THE EFFECT OF E-BANKING ON CUSTOMERS’ SATISFACTION IN FINANCIAL SERVICES: AN EMPIRICAL INVESTIGATION ON FINANCIAL SECTOR IN SAUDI ARABIA
Keywords:
Perceived Usefulness, Perceived Ease of Use, Perceived Credibility, Customer AttitudeAbstract
The aim of this study is to investigate the effect of e-banking on customers’ satisfaction in financial services in Saudi Arabia. The data of this study was collected from both international and national Saudi banks’ customers. The collected data then has been analyzed using the SPSS version 20. Consequently, the results showed that the perceived usefulness, perceived ease of use, perceived credibility, and customer attitude are positively and significantly affect customers satisfaction in Saud Arabia. The correlation analysis showed that there is a significant and positive relationship between E-banking factors and customers satisfactions in Saudi Arabia.
Downloads
References
AC Nielsen Consult (2002). China online Banking Study. Available at: http://estore. chinaonline .com /chinaolbanstu.html.
Ainin, S., Lim, C.H. & Wee, A. (2005). Prospects and challenges of e-banking in Malaysia, The Electronic Journal of Information Systems in Developing Countries, 22 (1), 1-11.
Almansour, Y. & Ibrahim, Y. (2010). Market and Companies Confidence Index and Their Relation with Stock Return in Kuala Lumpur Stock Exchange. International Postgraduate Business Journal, Vol. 2 (1), 61 – 72. http://www.oyagsb.uum.edu.my/index.php/ipbj-list-of-issue#4-year-2010
Al-Abed, S. (2003): Electronic Banking, available at http://www.bankersonline.com/technology/gurus_tech 081803d.html.
Aladwani, A. (2001). Online banking: a field study of drivers, development challenges, and expectations International Journal of Information Management, Vol. 21, pp. 213–225.
Al-Madi, F. (2010). The effects of E-banking on the Jordan Islamic Bank clients Satisfaction, Faculty of Economic & Administrative Sciences, Business Administration Department, The Hashemite University, Jordan.
Al-Somali, S., Gholami, A.R. & Clegg, B. (2009). An investigation into the acceptance of online banking in Saudi Arabia, Technovation, 29, 130–141.
Al-Sukkar, A.S. (2005). The Application of Information Systems in the Jordanian Banking Sector: a Study of the Acceptance of the Internet. Published doctoral thesis. Wollongong: University of Wollongong.
Ba, S., & Pavlou, P. A. (2002). Evidence of the effect of trust building technology in electronic markets: price premiums and buyer behavior. MIS Quarterly, 26( 3), 243- 268.
Bei, L., & Chiao, Y. (2001). An integrated model for the effects of perceived product, perceived service quality, and perceived price fairness on consumer satisfaction and loyalty. Journal of Satisfaction, Dissatisfaction, and Complaining Behavior, 14, 125-141.
Bloemer, J., & DeRuyter, K., & Peeters, P., )1998(. Investigating drivers of bank loyalty: the complex relationship between image, service quality and satisfaction. Int. J. Bank Mark.16, 276–286.
Boohene, R. & Agyapong, G.K.Q. (2011). Analysis of the Antecedents of Customer Loyalty of,Telecommunication Industry in Ghana: the Case of Vodafone (Ghana). Canadian Center of Science and Education.
Bradley, L. & Stewart, K. (2003). Delphi Study of Internet banking, MCB UP Limited
Burke, R. R. (2002). Technology and the customer interface: what consumers want in the physical and virtual store. Journal of the Academy of Marketing Science, 30(4), 411-432.
Charity-Commission. (2003), Guidelines On Electronic Banking, available at http/www.charity-commission.gov.uk.
Davis, F.D. (1989). Perceived usefulness, perceived ease of use, and user acceptance of information technology’, MIS Quarterly, 13(3), 319–340.
Erikkson, K., Kerem, K. & Nilsson, D. (2005). Customer acceptance of internet banking in Estonia, International Journal of Bank Marketing, 23 (2), 200-216.
