Table 1

A summary of prior studies investigating the TVLM

StudyStudy contextAntecedents of trust studiedTrust conceptualizationMain findings
Singh and Sirdeshmukh (2000) Conceptual paperSatisfaction, price premiums, price fairnessThe authors propose a dynamic relationship between trust and satisfaction, where consumers' encounter-specific satisfaction updates their trust beliefs of benevolence and competence in the service brand
Sirdeshmukh et al. (2002) Airline, apparel retailerProblem-solving orientation, operational benevolence and competence of frontline employees, and management policies and practicesMultidimensionalThe authors demonstrate that trust and value mediate the effects of trusting perceptions and show that negative trusting perceptions exhibit stronger effects on trust than positive ones
Nijssen et al. (2003) Airline, apparel retailerSatisfaction and consumer dispositions toward firms in terms of valence and marketplace efficacyUnidimensionalThe authors demonstrate that both consumer disposition and satisfaction affect the TVLM constructs and find the moderating effects of consumer dispositions in the trust–value chain
Agustin and Singh (2005) Airline, apparel retailerSatisfactionUnidimensionalThe authors find that trust and value partially mediate the effects of satisfaction on loyalty. They also show that satisfaction and value have a decreasing rate of return, while trust exhibits an increasing rate of return in terms of predicting loyalty
Nijssen and Van Herk (2009) Cross-national relational exchanges (Dutch–German), bank customersSatisfactionUnidimensionalThe authors find strong support for the TVLM model, but find no moderating effects of tax benefits or consumer ethnocentrism. They find only partial support for the moderating effects of consumer beliefs about a foreign industry
Singh et al. (2011) Insurance industry in three countries (Germany, The Netherlands, and The US)Satisfaction, CLIMA – shared and socially constructed mental model for the social structure of marketplace exchangesUnidimensionalThe authors find that CLIMA has direct effects on trust, satisfaction, and value; it also moderates their effects on customer loyalty
Marinova and Singh (2014) A zoological society in the USIdentity salience, perceived benefits, perceived costsUnidimensionalThe authors find that neither trust nor value affect membership renewal decisions; only trust predicts a membership upgrade decision
Chai et al. (2015) Banking industry in New ZealandMultidimensionalThe authors propose two-dimensional conceptualizations of trust (cognitive and emotional), perceived value (utilitarian ad hedonic), and loyalty (repurchase and advocacy intentions)
El-Manstrly (2016) Hairdressers and fast-food restaurants in ScotlandUnidimensionalThe author finds that only procedural and financial switching costs moderate the direct relationships of the TVLM, such that the effects of trust and value on loyalty become more important as the switching costs increase
Molinillo et al. (2017) Online apparel retail in SpainSatisfaction, affective experiential stateUnidimensionalThe authors conclude that both satisfaction and affective experiential state positively affect trust, which further carries their effects to value and loyalty
This studyAirline, apparel retail, insurance, hotel, and telecom in the USSatisfaction, occupational and industry stereotypesMultidimensionalWe find that occupational stereotypes predict the trusting of frontline employees, while industry stereotypes predict the trusting of management policies and practices. However, only industry stereotypes exhibit a significant indirect effect on loyalty

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