Share:


THE EFFECT OF REPUTATION AND PROMOTION ON LOYAL BEHAVIOR OF SHARIA BANK CUSTOMERS ( A STUDY AT SHARIA BANK IN DKI JAKARTA)

    Acu Kusnandar

Abstract

This study aims to examine the effect of reputation and promotion on the loyalty behavior of Islamic bank customers in a study at Islamic banks in DKI Jakarta. The research was conducted using quantitative methods. Observations use a cross-section/one-shot time scope, namely in 2022. The unit analysis of the research is Islamic banks in DKI Jakarta, while the unit of observation is the customers of Sharia Banks in DKI Jakarta. Data were taken from a sample of 100 respondents and analyzed using PLS. The results of the study illustrate that reputation and promotion contribute to shaping the loyalty behavior of Islamic bank customers in DKI Jakarta. Reputation has a bigger role in shaping loyalty behavior than promotion. The findings in this study provide managerial implications for the management of Islamic banks in DKI Jakarta that efforts to create and improve customer loyalty behavior can be carried out through efforts to improve reputation, especially a good reputation in the perception of customers' colleagues and friends, reputation compared to competing banks, and reputation in the market general. Priority needs to be given to reputation development. The promotion also needs to be carried out through various elements, especially in the publicity element, followed by personal selling, viral marketing, advertising, sales promotion, and direct marketing to support the role of reputation in increasing the loyalty behavior of Islamic banks.

Keyword : reputation, promotion, loyalty behaviour.

Published in Issue
October 15, 2023
Abstract Views
02
PDF Downloads
03
Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

