Journal of Retailing and Consumer Services 79 (2024) 103853 Contents lists available at ScienceDirect Journal of Retailing and Consumer Services journal homepage: www.elsevier.com/locate/jretconser Understanding impulse buying in short video live E-commerce: The perspective of consumer vulnerability and product type Yundi Zhang , Tingting Zhang *, Xiangbin Yan School of Economics and Management, University of Science and Technology Beijing, 30 Xueyuan Road, Haidian District, Beijing, China A R T I C L E I N F O A B S T R A C T Keywords: Impulse buying Live e-commerce Short video platform Consumer vulnerability Product type Live stream activity Live-streaming is increasingly becoming a popular e-commerce business model. Although impulse buying is a traditionally common consumption phenomenon, there is little discussion on the underlying mechanism of impulse buying behavior from the perspective of consumer protection. Therefore, this study follows the stimulus organism response framework to explore how short video live streaming influences consumers’ impulse pur­ chases. We analyzed questionnaire data from 411 short video live-streaming consumers using partial least squares structural equation modeling. The findings suggest that anchor characteristics, time pressure, and livestreaming activity can induce impulsive purchases by stimulating consumer vulnerability. Additionally, the study validated the moderating effect of product type. The findings of this study enrich the research of consumer impulse purchase behavior in the context of short video live streaming from the perspective of consumer vulnerability and product type. 1. Introduction In recent years, the rapid development of live e-commerce (LE) has played an essential role in promoting digital economy. According to Iresearch, LE has brought in more than $423 billion in global revenue in 2022 and is anticipated to grow to $500 billion by 2023 (Iresearch, 2022). By the end of 2022, there were 515 million active users of LE in China, or 48.2% of all Internet users (CNNIC, 2022). As a development trend, LE has enormous marketing potential and subtly influences con­ sumers’ consumption habits and behaviors. LE allows viewers and anchors to interact in real time, helping consumers better understand goods and improving their shopping experience. LE can also prompt consumers’ impulsive shopping more easily than traditional e-commerce (Feng, 2022; Zheng, 2019). Ac­ cording to Imedia Research, 49.5% of LE viewers admit that their pur­ chase behavior is irrational and impulsive occasionally (Imedia Research, 2023). More impulse buying inevitably leads to regrets and other issues as well (Grigsby et al., 2021). According to relevant reports, the general return rate of LE is much greater than that of traditional e-commerce, ranging from 30% to 50% (Kr36, 2020). A high return rate can not only increase retailers’ post-sale costs for handling returned products but also decrease consumers’ shopping experience. Therefore, it is important to effectively manage consumers’ impulsive shopping behavior. Existing research on impulse buying behavior has achieved many meaningful results in the brick-and-mortar retailing and traditional ecommerce contexts (Amos et al., 2014). Nevertheless, study on the variables affecting impulsive buying by the context of LE is still at the initial stage (Huang and Suo, 2021; Sun and Bao, 2023; Yi et al., 2023). The few studies mostly focus on LE in general or the traditional e-commerce platform (Dong et al., 2023; Lou et al., 2022; Deng et al., 2023), with little discussion on live e-commerce of short video platforms (LESV) (Zhang et al., 2022). Nevertheless, LESV, such as TikTok, follows the content logic with social attributes, in which case, the user shopping process involves social attributes and is inductive in a way (Redine et al., 2023; Li et al., 2022). Consequently, it becomes easier for consumers to engage in unplanned purchasing behavior than traditional e-commerce platforms (Liu, 2020; Rahma and Ridanasti, 2023). In addition, given the unique icon and model of short video social platforms, the mecha­ nisms underlying consumers’ impulse buying behavior may also differ from traditional e-commerce platforms (Gao et al., 2022; He, 2022). Therefore, this study focuses on LESV to investigate its consumers’ im­ pulse buying behavior. Furthermore, Current research on impulsive purchasing in LE is conducted from the perspectives of merchants and platforms, with an emphasis on how to promote consumers’ impulsive purchases (D. Wang * Corresponding author. 