IDEAS home Printed from https://ideas.repec.org/a/eee/tefoso/v185y2022ics0040162522005534.html
   My bibliography  Save this article

The role of religiosity in product and technology acceptance: Evidence from COVID-19 vaccines

Author

Listed:
  • Bullini Orlandi, Ludovico
  • Febo, Valentina
  • Perdichizzi, Salvatore

Abstract

Previous research on religion and economic phenomena has suggested that religious attitudes are related to risk aversion. Moreover, risk attitudes play a significant role in the adoption and diffusion of technological innovations. However, the role of religiosity in technology-related phenomena is still relatively unexplored. The present study fills this gap and investigates the impact of religiosity on the acceptance of innovative technologies and products in the context of the COVID-19 pandemic. Specifically, we frame COVID-19 vaccines as new products based on innovative production technologies and show that their acceptance by the general public is negatively associated with country-level religiosity. Furthermore, we investigate the role of religious leaders in endorsing COVID-19 vaccines to their followers. Our hypotheses are empirically tested on 1179 weekly observations of vaccination rates in 22 European countries characterised by different levels of religiosity. The results suggest that religiosity is negatively associated with vaccine rates after controlling for country-level social and economic factors. Conversely, the countries where Roman Catholics are the majority religious group display a positive association between religiosity and vaccine rates, highlighting the role of leaders in endorsing the COVID-19 vaccination campaign.

