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Indian Journal of Marketing

ISSN: 0973-8703 Frequency: Monthly Peer Review: Double-blind Published since: 1968 Language: English
A publication of AMCPL
amcon.co.in
New Delhi, India
Indexed in: Scopus Q3 UGC-CARE Group II ABDC: C Google Scholar J-Gate NAAS NISCAIR Crossref

Original Article

Open Access Original Article

Relevance of Financial Service Advertisements in Investment Decisions and Purchase of Financial Products : Evidence from the Indian Insurance Sector

Sarfaraz Javed1Uvesh Husain2Namrata Pathak3

1 Assistant Professor, Faculty of Business, Sohar University, Sohar

2 Assistant Professor, Economics and Business Studies Department, Mazoon College, Al Seeb

3 Independent Researcher, Indian Institute of Technology (ISM), Dhanbad, Jharkhand - 826 004

Volume 51
Issue 9
Pages 41–55
Year 2021
Received: May 10, 2020 Accepted: Dec. 21, 2020 Published: Sept. 30, 2021
Abstract

This study investigated the impact of investment decision-making on financial product purchases and explored the mediating role of financial services advertisements in India’s insurance sector. Data collected from 447 responses were analyzed using SPSS and AMOS. SEM was conducted to testify the hypotheses. The results identified that the entertainment variable played a vital role in determining financial product purchases and investment decision-making. The results also indicated that financial services advertising, perceived reality, and usefulness positively and significantly mediated between financial product purchases and investment decision making. The study provided valuable clues for the investment and selection of financial products. The insights acquired from this study may have significant consequences for corporate promotional behavior, investor relations systems, and coordinated public engagement activities.

Keywords Investment Decisions Financial Product Purchases Perceived Reality Usefulness Entertainment Financial Services Advertising
How to Cite

Sarfaraz Javed, Uvesh Husain, Namrata Pathak (2021). Relevance of Financial Service Advertisements in Investment Decisions and Purchase of Financial Products : Evidence from the Indian Insurance Sector. Indian Journal of Marketing, 51(9), 41–55. https://doi.org/10.17010/ijom/2021/v51/i9/166163

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