30 Xueyuan Road, Haidian District, Beijing, China. E-mail address: tzhang@ustb.edu.cn (T. Zhang). https://doi.org/10.1016/j.jretconser.2024.103853 Received 13 December 2023; Received in revised form 16 March 2024; Accepted 4 April 2024 Available online 13 April 2024 0969-6989/© 2024 Elsevier Ltd. All rights reserved. Y. Zhang et al. Journal of Retailing and Consumer Services 79 (2024) 103853 et al., 2022; Emily and Sharinah, 2022), and with little studies from a consumer protection viewpoint. However, although not all impulse buying behaviors are unreasonable and some reasonable impulse buying can bring consumers a higher sense of well-being (Spiteri-Cornish, 2020), excessive impulse buying can lead to negative consumer issues like goods dissatisfaction, post-purchase dissonance, and financial dif­ ficulties (Grigsby et al., 2021). Studies have confirmed that external stimuli in traditional shopping environments can stimulate consumer vulnerability which can lead to impulse purchases, and consumer vulnerability can be an intrinsic mechanism of irrational consumption behavior (Shi et al., 2017; Zeng et al., 2022). Thus, it is essential to examine impulsive purchasing in LE from the perspective of consumer vulnerability. In addition, product type can affect how customers search for in­ formation online, how they make purchases, and what they decide to buy (Girard and Dion, 2010). The effect of various product features on consumption behavior has garnered significant attention from numerous professionals and academics (Li et al., 2016). Nevertheless, studies on product type in the area of consumer impulsive consumption in LE contexts are currently scarce, especially its moderating role in impulse buying (Hao and Huang, 2023). Therefore, this paper in­ troduces product type as a moderating factor to verify its moderating role between consumer vulnerability and impulse buying. The following questions are intended to be addressed by this study: (1) What variables influence impulsive buying in LESV? (2) What part does consumer vulnerability play in driving impulsive buying? (3) Does product type moderate between consumer vulnerability and impulse buying? within live e-commerce contexts is critical. While existing research has explored various factors influencing online impulsive buying behavior (Jeffrey and Hodge, 2007; Lo et al., 2016), including consumer traits and retailer strategies (Iyer et al., 2020), studies focusing on live e-commerce are scarce and seldom address consumer protection perspectives. This study aims to investigate impulsive buying in the context of short-video live e-commerce, emphasizing consumer vulnerability to minimize un­ necessary impulsive purchases and mitigate potential harm. 2.2. Consumer vulnerability Research on consumer vulnerability originally referred to a personal trait of consumers, where consumers are considered fragile and sensitive to economic, physical, or psychological harm because they are restricted from certain individual characteristics (Craig and Elizabeth, 1997). With the evolution of the marketing environment, some researchers started to criticize such a way of defining an individual as a vulnerable consumer (Teresa and Marlys, 2014). They pointed out that, instead of treating some consumers as always being vulnerable because they possess such a personal trait, consumer vulnerability should be understood within certain contexts (Teresa and Marlys, 2014). As suggested by Baker (2005), internal and external factors that an individual consumer is experiencing during shopping may contribute to vulnerability. In con­ sumption situations, consumer vulnerability may occur when a con­ sumer makes purchase decisions due to powerlessness or loss of control (Stacey et al., 2005). It means that a consumer should be considered vulnerable by defining vulnerability as a state that consumers experience. For consumer vulnerability, researchers have reached a consensus that consumer vulnerability is situational and a state of being (Mansfield and Pinto, 2008). In current consumption situations, consumer vulner­ ability is usually considered that consumers lose self-control, fail to accomplish desired consumer goals and experience a state of power­ lessness causing by the impact of marketing strategies, social-cultural aspects, and consumer demographics (Ren et al., 2020). Such a con­ sumption circumstance may lead to consumer behaviors that are inap­ propriate or even contrary to their interests, such as impulsive buying. 2. Literature review 2.1. Impulse buying in live e-commerce Impulsive buying is a typical consumer behavior corresponding to planned buying (Karbasivar and Yarahmadi, 2011; Mohan et al., 2013). It is characterized by spontaneous and unconscious purchasing actions triggered by external stimuli and environmental factors (Fisher, 1995; Tirmizi and Saif, 2009). The propensity for impulsive purchases is notably higher in online shopping compared to traditional retail, largely due to diverse product presentations and marketing strategies (Qin, 2020; Verhagen and van Dolen, 2011). Advancements in technology have facilitated consumer decisionmaking processes (Renko and Druzijanic, 2014), with e-commerce platforms evolving to incorporate more sophisticated displays of merchandise. Initially, e-commerce relied on static images and textual descriptions to convey product information. However, with the upgrading and improvement of e-commerce platform, the integration of short videos has emerged as a prevalent method for showcasing prod­ ucts, offering a more dynamic and comprehensive view that mitigates uncertainty and enhances purchasing intent (Flavián et al., 2017; Orús et al., 2017). Despite these advancements, challenges remain in achieving effective consumer interaction. Live e-commerce addresses