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Perceived Risk: Further Considerations for the Marketing Discipline
Abstract
Examines the construct of perceived risk, as used in consumer and marketing research. In the light of the shortcomings of past research, develops and tests three hypotheses. Findings show that the risk dimensions proposed in the literature (i.e. financial, psychological, social, performance, physical and time‐related risk) capture a very high fraction of perceived overall risk, and that a parsimonious structure of the risk concept exists as the other risk dimensions are mediated through individual psychological risk. Implications are highlighted.
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“Perceived risk is seen as a subjective expectation of the losses; it is also a form of expectation [97].”
From Investigating the Impact of Critical Factors on Continuance Intention towards Cross-Border Shopping Websites (2019) · cites this paper as [97]
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BackgroundXie, Y. X., Wan, C., & Kong, K. (2024) · Humanities and Social Sciences Communications · doi:10.1057/s41599-024-03832-6 · Cited by 14
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“social community due to both the impropriety of the item or objection of utilizing the web as a purchasing channel [24], [31], [44].”
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“The mediator variable of perceived risk refers to the well-established research scales of Séquier [54] et al. and Stone et al. [55].”
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“Perceived Financial Risk is adapted from Stone and Gronhaug [11].”
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An Empirical Study of the Influencing Factors of User Adoption on Mobile Securities Services
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“To ensure reliability and validity, the operationalization of these items were adopted with modifications from past literature (Stone, 1978).”
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Okoli, T. T., & Tewari, D. D. (2020) · Cogent Economics & Finance · doi:10.1080/23322039.2020.1829273 · Cited by 11
“This suggests that the reason savings intermediation have not yet transmitted into potential investment in Africa is because of lack of innovation/Fintech, especially as the perceived risk in extending credit to the public in Africa is high (Stone & Grønhaug, 1993).”
BackgroundWang, W., Guan, X., Jin, S., Wang, X., Qin, X., Lü, N., Zhu, G., & Li, D. (2022) · Frontiers in Environmental Science · doi:10.3389/fenvs.2022.999006 · Cited by 13
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Izquierdo‐Yusta, A., & Martínez‐Ruiz, M. P. (2011) · EuroMed Journal of Business · doi:10.1108/14502191111130325 · Cited by 11
The sum of all fears: Stakeholder responses to sponsorship alliance risk
Johnston, M. A. (2015) · Tourism Management Perspectives · doi:10.1016/j.tmp.2015.03.011 · Cited by 14
Jang, H., & Ko, I. (2014) · Journal of Knowledge Management · doi:10.1108/jkm-06-2013-0233 · Cited by 11
“The definition of ‘‘perceived risk’’ varies from scholar to scholar, but can generally be regarded as perceived uncertainty regarding the results and loss of expected value as the result of such uncertainty (Kissarijian and Robertson, 1991; Stone and Gronhaug, 1993).”
BackgroundAntecedents and consequences of experiential versus utilitarian consumption in the travel context
Wei, W., & Tasci, A. D. A. (2017) · International Journal of Culture Tourism and Hospitality Research · doi:10.1108/ijcthr-06-2017-0069 · Cited by 11
Brand and firm values in distinct national cultures
Chowdhury, R. H., Chun, W., Choi, S., & Friend, K. (2020) · Asia Pacific Journal of Marketing and Logistics · doi:10.1108/apjml-03-2019-0121 · Cited by 11
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“” Cox (1963) first provided five types of risks perceived by the consumers (functional, physical, financial, psychological, and social), and Stone and Gronhaug (1993) added a sixth type, temporal risk.”
BackgroundConsumer Risk-Taking Experience: The Role of Positive Anticipated Emotions
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“Various types of perceived risk have been listed in the literature: physical, social, psychological, functional, financial, time-loss and opportunity-loss risks (Kaplan, Szybillo and Jacoby, 1974; Roselius, 1971; Stone and Grønhaug, 1993; Zikmund and Scott, 1973).”
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“Perceived risk- further considerations for the marketing discipline stone 1993.”
BackgroundMultifunctional risk in the adoption of innovative technological products
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“Various risks perceived by the consumer have been studied such as: quality risk, the possibility that the product does not work as designed [42], risk of potential loss of time related to making a bad purchase decision [42], risk in delivery or potential loss due to receiving incorrect products [43, 44], risks associa…”
BackgroundYang, C., Tao, S., & Cai, Y. (2023) · Current Psychology · doi:10.1007/s12144-023-04781-0 · Cited by 10
“For their contribution, we gave the participants monetary compensation. popularity, and perceived risk (Stone & Grønhaug, 1993).”
InfluentialValue and store brand identification in food products
Rubio, N., Villaseñor, N., & Barbolla, J. O. (2014) · British Food Journal · doi:10.1108/bfj-01-2013-0028 · Cited by 10
“As to the relationship of perceived value to satisfaction, Zeithaml (1988) indicates that customers who perceive that they obtained “value for money” are more satisfied than customers who do not perceive this.”
BackgroundAnalysis of Transmission Model of Consumers' Risk Perception of Food Safety based on Case Analysis
Ma, Y., & Zhang, L. (2013) · Research Journal of Applied Sciences Engineering and Technology · doi:10.19026/rjaset.5.4792 · Cited by 10
Kumar, P., & Bajaj, R. (2016) · RePEc: Research Papers in Economics · Cited by 10
Metadata
- Authors
- Stone, R. N., & Grønhaug, K.
- Venue
- European Journal of Marketing
- Publisher
- Emerald
- Published
- 1993-04-01
- Volume
- 27
- Issue
- 3
- Pages
- 39-50
- ISSN
- 0309-0566 (ISSN-L)
- OpenAlex
- W2062541363
- Cited by
- 1,348
- References
- 0
- Citations by year
- 2026: 71 · 2025: 53 · 2024: 66 · 2023: 77 · 2022: 100 · 2021: 74 · 2020: 94 · 2019: 76 · 2018: 56 · 2017: 64 · 2016: 62 · 2015: 73 · 2014: 78 · 2013: 45 · 2012: 45
- FWCI
- 4.28
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- European Journal of Marketing (publishedVersion)
- Topics
- Social Sciences › Business, Management and Accounting › Marketing › Consumer Behavior and Marketing Influence
- Social Sciences › Business, Management and Accounting › Marketing › Customer Service Quality and Loyalty
- Social Sciences › Decision Sciences › General Decision Sciences › Decision-Making and Behavioral Economics
- Keywords
- risk perception, risk dimensions, psychological risk, financial risk, social risk, performance risk, physical risk, risk structure, consumer behavior
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
What counts as a claim ›How we measure confidence ›How we check this ›
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