The survey conducted by the Korea National Statistical Office in 2014
shows that approximately 45 trillion KRW was spent on electronic commerce
in the year of 2014. The total amount of the first quarter of 2013 was almost
13 trillion KRW, which inc...
The survey conducted by the Korea National Statistical Office in 2014
shows that approximately 45 trillion KRW was spent on electronic commerce
in the year of 2014. The total amount of the first quarter of 2013 was almost
13 trillion KRW, which increased by 20.1%, and the figure grows year by
year. As the cyber shopping grows quickly, overseas direct purchase has
become a big trend. The Korea Customs Service stated that the market of
direct overseas purchase last year was about the size of 2 trillion KRW. This
figure shows that it has grown 48.5% more from 2013, and it is expected to
reach over 8 trillion KRW by the time of 2018. As days go by, e-commerce
is sharply increasing and direct oversea purchase is still hot. However,
E-commerce is growing fast and big, and overseas direct purchase is still the
hot trend. However, many problems arise in e-commerce and overseas direct
purchase. In avoiding the problems, online WOM from other customers, such
as the reviews and comments can be helpful. This study is to sort out
positive WOM and two-sided WOM from online WOM and find out whichtype of WOM is useful and what impact it has on the purchase intention.
The study also worked on verifying the moderating effect of involvement to
find out what differences would come out depending on product.
The survey was given to 20’s∼30’s consumers in Jeju, who are expected to
use Internet frequently and easily. These people are also expected to be more
familiar with e-commerce. In this study, 2x2 factorial design method was
used. So, Four different kinds of survey was given in random. Specifically,
Survey A was exposed to positive WOM about high involvement
product(notebook). Survey B was exposed to two-sided WOM about high
involvement product(notebook). Survey C was exposed to positive WOM
about low involvement product(USB memory). Survey D was exposed to
two-sided WOM about low inovolvement product(USB memory). Notebook
and USB memory were used in the survey because those two products are
considered as the most familiar product in subjects. The results of the
research can be summarized as follows:
First, Usefulness of information in a group exposed to two-sided WOM is
bigger than in a group exposed to positive WOM.
Second, Purchase intention in a group exposed to positive WOM is bigger
than in a group exposed to two-sided WOM.
Third, Usefulness of information have a positive(+) effect on purchasing
intention.
Finally, Product involvement dosen’t acted as a moderating variable.
However, interesting results are proved. In high inovolvement, two-sided
WOM is more useful than positive WOM, but in low involvement, there is no
difference between the usefulness of information two-sided WOM and positive
WOM. In high involvement, there is no difference between the purchase
intention of consumers with positive WOM and the ones with two-sided
WOM. However, in low involvement, the purchase intention is more
influenced by positive WOM than two-sided WOM. Through the study,various implication like below are suggested.
First, consumers find two-sided WOM more helpful than positive WOM as
the former gives the information on pros and cons of the product while the
latter tells only about the disadvantage.
Second, despite that the usefulness of the information of positive WOM is
not as useful as that of two-sided WOM, it still has a great impact on
purchase intention.
Third, two-sided online WOM is thought to be more useful than positive
online WOM, however, the usefulness is not a great factor in purchase
intention.
Fourth, when it comes to low involvement product family and there is no
difference between the usefulness of two-sided WOM and positive WOM,
rather, purchase intention is subject more to positive WOM than to two-sided
WOM.
Fifth, as for high involvement product family, two-sided WOM has greater
power than positive WOM, and there is no difference between the purchase
intention of consumers with positive WOM and the ones with two-sided
WOM.
In the sixth place, the involvement does not have moderating effect on how
positive online WOM affects both information usefulness and the purchase
intention.