Towards Sustainable Consumption: Generation Z’s Views on Ownership and Access in the Sharing Economy
Abstract
:1. Introduction
2. The Essence of the Sharing Economy
2.1. Definition of the Sharing Economy
2.2. Components of the Sharing Economy
2.3. Scope and Application of the Sharing Economy
2.4. Dimensions and Consumer Behaviour in the Sharing Economy
2.5. Paper Objective in the Context of the Sharing Economy
3. Factors That Contribute to the Growth of the Sharing Economy in the Context of a Transition from Excessive Consumerism to Sustainable Practices
3.1. Economic Motivations
3.2. Customers’ Digital Engagement
3.3. Environmental Concern
4. Materials and Methods
Statistical Description of the Variables-Parameter Estimation Results
5. Results
6. Discussion
7. Conclusions
Author Contributions
Funding
Data Availability Statement
Conflicts of Interest
References
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Willingness to Share for Savings (WSS) | Say et al., 2021 [78], Rossmannek & Chen, 2023 [79], Joshi & Rahman, 2017 [80], Gadeikiene & Svarcaite, 2021 [81], Minami et al., 2021 [82], Oral & Thurner, 2019 [83], Nguyen et al., 2018 [84], Zalega, 2018 [85], Kuźniar et al., 2023 [86] |
Digital Customer Engagement (DCE) | Ham et al., 2019 [87], Akbar & Hoffmann, 2020 [88], Cheng et al., 2021 [89], Sutherland & Jarrahi, 2018 [90], Sashi, 2012 [91], Ruan et al., 2014 [92], Wang & Hu, 2009 [93], Urban et al., 2009 [94], Hollebeek & Macky, 2019 [95], Eigenraam et al., 2018 [96], Salo & Karjaluoto, 2007 [97] |
Environmental Concern (EC) | Bellotti et al., 2015 [98], Gomes et al., 2023 [99], Le et al., 2022 [100], Borusiak et al., 2021 [101], Maichum et al., 2016 [102], Aruta & Paceño, 2022 [103], Gu, 2022 [104], Chien, 2022 [105], Sadiq et. al., 2023 [106] |
Below the Country’s Average Monthly Net Income per Person in the Household | Above the Country’s Average Monthly Net Income per Person in the Household | Within the Country Average Monthly Net Income per Person in the Household | |||||||
---|---|---|---|---|---|---|---|---|---|
Number of | % of N in a Row | % from N in a Column | Number of | % of N in a Row | % from N in a Column | Number of | % of N in a Row | % from N in a Column | |
women | 60 | 23.2% | 57.7% | 55 | 21.2% | 52.9% | 144 | 55.6% | 61.5% |
men | 44 | 24.0% | 42.3% | 49 | 26.8% | 47.1% | 90 | 49.2% | 38.5% |
village | 62 | 27.8% | 59.6% | 36 | 16.1% | 34.6% | 125 | 56.1% | 53.4% |
city ≤ 100 K | 28 | 25.9% | 26.9% | 27 | 25.0% | 26.0% | 53 | 49.1% | 22.6% |
city ≥ 100 K | 14 | 12.6% | 13.5% | 41 | 36.9% | 39.4% | 56 | 50.5% | 23.9% |
Total | 104 | 1 | 1 | 104 | 1 | 1 | 234 | 2 | 1 |
Content | Standardised Estimates | Estimate | S.E. | C.R. | p | ||
---|---|---|---|---|---|---|---|
WSS | <---(H1) | DCE | 0.654 | 0.934 | 0.128 | 7.296 | *** |
ABO | <---(H3) | WSS | 0.466 | 0.601 | 0.071 | 8.413 | *** |
EC | <---(H2) | DCE | 0.518 | 0.813 | 0.119 | 6.851 | *** |
EC | <---(H4) | ABO | 0.223 | 0.190 | 0.039 | 4.887 | *** |
WSS1 | <--- | WSS | 0.588 | 0.720 | 0.074 | 9.678 | *** |
WSS2 | <--- | WSS | 0.647 | 0.847 | 0.084 | 10.029 | *** |
WSS2 | <--- | WSS | 0.698 | 0.987 | 0.089 | 11.069 | *** |
WSS4 | <--- | WSS | 0.762 | 1 | |||
DCE1 | <--- | DCE | 0.467 | 1 | |||
DCE2 | <--- | DCE | 0.551 | 1.232 | 0.102 | 12.069 | *** |
DCE3 | <--- | DCE | 0.670 | 1.498 | 0.191 | 7.851 | *** |
DCE4 | <--- | DCE | 0.706 | 1.546 | 0.199 | 7.752 | *** |
