Q1 A Moderated Mediation Model of Situational Context and Brand Image For Online Purchases Using EWOM
Q1 A Moderated Mediation Model of Situational Context and Brand Image For Online Purchases Using EWOM
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8 Structured Abstract
9 Purpose- The moderating role of situational context in the effects of electronic word-of-
10 mouth (eWOM) on online purchase intention through brand image has failed to receive much
11 empirical support. Hence, this study aims to examine whether the situational context affects
12 the direction and strength of the relationships between different aspects of eWOM and brand
13 image, which then lead to online purchase intention.
14 Design/methodology/approach- To extend the existing research in this field, the model was
15 tested using a sample of 546 online shopping customers during the fourth wave of COVID-19
16 in Ho Chi Minh City. Specifically, the measurement and structural models were used to test
17 the direct relationships and the mediating role of brand image. The moderated mediation
18 model was then created to examine the moderating role of situational context. Furthermore,
19 the authors probed the interactions by discovering how the relationships from eWOM to
20 online purchase intention through brand image change at different levels of situational
21 context.
22 Findings- Without the moderating effect of situational context, the results indicated that the
23 influence of either eWOM credibility or quantity on intention is positively partially mediated
24 through brand image. With the moderating effect of situational context, the findings indicated
25 that high versus low disease avoidance customers will go through less eWOM credibility and
26 more eWOM quantity to develop their brand images and shape their intentions.
1
1
2
1 1. Introduction
2 The internet has fostered the market space by becoming an essential platform where people
3 become the media for sharing information, and the customers’ comments about a product or
4 brand on the internet, which is so-called electronic word-of-mouth (eWOM), have emerged
5 as one of the key thematic evolutions of e-commerce research (Verma and Yudav, 2021). In
6 the modern world, customers no longer trust brands for their self-generated information on
7 products (Srivastava and Sivaramakrishnan, 2020). They instead tend to seek eWOM to
8 gather the testimonials of others, reduce uncertainty, and secure lower prices in their pre-
9 purchase decisions (Ngarmwongnoi et al., 2020). This source of information can have an
10 impact on customers’ views of a brand (Moran and Muzellec, 2017; Krishnamurthy and
11 Kumar, 2018) and therefore on their purchase behaviour (Nyadzayo and Khajehzadeh, 2016;
12 Erkan and Evans, 2016; Bakri et al., 2020). Because a customer’s tendency to process
13 information about a brand is determined by a match between the sense of self and the brand
14 image (Sirgy, 2018; Wallace et al., 2021), examining the self-concept requires consideration
15 of the situational context or the environment (Michel et al., 2022).
16 Recent reviews of eWOM (Donthu et al., 2021; Ismagilova et al., 2020; Verma and Yudav,
17 2021) have shown the prominent topics in this field (e.g., negative eWOM, online reviews
18 and ratings, brand loyalty, just to name a few), but none of these reviews explores the
19 situational variables that influence purchase behaviour. In the marketing and consumer
20 behaviour literature, studies related to the situational context and its effect on intention and/or
21 behaviour have been conducted since the 1980s (Sirgy, 1982; Markus and Kunda, 1986).
22 Technology advancements such as the internet and social media have enabled customers to
23 maintain their brand dialogues with or without the marketer, hence strengthening or
24 weakening the customer-brand connection (Wirtz et al., 2013). However, a customer’s
25 intention occurs not only with the brand itself and other online customers but also with the
26 situational context, which has a demonstrable and systematic effect on the current behaviour
27 under examination. The question of how consumers’ perception of brand fit as well as how
28 their participation in brand communities influences a brand is seen as one of the emerging
29 and underrepresented research areas (King, 2017).
30 Moreover, while the questions of how the effects operate (the mechanisms) and when they
31 occur (the boundary conditions) are not necessarily independent (Hayes and Rockwood,
32 2020), behavioural scientists often treat them separately. To our best knowledge, no empirical
33 research exists to examine the boundary conditions of situational context by which its effect
3
1 is transmitted into a behavioural intention. It is therefore questionable whether the situational
2 context affects the direction and strength of the relationships between different aspects of
3 eWOM and brand image, which then lead to online purchase intention. The objectives of this
4 study are to: (1) examine the direct effects of eWOM on online purchase intention; (2) test
5 the mediating role of a brand image between eWOM and online purchase intention; (3) test
6 the moderating effect of situational context on the relationships between eWOM and brand
7 image; and (4) explore how the relationships from eWOM to online purchase intention
8 through brand image change at different levels of situational context.
