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Research on the Purchase Intention and Behavior of Inherent Defects Insurance in Construction Quality: Evidence from China

In: Proceedings of the 2024 3rd International Conference on Public Service, Economic Management and Sustainable Development (PESD 2024)

Author

Listed:
  • Hongjuan Wu

    (Chongqing University, School of Management Science and Real Estate)

  • Ying Chen

    (Chongqing University, School of Management Science and Real Estate)

  • Pengpeng Xu

    (Chongqing University, School of Management Science and Real Estate)

  • Siyang Zhang

    (Chongqing University, School of Management Science and Real Estate)

  • Haona Yao

    (Chongqing University, School of Management Science and Real Estate)

Abstract

Based on the Theory of Planned Behavior (TPB), a theoretical model of Inherent Defects Insurance (IDI) purchase intention and behavior was constructed. Data were collected through questionnaires and Structural Equation Modeling (SEM) was used to explore the factors influencing the intentions and behaviors of IDI purchase in construction units. The results indicate that subjective norms and perceived behavioral control have a direct impact on purchase intention, which, in turn, directly affects purchase behavior. These findings provide valuable theoretical insights for the formulation of policies aimed at enhancing construction units’ motivation for IDI insurance and promoting the development of IDI.

Suggested Citation

  • Hongjuan Wu & Ying Chen & Pengpeng Xu & Siyang Zhang & Haona Yao, 2024. "Research on the Purchase Intention and Behavior of Inherent Defects Insurance in Construction Quality: Evidence from China," Advances in Economics, Business and Management Research, in: Qiujing Wu & Songsong Liu & Guoliang Wang & Jia Li (ed.), Proceedings of the 2024 3rd International Conference on Public Service, Economic Management and Sustainable Development (PESD 2024), pages 654-661, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-598-0_71
    DOI: 10.2991/978-94-6463-598-0_71
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