The impact of perceived risk on consumer purchase postponement

Pandit, Ameet, Karpen, I. and Josiassen, A. P. (2008) The impact of perceived risk on consumer purchase postponement. In: ANZMAC Conference 2008: Shifting the focus from mainstream to offbeat, 1-3 December 2008, Sydney, Australia.

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Abstract

The objective of this paper is to discuss the impact of perceived risk (e.g. financial, performance and social risk) on consumer purchase postponement. Perceived risk is considered to be a critical determinant in the consumer’s willingness to adopt new products. The study context is that of high-tech consumer products. Data was collected from Australian consumers using an online survey, and linear regression analysis was carried out to empirically test the model. The findings indicate that financial risk had no impact on consumers postponing the purchase of the new product. However, consumers were more likely to postpone purchases of new products if perceived performance and social risk was high. This has an implication on the firm’s ability to reduce the performance risk of the new product by offering a free trial to the consumer and communicating the perceived benefits of the product. Furthermore, firms have to pay attention to the design features of the product making it acceptable to the consumer’s social network.

Item Type: Conference or Workshop Item (Paper)
Additional Information: Abstract published by Promaco conventions in Proceedings of the ANZMAC Conference 2008, ISBN:1863081445.
Subjects: N900 Others in Business and Administrative studies
Department: Faculties > Business and Law > Newcastle Business School > Business and Management
Related URLs:
Depositing User: Helen Pattison
Date Deposited: 08 Oct 2012 16:35
Last Modified: 10 Aug 2015 11:07
URI: http://nrl.northumbria.ac.uk/id/eprint/9511

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