Authors
Mayuram S Krishnan, Venkatram Ramaswamy, Mary C Meyer, Paul Damien
Publication date
1999/9
Journal
Management science
Volume
45
Issue
9
Pages
1194-1209
Publisher
INFORMS
Description
In this paper, we study the drivers of customer satisfaction for financial services. We discuss a full Bayesian analysis based on data collected from customers of a leading financial services company. Our approach allows us to explicitly accommodate missing data and enables quantitative assessment of the impact of the drivers of satisfaction across the customer population. We find that satisfaction with product offerings is a primary driver of overall customer satisfaction. The quality of customer service with respect to financial statements and services provided through different channels of delivery, such as information technology enabled call centers and traditional branch offices, are also important in determining overall satisfaction. However, our analysis indicates that the impact of these service delivery factors may differ substantially across customer segments. In order to facilitate managerial action, we discuss how …
Total citations
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