Determinants of consumers' intention to use credit card: a perspective of multifaceted perceived risk
Hoang Nam Trinh, Hong Ha Tran, Duc Hoang Quan Vuong
Purpose - The purpose of this study is to develop a theoretical model for consumer behavioral intention by integrating the technology acceptance model (TAM) and the theory of perceived risk, which is tested on the intended use of credit cards in Vietnam. Design/methodology/approach - The data were collected from 485 bank customers through a nationwide online survey. An exploratory and confirmatory factor analyzes were performed to validate the factor structure of the measurement items while structural equation modeling was used to validate the proposed model and testing the hypotheses. Findings - The results of structural equation modeling reveal that perceived risk, perceived usefulness, social influence and perceived ease of use were significant determinants of consumer intention to use a credit card. Of them, only perceived risk discouraged the intended use of a credit card, which was synthesized from psychological, financial, performance, privacy, time, social and security risk. Research limitations/implications - This study measured the first-order risk dimensions based on the payment function of the credit card only; these measurements missed potential losses relevant to credit function of credit cards. Practical implications - This study can be beneficial to banks enacting policies to attract more consumers and to help decide how to allocate resources to retain and expand their customer base. Originality/value - The study adds value to the literature on consumer behavior by confirming the impact of second-order perceived risk on the intended use of credit cards, which most previous studies have not demonstrated. The research also provides an empirical evidence to the academic research platform on e-banking services in Vietnam, especially related to the credit card industry
Year of publication: |
2020
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Authors: | Hoang Nam Trinh ; Hong Ha Tran ; Duc Hoang Quan Vuong |
Published in: |
Asian journal of economics and banking : AJEB. - Bingley : Emerald Publishing Limited, ISSN 2633-7991, ZDB-ID 3062819-2. - Vol. 4.2020, 3, p. 105-120
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Subject: | Vietnam | Perceived risk | Behavioral intention | Credit card | Kreditkarte | Konsumentenverhalten | Consumer behaviour | Viet Nam | Risiko | Risk | Risikopräferenz | Risk attitude | Verbrauchereinstellung | Consumer attitudes |
Saved in:
freely available
Type of publication: | Article |
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Type of publication (narrower categories): | Aufsatz in Zeitschrift ; Article in journal |
Language: | English |
Other identifiers: | 10.1108/AJEB-06-2020-0018 [DOI] |
Classification: | D12 - Consumer Economics: Empirical Analysis ; D14 - Personal Finance ; E42 - Monetary Systems; Standards; Regimes; Government and the Monetary System ; G21 - Banks; Other Depository Institutions; Mortgages |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10012515017
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