References


Ali, R., Leifu, G., Rehman, R.U. 2014. Factors influencing customer loyalty of banking industry: empirical evidence from Pakistan. International Journal of Learning & Development, 4(2), 9-26 Aliata, V. L., Odondo, A.J., Aila, F.O., Ojera, P.B., Abong’O, B.E., Odera, O. (2012). Influence of Promotional Strategies on Banks Performance. International Journal of Business, Humanities and Technology, 2(5), 169-178. Anggraeni, R. (2021). Kinerja Bank Syariah Lebih Moncer ketimbang Konvensional di Era Pandemi, dalam https://finansial.bisnis.com/read/20211115/231/1466159/kinerja-bank-syariah-lebih-moncer-ketimbang-konvensional-di-era-pandemi-kok-bisa diakses tanggal 11 Agustus 2022 Babiü-Hodoviü, V., Mehiü, E., Arslanagiü, M. (2011). Influence of Banks’ Corporate Reputation on Organizational Buyers Perceived Value. Procedia Social and Behavioral Sciences 24, 351–360 Bayu Arie Fianto, Christopher Gan, Tika Widiastuti&RadityaSukmana | (2020) Customer loyalty to Islamic banks: Evidence from Indonesia.Cogent Business & Management, 7(1), 1859849, DOI: 10.1080/23311975.2020.1859849 Bireda, H. (2020). The Effects of Promotion Strategies on Bank Performance the Case of Dashen Bank S.C (From Employees Perspective). Partial fulfillment of the requirements for the degree of Master of Arts in Business Administration at St’ Mary’s University. Addis Ababa, Ethiopia. Chin, W. W. (1998). The Partial Least Squares Approach to Structural EquationModeling. Modern Methods for Business Research, 295, 336. Czinkota, M.R. and Radebaugh, L.H. (2004). International Business: Environments and Operations, 9th ed. Upper Saddle River. NJ. Ezu, G.K., Uzoamaka, C-E., & Gloria (2018). The Influence of Promotional Strategies on the Performance of Nigerian Banks. A Study of Selected Banks in Nigeria. International Journal of Trend in Scientific Research and Development (IJTSRD) International Open Access Journal, 3(1), 278-286. Fombrun, C. (2001). The Reputational Landscape. Corporate Reputation Review, 1(1 and 2). Griffin, J. (2002). Customer Loyalty: How to Earn It, How to Keep It. New and Revised Edition. Kentucky: McGraw-Hill. Helm S. (2007). The Role of Corporate Reputation in Determining Investor Satisfaction and Loyalty. Corp Rep Rev,10(1), 22-37 Hosseini, S.S. and Shahmoradi, B. (2022). Study the Impact of Customers’ Loyalty and Satisfaction on Bank’s Financial Performance (A Case Study of Resalat Bank). British Journal of Economics, Management & Trade, 12(4), 1-11 Malhotra, N.K. (2010). Marketing Research: An Applied Orientation. Edition, 6. Prentice Hall. Rasheed, H.M.W., Sajid, M., Shahid, N., Ahmad, M. 2015. Facrors affecting customer loyalty in Banking sector: a study on banks in Bahawalpur (Pakistan). International journal of accounting and financail reporting, 5(1), 239-254. Rashid, M.H.U., Nurunnabi, M., Rahman, M., and Masud, M.A.K. (2020). Exploring the Relationship between Customer Loyalty and Financial Performance of Banks: Customer Open Innovation Perspective. J. Open Innov. Technol. Mark. Complex, 6(108), 1-19.doi:10.3390/joitmc6040108. Ruiz, B., Garcia, J.A., Revilla, A. 2016. Antecedents and consequences of bank reputation: a comparison of the United Kingdom and Spain. International Marketing Review, 33(6), 1-6. Segoro W. (2013). The influence of perceived service quality, mooring factor, and relationship quality on customer satisfaction and loyalty. Social and Behavioral Services, 81, 306-310. Sekaran, U. (2010). Research Methods for Business: A Skill-Building Approach. 4th Edition, John Wiley & Sons, UK. Mehraj, H., Jayadevappa, D., Haleem, S. L. A., Parveen, R., Madduri, A., Ayyagari, M. R., & Dhabliya, D. (2021). Protection motivation theory using multi-factor authentication for providing security over social networking sites. Pattern Recognition Letters, 152, 218-224. Soni, M., Khan, I. R., Babu, K. S., Nasrullah, S., Madduri, A., & Rahin, S. A. (2022). Light weighted healthcare CNN model to detect prostate cancer on multiparametric MRI. Computational Intelligence and Neuroscience, 2022. Sreenivasu, S. V. N., Gomathi, S., Kumar, M. J., Prathap, L., Madduri, A., Almutairi, K., ... & Jayadhas, S. A. (2022). Dense convolutional neural network for detection of cancer from CT images. BioMed Research International, 2022. Sharma, D. K., Chakravarthi, D. S., Boddu, R. S. K., Madduri, A., Ayyagari, M. R., & Khaja Mohiddin, M. (2022, June). Effectiveness of machine learning technology in detecting patterns of certain diseases within patient electronic healthcare records. In Proceedings of Second International Conference in Mechanical and Energy Technology: ICMET 2021, India (pp. 73-81). Singapore: Springer Nature Singapore. Mannepalli, K., Vinoth, K., Mohapatra, S. K., Rahul, R., Gangodkar, D. P., Madduri, A., ... & Mohanavel, V. (2022). Allocation of optimal energy from