DCE5 | <--- | DCE | 0.642 | 1.598 | 0.205 | 7.784 | *** |
EC1 | <--- | EC | 0.818 | 1 | |||
EC2 | <--- | EC | 0.678 | 0.799 | 0.052 | 15.447 | *** |
EC3 | <--- | EC | 0.773 | 0.880 | 0.049 | 17.871 | *** |
EC4 | <--- | EC | 0.823 | 0.998 | 0.057 | 17.366 | *** |
EC5 | <--- | EC | 0.883 | 0.978 | 0.050 | 19.727 | *** |
Designation in the SEM Diagram (Observable Variable) | Content of the Determinant | Assigned Hidden Variable | Factor Analysis FCA |
---|---|---|---|
WSS1 | I see no problem in agreeing to exchange/share my own home/apartment for tourist purposes with strangers from other regions of the world to travel cheaper. | Willingness to Share for Savings (WSS) (Average Variance Extracted—AVE 0.47; Composite Reliability—CR 0.8) | 0.603 |
WSS2 | I have no problem sharing my things with others, even strangers, to save money. | 0.768 | |
WSS3 | To earn additional funds, I am prepared to lend items that I occasionally use to other people, even strangers, through special online platforms. | 0.608 | |
WSS4 | If there is a possibility, I use to borrow a product from another instead of buying to own it. | 0.683 | |
DCE1 | I am happy to leave opinions/reviews/comments on the Internet that can be used by other users as a reliable source of information. | Digital Customer Engagement (DCE) (Average Variance Extracted—AVE 0.50; Composite Reliability—CR 0.8) | 0.837 |
DCE2 | I am happy to use opinions and reviews on the Internet about the products I use (e.g., in an online forum on a shop’s website) | 0.857 | |
DCE3 | I intend to initiate in my environment/or on the online platform actions of exchange/resale of products that I use little. | 0.512 | |
DCE4 | I am using peer-to-peer service, or I plan to start using it next year. | 0.565 | |
DCE5 | I think you can trust people on peer-to-peer platforms | 0.473 | |
EC1 | I choose products that are environmentally friendly, even if I have to pay more. | Environmental Concern (EC) (Average Variance Extracted—AVE 0.63; Composite Reliability—CR 0.9) | 0.813 |
EC2 | I am convinced that my actions can contribute to the improvement of the environment. | 0.751 | |
EC3 | It is important to me to take care of the environment and reduce pollution. | 0.821 | |
EC4 | I am always happy to support the educational activities of environmental organisations. | 0.776 | |
EC5 | I attach great importance to the environmental and health aspects associated with the products purchased. | 0.815 | |
ACCESS BETTER THAN OWNERSHIP | ABO |
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Surmacz, T.; Wierzbiński, B.; Kuźniar, W.; Witek, L. Towards Sustainable Consumption: Generation Z’s Views on Ownership and Access in the Sharing Economy. Energies 2024, 17, 3377. https://doi.org/10.3390/en17143377
Surmacz T, Wierzbiński B, Kuźniar W, Witek L. Towards Sustainable Consumption: Generation Z’s Views on Ownership and Access in the Sharing Economy. Energies. 2024; 17(14):3377. https://doi.org/10.3390/en17143377
Chicago/Turabian StyleSurmacz, Tomasz, Bogdan Wierzbiński, Wiesława Kuźniar, and Lucyna Witek. 2024. "Towards Sustainable Consumption: Generation Z’s Views on Ownership and Access in the Sharing Economy" Energies 17, no. 14: 3377. https://doi.org/10.3390/en17143377
APA StyleSurmacz, T., Wierzbiński, B., Kuźniar, W., & Witek, L. (2024). Towards Sustainable Consumption: Generation Z’s Views on Ownership and Access in the Sharing Economy. Energies, 17(14), 3377. https://doi.org/10.3390/en17143377