these challenges by fostering a sense of authenticity and engagement among consumers by leveraging real-time interaction and precise product information (Madanaguli et al., 2021; Wongkitrungrueng and Assarut, 2020). By means of strong interactivity and timely feedback, online live shopping helps users save consumption decision-making time and improve shopping efficiency (Barta et al., 2023a; Zheng et al., 2023). But at the same time, these features of live e-commerce also promote the formation of impulsive consumer shopping behavior to a great extent (Ye et al., 2022; Luo et al., 2024; Huang et al., 2024; Ni and Ueichi, 2024). The quick decision-making encouraged by live e-com­ merce environments can lead to post-purchase regret, impacting con­ sumer satisfaction and potentially resulting in negative feedback and returns (Barta et al., 2023b,c; Petcharat et al., 2023; Tsiros & Mittal, 2000). Given these considerations, examining impulsive purchases 2.3. Product type There are different ways of classifying products by different scholars. Batra and Ahtola (1990) divided products into functional products and hedonic products according to consumers’ pursuit of functional value or hedonic value of products. In addition, Nelson (1970), that is, divided products into experience products and search products based on the characteristics of the product. Specifically, while experience products refer to products that require customers to feel or use them personally to gain an understanding of product information, search products are those that full details or attributes are obtained by customers by various means (such as recommendations from others or online browsing) without experiencing or feeling them personally. Nelson’s (1970) classification of products is now widely recognized and considered practical and thus is adopted by the current study. It is found that consumers who purchase experience products tend to search for more information about the products before making purchase judgments than those who purchase search products (Bei et al., 2004). Jin et al. (2021) confirmed that for search products, a positive infor­ mation frame can significantly enhance customers’ attention to the product’s functional attribute information and stimulate their desire to purchase; However, for experience products, Concerns and purchasing intentions of customers under various information frameworks do not significantly differ from one another. Within the realm of research on online impulse purchases, Li et al. (2016) confirmed that product type is a moderating factor in the impact of the atmosphere on online impulsive purchasing intentions in virtual communities. However, Hao (2023) finds that the influence of time scarcity on impulse purchasing is not 2 Y. Zhang et al. Journal of Retailing and Consumer Services 79 (2024) 103853 moderated by the type of product. Therefore, more research is required to investigate the moderation impact of product types from LE impulse buying context. Anchors are central to live-streaming commerce, engaging directly with consumers to enhance product understanding (Liu et al., 2023). Given their position as a primary source of product information, the attributes of anchors significantly influence consumer psychology, shaping their perceptions and purchase decisions in the live streaming e-commerce environment (Zhu et al., 2021). On live streaming platforms, anchors leverage their expertise, attractiveness, and amiability to significantly contribute to the promotion of products and the augmentation of brand image for retailers. (Dang et al., 2023; He and Jin, 2022). Some studies posit that the characteristics of information sources in live streaming can directly influence consumers’ impulse buying intentions within the e-commerce environment facilitated by live streaming (Dong et al., 2023). Thus, the following hypothesis is formulated. 3. Theoretical background and hypothesis development 3.1. Theoretical background Derived from environmental psychology, the stimulus-organismresponse model (S–O-R) holds that the behavioral responses of in­ dividuals (R) are due to changes in their internal states (O) which are caused by stimuli from external factors (S) (Teh et al., 2014). As con­ sumption scenarios have generally shifted from brick and mortar stores to online purchases, the S–O-R theory is extensively applied in mobile commerce and e-commerce (Alanadoly and Salem, 2022; Cai, 2022; Sohaib et al., 2022). For example, Li et al. (2023) investigated how buying patterns were influenced by hedonic and utilitarian factors at the user experience level of mobile commerce. The validity and significance of S–O-R for studying how situational factors lead to certain behaviors by affecting people’s inner state and cognition has been proved by prior studies on online consumer behaviors, e.g., Adwan et al. (2022), Floh and Madlberger (2013), and X. Wang et al. (2022). S–O-R was also used to analyze consumers’ impulsive purchase behavior (Tang et al., 2023). For example, Floh (2013) adopted S–O-R to study the impact of contextual factors in online e-stores on consumers’ shopping impulsivity and browsing behavior through the mediating