Miguel Llorens-Marin

Dr. Miguel Llorens-Marin

Marketing, Complutense University of Madrid, Madrid, Spain
orcid

Research Focus & Metrics

Academic Career Length

6Years (2021-Present)

(Calculated once Scilit publication data is synced: current year − year of first publication + 1)

Representative Publications

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29 November 2024 in Information
Verified
Journal Article
Open access
PDF file
Mario Arias-OlivaMario Arias-Oliva
Mario Arias-Oliva
JGJaume Gené
Jaume Gené
Jorge de Andrés-SánchezJorge de Andrés-Sánchez
Jorge de Andrés-Sánchez
MLMiguel Llorens-Marin
Miguel Llorens-Marin
(1) Background: Loyalty programmes are business strategies aimed at increasing customer fidelity to brands. One of the most promising technologies of the 21st century is blockchain, whose application to the management of loyalty programmes can increase transparency and reliability, enable interoperability, and facilitate centralised management. (2) Methods: This study evaluates the antecedents of the acceptance of blockchain-based loyalty programmes (BBLPs) using a model grounded in the technology acceptance model UTAUT2. The four basic constructs of UTAUT, which we call the UTAUT-baseline, are considered explanatory factors: performance expectancy (PER), effort expectancy (EFF), social influence (SOC), and facilitating conditions (FAC). Additionally, we consider the constructs introduced in UTAUT2: hedonic motivation (HED) and perceived price value (PRI), to which we add innovativeness (INN) and trust (TRU), and we refer to these as UTAUT-extended, along with the moderating variables of UTAUT and UTAUT2: gender, age, and experience. The analytical approach used is complexity theory, which aims to capture the configurations that lead to both acceptance and rejection positions regarding BBLPs. This analysis is performed via fuzzy set qualitative comparative analysis (fsQCA). (3) Results: Eight explanatory configurations of the acceptance of BBLPs have been obtained, in which the presence of all UTAUT-baseline and UTAUT-extended constructs is a condition in at least three prime implicates. The constructs with the greatest presence as core conditions are PER, EFF, and TRU. On the other hand, nine configurations leading to the rejection of BBLPs have been identified. The absence of all UTAUT-baseline and UTAUT-extended variables is a condition in at least three configurations. The core conditions with the greatest presence in the rejection of BBLPs are the lack of FAC, HED, and PRI. (4) Practical implications: The results obtained are of great interest to business owners, as they allow for the characterisation of different profiles of people potentially engaged with BBLPs, as well as the profiles of consumers reluctant to adopt them.

MLMiguel Llorens-Marin
Miguel Llorens-Marin
Adolfo HernándezAdolfo Hernández
Adolfo Hernández
MPMaría Puelles-Gallo
María Puelles-Gallo
This research tests the relationship between aspects of customer influenceability at the time of booking a hotel with the propensity to write a review in electronic word-of-mouth communication. A valid sample of 739 online questionnaires was obtained. An Exploratory Factor Analysis was conducted in order to reduce the dimensions of the two critical variables, and a measurement model was built. Then a Path analysis was carried out. The novelty of this research lies in measuring the evolution from being a passive eWOM reader to a proactive eWOM writer. Results indicate a relationship between being influenced by reading reviews and the propensity to write reviews. The most important underlying motivation to write a review is altruistic. Managers should try to identify the most responsive customers and encourage them to write reviews on altruistic grounds. This study effectively validated the impact of being responsive to reading reviews on the inclination to, in turn, write them. Findings contribute to the evolving research landscape in eWOM within the hospitality and tourism sector, offering practical insights for industry practitioners to formulate more effective strategies in soliciting and managing customer reviews.

