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The Formation Of Consumer’S Perceived Risk And Risk Aversion In The Context Of Innovation Adoption: A Qualitative Research

Author

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  • Dorian-Laurentiu FLOREA

    (The Bucharest University of Economic Studies)

Abstract

The level of perceived risk is acknowledged to determine the innovation adoption decision. Yet, despite being largely studied in a manifold of disciplines, we still have a poor understanding of its formation from a marketing perspective. This paper offers valuable insight on how perceived risk and risk aversion evolve under different conditions and how the influence on adoption decision is made. We perform two focus groups and 10 in-depth interviews that enable us to build several counterintuitive paths that refute previous findings. Implications for management and science are discussed and a new theory is proposed.

Suggested Citation

  • Dorian-Laurentiu FLOREA, 2014. "The Formation Of Consumer’S Perceived Risk And Risk Aversion In The Context Of Innovation Adoption: A Qualitative Research," Network Intelligence Studies, Romanian Foundation for Business Intelligence, Editorial Department, issue 4, pages 223-232, November.
    • Handle: RePEc:cmj:networ:y:2014:i:4:p:223-232
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    More about this item

    Keywords

    Innovation adoption; Perceived risk; Risk aversion;
    All these keywords.

    JEL classification:

    • M31 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Marketing
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty

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