storage systems using solar energy. Energy Reports, 8, 836-846. Rubavathy, S. J., Kannan, N., Dhanya, D., Shinde, S. K., Soni, N. B., Madduri, A., ... & Sathyamurthy, R. (2022). Machine Learning Strategy for Solar Energy optimisation in Distributed systems. Energy Reports, 8, 872-881. Bansal, P., Ansari, M. J., Ayyagari, M. R., Kalidoss, R., Madduri, A., & Kanaoujiya, R. (2023, April). Carbon quantum dots based nanozyme as bio-sensor for enhanced detection of glutathione (U) from cancer cells. In AIP Conference Proceedings (Vol. 2603, No. 1). AIP Publishing. Kadam, P. S., Rajagopal, N. K., Yadav, A. K., Madduri, A., Ansari, M. J., & Patil, P. Y. (2023, April). Biomedical waste management during pandemics. In AIP Conference Proceedings (Vol. 2603, No. 1). AIP Publishing. Torres-Cruz, F., Nerkar Charushila, K., Chobe Santosh, S., Subasree, N., Madduri, A., & Pant, B. (2023, April). A review on future prospects on magnetic levitation for disease diagnosis. In AIP Conference Proceedings (Vol. 2603, No. 1). AIP Publishing. Sugumar, D., Dixit, C. K., Saavedra-Lopez, M. A., Hernandez, R. M., Madduri, A., & Pant, B. (2023, April). White matter microstructural integrity in recovering alcoholic population. In AIP Conference Proceedings (Vol. 2603, No. 1). AIP Publishing. Durga Bhavani, K., Ferni Ukrit, M. Design of inception with deep convolutional neural network based fall detection and classification model. Multimed Tools Appl (2023). https://doi.org/10.1007/s11042-023-16476-6 K. Durga Bhavani, Dr. Radhika N. (2020). K-Means Clustering using Nature-Inspired Optimization Algorithms-A Comparative Survey. International Journal of Advanced Science and Technology, 29(6s), 2466-2472. K. D. Bhavani and M. F. Ukrit, "Human Fall Detection using Gaussian Mixture Model and Fall Motion Mixture Model," 2023 5th International Conference on Inventive Research in Computing Applications (ICIRCA), Coimbatore, India, 2023, pp. 1814-1818, doi: 10.1109/ICIRCA57980.2023.10220913. Nigam, P., Waghmode, S., Yeware, A., Nawale, L., Dagde, P., Dhudhane, A., & Sarkar, D. (2014). Aptamer functionalized multifunctional fluorescent nanotheranostic platform for pancreatic cancer. Journal of Nanopharmaceutics and Drug Delivery, 2(4), 280-287. Alegaonkar, A. P., Kumar, A., Alegaonkar, P. S., Waghmode, S. A., & Pardeshi, S. K. (2014). Exchange interaction of itinerant electron donors of tetrakis (dimethylamino) ethylene with localized electrons in graphene. Synthesis and Reactivity in Inorganic, Metal-Organic, and Nano-Metal Chemistry, 44(10), 1477-1482. MESRAR, M., LAMCHARFI, T., ECHATOUI, N., ABDI, F., & AHJYAJE, F. (2019). AJ Csian OURNALOF HEMISTRY AJ Csian OURNALOF HEMISTRY. Asian Journal of Chemistry, 31(2), 309-316. Mane, V., Lalaso, M., Waghmode, S., Jadhav, K. D., Dongare, M. K., & Dagade, S. P. (2014). Nitration of benzene using mixed oxide catalysts. IOSR J. Appl. Chem, 7, 50-57. Mahind, L. H., Waghmode, S. A., Nawale, A., Mane, V. B., & Dagade, S. P. (2013). Evaluation of antimicrobial activities of zirconium (IV) complex. J Pharm Biol Sci, 5, 102-5. Vanjare, K. J., & Waghmode, S. (2020). Lipase enzyme based green chemistry detergents for cleaning industry. Dagade, S. P., Mane, V. B., Jape, A. A., Waghmode, S. A., Dhapte, V. V., & Mahind, L. H. (2012). Synthesis, Characterization and Antimicrobial Study of Cr (III), Mn (II), Y (III) and Zr (IV) Schiff Base Complexes. Int. J. of Chem. Anal. Sci, 12, 1672-1674. Shaikh, A., Meroliya, H., Dagade-Gadale, S., & Waghmode, S. (2021). Applications of Nanotechnology in Precision Agriculture: A review. Kadam, S., Patul, V., Waghmode, S., & Dagade-Gadale, S. (2021). Use of Nano pesticide in Agriculture and its Toxicity–A Review. Waghmode, S. A., Gupta, V. S., & Rane, S. Y. (2010). Structure-function mimicry of oxidized purple acid phosphatase-PAP ox–A new functional model. Ganvir, V. Y., Ganvir, H. V., &Gedam, R. S. (2022). Effect of lanthanum oxide addition on physical, electrical and dielectric properties in lithium borosilicate glasses. Ferroelectrics, 587(1), 127-138. Ganvir, H. V., Ganvir, V. Y., &Gedam, R. S. (2022). Investigation of structural and electrical properties of nickel chloride doped pyrrole aniline copolymer. Materials Today: Proceedings, 49, 1827-1832. Ganvir, V. Y., Ganvir, H. V., &Gedam, R. S. (2022). Physical and optical study of Nd2O3 doped sodium borosilicate glasses. Materials Today: Proceedings, 51, 1201-1205. Ganvir, V. Y., Ganvir, H. V., &Gedam, R. S. (2019). Effect of Dy2O3 on electrical conductivity, dielectric properties and physical properties in lithium borosilicate glasses. Integrated Ferroelectrics, 203(1), 1-11. Wasnik, H. R., Kelkar, D. S., &Ganvir, V. Y. (2015). Yield analysis of copolymers: effect of temperature, feed ratio and initiator concentration on the copolymerization. Journal of Polymer Engineering, 35(2), 99-103.