Vara, R., Martínez-Conesa, I., Sánchez-García, J. C., & Cegarra-Navarro, J. G. (2020). The relationship between certifications and the implementation of quality management systems in organizations: Empirical evidence from Spain. Sustainability, 12(9), Article 3793. [CrossRef]
- Chen, Y., Ganesan, S., & Liu, Y. (2009). Does a firm’s product-recall strategy affect its financial value? An examination of strategic alternatives during product-harm crises. Journal of Marketing, 73(6), 214-226. [CrossRef]
- Delmas, M. A., & Burbano, V. C. (2011). The drivers of greenwashing. California Management Review, 54(1), 64-87. [CrossRef]
- Dickson, M. A., & Eckman, M. (2006). Green marketing: Challenges and opportunities for the new marketing age. Journal of Strategic Marketing, 14(4), 297-311. [CrossRef]
- Doney, P. M., & Cannon, J. P. (1997). An examination of the nature of trust in buyer-seller relationships. Journal of Marketing, 61(2), 35-51. [CrossRef]
- Egri, C. P., & Herman, S. (2000). Leadership in the North American environmental sector: Values, leadership styles, and contexts of environmental leaders and their organizations. Academy of Management Journal, 43(4), 571-604. [CrossRef]
- Elg, U., Jansson, A., & Olsson, U. H. (2011). Understanding supply chain resilience in a global sourcing context. Supply Chain Management: An International Journal, 16(3), 159-167. [CrossRef]
- Emon, M. H. (2023). A systematic review of the causes and consequences of price hikes in Bangladesh. Review of Business and Economics Studies, 11(2), 49-58.
- Fornell, C., & Larcker, D. F. (1981). Evaluating structural equation models with unobservable variables and measurement error. Journal of Marketing Research, 18(1), 39-50. [CrossRef]
- Griskevicius, V., Tybur, J. M., & Van den Bergh, B. (2010). Going green to be seen: Status, reputation, and conspicuous conservation. Journal of Personality and Social Psychology, 98(3), 392-404. [CrossRef]
- Hair, J. F., Jr., Hult, G. T. M., Ringle, C. M., & Sarstedt, M. (2017). A primer on partial least squares structural equation modeling (PLS-SEM) (2nd ed.). Sage.
- Handfield, R. B., & Nichols, E. L. (1999). Introduction to supply chain management. Prentice Hall.
- Hart, S. L., & Ahuja, G. (1996). Does it pay to be green? An empirical examination of the relationship between emission reduction and firm performance. Business Strategy and the Environment, 5(1), 30-37. [CrossRef]
- Emon, M. M. H., Khan, T., Rahman, M. A., Bukari, Z., & Chowdhury, M. S. A. (2024). Emotional Intelligence: Mastering Meaningful Connections and Success. Notion Press.
- Hatanaka, M., Bain, C., & Busch, L. (2005). Third-party certification in the global agrifood system. Food Policy, 30(3), 354-369. [CrossRef]
- Heide, J. B., & John, G. (1992). Do norms matter in marketing relationships? Journal of Marketing, 56(2), 32-44. [CrossRef]
- Henseler, J., Ringle, C. M., & Sarstedt, M. (2015). A new criterion for assessing discriminant validity in variance-based structural equation modeling. Journal of the Academy of Marketing Science, 43(1), 115-135. [CrossRef]
- Jap, S. D., & Ganesan, S. (2000). Control mechanisms and the relationship life cycle: Implications for safeguarding specific investments and developing commitment. Journal of Marketing Research, 37(2), 227-245. [CrossRef]
- Katsikeas, C. S., Skarmeas, D., & Bello, D. C. (2009). Developing successful trust-based international exchange relationships. Journal of International Business Studies, 40(1), 132-155. [CrossRef]
- Khan, T., Khanam, S. N., Rahman, M. H., & Rahman, S. M. (2019). Determinants of microfinance facility for installing solar home system (SHS) in rural Bangladesh. Energy Policy, 132, 299–308. [CrossRef]
- Khan, T., Rahman, S. M., & Hasan, M. M. (2020). Barriers to Growth of Renewable Energy Technology in Bangladesh. Proceedings of the International Conference on Computing Advancements, 1–6. [CrossRef]
- Kim, A. J., & Ferguson, R. (2018). Social media and health information sharing among Australian Indigenous people. Health Promotion International, 33(3), 465-476. [CrossRef]
- Emon, M.H., & Nipa, M.N. (2024). Exploring the Gender Dimension in Entrepreneurship Development: A Systematic Literature Review in the Context of Bangladesh. Westcliff International Journal of Applied Research, 8(1), 34–49.