9 The intricate effects of situational context examined in this study involve the COVID-19
10 pandemic. This pandemic is an abnormal crisis because public health measures and lockdown
11 have resulted in significant changes in the market dynamics, including a transformation in
12 consumer behaviour, even though how much the transformation has changed is still
13 questionable (Mehta et al., 2020). The effect of situational context on online purchase
14 intention becomes even more appropriate during the outbreak of the COVID-19 pandemic in
15 Vietnam, especially in Ho Chi Minh City. Only essential businesses (i.e., the supply of
16 essential goods) and e-commerce have been allowed to operate during that period (Tran et al.,
17 2020). It thus provides a unique context in which the authors can examine the effect of
18 situational context on the translation of actor-related variables into online purchase intention.
19 2. Theoretical background
4
1 The social surroundings feature involves the social experience of shopping, the presence of
2 others, and the interaction with them. The rapid development of the internet can allow the
3 sharing of information among people worldwide without limitations (Teng et al., 2016;
4 Thomas et al., 2019). Through various communication platforms on the internet, customers
5 can engage in eWOM to share and recommend their opinions (Erkan and Evans, 2016; Bulut
6 and Karabulut, 2018; Donthu et al., 2021) and increase their purchase confidence (Chocarro
7 et al., 2013). Although the impersonal nature of online purchases allows customers (e.g.,
8 particularly those who are socially averse) to avoid the social interaction required by
9 traditional face-to-face commerce (Dominici et al., 2021), older customers who lack
10 confidence in using the Internet perceive online shopping as a loss of shopping enjoyment
11 (Kvalsvik, 2022).
12 The temporal perspective refers to time-related factors that can influence a decision to shop
13 online (Grimmer et al., 2016; Peng et al., 2019). Online shopping is considered to save time
14 because individuals can compare many different types of goods and easily buy products from
15 their preferred places (Chocarro et al., 2013). As compared to offline shopping, while
16 customers tend to be discouraged from buying online if the delivery time is more than three
17 days (Kvalsvik, 2022), online shopping can save the time and effort required to get to the
18 pickup store (Kim et al., 2017).
19 The task definition feature refers to the purpose or goal of buying a specific product. For
20 instance, customers shop at different types of stores (e.g., Internet, catalogue, and in-store
21 shopping) depending on whether they shop for a gift or themselves (Gehrt and Yan, 2004).
22 Finally, the antecedent states refer to momentary moods (e.g., anxiety, pleasantness, or
23 excitation) or momentary conditions (e.g., fatigue, illness). Situational variables such as bad
24 health status and lack of mobility are the primary triggers for buying groceries online
25 (Dominici et al., 2021), especially for older customers (Kvalsvik, 2022).
26 The narrative literature on the effect of situational context on online purchase behaviour is
27 summarised in Table I. The initial search required articles to be based on the work of Belk
28 (1975) within the time frame since 2000 (e.g., when social media was introduced) on Google
29 Scholar. The subsequent search used “situation” and “online shopping” as the keywords. The
30 chosen papers were limited to the journals listed in the Social Sciences Citation Index (SSCI).
31 Previous relevant studies that applied the interdependence technique (e.g., variables are not
32 classified as dependent or independent; see Hair et al., 2019) or considered online post-
33 purchase behaviour were not included.
5
1 The majority of previous studies relating to this topic have been conducted using
2 inventories of situational scenarios (Grimmer et al., 2016; Kim et al., 2017) and/or choice
3 alternatives (Gehrt and Yan, 2004; Chocarro et al., 2013; Dominici et al., 2021; Kvalsvik,
4 2022). Notably, it is frequently impossible for all of the features of a situation to be utilised.
