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Winning strategies for customer loyalty in the sharing economy: A mixed-methods study

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  • Akhmedova, Anna
  • Marimon, Frederic
  • Mas-Machuca, Marta

Abstract

Loyalty is key for sharing economy (SE) platforms, as their success depends on gaining and retaining a critical mass of users. Using a sequential design of quantitative (exploratory factor analysis) and mixed methods (qualitative comparative analysis), a sample of 208 users of SE platforms was analysed. The results indicate that loyalty is achieved at the intersection of website (app) organisation, platform responsiveness and reliability, and customer interaction with the peer service provider. Three strategies are proposed to achieve loyalty, each comprising two out of the three mentioned antecedents. Sensitivity analysis of the loyalty antecedents suggests specific customer segments (millennials versus baby boomers and males versus females).

Suggested Citation

  • Akhmedova, Anna & Marimon, Frederic & Mas-Machuca, Marta, 2020. "Winning strategies for customer loyalty in the sharing economy: A mixed-methods study," Journal of Business Research, Elsevier, vol. 112(C), pages 33-44.
    • Handle: RePEc:eee:jbrese:v:112:y:2020:i:c:p:33-44
    DOI: 10.1016/j.jbusres.2020.02.046
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    2. Xu, Yu & Hazée, Simon & So, Kevin Kam Fung & Li, K. Daisy & Malthouse, Edward Carl, 2021. "An evolutionary perspective on the dynamics of service platform ecosystems for the sharing economy," Journal of Business Research, Elsevier, vol. 135(C), pages 127-136.
    3. Shiu-Li Huang & Ming-Yen Kuo, 2020. "Critical success factors in the sharing economy: a customer perspective," Service Business, Springer;Pan-Pacific Business Association, vol. 14(4), pages 553-576, December.
    4. Weng Marc Lim & Gaurav Gupta & Baidyanath Biswas & Rohit Gupta, 2022. "Collaborative consumption continuance: a mixed-methods analysis of the service quality-loyalty relationship in ride-sharing services," Electronic Markets, Springer;IIM University of St. Gallen, vol. 32(3), pages 1463-1484, September.
    5. Belhadi, Amine & Kamble, Sachin & Benkhati, Imane & Gupta, Shivam & Mangla, Sachin Kumar, 2023. "Does strategic management of digital technologies influence electronic word-of-mouth (eWOM) and customer loyalty? Empirical insights from B2B platform economy," Journal of Business Research, Elsevier, vol. 156(C).
    6. Oliver Rossmannek, 2022. "When do service suppliers leave their platform?—The role of friendships," Review of Managerial Science, Springer, vol. 16(5), pages 1311-1334, July.
    7. Stella Yiyan Li & Antje R. H. Graul & John Jianjun Zhu, 2024. "Investigating the disruptiveness of the sharing economy at the individual consumer level: How consumer reflexivity drives re-engagement in sharing," Journal of the Academy of Marketing Science, Springer, vol. 52(1), pages 164-195, January.
    8. Venkateswaran, Viswanathan & S Kumar, Deepak & Gupta, Deepak, 2021. "‘To Trust or Not’: Impact of camouflage strategies on trust in the sharing economy," Journal of Business Research, Elsevier, vol. 136(C), pages 110-126.
    9. Xiaoxiang Wang & Songling Wu & Lixiang Zhao, 2023. "Research on the Improvement Path of Total Factor Productivity in the Industrial Software Industry: Evidence from Chinese Typical Firms," Mathematics, MDPI, vol. 11(24), pages 1-26, December.
    10. Davlembayeva, Dinara & Papagiannidis, Savvas & Alamanos, Eleftherios, 2021. "Sharing economy platforms: An equity theory perspective on reciprocity and commitment," Journal of Business Research, Elsevier, vol. 127(C), pages 151-166.
    11. Scuotto, V. & Le Loarne Lemaire, S. & Magni, D. & Maalaoui, A., 2022. "Extending knowledge-based view: Future trends of corporate social entrepreneurship to fight the gig economy challenges," Journal of Business Research, Elsevier, vol. 139(C), pages 1111-1122.
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    13. Andreas Reuschl & Victor Tiberius & Matthias Filser & Yixin Qiu, 2022. "Value configurations in sharing economy business models," Review of Managerial Science, Springer, vol. 16(1), pages 89-112, January.

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