- Kim, Y., & Srivastava, R. K. (2007). Impact of organizational learning capability on firm performance: Evidence from Korean manufacturing firms. Academy of Management Journal, 50(2), 462-476. [CrossRef]
- Kumar, N., Scheer, L. K., & Steenkamp, J. B. E. M. (1995). The effects of perceived interdependence on dealer attitudes. Journal of Marketing Research, 32(3), 348-356. [CrossRef]
- Lachowetz, T., & Wiedmann, K. P. (2020). Using narratives to drive innovation and marketing in the fashion industry. Journal of Global Fashion Marketing, 11(4), 362-377. [CrossRef]
- Lado, A. A., Boyd, N. G., Wright, P., & Kroll, M. (2006). Paradox and theorizing within the resource-based view. Academy of Management Review, 31(1), 115-131. [CrossRef]
- Lambert, D. M., & Pohlen, T. L. (2001). Supply chain metrics. International Journal of Logistics Management, 12(1), 1-19. [CrossRef]
- Lamberton, C., & Stephen, A. T. (2016). A thematic exploration of digital, social media, and mobile marketing: Research evolution from 2000 to 2015 and an agenda for future inquiry. Journal of Marketing, 80(6), 146-172. [CrossRef]
- Larcker, D. F., & Rusticus, T. O. (2010). On the use of instrumental variables in accounting research. Journal of Accounting and Economics, 49(3), 186-205. [CrossRef]
- Levinthal, D. A., & March, J. G. (1993). The myopia of learning. Strategic Management Journal, 14(S2), 95-112. [CrossRef]
- Li, H., & Zhang, J. (2007). Do high-tech firm’s stock prices fully reflect R&D expenses? Journal of Business Research, 60(11), 1193-1199. [CrossRef]
- Loureiro, M. L., & Lotade, J. (2005). Do fair trade and eco-labels in coffee wake up the consumer conscience? Ecological Economics, 53(1), 129-138. [CrossRef]
- Luchs, M. G., & Mooradian, T. A. (2012). Sex, personality, and sustainable consumer behaviour: Elucidating the gender effect. Journal of Consumer Behaviour, 11(4), 265-277. [CrossRef]
- Maltz, E., & Kohli, A. K. (2000). Reducing marketing’s conflict with other functions: The differential effects of integrating mechanisms. Journal of the Academy of Marketing Science, 28(4), 479-492. [CrossRef]
- Mena, S., & Palazzo, G. (2012). Input and output legitimacy of multi-stakeholder initiatives. Business Ethics Quarterly, 22(3), 527-556. [CrossRef]
- Mohr, L. A., & Webb, D. J. (2005). The effects of corporate social responsibility and price on consumer responses. Journal of Consumer Affairs, 39(1), 121-147. [CrossRef]
- Moorman, C., & Miner, A. S. (1998). Organizational improvisation and organizational memory. Academy of Management Review, 23(4), 698-723. [CrossRef]
- Morgan, R. M., & Hunt, S. D. (1994). The commitment-trust theory of relationship marketing. Journal of Marketing, 58(3), 20-38. [CrossRef]
- Narver, J. C., & Slater, S. F. (1990). The effect of a market orientation on business profitability. Journal of Marketing, 54(4), 20-35. [CrossRef]
- Parguel, B., Benoît-Moreau, F., & Larceneux, F. (2011). How sustainability ratings might deter ‘greenwashing’: A closer look at ethical corporate communication. Journal of Business Ethics, 102(1), 15-28. [CrossRef]
- Podsakoff, P. M., MacKenzie, S. B., Lee, J. Y., & Podsakoff, N. P. (2003). Common method biases in behavioral research: A critical review of the literature and recommended remedies. Journal of Applied Psychology, 88(5), 879-903. [CrossRef]
- Preuss, L. (2009). Addressing sustainability and consumption. Corporate Social Responsibility and Environmental Management, 16(1), 1-7. [CrossRef]
- Pujari, D., Wright, G., & Peattie, K. (2009). Green and competitive: Influences on environmental new product development performance. Journal of Business Research, 62(11), 1052-1061. [CrossRef]
- Rahman, M. A., Khan, T., Emon, M. M. H., Bukari, Z., & Nath, A. (2024). The New Marketing Paradigm: From Traditional to Digital. In Notion Press.