5 Rather, the most relevant features must be selected for a particular research setting. As
6 compared to prior empirical research in the online setting, it may well be argued that little
7 attention has been paid to the effect of social surroundings (e.g., eWOM) and no research has
8 been carried out to study the interactive effects of social surroundings and antecedent states
9 (e.g., disease avoidance). These considerations not only help reflect the key characteristics of
10 the online shopping context but also help capture the pattern of how customers share online
11 information during the pandemic.
6
1 in South Korea and showed that eWOM credibility significantly affects online purchase
2 intention for skin care services, meals at a restaurant, and airline tickets. Taking into
3 consideration that online information transfers occur between individuals who may not have
4 any prior connection, it is important to examine how the perceived credibility of information
5 influences a customer’s online shopping intention (Teng et al., 2016; Ismagilova et al., 2020).
6 Therefore, it is hypothesised that:
7 H1a: eWOM credibility has a positive effect on online purchase intention
7
1 of brand reputation (Fetscherin et al., 2021). While a brand image is the individual-specific
2 view of the brand, a brand reputation is seen as the summation of the individual’s judgements
3 (Parris and Guzmán, 2022). To acknowledge this academic discussion, a brand image is
4 defined in this study as an individual’s perception of a brand after one real or mental
5 encounter with that brand (Veloutsou and Delgado-Ballester, 2018). Because a customer, as
6 an individual, not only responds to his/her environment or group but also interacts with each
7 other, this study seeks to understand why a customer in a group or community has a different
8 perception of a brand.
9 Before making purchases, customers normally search for information to support their
10 purchase decisions and advance their perception of a brand (Moran and Muzellec, 2017;
11 Srivastava and Sivaramakrishnan, 2020; Wallace et al., 2021). The internal source of
12 information at this stage refers to what is saved and restored from a customer’s memory,
13 while all other sources (i.e., eWOM) are seen as external ones (Krishnamurthy and Kumar,
14 2018). It is thus important to understand the impact of eWOM on online purchase decisions,
15 especially since customers use this source of information to develop their brand images
16 (Gensler et al., 2015; Ngarmwongnoi et al., 2020). The attribution theory, which was first
17 coined by Heider (1958), can be used to illustrate the mediating role of brand image in the
18 relationship between eWOM and online purchase intention. This theory deals with how
19 people make sense of others’ behaviour and communication (Ullrich and Brunner, 2015), and
20 their interpretation plays a vital role in determining their reaction to these events (Chang et
21 al., 2015). Previous research also indicated that brand image can play a mediating role in
22 explaining the effect of eWOM on purchase intention (Jalilvand and Samiei, 2012; Bakri et
23 al., 2020). Hence, it is hypothesised that:
24 H2a: The relationship between eWOM credibility and online purchase intention is positively
25 mediated through brand image
26 H2b: The relationship between eWOM quantity and online purchase intention is positively
27 mediated through brand image
8
1 other factors not covered in their studies. Specifically, customers often prefer different brands
2 in different consumption situations (Belk, 1975; Graeff, 1997). The brand-situation congruity
3 principle (or the self-congruity theory as named by Sirgy, 1982) stated that customers prefer a
4 brand which has a greater congruity between their characteristics (or the sense of self) and the
5 brand image (Sirgy, 2018; Wallace et al., 2021; Michel et al., 2022).
6 Although the self-concept is viewed as adjustable and flexible to different social situations
7 and environments in social psychology (Markus and Kunda, 1986), the moderating role of
8 situational context in the effects of eWOM on the brand image has failed to receive much
9 empirical support from consumer researchers. In normal conditions, disease avoidance
10 behaviour is not realised by customers while they shape their intentions to purchase online.
11 Such disease avoidance behaviour has become significantly manifest during a disease
12 outbreak such as COVID-19 because the perceived scarcity of products can significantly
13 influence consumer choices (Ratner et al., 2014; Hamilton et al., 2019). The scarcity of
14 products may also lead to a decrease in the credibility of external sources of information
15 (Pantano et al., 2020). For instance, drugstores and retail stores in Vietnam ran out of hand
16 sanitisers and surgical masks in just a few days, despite the government’s announcements to
17 not panic stockpile. The authors, therefore, advance the following hypotheses:
18 H3a: The relationship between eWOM credibility and brand image is negatively moderated
19 by the situational context (disease avoidance as an antecedent state)
20 H3b: The relationship between eWOM quantity and brand image is positively moderated by
21 the situational context (disease avoidance as an antecedent state). See Figure 1 for the
22 research framework.
