5. Discussion
This study explores how the ethical standards of a company and the congruency between the consumers' own values and the company's CSR goals contribute to shaping consumer loyalty in the retail industry. From a theoretical perspective, the findings of this study validate the in- fluential role of ethical standards in increasing consumer loyalty. Higher corporate ethical standards are found to lead consumers to believe that the company is committed to its CSR activities. When this belief is established, consumers become more satisfied and experience greater trust; as a result, they remain loyal to the company. Therefore, our findings provide an overall picture of the theoretical process by which the sequential relationship among ethical standards, commitment, trust, satisfaction, and loyalty is shaped.