Evanschitzky, H. & Plassmann, H.( 2006). Affective and Calculative Commitment as Antecedents of Customer Loyalty. American Marketing Association.
Gailly B. & Philippart A.-J. (2004). Internet banking and SME: an exploratory Study.CRECIS Center for REsearch in Change, Innovation and Strategy.
Gil, S..,& Hudson, S., & Quintana, T. (2006). The Influence of Service Recovery and Loyalty on Perceived Service Quality: A Study of Hotel Customers in Spain. Journal of Hospitality Marketing & Management, 14(2), 47-68.
Hain, D., Tootell, H. and Alcock, C, (2002).Understanding Attitudes towards Internet Banking, in Proceedings of CollECTeR 2002, Seventh Annual CollECTeR Conference, Electronic Commerce, in Melbourne, Australia.
Hair, J., & Anderson, E., & Tatham, R. & Black, C. (1995) Multivariate Data Analysis, 3rd ed, Macmillan Publishing Company, New York.
Ibrahim, E.., Joseph, M. & Ibeh, K.I.N. (2006). Customers’ perception of electronic service delivery in the UK retail banking sector, International Journal of Bank Marketing, 24 ( 7), 4475-493.
Jahangir, N. & Begum, N. (2008). The role of perceived usefulness, perceived ease of use, security and privacy, and customer attitude to engender customer adaptation in the context of electronic banking, African Journal of Business Management, 2(1), 32-40.
Jalal, A., & Marzooq, J., & Nabi, H. (2011). Evaluating the Impacts of Online Banking Factors on Motivating the Process of E-banking, Journal of Management and Sustainability, Vol. 1, No. 1, pp.32-42.
Kamel, S. & Hassan, A. (2003). Assessing the introduction of electronic banking in Egypt using the technology acceptance model, Journal of Cases on Information Technology, 12(3), 31–43.
Khan, A.R. and Karim, M. (2010). E-Banking and extended risks: How to deal with the challenge, Paper Presented to the Department of Finance and Banking, Rajshahi University. 17.
Kolodinsky, J.M. & Hogarth, J.M. (2001). The adoption of electronic banking technologies by American consumers. Consumer Interests Annual, 47, 1–9.
Kuo, Y. & Ye, K. (2009). The causal relationship between service quality, corporate image and Adults, learning satisfaction and loyalty: a study of professional training programmes in a Taiwanese vocational institute’, Total Quality Management and Business Excellence. 20 (7), 749–762.
Lee, J., & Feick, L. (2001). The impact of switching costs on the customer satisfaction–loyalty link: Mobile phone service in France. Journal of Services Marketing, 15, 35–48.
Liao, Z and Cheung, M.T. (2008). Measuring Customer Satisfaction in Internet Banking, a Core Framework. Communications of the ACM, Vol. 51, (4), 47-51.
Liao, Z. & Cheung, M.T. (2002). Internet-based e-banking and consumer attitudes: an empirical study, Journal of Information and Management, 39 (4), 283 – 295.
Liao, Z. & Cheung, M.T. (2003). Challenges to Internet E-Banking. Communications of the ACM, 46(12), 248–250.
Lichtenstein, S., and Williamson, K. , (2006). Understanding Consumer Adoption of Internet Banking: An Interpretive Study in the Australian Banking Context, Journal of Electronic Commerce Research (2), 50-66.
Maduku, D.. & Mpinganjira, M. (2012). Empirical investigation into customers, attitude towards usage of cell phone banking in Gauteng, South Africa’, Journal of Contemporary Management, 9: 172–189.
McCullagh, A., & Caelli, W.(2005). Who Goes There? Internet Banking: A Matter of Risk and Reward,” Information Security and Privacy, 3574/2005, Springer Berlin, Heidelberg.
Migdadi, M., & Al-Hujran, O. (2013). Public Acceptance of M-Government Services in Developing Countries: An Empirical Study, in Z. Mahmood (eds), E-Government Implementation and Practice in Developing Countries. IGI Global, UK.