24 3. Method
25 3.1. Measures
26 Using a scale with less than 7 scale points can lead to probable information loss and therefore
27 may affect the discovery of a moderating effect (Memon et al., 2019). The online survey
28 hence included 23 items on a 7-point Likert-type scale, ranging from 1 (strongly disagree) to
29 7 (strongly agree). The eWOM credibility consisted of five items adapted from Yin et al.
30 (2018). Four items to measure the eWOM quantity were adapted from Thomas et al. (2019).
31 Five items for measuring the brand image were drawn from Iglesias et al. (2019). As for the
32 situational context (disease avoidance as an antecedent state), five items measuring this
9
1 construct were based on Brown et al. (2015). The online purchase intention was measured
2 using four items developed by Thomas et al. (2019). Some descriptive questions were also
3 added to the questionnaire (i.e., gender, age, education, occupation, and monthly income).
10
1 the time between the starting and closing announcement of the online survey. The results of
2 independent sample t-tests indicated that there was no statistically significant difference in
3 the mean value between the first and third groups at the 5% level of significance.
4 Since the data could be seen as self-reported, the issue of common method bias was also
5 tested using Harman’s single-factor test and the common method factor technique (Podsakoff
6 et al., 2003). All the indicators were loaded into an exploratory factor analysis with one
7 single factor. The results showed that the total variance extracted by a single factor (46.2%)
8 was less than the threshold of 50%, indicating that common method bias was not a threat to
9 the study. The authors also included a common method factor in the measurement model to
10 control the effects of an unmeasured latent method factor (Collier, 2020). The comparison
11 between the measurement model with and without the common method factor yielded Δχ2 of
12 3.729 and Δdf of 1, indicating that the common method bias was not a substantial issue.
21 4. Results
22 The authors used structural equation modelling (SEM) to analyse the survey data and test the
23 hypotheses in AMOS 26 and SPSS 20. The measurement and structural models were used to
24 test the direct relationships and the mediating role of brand image. The moderated mediation
25 model was then created to examine the moderating role of situational context. Additionally,
26 the authors probed the interactions by discovering how the relationships between the
27 independent variables and the dependent variable change at different levels of the moderator.
28 The results are shown as the followings.
11
1 situational context (SC), brand image (BM), and online purchase intention (Int). All
2 constructs had average variance extracted (AVE) values of over 0.50 and none of the inter-
3 correlations of the constructs surpassed the square root of AVE (Fornell and Larcker, 1981).
4 Thus, it is possible to assume the convergent and discriminant validity of the scales.
5 < Insert Table III around here >
6 The construct reliability was assessed by calculating Cronbach’s alpha and composite
7 reliability (Pallant, 2020). Moreover, Hair et al. (2019) suggested that individual reflective
8 item reliability is acceptable when an item has a significant factor loading on its
9 corresponding construct (e.g., should be 0.5 or higher, and ideally above 0.7). As shown in
10 Table IV, all Cronbach’s alpha and composite reliability values were above the threshold
11 values of 0.8, and items loaded strongly and significantly above the cut-off value of 0.7.
12 Thus, it is safe to confirm the reliability of all scales in this study.
12
1 < Insert Table V around here >
13
1 size of each group (n>200) followed the rule of thumb suggested by Kline (2005). The results
2 showed that only gender (β=0.283, p=0.001) and monthly income (β=-0.259, p=0.002) had
3 significant effects on online purchase intention. To test invariance, Δχ2 and Δdf between the
4 unconstrained and the constrained model were calculated (Byrne, 2004). The comparisons
5 yielded Δχ2 of 22.003 and Δdf of 11 (p=0.024) on gender-constrained equal and Δχ2 of
6 29.745 and Δdf of 11 (p=0.001) on monthly income-constrained equal. The results implied
7 that while female participants were more likely to use eWom to form their online purchase
8 intentions, high monthly income participants were less likely to consider eWom as the input
9 information for making their decisions. Further analysis was not performed due to the
10 inadequate sample size to capture the indirect relationships in each group.
