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The Factors Affecting the Affluent Consumers Luxury Purchasing Behavior in China

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  • Xia Wang
  • Luqiong Tong

Abstract

China is fast becoming one of the most important luxury goods market. The purpose of this study is to investigate the determinants of luxury purchasing behavior in the Chinese affluent market. Based on the logit analysis of 618 affluent respondents, the results show that social-adjustive motivation and life satisfaction are significantly associated with the purchasing of luxuries. However, the value-expressive motivation, which has been verified that could drive the consumer buy luxury items, does not have significant effect on luxury purchasing behavior for the Chinese affluent consumers. In the meantime, the demographic characteristics of individual are significantly associated with his/her luxury purchasing behavior, and the younger affluent consumers with higher income and international education are more likely to buy more luxuries. It helps researchers and companies to understand the differences of the factors influencing luxury consumption between Chinese consumers and their global peers.

Suggested Citation

  • Xia Wang & Luqiong Tong, 2017. "The Factors Affecting the Affluent Consumers Luxury Purchasing Behavior in China," International Journal of Business and Management, Canadian Center of Science and Education, vol. 12(10), pages 194-194, September.
    • Handle: RePEc:ibn:ijbmjn:v:12:y:2017:i:10:p:194
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    References listed on IDEAS

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    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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