28 December 2024 in Computers
Verified
Journal Article
Open access
PDF file
MSMar Souto-Romero
Mar Souto-Romero
Mario Arias-OlivaMario Arias-Oliva
Mario Arias-Oliva
Jorge de Andrés-SánchezJorge de Andrés-Sánchez
Jorge de Andrés-Sánchez
MLMiguel Llorens-Marin
Miguel Llorens-Marin
Blockchain technology has been highlighted as one of the most promising technologies to emerge in the 21st century. However, the expansion of blockchain applications is progressing much more slowly than initially expected, despite its promising properties. These considerations motivate this study, which evaluates the drivers that facilitate the adoption of this technology through blockchain-based loyalty programs (BBLPs). The analytical framework used is the conceptual groundwork known as the cognitive–affective–normative model. Thus, we propose to explain the behavioural intention to use BBLPs (BEHAV) with two cognitive variables, namely perceived usefulness (USEFUL) and perceived ease of use (EASE); two affective variables, namely positive emotions (PEMO) and negative emotions (NEMO); and a normative factor, namely, the subjective norm (SNORM). A partial least squares-structural equation modelling analysis suggests that, to explain the expected response of BEHAV, only the positive relationships of the cognitive constructs with the response variable are significant. The results of the quantile regression suggest that the cognitive constructs, especially USEFUL, have a consistently significant positive influence across the entire response range of the response variable. The affective variables are significant in explaining the lower quantiles of BEHAV but not across the full response range. NEMO consistently has a significant negative influence on BEHAV in the percentiles at or below the median response. PEMO has a significantly positive influence on some of the BEHAV percentiles below the median, although this impact is not consistent across the lower quantiles of the median. The normative variable appears to have a residual influence on BEHAV, which, when significant (at the 90th quantile), is, contrary to expectations, negative. The results highlight that, while cognitive variables are essential in the acceptance of BBLPs, emotions—particularly negative ones—play an especially significant role among potential users whose level of acceptance falls below the central trend.

15 January 2025 in Electronics
Verified
Journal Article
Open access
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Ziwei ShuZiwei Shu
Ziwei Shu
MLMiguel Llorens-Marin
Miguel Llorens-Marin
Ramón Alberto CarrascoRamón Alberto Carrasco
Ramón Alberto Carrasco
MSMar Souto-Romero
Mar Souto-Romero
The rapid growth of the internet and social media has made electronic word of mouth (eWOM) a key element of modern marketing. In the hospitality industry, nowadays, effective eWOM management is essential for developing impactful strategies and fostering customer satisfaction. This paper introduces an enhanced approach to strategic customer base management based on online reviews by extending the Recency, Frequency, and Monetary (RFM) model with three novel dimensions, the Helpfulness, Promoter Score, and Stability of the customer, thereby forming the RFHPS model. It also includes the 2-tuple linguistic model, one of the most popular computing with words models, to improve precision in the RFHPS score’s computation and the findings’ interpretability. Using K-means clustering, customers are segmented across these five dimensions. The data on luxury hotels in Spain gathered from TripAdvisor demonstrate the model’s applicability. By integrating this framework into customer relationship management systems, managers can tailor marketing strategies for distinct segments, facilitating deeper customer understanding and bolstering eWOM generation.

16 June 2021 in Journal of Marketing Analytics
Verified
Journal Article
Closed access
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MLMiguel Llorens-Marin
Miguel Llorens-Marin
Adolfo HernándezAdolfo Hernández
Adolfo Hernández

23 February 2022 in Technological and Economic Development of Economy
Verified
Journal Article
Open access
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MLMiguel Llorens-Marin
Miguel Llorens-Marin
Ramón Alberto CarrascoRamón Alberto Carrasco
Ramón Alberto Carrasco
IBItzcóatl Bueno
Itzcóatl Bueno
EHEnrique Herrera-Viedma
Enrique Herrera-Viedma
JMJuan Antonio Morente-Molinera
Juan Antonio Morente-Molinera
In a very open competitive context where pure online players are consistently gaining market share, the use of digital devices is a steady trend which is penetrating physical retail stores as a tool for retailers to improve customer experience and increase engagement. This need has increased with the COVID-19 pandemic as electronic devices in physical stores reduce the contact between people providing a greater sense of health safety, hence improving the customer experience. This work develops a multiple-criteria decision-making model for retailers who want to digitize their physical stores, providing a systematic approach to manage investment priorities in the organization. Important decisions should involve all different areas of the organization: Finance, Clients, Internal Processes and Learning & Growth departments. This strategic decision can be made hierarchically to obtain consistent decisions, also the use of the Order Weighted Average operator allows for alternative scenarios to be presented and agreed among the different areas of the business. The authors develop a use case for a Spanish fashion retailer. In the most widely agreed scenario the preferred devices were more technologically complex and expensive, while in the scenarios where the head of Finance is more predominant, cheaper and simpler devices were selected.