13 5.1. Conclusions
14 This study aims to examine whether the situational context affects the direction and strength
15 of the relationships between different aspects of eWOM and brand image, which then lead to
16 online purchase intention. In normal conditions without the mediating and moderating
17 effects, the results showed that both eWOM credibility and quantity have positive effects on
18 online purchase intention. With the presence of brand image as the mediator, it was found
19 that the influence of either eWOM credibility or eWOM quantity on online purchase
20 intention is positively partially mediated through the construct of brand image. These results
21 are in line with previous research about the direct relationships between either eWOM
22 credibility or eWOM quantity and online purchase intention (Wang et al., 2015; Teng et al.,
23 2016; Thomas et al., 2019), and their indirect effects on online purchase intention via the
24 brand image (Jalilvand and Samiei, 2012; Krishnamurthy and Kumar, 2018).
25 Consistent with Teng et al.’s (2016) study, customers tend to assess the credibility of
26 eWOM in their decision-making processes to increase their confidence and decrease risks and
27 uncertainties. Meanwhile, the quantity of eWOM delivers a signal of product popularity with
28 a diversity of information, thus leading to an increase in online purchase intention
29 (Ngarmwongnoi et al., 2020). In terms of the mediating role of the brand image between
30 eWOM and online purchase intention, the results can be explained by the attribution theory
31 suggested by Heider (1958); and that the more a product’s reviews can be attributed to
32 stimulus-level characteristics (i.e., product quality or functionality), the more credible they
14
1 are observed by the receivers (Moran and Muzellec, 2017), resulting in enhancing brand
2 image and online purchase intention (Jalilvand and Samiei, 2012; Bakri et al., 2020). Yet,
3 these results should be treated with caution, as previous studies have shown that situational
4 variables can moderate these effects.
5 In abnormal conditions with the moderating effect of situational context (e.g., disease
6 avoidance), the negative interactive direct effect between eWOM credibility and situational
7 context on brand image is worth noting here. Customers during the pandemic tend to depend
8 less on eWOM credibility for building their brand images when the propensity for disease
9 avoidance increases. Since these findings contradict prior research about the role of eWOM
10 credibility (Teng et al., 2016; Thomas et al., 2019), it demands further examination.
11 Moreover, high versus low disease avoidance customers tend to go through less eWOM
12 credibility and more eWOM quantity to develop their brand images and intentions. These
13 findings can be explained by the psychology of persuasion written by Cialdini (1993; 2006).
14 More specifically, product scarcity (e.g., during the pandemic) can shape customers’
15 decisions by influencing how they process information. When the incentive to process
16 information is low (e.g., in normal conditions before the pandemic), customers tend to focus
17 more on systematic processing (e.g., careful consideration of both eWOM credibility and
18 quantity). In contrast, when the incentive to process information is high (e.g., during the
19 pandemic), customers are likely to focus more on heuristic processing (e.g., focusing on
20 easily comprehended cues such as eWOM quantity).
21 5. 2. Theoretical implications
22 This study extends the marketing theory in two profound ways. First, the present study
23 enriches the self-congruity theory by integrating the self-concept (Sirgy, 1982; 2018) with the
24 concept of situational variables (Belk, 1975). Although previous researchers have extensively
25 studied the self-concept and its variations (e.g., actual self, ideal self, social self, ideal social
26 self) (Wallace et al., 2021; Michel et al., 2022), aligning the self-concept and the brand image
27 can be a complicated process. Indeed, the malleability of the self-concept (Markus and
28 Kunda, 1986) indicated that customers in different situations express different selves. The
29 meanings of the self are thus not able to be carried over from one situation to another. By
30 shifting toward the dynamic nature of the self in the social media context, the present study
31 casts more light on how consumers’ perception of a brand fit under the pressure of situational
32 context and the effect of social surroundings influences their purchase decisions.