Mittal, V.,& Wagner A. (2001), Satisfaction, Repurchase Intent, and Repurchase Behavior: Investigating the Moderating Effect of Customer Characteristics,” Journal of Marketing Research, 38 (February), 131–42.
Moon, J.M., & Kim, Y.G. (2001). Extending the TAM for a World-Wide-Web context’, Information and Management, 28, 217–230.
Narteh, B.(2012). Challenges of Marketing E-banking Services in a Developing Country: The Case of Ghana, Journal of Internet Banking and Commerce, August 2012, vol. 17,2 ,pp. 1- 21.
Narteh, B.(2012). Internal Marketing And Employee Commitment: Evidence From The Ghanaian Banking Industry. Journal Of Financial Services Marketing Vol. 17, 4, 284–300. Macmillan Publishers Ltd.
Narteh, B., & Kuada, J. (2014). Customer satisfaction with retail banking services in Ghana. Thunderbird International Business Review, 56(4), 353 - 371. 10.1002/tie.21626.
Ndubisi, O.N. & Sinti, Q. (2006). Consumer attitudes, system’s characteristics and internet banking (IB) adoption in Malaysia. Management Research News, 29(2), 16–27.
Pearce, J.A. & Robinson, R.B. (2009). Strategic Management – Formulation, Implementation, and Control (11th ed.), McGraw-Hill International Edition.
Phillips, J. (2007). Online Banking, in Handbook of Computer Networks, edited by Hossein Bidgoli, John Wiley and Sons, forthcoming.
Pikkarainen, T., Pikkarainen, K., Karjaluoto, H. & Pahnila, S. (2004). Consumer acceptance of online banking: an extension of the Technology Acceptance Model, Internet Research, 14(3), 224–235.
Polatoglu, V. & Ekin, S.(2001). An Empirical Investigation of the Turkish Consumers Acceptance of Internet Banking Services. International Journal of Bank Marketing, Vol. 19, (4),156-165.
Ravi, V., Carr, M. & Sagar, N.V. (2007). Profiling of internet banking users in India using intelligent techniques, Journal of Services Research, 7(1), 61–73.
Rotchanakitumnuai, S., & Speece, M.( 2003). Retail Banking Consumer Perceptions toward Thai Internet Banking, The Eighth International Conference on Marketing and Development, Bangkok, Thailand, 4-7.
Sarlak, M.A. & Hastiani, A.A.A. (2011). E-banking and Emerging Multidisciplinary Processes:Social, Economical and Organizational Models. Hershey: Igi Global.
Shah, M., & Siddiqui, F.(2006). Organisational success factors in adoption of e-banking at the Woolwich bank, International Journal of Information Management, 26 (6), 442-456.
Shah, M.. & Siddiqui, F. (2006). Organisational success factors in adoption of e-banking at the Woolwich bank, International Journal of Information Management, 26 (6), 442-456.
Sommer, L. (2011). The Theory of Planned Behaviour and impact of past behavior, International Business and Economics Research Journal, 10(1), 91–110.
Sudarraj, .P., & Wu ,J. (2005), Using information-systems constructs to study online and telephone banking technologies, Electronic Commerce Research and Applications, Vol 4, pp.427–443.
Vatanasombut, B., Lgbaria, M., Stylianou, A. & Rodgers, W. (2008). Information system continuance intention of web based applications customers: the case of online banking. Information and Management 45(7), 419–428.
Vyas, Sh.(2008). Impact of E-Banking on Traditional Banking, Pacheri Bari, Jhunjhunu – 333515, Rajasthan, India.
Wang, Zhu. (2006). Online banking comes of age. Federal Reserve Bank of Kansas City Ten.Winter, 22-23.
Zahid, N., Mujtaba, A. & Riaz, A. (2010). Consumer acceptance of online banking, European Journal of Economics, Finance and Administrative Sciences, 27, 44-52.
Zoe, S. D. (2006). Customer satisfaction, loyalty and commitment in Service organizations. Management Research News, 39(12), 98.