Table 1.

Multi-dimensional perceived risk

Dimension of perceived riskDefinition
FIRPotential financial losses due to purchasing a subscription to a poorly performing e-service or potential internet-based fraud
PERPotential performance problems, malfunctioning, transaction processing errors, reliability and/or security problems, and therefore, not performing as expected
SORPotential losses to their perceived status in their social group as a result of using an e-service
PSRPotential losses to their self-esteem, peace of mind or self-perception (ego) due to worrying, feeling frustrated, foolish or stressful as a result of using an e-service
TIRPotential losses to convenience, time and effort caused by wasting time researching, purchasing, setting up, switching to and learning how to use the e-service
SERPotential losses involving transmitting sensitive data through e-services that breach technological data protection
PRRPotential losses to the privacy and confidentiality of their personally identifying information and that e-service usage exposes them to potential identity theft
Sources: Featherman and Pavlou (2003); Hanafizadeh and Khedmatgozar (2012) 

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