15
1 Another key insight involves the context of the study. With the effects of the COVID-19
2 pandemic, customers are experiencing transformations in their behaviour (Mehta et al.,
3 2020). Before the pandemic, customers preferred eWOM because it provided more reliable
4 information than companies’ self-generated information (Ngarmwongnoi et al., 2020;
5 Srivastava and Sivaramakrishnan, 2020). The increased awareness of fake online reviews
6 caused by companies’ deceptive practices even makes customers feel more concerned about
7 the credibility of eWOM (Thomas et al., 2019; Verma and Dewani, 2020). Yet during the
8 pandemic, customers tend to depend less on eWOM credibility and more on eWOM quantity
9 for building their brand images. These findings contribute to the sociological field for
10 understanding customers’ online purchase intentions under the pressure of disease avoidance
11 because the findings turn upside down the current literature that usually seeks to promote the
12 credibility of online reviews. This insight is important because it can aid in shaping
13 customers’ brand images in a time of emergency such as the COVID-19 pandemic.
14 5. 3. Practical implications
15 In terms of practical implications, marketers can use eWOM as a signal to encourage online
16 purchase intentions. However, a company with a strong brand image should not depend on
17 the benefits of a high brand image that can be found in the literature (Upamannyu and
18 Sankpal, 2014; Nyadzayo and Khajehzadeh, 2016). Instead, companies should be aware of a
19 large number of online reviews (e.g., how many reviews were made about their brands) rather
20 than the credibility of online reviews (e.g., where reviews come from), because even a high
21 brand image can be significantly weakened by a large number of negative eWOM (Jalilvand
22 and Samiei, 2012). Such effects will become even more important with the advancement of
23 network technology.
24 Another interesting practical implication of the findings relates to the use of scarcity
25 persuasion tactics (e.g., those that are often relevant during the pandemic) by online retailers
26 (Hamilton et al., 2019). For instance, online retailers can use a countdown clock to display
27 the remaining time of a promotion, show the number of online reviews jointly considering the
28 offering, and display the number of units still available for sale. For customers with a low
29 intention to purchase, such tactics are likely to increase stimulation, making customers more
30 focused on differentiating attributes of the product. Finally, regardless of whether the
31 COVID-19 crisis is damaging or aiding online retailers’ profits, the common goal of placing
32 people before profitability should be converted into actions. For instance, online retailers
33 should control the panic stockpiling of essential goods through eWOM quantity, especially
16
1 for the spread of fake news or misinformation online. To do so, online retailers can
2 periodically ask customers to rate the credibility of a randomly selected review, thus recalling
3 customers about the credibility in an indirect way that should avoid reluctance (Pennycook et
4 al., 2020). Such an approach can potentially reduce the amount of misinformation flowing
5 online without depending on government institutions.
17
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24
Table I Summary of research on the effect of social surroundings (SS) and/or antecedent states (AS) on online purchase behaviour
Author(s) Study context(s) Theory/Theories Method(s) Exogenous variable(s) Endogenous Effects of SS Interactive
variable(s) effects of SS
and AS
Gehrt and Channel Literature on Multivariate Time pressure, gift or personal use Channel No No
Yan (2004) preference situational analysis of variance characteristics
(Internet, influence and retail (MANOVA)
catalogue, and attributes
store shopping)
Chocarro et Channel Literature on Multinomial Product category, distance-to-store, store Probability of Yes – Presence No
al. (2013) preference (online situational factors logistic regression tidiness, clarity of website layout, time online/offline of others and
versus offline) of day of purchase, time pressure, purchase social
