Abstract

With the rapid development of internet financial community, more and more people opt to obtain financial information through online reviews. Based on the perspective of online reviews of opinion leaders, we explored the influences of online reviews of opinion leaders on users’ investment intentions in the financial community. We introduced the concepts of user trust and online interaction propensity and built a theoretical model. Our results, based on data collected from 205 users of a famous financial virtual community, suggested that the online reviews of opinion leaders had a significant effect on users’ investment intentions. In conclusion, financial institutions should pay attention to opinion leaders and enhance communication and relationships with them.

Highlights

  • Due to rapid developments in internet and information technology, the ‘virtual communities in different themes’ emerged

  • We studied the influence of the reviews of opinion leaders on users’ investment intentions from the perspective of the users

  • This paper contributes to exploring the mechanism by which the reviews of opinion leaders impacts on the potential investment intention in virtual communities

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Summary

Introduction

Due to rapid developments in internet and information technology, the ‘virtual communities in different themes’ emerged. Most research studies in the internet finance community has been conducted from the perspective of the overall macro environment and financial institutions. Current research shows that users’ investment intentions are influenced by positive recommendation and word-of-mouth opinions from relevant reference groups (Park, Lee, & Han, 2007). As a key reference group, opinion leaders in the virtual financial community play an important role in providing word-of-mouth opinions and recommendations ( Bansal, & Voyer, 2000). Do the online reviews of opinion leaders, as the most important form of word-of-mouth communication, affect users’ investment intentions? This study, conducted from an online review of perspectives of opinion leaders’, explores the mechanism through which online reviews of opinion leaders influence users' investment intentions in financial virtual community by introducing the concepts of user trust and online interaction propensity Do the online reviews of opinion leaders, as the most important form of word-of-mouth communication, affect users’ investment intentions? This study, conducted from an online review of perspectives of opinion leaders’, explores the mechanism through which online reviews of opinion leaders influence users' investment intentions in financial virtual community by introducing the concepts of user trust and online interaction propensity

Opinion Leader’s Online Reviews and User Trust
User Trust and User’s Investment Intention
Opinion Leader’s Online Reviews and User’s Investment Intention
The Moderating Effect of Online Interaction Propensity
Research Object and Sample Structure
Scale Design
Reliability and Validity Analysis
Descriptive Statistical Analysis
Model Hypothesis Test
Results and Discussion
Management Enlightenment
Limitations and Prospects
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