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Phuoc-Cuu-Long Le, Thi-Thuy-Trinh Tran, Thi-Duyen Pham, Thi-Thanh-Minh Dang, and Linh-Giang Nguyen  239

































                                                Figure 2. Model Testing Results


                     Research model testing showed that brand awareness and intrinsic motivation influ-
                     ence perceived risk via regression coefficients of 0.409 and -0.450, respectively. There-
                     fore, intrinsic motivation has a negative impact on perceived risk. In addition, perceived
                     risk influences purchase Intention negatively, as indicated by the regression coefficient
                     of -0.376. In which, variables including financial risk, product risk, time risk, and pri-
                     vacy  risk,  explain  the  second-order  structure  of  perceived  risk.  With  a  coefficient
                     weight of 0.178, time risk is the strongest explanation for perceived risk, followed by
                     product risk with a coefficient weight of 0.171, privacy risk with a co-efficient weight
                     of 0.147, and financial risk with a coefficient weight of 0.135. In addition, the results
                     of SEM demonstrated that  purchase intention is influenced by three variables: Per-
                     ceived Risk, Brand Awareness, and Intrinsic Motivation.

                                      Table 3. Results of analysis of hypothetical relationships


                       Hypothesis         Relationship            r          P values         Result
                           H1               BA  PI              0.200          0.000        Accepted
                           H2              BA   PR              0.409          0.000        Accepted
                           H3               PR   PI             -0.376         0.000        Accepted
                          H3a               PR   FR             0.135          0.000        Accepted
                          H3b               PI   PR             0.171          0.000        Accepted
                          H3c              PR   TR              0.178          0.000        Accepted
                          H3d              PR   PVR             0.147          0.000        Accepted
                           H4               IM   PR             -0.450         0.000        Accepted
                           H5               IM   PI             0.249          0.000        Accepted








                     ISBN: 978-604-80-8083-9                                                  CITA 2023
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