The Journal of Information Systems (한국정보시스템학회지:정보시스템연구)
- Volume 14 Issue 2
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- Pages.155-172
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- 2005
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- 1229-8476(pISSN)
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- 2733-8770(eISSN)
Loyalty of On-line Stock Trading Customers
온라인 증권거래 고객의 충성도
Abstract
Securities companies which faced with severe competition should not only attract new customers but also retain their on-line customers. This study examines the factors affecting loyalty of on-line stock trading customers. The research model based on the previous studies was established and the research hypotheses were generated. The test results based on the data gathered from 87 users of on-line stock trading services show that user satisfaction, learning cost, transaction fees, and reputation influence customer loyalty. User satisfaction, learning cost and reputation are positively related to customer loyalty, whereas transaction fee is negatively related to customer loyalty. The results also support that information quality and system quality are positively related to user satisfaction. The hypothesis that transaction fee is related to user satisfaction is not supported. There is no significant information to say that security risk is related to user satisfaction. It is considered that the study results may help managers to increase customer retention.
Keywords
- On-line Stock Trading;
- Customer Loyalty;
- User Satisfaction;
- Learning Cost;
- Information Qualify;
- System Quality