Suggested Citation

  • Bullini Orlandi, Ludovico & Febo, Valentina & Perdichizzi, Salvatore, 2022. "The role of religiosity in product and technology acceptance: Evidence from COVID-19 vaccines," Technological Forecasting and Social Change, Elsevier, vol. 185(C).
  • Handle: RePEc:eee:tefoso:v:185:y:2022:i:c:s0040162522005534
    DOI: 10.1016/j.techfore.2022.122032
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0040162522005534
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.techfore.2022.122032?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Roland Bénabou & Davide Ticchi & Andrea Vindigni, 2015. "Religion and Innovation," American Economic Review, American Economic Association, vol. 105(5), pages 346-351, May.
    2. Hilary, Gilles & Hui, Kai Wai, 2009. "Does religion matter in corporate decision making in America?," Journal of Financial Economics, Elsevier, vol. 93(3), pages 455-473, September.
    3. Debecker, Alain & Modis, Theodore, 2021. "Poorly known aspects of flattening the curve of COVID-19," Technological Forecasting and Social Change, Elsevier, vol. 163(C).
    4. Chen, Hanwen & Huang, Henry He & Lobo, Gerald J. & Wang, Chong, 2016. "Religiosity and the cost of debt," Journal of Banking & Finance, Elsevier, vol. 70(C), pages 70-85.
    5. Kenneth Mulligan, 2006. "Pope John Paul II and Catholic Opinion Toward the Death Penalty and Abortion," Social Science Quarterly, Southwestern Social Science Association, vol. 87(3), pages 739-753, September.
    6. Rabik Ar Chatterjee & Jehoshua Eliashberg, 1990. "The Innovation Diffusion Process in a Heterogeneous Population: A Micromodeling Approach," Management Science, INFORMS, vol. 36(9), pages 1057-1079, September.
    7. Laurence R. Iannaccone, 1998. "Introduction to the Economics of Religion," Journal of Economic Literature, American Economic Association, vol. 36(3), pages 1465-1495, September.
    8. Roland Bénabou & Davide Ticchi & Andrea Vindigni, 2022. "Forbidden Fruits: The Political Economy of Science, Religion, and Growth [Economic Backwardness in Political Perspective]," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 89(4), pages 1785-1832.
    9. Laurence R. Iannaccone, 1998. "Corrigenda [Introduction to the Economics of Religion]," Journal of Economic Literature, American Economic Association, vol. 36(4), pages 1941-1941, December.
    10. Elke U. Weber & Richard A. Milliman, 1997. "Perceived Risk Attitudes: Relating Risk Perception to Risky Choice," Management Science, INFORMS, vol. 43(2), pages 123-144, February.
    11. McCleary, Rachel & Barro, Robert, 2003. "Religion and Economic Growth across Countries," Scholarly Articles 3708464, Harvard University Department of Economics.
    12. Latkin, Carl A. & Dayton, Lauren & Yi, Grace & Konstantopoulos, Arianna & Boodram, Basmattee, 2021. "Trust in a COVID-19 vaccine in the U.S.: A social-ecological perspective," Social Science & Medicine, Elsevier, vol. 270(C).
    13. Cloos, Janis & Mohr, Svenja, 2022. "Acceptance of data sharing in smartphone apps from key industries of the digital transformation: A representative population survey for Germany," Technological Forecasting and Social Change, Elsevier, vol. 176(C).
    14. Tatishe M. Nteta & Kevin J. Wallsten, 2012. "Preaching to the Choir? Religious Leaders and A merican Opinion on Immigration Reform," Social Science Quarterly, Southwestern Social Science Association, vol. 93(4), pages 891-910, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Wang, Jimin & Wang, Cong, 2021. "Can religions explain cross country differences in innovative activities?," Technovation, Elsevier, vol. 107(C).
    2. Kirchmaier, Isadora & Prüfer, Jens & Trautmann, Stefan T., 2018. "Religion, moral attitudes & economic behavior," Other publications TiSEM 669f51df-0d23-4657-8b16-5, Tilburg University, School of Economics and Management.
    3. Hsieh, Wen-Liang G. & Wu, Wei-Shao & Tu, Anthony H., 2022. "Religiosity and sovereign credit quality," Journal of Empirical Finance, Elsevier, vol. 68(C), pages 84-103.
    4. Kirchmaier, Isadora & Prüfer, Jens & Trautmann, Stefan T., 2018. "Religion, moral attitudes and economic behavior," Journal of Economic Behavior & Organization, Elsevier, vol. 148(C), pages 282-300.
    5. Ji, Yaling, 2020. "Religiosity and the adoption of formal financial services," Economic Modelling, Elsevier, vol. 89(C), pages 378-396.
    6. Lamia Chourou & Luo He & Ligang Zhong, 2020. "Does religiosity enhance the quality of management earnings forecasts?," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 47(7-8), pages 910-948, July.
    7. Kejing Chen & Wenqi Guo & Yanling Kang & Qingqing Wan, 2021. "Does religion improve corporate environmental responsibility? Evidence from China," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 28(2), pages 808-818, March.
    8. Jeanet Sinding Bentzen & Gunes Gokmen, 2023. "The power of religion," Journal of Economic Growth, Springer, vol. 28(1), pages 45-78, March.
    9. Jinghua Wang & Jiankun Lu, 2021. "Religion and corporate tax compliance: evidence from Chinese Taoism and Buddhism," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 11(2), pages 327-347, June.
    10. Min Maung & Zhenyang Tang & Xiaowei Xu, 2020. "Religion and venture investing: A cross‐country analysis," The Financial Review, Eastern Finance Association, vol. 55(3), pages 433-460, August.
    11. Leon Zolotoy & Don O’Sullivan & Keke Song, 2021. "The Role of Ethical Standards in the Relationship Between Religious Social Norms and M&A Announcement Returns," Journal of Business Ethics, Springer, vol. 170(4), pages 721-742, May.
    12. Bentzen, Jeanet Sinding, 2021. "In crisis, we pray: Religiosity and the COVID-19 pandemic," Journal of Economic Behavior & Organization, Elsevier, vol. 192(C), pages 541-583.
    13. Baele, Lieven & Farooq, Moazzam & Ongena, Steven, 2014. "Of religion and redemption: Evidence from default on Islamic loans," Journal of Banking & Finance, Elsevier, vol. 44(C), pages 141-159.
    14. Zhiyang Liu & Zuhui Xu & Zhao Zhou & Yong Li, 2019. "Buddhist entrepreneurs and new venture performance: the mediating role of entrepreneurial risk-taking," Small Business Economics, Springer, vol. 52(3), pages 713-727, March.
    15. Charles Noussair & Stefan Trautmann & Gijs Kuilen & Nathanael Vellekoop, 2013. "Risk aversion and religion," Journal of Risk and Uncertainty, Springer, vol. 47(2), pages 165-183, October.
    16. Al-Khazali, Osamah & Bouri, Elie & Roubaud, David & Zoubi, Taisier, 2017. "The impact of religious practice on stock returns and volatility," International Review of Financial Analysis, Elsevier, vol. 52(C), pages 172-189.
    17. Enrico Berkes & Davide M. Coluccia & Gaia Dossi & Mara P. Squicciarini, 2023. "Dealing with adversity: Religiosity or science? Evidence from the great influenza pandemic," POID Working Papers 068, Centre for Economic Performance, LSE.
    18. Thomas R. Berry-Stölzle & Jianren Xu, 2022. "Local religious beliefs and insurance companies’ risk-taking behaviour," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 47(2), pages 242-278, April.
    19. Mr. Ashraf Khan, 2018. "A Behavioral Approach to Financial Supervision, Regulation, and Central Banking," IMF Working Papers 2018/178, International Monetary Fund.
    20. Jay Cai & Guifeng Shi, 2019. "Do Religious Norms Influence Corporate Debt Financing?," Journal of Business Ethics, Springer, vol. 157(1), pages 159-182, June.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:tefoso:v:185:y:2022:i:c:s0040162522005534. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.sciencedirect.com/science/journal/00401625 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.