presence of others, and social interaction interaction
Grimmer et Online green Theory of reasoned Structural equation Purchase situations (i.e., physical Implementation No No
al. (2016) products action and theory modelling with surroundings, temporal perspective, task intentions, pro-
consumption of planned moderation definition), intentions environmental
behaviour analysis consumer
behaviour
Kim et al. Buy online and The diffusion of Factorial design Relative advantages, compatibility, Intention to use No No
(2017) pick up in-store innovations theory, complexity, perceived risk of an online BOPS
(BOPS) literature on store, location convenience, product
situational factors involvement
and product
involvement
Dominici et Online food Literature on e- Binary logistic Socio-demographic variables, situational The likelihood of No No
al. (2021) consumption grocery purchases regression factors (i.e., physical surroundings, individuals buying
temporal perspective, antecedent states), food online
control variables
Kvalsvik Online grocery Literature on Conjoint analysis Distance to a nearby store, prices at the The probability of Yes-Social No
(2022) shopping among situational factors nearby store, social interaction, delivery online grocery interaction
older adults time, poor health, lack of mobility shopping
Current Essential goods Self-congruity Structural equation eWOM credibility, eWOM quantity, Brand image, Yes – eWOM Yes
study during the theory modelling with situational context (disease avoidance as online purchase
COVID-19 moderated an antecedent state) intention
pandemic mediation analysis
25
Table II Sample characteristics
Gender: Age:
Male 37.9% Young Adults (below 26) 40.5%
Female 62.1% Adults (26-40) 29.9%
Education: Middle Age Adults (41-60) 26.7%
High School Diploma 7.3% Older Adults (over 60) 2.9%
Bachelor’s Degree 58.4%
Master’s Degree and Above 15.8% Occupation:
Others 18.5% Student 35.1%
Monthly income (Million VND): Private employee 26.7%
Below 5 33.2% Government employee 14.5%
From 5 to below 10 22.2% Self-employee 14.1%
From 10 to below 20 29.9% Housewife 3.7%
From 20 to above 14.7% Others 5.9%
26
Table IV Factor loadings, Cronbach’s α, and composite reliability
27
Table V Mediated model results
Hypothesised Direct Indirect Confidence Interval P-value
Conclusion
relationship effect effect Low High
H2a: 0.199 0.298 0.208 0.418 <0.001 Partial mediation
eC→BM→Int (4.094)
H2b: 0.477 0.300 0.182 0.460 <0.001 Partial mediation
eQuan→BM→Int (6.863)
Model fit statistics:
For eC→BM→Int: χ2=192.121,df=73,GFI=0.950,TLI=0.971,CFI=0.977,RMSEA=0.055
For eQuan→BM→Int: χ2=104.444,df=62,GFI=0.971,TLI=0.988,CFI=0.991,RMSEA=0.035
Note: Unstandardised coefficients reported. Values in parentheses are t-values. Bootstrap
sample=5000 with replacement at 95% bias-corrected confidence interval.
28
Table VI Moderated mediation model results
Unstandardised
Direct relationship T-value P-value Result
coefficient
eC→BM 0.376 5.989 <0.001
BM→Int 0.348 5.937 <0.001
eC→Int (0.047) (0.756) 0.45
SC→BM 0.307 5.185 <0.001
H3a: eC X SC→BM (0.193) (3.732) <0.001 Significant*
eQuan→BM 0.319 4.347 <0.001
eQuan→Int 0.457 6.433 <0.001
H3b: eQuan X SC→BM 0.168 2.786 0.005 Significant
Model fit statistics: χ2=429.367,df=173,GFI=0.929,TLI=0.959,CFI=0.966,RMSEA=0.052
Moderated indirect relationship Indirect effect Confidence Interval P-value
Low High
eC→BM→Int** 0.131 0.059 0.246 <0.001
Probing the interaction of SC
Low level: 0.183 0.086 0.328 <0.001
High level: 0.078 0.023 0.182 0.001
Index of moderated mediation (0.067) (0.130) (0.023) <0.001
eQuan→BM→Int** 0.111 0.049 0.207 0.002
Probing the interaction of SC
Low level: 0.065 (0.007) 0.160 0.071
High level: 0.156 0.073 0.281 0.001
Index of moderated mediation 0.058 0.008 0.142 0.017
Note: Unstandardised coefficients reported. Values in parentheses are negative. Bootstrap
sample=5000 with replacement at 95% bias-corrected confidence interval; * Significant with
negative coefficient; ** The indirect effect is moderated by the construct of situational
context.
29
eWOM Brand
Image
H2a
eWOM
Credibility
H1a
H2b Online
Purchase
Intention
eWOM
Quantity H1b
H3b H3a
Situational
Context
Note: The dash arrows represent the moderation effects; eWOM: electronic word-of-mouth.
30