Information richness and trust in V-commerce: implications for services marketing

Purpose: The potential for e-commerce is limited by a trust deficit when traders do not interact in a physical, bricks-and-mortar context. The theory of information richness posits that equivocal interactions, such as ones requiring trust, can be facilitated through communication media that transmit...

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Main Authors: Chesney, Thomas, Chuah, Swee Hoon, Dobele, A., Hoffmann, Robert
Format: Article
Published: Emerald 2017
Subjects:
Online Access:https://eprints.nottingham.ac.uk/40417/
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author Chesney, Thomas
Chuah, Swee Hoon
Dobele, A.
Hoffmann, Robert
author_facet Chesney, Thomas
Chuah, Swee Hoon
Dobele, A.
Hoffmann, Robert
author_sort Chesney, Thomas
building Nottingham Research Data Repository
collection Online Access
description Purpose: The potential for e-commerce is limited by a trust deficit when traders do not interact in a physical, bricks-and-mortar context. The theory of information richness posits that equivocal interactions, such as ones requiring trust, can be facilitated through communication media that transmit multiple cues interactively. We examine the potential of information-rich virtual worlds to reduce this trust deficit compared with more traditional web-based e-tailing environments. Design/Methodology: Rather than focusing on stated intentions we adopt an experimental approach to measure behaviour. Participants receive performance-related financial incentives to perform trust games in different information-rich treatments that represent three retail environments: a physical environment representing bricks-and-mortar trade, an electronic environment representing web-based online retailing and a virtual environment representing virtual world retail. Findings: We find that the two dimensions of trust significantly differ between the treatments. In particular, as hypothesised, both trustingness and trustworthiness are higher in the virtual than in the electronic environment. However, contrary to our hypotheses, physical trade is not associated with greater trust than virtual trade. Implications: We extend previous research by demonstrating how the information richness of the virtual world interface can promote e-commerce by deepening trust between trading partners. Our research also complements existing work that approaches product and service interfaces through the lens of servicescapes. The findings also contribute towards the development of services marketing practice and the design of e-commerce environments.
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spelling nottingham-404172020-05-04T18:42:53Z https://eprints.nottingham.ac.uk/40417/ Information richness and trust in V-commerce: implications for services marketing Chesney, Thomas Chuah, Swee Hoon Dobele, A. Hoffmann, Robert Purpose: The potential for e-commerce is limited by a trust deficit when traders do not interact in a physical, bricks-and-mortar context. The theory of information richness posits that equivocal interactions, such as ones requiring trust, can be facilitated through communication media that transmit multiple cues interactively. We examine the potential of information-rich virtual worlds to reduce this trust deficit compared with more traditional web-based e-tailing environments. Design/Methodology: Rather than focusing on stated intentions we adopt an experimental approach to measure behaviour. Participants receive performance-related financial incentives to perform trust games in different information-rich treatments that represent three retail environments: a physical environment representing bricks-and-mortar trade, an electronic environment representing web-based online retailing and a virtual environment representing virtual world retail. Findings: We find that the two dimensions of trust significantly differ between the treatments. In particular, as hypothesised, both trustingness and trustworthiness are higher in the virtual than in the electronic environment. However, contrary to our hypotheses, physical trade is not associated with greater trust than virtual trade. Implications: We extend previous research by demonstrating how the information richness of the virtual world interface can promote e-commerce by deepening trust between trading partners. Our research also complements existing work that approaches product and service interfaces through the lens of servicescapes. The findings also contribute towards the development of services marketing practice and the design of e-commerce environments. Emerald 2017-04-24 Article PeerReviewed Chesney, Thomas, Chuah, Swee Hoon, Dobele, A. and Hoffmann, Robert (2017) Information richness and trust in V-commerce: implications for services marketing. Journal of Services Marketing, 31 (3). ISSN 0887-6045 information richness trust e-commerce and v-commerce virtual worlds experimental design http://www.emeraldinsight.com/doi/abs/10.1108/JSM-02-2015-0099 doi:10.1108/JSM-02-2015-0099 doi:10.1108/JSM-02-2015-0099
spellingShingle information richness
trust
e-commerce and v-commerce
virtual worlds
experimental design
Chesney, Thomas
Chuah, Swee Hoon
Dobele, A.
Hoffmann, Robert
Information richness and trust in V-commerce: implications for services marketing
title Information richness and trust in V-commerce: implications for services marketing
title_full Information richness and trust in V-commerce: implications for services marketing
title_fullStr Information richness and trust in V-commerce: implications for services marketing
title_full_unstemmed Information richness and trust in V-commerce: implications for services marketing
title_short Information richness and trust in V-commerce: implications for services marketing
title_sort information richness and trust in v-commerce: implications for services marketing
topic information richness
trust
e-commerce and v-commerce
virtual worlds
experimental design
url https://eprints.nottingham.ac.uk/40417/
https://eprints.nottingham.ac.uk/40417/
https://eprints.nottingham.ac.uk/40417/