- Rahman, S., Taghizadeh, S. K., & Ramayah, T. (2015). The impact of perceived risk on purchase intention in online shopping of electronics. Proceedings of the International Conference on E-Commerce (ICoEC) 2015. Springer. [CrossRef]
- Reed, D., & Freeman, R. E. (2020). Creating a world-class corporate governance system: An interview with Dr. George M. Hodge. Journal of Business Ethics, 164(1), 1-7. [CrossRef]
- Rezai, G., Naini, K. A., Rezai, H. B., & Gharneh, N. Z. (2018). The impact of digital transformation on the improvement of supply chain management performance. Computers in Industry, 101, 103-117. [CrossRef]
- Emon, M.M.H., & Khan, T. (2023). The Impact of Cultural Norms on Sustainable Entrepreneurship Practices in SMEs of Bangladesh. Indonesian Journal of Innovation and Applied Sciences (IJIAS), 3(3), 201–209.
- Rindfleisch, A., Malter, A. J., Ganesan, S., & Moorman, C. (2008). Cross-sectional versus longitudinal survey research: Concepts, findings, and guidelines. Journal of Marketing Research, 45(3), 261-279. [CrossRef]
- Sanchez, R., Heene, A., & Thomas, H. (1996). Introduction: Towards the theory and practice of competitiveness. In R. Sanchez, A. Heene, & H. Thomas (Eds.), Dynamics of Competitiveness (pp. 1-20). Elsevier.
- Simmons, C. J., McQuilken, L., & Manolis, C. (2010). Evaluating corporate social responsibility communication on social media. Journal of Corporate Citizenship, 2010(37), 73-94. [CrossRef]
- Sirieix, L., Delanchy, M., Remaud, H., & Zepeda, L. (2013). Consumer perceptions of eco-friendly versus conventional wines in France. International Journal of Wine Business Research, 25(1), 35-51. [CrossRef]
- Srinivasan, S. R., Lilien, G. L., & Rangaswamy, A. (2006). Technological opportunism and radical technology adoption: An application to e-business. Journal of Marketing, 70(2), 1-18. [CrossRef]
- Emon, M.M.H., Khan, T., & Siam, S.A.J. (2024). Quantifying the influence of supplier relationship management and supply chain performance: an investigation of Bangladesh’s manufacturing and service sectors. Brazilian Journal of Operations & Production Management, 21(2), 2015. [CrossRef]
- Stevenson, M., & Pirog, S. F. (2021). Sourcing sustainable seafood: Consumer motivations and barriers. Appetite, 161, Article 105130. [CrossRef]
- Sun, T., You, J., & Song, Y. (2020). The impact of social media on green purchase intention: The mediating role of consumer risk perception and the moderating role of product knowledge. Frontiers in Psychology, 11, Article 2101. [CrossRef]
- Vachon, S., & Klassen, R. D. (2008). Environmental management and manufacturing performance: The role of collaboration in the supply chain. International Journal of Production Economics, 111(2), 299-315. [CrossRef]
- Van de Ven, A. H., & Poole, M. S. (1995). Explaining development and change in organizations. Academy of Management Review, 20(3), 510-540.
- Vermeir, I., & Verbeke, W. (2006). Sustainable food consumption: Exploring the consumer “attitude – behavioral intention” gap. Journal of Agricultural and Environmental Ethics, 19(2), 169-194. [CrossRef]
- Waddock, S. A., & Graves, S. B. (1997). The corporate social performance-financial performance link. Strategic Management Journal, 18(4), 303-319.
Disclaimer/Publisher’s Note: The statements, opinions and data contained in all publications are solely those of the individual author(s) and contributor(s) and not of MDPI and/or the editor(s). MDPI and/or the editor(s) disclaim responsibility for any injury to people or property resulting from any ideas, methods, instructions or products referred to in the content. |
© 2024 by the author. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (http://creativecommons.org/licenses/by/4.0/).