role of shopping enjoyment. Yi et al. (2023) verified that viewing frequency and purchasing frequency influence consumers’ purchasing behavior by making them have impulse tendencies. Thus, S–O-R is considered suit­ able for guiding the current study. Given the unique context of LESV, the mechanisms and influencing factors that cause impulsive purchasing are likely to be diverse from traditional e-commerce. Thus, based on S–O-R theory, we consider that consumers are stimulated by exterior considerations like anchor char­ acteristics, time pressure, and live stream activity while watching live shopping broadcasting, which can lead to consumer vulnerability and eventually impulsive purchase. The moderating impact of product type regarding the relationship between consumer vulnerability and impulse purchasing in LESV is investigated. In Fig. 1, the suggested research model is displayed. H1. Anchor characteristics have a positive effect on consumers’ im­ pulse buying. In addition, studies have shown that the persuasion of salespersons in offline shopping situations can arouse the vulnerability of consumers (Shi et al., 2017). Therefore, it is believed that anchors as the sales­ persons in the context of LESV can cause consumer vulnerability during live-stream broadcasting. Based on this, we put forward the following hypothesis. H4. Anchor characteristics have a positive impact on consumer vulnerability. 3.2.2. Live stream activity Live stream activity is an attribute specific to the LE context, which refers to the level of activity of viewers in the live stream, including both viewers who are watching the live stream and consumers who are pur­ chasing goods from that live stream (Li et al., 2022). The more live stream activities, the more interactions between viewers or consumers and in the live streaming (Lin and Wang, 2021). In a live broadcast, consumers can learn in real-time how many people are watching the same live broadcast by such data as “viewer count”. Co-watching behavior is a special interaction between consumers when watching a live broadcast (Lu et al., 2021). The more people watch the live stream together, the greater the effect of the herding effect, where consumers may follow the group to make irrational consumption decisions (Dong et al., 2023). Based on this, the following hypothesis is proposed. H2. There is a positive effect of live stream activity on consumers’ impulse buying. 3.2. Hypothesis development In addition, studies have confirmed that in traditional shopping en­ vironments, different external stimuli can stimulate consumers’ vulnerability (Shi et al., 2017). Based on this, this study believes that as an important atmosphere clue in LE situations, live stream activity can arouse consumers’ vulnerability. Thus, the following hypothesis is proposed. 3.2.1. Anchor characteristics In the context of LESV, anchors play a pivotal role by trialing prod­ ucts, providing introductions, and interacting with the audience through real-time Q&A sessions to facilitate product sales (Huang and Li, 2023). H5. Live stream activity has a positive impact on consumer vulnerability. 3.2.3. Time pressure Time pressure refers to the feeling of anxiety and stress that decisionmakers experience as they get closer to the deadline for task completion (Sharma , 2020). In the context of promotional decisions, Customers’ perception of their time constraints when making decisions about what to buy based on product or promotional information is known as time pressure (Sebastian, 2021). The shorter the promotion time left, the greater the pressure for consumers to decide what to buy (Lv et al., 2022; Zhang, 2023). Consumers often get an emotional feeling of “you will regret if you don’t buy it” before the deadline (Cui et al., 2022). Pressure to decide quickly can instill a sense of urgency in consumers, leading them to focus more on promotional messages and less on the risks associated with purchase (Kauffman et al., 2010). In LESV, time pressure is likely to make consumers willing to buy without much consideration Fig. 1. Research model. 3 Y. Zhang et al. Journal of Retailing and Consumer Services 79 (2024) 103853 and perhaps sometimes immediate purchases. Thus, this study proposes the hypothesis. H3. studies by appropriately modifying each item based on the circum­ stances of the current research. The measurement items of anchor characteristics (AC) were adopted from Ohanian (1991), which con­ tained 12 items after adjustment. The measurement items of live stream activity (LSA) were based on Lin et al. (2021), which included three items. The measurement items of time pressure (TP) were based on Lin and Chen (2013) which used four items. The measurement items of consumer vulnerability (CV) were adopted from Sharma and Ren (2020), which contained 13 items. The measurement items of impulsive buying (IB) were based on Beatty (1998) and used three items. In Ap­ pendix A, every measurement item is displayed. Since the survey was completed in Chinese, we developed the questionnaire using a back-and-forth translation approach. First, every item was translated into Mandarin from English., which included some modifications of some items