H4: A consumer’s trust in online transaction is positively
related with the trustworthiness of Web vendor.
The correlation coefficient between the trustworthiness of
Web vendor and consumers’ confidence to adopt e-commerce
was found to be 0.218 with p = 0.045. Therefore, the research
hypothesis is accepted.
H5: The increase in institutional trust reduces consumers’
perceived risk in online transaction.
We found that the increase in institutional trust does not
reduce a consumers’ perceived risk in online transaction. The
relationship is observed to be r = 0.148 with p = 0.176.
Therefore, we reject the research hypothesis.
H6: The increase in economic incentives reduces
consumers’ perceived risk in online transaction.