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Luxury Ethical Consumers: Who Are They?
- Source :
- Journal of Business Ethics. 183:805-838
- Publication Year :
- 2021
- Publisher :
- Springer Science and Business Media LLC, 2021.
-
Abstract
- Building on a model of the biological, socio-psychological, and structural drivers of luxury consumption, this article explores when and why luxury consumers consider ethics in their luxury consumption practices, to identify differences in their ethical and ethical luxury consumption. The variables proposed to explain these differences derive from biological, socio-psychological, and structural drivers, namely, consumers’ (1) age, (2) ethicality, (3) human values, (4) motivations, and (5) assumptive world. A cluster analysis of a sample of 706 U.S. adult luxury consumers reveals five segments of luxury consumers, each reflecting a specific persona, that engage in both ethical and ethical luxury consumption to varying extents. The five segments differ in the extent to which they exhibit features related to four discriminant functions (immorality, ego-orientation, and strain; altruistic-orientation; conservation, in control, and positivity; and youth and luxury savvy), which vary across the biological, socio-psychological, and structural drivers. The findings thus indicate which segments of luxury consumers are most relevant for luxury firms pursuing a long-term sustainability agenda and suggest practical actions to reach those goals.
- Subjects :
- Consumption (economics)
Economics and Econometrics
Immorality
Consumption practices
Control (management)
Sample (statistics)
Persona
General Business, Management and Accounting
Ethical luxury consumption
Arts and Humanities (miscellaneous)
Sustainability
Business
Business and International Management
Marketing
Business ethics
Luxury consumption
Law
Subjects
Details
- ISSN :
- 15730697 and 01674544
- Volume :
- 183
- Database :
- OpenAIRE
- Journal :
- Journal of Business Ethics
- Accession number :
- edsair.doi.dedup.....8ba69721fe213cc6418f734a56935f82
- Full Text :
- https://doi.org/10.1007/s10551-021-04981-3