This study aimed to measure the effect of perceived value on purchase intention of luxury goods among Angolan consumers. It also explored the moderating effect of consumer gender. Data were collected through a survey distributed to 130 consumers in North and South Angola, employing Smart-PLS for analysis. The results indicated that perceived social value was the most important determinant of purchase intentions for luxury goods, followed by perceived individual value. The study showed that consumer gender moderated the relationship between and individual value perception and social value perception on purchase intention. The research contributes to the literature, and this study is the first empirical test of a value structure for luxury goods in the Angolan market, so it allowed to better understand the disposition of these consumers in purchase intention according to the perceived value of luxury. Theoretical and practical implications will be discussed.
An efficient legal system facilitates the enforcement of guarantees, enables the recovery of non-performing loans and increases trust between creditors and borrowers. This study examines the effect of the legal environment and the profitability of the Angolan banking sector. Specifically, it analyses the influence of property rights and the rule of law on bank profitability in Angola. The study employs various econometric methods for analyzing panel data, such as Feasible Generalized Least Squares (FGLS), and instrumental variables models such as Two-Stage Least Squares (IV-2SLS), Generalized Method of Moments (IV-GMM) and Quantile Regression (MQREG). The study concludes that improving the legal environment by strengthening property rights and promoting the rule of law favours the profitability of Angolan banks. In terms of practical implications, this study shows that the legal environment in Angola is an important barrier to the promotion of credit in Angola, and, above all, to improving the profitability of banks. This study contributes to the scarce literature highlighting the relationship between the legal system and the Angolan banking sector, a topic that has been little explored in the context of African countries. Furthermore, the study awakens the dormant debate on the legal system and finance.
This study aims to understand the impact of financial, psychological, and social risk dimensions on attitude and intention to purchase counterfeit luxury goods. Data were collected through a questionnaire conducted with 116 Angolan consumers and were treated with structural equation modeling. The results revealed that only financial risk and social risk were influential in attitude toward counterfeit luxury goods. Attitude had a significant influence on the intention to purchase counterfeit luxury goods. The research contributes to the literature because there has been no previous study in an African country that seeks to understand the purchase intention of counterfeit luxury goods according to risk perception theory. On the other hand, this study is one of the few to report that social risk perception positively impacts attitudes towards counterfeit luxury goods.
Angola faces a number of challenges related to financial inclusion. The country's financial system is underdeveloped, with a low penetration of banks and a lack of access to basic financial services. However, access to financial services can be increased by the use of financial technology in which mobile payment is one of the instruments. Therefore, the aim of this research is to examine the effect of financial literacy and mobile payment on financial inclusion. The study also examined the role of risk perception in mobile payment adoption. Data was collected through a questionnaire administered to 282 consumers, employing Smart-PLS for analysis. The results indicated that financial literacy promotes financial inclusion. On the other hand, mobile payment adoption does not promote financial inclusion. Finally, risk perception has a negative impact on mobile payment adoption. The research contributes to the literature by supporting previous studies on the diffusion of technology and highlights the potential of mobile money as a tool to promote financial inclusion.
Angola's financial system is underdeveloped, with low bank penetration and a lack of access to essential financial services. Through financial literacy and financial inclusion, people can make informed decisions, better manage their money, access financial services, and improve their financial conditions, with the potential to reduce poverty and boost economic growth. The aim of this chapter is therefore to examine the effect of financial literacy and financial inclusion on financial behavior in Angola. The data was collected through a questionnaire administered to 282 Angolan consumers and was analyzed using structural equation modelling. The results indicated that financial literacy has a positive influence on financial behavior and financial inclusion. On the other hand, this study also revealed that financial inclusion does not influence financial behavior. The research contributes to the literature by supporting previous studies on the effect of financial literacy on financial behavior.
The main objective of this chapter is to focus on the emotional experience in luxury contexts in emerging economies. Consumer research literature currently lacks studies of consumer emotions in emerging economies, except for some relevant studies of emerging consumption in China. This chapter reports a systematic literature review of luxury and consumer emotions aiming at mapping the main trends of research on this topic. The results show that the predominant type of methodology in these studies is mainly quantitative versus qualitative and mixed. The studies consider various antecedents of emotions, environmental stimuli, such as familiarity with the brand, the physical aspect of the product, among others, and non-environmental stimuli such as quality of service, product quality, among others. The contexts of studies of consumer emotions are presented. Finally, the authors also identify the studies undertaken in emerging economies.