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it comes to generality and physical intangibility. There, involvement moderates the relationship between<br />

generality and time and social risk; physical intangibility and four types of risk, except time risk.<br />

INTANGIBILITY AND DIFFICULTY OF EVALUATION: BRAND AND GENERIC PRODUCT CATEGORIES<br />

(TABLE 9). Since generality and physical intangibility have a greater effect on difficulty of evaluation in<br />

the generic context, as opposed to the branded one, H7a is partially supported.<br />

INTANGIBILITY AND PERCEIVED RISK: BRAND AND GENERIC PRODUCT CATEGORIES (TABLE 10).<br />

Looking at the magnitude of the standardized coefficients, we find that physical intangibility has a greater<br />

effect on social, financial, and performance risk at the generic level as opposed to the branded one. For<br />

generality, the coefficients at the generic level are all greater than those at the brand level, with the pattern<br />

repeated for all five types of risk. For mental intangibility, the effect is opposite to what had been<br />

hypothesized in H7b, as it appears to have a greater impact at the brand level as opposed to the generic<br />

one, with the exception of social risk where the comparison between generic and brand contexts is<br />

consistent with the hypothesis. Based on these findings, H7b is partially supported.<br />

MODERATING EFFECTS OF KNOWLEDGE AND INVOLVEMENT ON DIFFICULTY OF EVALUATION:<br />

BRAND AND GENERIC PRODUCT CATEGORIES (TABLE 11). Although we hypothesized that the<br />

moderating effects of knowledge and involvement would be greater in the generic context, this only held<br />

true for the moderating effect of involvement on the relationship between physical intangibility and<br />

difficulty of evaluation. Hence, we found no support for H10a and only partial support for H13a.<br />

MODERATING EFFECTS OF KNOWLEDGE AND INVOLVEMENT ON PERCEIVED RISK: BRAND AND<br />

GENERIC PRODUCT CATEGORIES (TABLE 12). We found partial support for H10b and H13b in that the<br />

moderating effects of knowledge were evident between physical intangibility/generality and social risk;<br />

generality and psychological risk; and physical/mental intangibility and performance risk. Moreover, we<br />

found the hypothesized moderating effects of involvement between physical/mental intangibility and time<br />

risk; mental intangibility and social risk; mental/physical intangibility and psychological risk; and<br />

mental/physical intangibility and financial risk.<br />

5. Discussion<br />

[Tables 5 to 12 about here]<br />

93

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