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COVID-19-Induced Hoarding Intention Among the Educated Segment in Indonesia

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  • Jhanghiz Syahrivar
  • Genoveva Genoveva
  • Chairy Chairy
  • Siska Purnama Manurung

Abstract

The media commonly reports panic buying amid the COVID-19 pandemic. Panic buying occurs when people engage in hoarding of basic needs as well as protective materials, which drives scarcity and price increases. There are four variables integrated in this study which are COVID-19-induced hoarding intention, COVID-19-related attitude, COVID-19-related knowledge, and health locus of control. This study gathered 265 university professors from 25 prominent public and private universities in Indonesia. To our best knowledge, this is the first study that discusses hoarding intention during the pandemic among the educated segment. Structural Equation Modeling (SEM analysis) via AMOS software was employed to test the hypotheses. This study reveals that (a) a better knowledge about the COVID-19 pandemic increases vigilance toward the COVID-19 pandemic and (b) a higher external health locus of control increases the COVID-19-induced hoarding intention. The theoretical contributions as well as managerial implications of this study, especially to policy makers, are provided.

Suggested Citation

  • Jhanghiz Syahrivar & Genoveva Genoveva & Chairy Chairy & Siska Purnama Manurung, 2021. "COVID-19-Induced Hoarding Intention Among the Educated Segment in Indonesia," SAGE Open, , vol. 11(2), pages 21582440211, May.
    • Handle: RePEc:sae:sagope:v:11:y:2021:i:2:p:21582440211016904
    DOI: 10.1177/21582440211016904
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    Cited by:

    1. Ahmadi, Iman & Habel, Johannes & Jia, Miaolei & Wei, Sarah, 2022. "Consumer stockpiling under the impact of a global disaster: The evolution of affective and cognitive motives," Journal of Business Research, Elsevier, vol. 142(C), pages 56-71.
    2. Giulia Andrighetto & Aron Szekely & Andrea Guido & Michele Gelfand & Jered Abernathy & Gizem Arikan & Zeynep Aycan & Shweta Bankar & Davide Barrera & Dana Basnight-Brown & Anabel Belaus & Elizaveta Be, 2024. "Changes in social norms during the early stages of the COVID-19 pandemic across 43 countries," Nature Communications, Nature, vol. 15(1), pages 1-11, December.

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