Hypothesis

Path

Coefficient

t-value

p-value

H1

Technology Perceived Risk -> Behavioral Intention

−0.187

2.101

0.036

H2a

Perceived Financial Risk -> Technology Perceived Risk

0.236

4.306

<0.000

H2b

Perceived Psychological Risk -> Technology Perceived Risk

0.545

10.165

<0.000

H2c

Perceived Privacy Risk -> Technology Perceived Risk

0.528

8.632

<0.000

H3

Activity Perceived Risk -> Behavioral Intention

0.533

6.034

<0.000

H4

Activity Perceived Risk -> Technology Perceived Risk

−0.001

0.673

0.501