to adapt to our research situation. Next, we invited 30 users who had made purchases on live-streaming platforms to review the items on the questionnaire for clarity and to provide feedback on how they should be worded. Lastly, we reverse-translated the ques­ tionnaire from Chinese into English. A 5-point Likert scale was used for all measurement items in the final questionnaire. Time pressure has a positive effect on impulse buying. In addition, prior research has confirmed that time pressure may serve as an external stimulus to cause consumer vulnerability when shopping offline (Shi et al., 2017). Based on this, this study believes that in the context of LE, time pressure can also cause consumer vulnerability as an important external stimulus. Thus, the following hypothesis is proposed. H6. Time pressure has a positive effect on consumer vulnerability. 3.2.4. The role of consumer vulnerability Consumer vulnerability describes a person’s propensity when under the influence of external stimuli or temptation during a consuming scenario, to make decisions that could lower his or her welfare. Prior studies have shown that consumer vulnerability can be applied as an intrinsic mechanism for illogical decision-making practices, such as impulse buying, materialism, and etc. (Shi et al., 2017). In LESV, con­ sumers intuitively feel stimuli from anchors, live stream activity, and time pressure, which are likely to activate consumer vulnerability and thus generate impulse purchase behavior. As a result, this study pro­ poses the following hypotheses. H7. 4.2. Data collection There were three components in the questionnaire. Within the first segment, since the subjects are people who have experience in LESV purchasing, screening questions were set at the beginning of the ques­ tionnaire to exclude people who have no such experience. Then, the definitions of the two types of products were introduced. Next, Re­ spondents were firstly requested to recollect a time when purchasing a product while watching a live broadcast and then answer the question of which type of that product was. After that, questions for all the mea­ surement items were presented. The third segment contained questions about participants’ demographics, such as gender, occupation, income, education level, age and years of using live-streaming shopping platforms. This study collected data using a web-based questionnaire from users who have purchased products while watching LE broadcasts. Wen­ juanxing, a specialized Chinese data acquisition platform, was used to issue the questionnaire. Through an internet link, participants can reach the homepage of our questionnaire. A “snowball” sampling strategy was adopted to reach out to potential respondents with the hope that par­ ticipants would send the questionnaires to their relatives and friends. Data was collected between July 1, 2023 to August 1, 2023. A total of 479 questionnaires were returned. After eliminating respondents with too short completion times, having obviously consistent options, and filling-in random answers, an 85.8% response rate was attained from the 411 valid respondents that were found. Table 1 displays the sample’s descriptive statistics. 60.58% of the respondents are female. Most re­ spondents are 18–30 years old, accounting for 70.35%. With a bache­ lor’s degree or more, 89.3% of the respondents are qualified. Regarding the level of monthly income, respondents with a monthly income of RMB 5000–10,000 and RMB 3000 and below, and had a monthly in­ come of are two groups with the highest percentage, accounting for 30.66% and 29.93%. The study mainly reduces the impact of common method bias through processing methods such as anonymous filling, filling in at different periods, and multi-channel collection. When creating the questionnaire, we also made effort to match the linguistic expression of the customers. Additionally, a potential common method bias issue was tested using Harman’s single-factor test. Five factors with eigenvalues greater than one were obtained by principal component analysis by using SPSS 25 software. The first factor explained 39.848% of the total variance which is under 40%. Thus, In the dataset, common method bias is not a problem (see Appendix B). To detect possible non-response bias, an independent sample t-test was carried out by comparing early and advanced respondents. The Consumer vulnerability has a positive effect on impulse buying. According to the S–O-R theory, Consumers will respond emotionally or cognitively to external stimuli, which will lead to the corresponding consuming actions. Thus, it is believed that anchor characteristics, live stream activity and time pressure, as special stimulating factors in the live-streaming context, can induce consumers to make impulse pur­ chases by stimulating consumer vulnerability. Thus, the following hy­ potheses are proposed. H8. Consumer vulnerability mediates between anchor characteristics and impulse buying. H9. Consumer vulnerability mediates between live stream activity and impulse buying. H10. Consumer vulnerability mediates between time pressure and impulse buying. 