The role of consumer innovativeness and perceived risk in online banking usage
Abstract
Purpose
The purpose of this paper is to analyse how consumer innovativeness can be used as a variable to positively influence internet banking adoption both directly and reducing consumer perceived risk.
Design/methodology/approach
The impact of innovativeness and risk on internet banking adoption has been tested through structural equation modelling techniques. The sample consists of 511 Spanish internet banking services users accessed through an internet survey. Risk has been measured as a formative construct.
Findings
Results reveals consumer innovativeness as a key construct to improve e‐banking adoption both directly and by its effective role in reducing consumer risk perception of using internet channel in the financial services context.
Practical implications
Practical guidelines are provided to bank managers on how to use consumer innovativeness level as a segmentation variable to increase the use of internet banking among actual customers who are non users or light users of the electronic channel.
Originality/value
There is a lack of studies which connect consumer innovativeness and perceived risk in the electronic commerce context and specially on e‐banking research. Formative configuration of risk is quite an innovative approach to measure this construct.
Keywords
Citation
Aldás‐Manzano, J., Lassala‐Navarré, C., Ruiz‐Mafé, C. and Sanz‐Blas, S. (2009), "The role of consumer innovativeness and perceived risk in online banking usage", International Journal of Bank Marketing, Vol. 27 No. 1, pp. 53-75. https://doi.org/10.1108/02652320910928245
Publisher
:Emerald Group Publishing Limited
Copyright © 2009, Emerald Group Publishing Limited