3.2.5. The moderating effect of product type This study uses Nelson’s classification method to separate products into experience products and search products based on academic research and LE sales characteristics (Nelson, 1974). While search products are those about which consumers may obtain abundant infor­ mation through various pre-purchase channels without experiencing or feeling them personally, experience products require customers to handle or use them personally to obtain such experience (Nelson, 1970). Existing research has pointed out that different types of products may bring different feelings and experiences to consumers which can affect consumer purchasing behavior, especially in e-commerce live broadcast shopping (Huang et al., 2014). Since consumers can only evaluate experiential effects after they have such experiences, they tend to increase their rationality and create rational decisions when pur­ chasing experience products. Based on this, the study sets product type as a moderating factor and proposes the following hypothesis. H11. Product type moderates between consumer vulnerability and impulse buying. 4. Research methodology 4.1. Measurement development This study used existing measurement items validated by prior 4 Y. Zhang et al. Journal of Retailing and Consumer Services 79 (2024) 103853 Table 1 Demographic statistics of survey samples (n = 411). Table 2 The results of factor loading, AVE, CR and Cronbach’s alpha. Category Item Frequency Percentage (%) Gender Male Female Under 18 18~25 26~30 31~40 41~50 51~60 Over 60 Unmarried Married High school or below Junior college Bachelor Master PhD 0-3000 yuan 3001-5000 yuan 5001-10000 yuan 10001-20000 yuan More than 20000 yuan Less than 1 year 1–2 years 2–3 years More than 3 years 162 249 11 149 137 65 32 12 5 322 89 10 39.42 60.58 2.68 36.25 33.33 15.82 7.79 2.92 1.22 78.35 21.65 2.43 34 277 78 12 123 87 126 45 30 8.27 67.4 18.98 0.2.92 29.93 21.68 30.66 10.95 7.3 84 124 144 61 20.44 30.17 35.04 14.84 Age Marital status Education Income (Monthly, CNY) Contact live shopping years/year Construct Item Loading CR AVE Cronbach’s alpha AC AC1 AC2 AC3 AC4 AC5 AC6 AC7 AC8 AC9 AC10 AC11 AC12 TP1 TP2 TP3 TP4 LSA1 LSA2 LSA3 IB1 IB2 IB3 CV1 CV2 CV3 CV4 CV5 CV6 CV7 CV8 CV9 CV10 CV11 CV12 CV13 0.823 0.816 0.826 0.797 0.825 0.799 0.814 0.817 0.792 0.804 0.798 0.800 0.877 0.848 0.886 0.864 0.850 0.827 0.860 0.921 0.922 0.910 0.815 0.813 0.802 0.821 0.806 0.792 0.818 0.835 0.812 0.832 0.814 0.821 0.822 0.962 0.681 0.952 0.929 0.766 0.892 0.897 0.743 0.800 0.941 0.843 0.907 0.963 0.666 0.958 TP LSA IB CV findings revealed there was no apparent variation in responding be­ tween the two groups (p > 0.05), indicating that there was no nonresponse bias (see Appendix C). The computation of variance inflation factors (VIFs) was done in order to evaluate multicollinearity. Every construct has a score that falls from 1.228 to 1.398. Thus, this study did not exhibit significant multicollinearity. Table 3 Discriminant validity. 5. Data analysis and results AC IB LSA CV TP PLS-SEM, or partial least squares structural equation modeling, was chosen to analyze the data (Fornell and Bookstein, 1982; Joe et al., 2014). This study used Smart PLS3.0 for PLS-SEM analysis and SPSS25 for the moderating effect testing. AC IB LSA CV TP 0.809 0.407 0.355 0.438 0.367 0.918 0.520 0.420 0.475 0.845 0.414 0.404 0.816 0.354 0.869 5.1. Measurement model assessment have adequate discriminant validity. Cronbach’s alpha and Composite Reliability (CR) were used to test the reliability of measurement scales (Fornell and Larcker, 1981). From Table 2, for each of the five variables, the Cronbach alpha values are more than 0.8., and the CR of all the constructs is more significant than 0.8, suggesting that each variable has good reliability. Factor loadings and the average extracted variance (AVE) were used to measure the convergent validity. Each factor loading was larger than 0.7 based on each construct, and the AVEs of all the constructs were greater than 0.5. The findings demonstrated the acceptability of the convergent validity (Bagozzi and Yi, 1988). Discriminant validity is the measure of the degree to which a latent variable is different from other latent variables. This study assessed the discriminant validity by Fornell-Larcker criterion. The Fornell-Larcker criterion uses the square root of the average extracted variation (AVE) as the criterion for judgment, requiring that the correlation coefficient between each dimension should be less than the square root of the average extracted variation (Fornell and Larcker, 1981). Table 3 shows that all of the AVE values are higher than the correlation coefficients between the variables. In addition, HTMT values between the latent variables are less than 0.85. Overall, these constructs were considered to 5.2. Structural model assessment This study used effect size coefficient (f2), determination (R2), and predictive relevance (Q2) to assess the explanatory power. The out-ofsample predictive ability was tested by Q2 value of the Stone-Geisser test (Sarstedt et al., 2020). Q2 is evaluated by the following criteria: When the value of Q2 is greater than 0, it indicates that the exogenous construct is predictively relevant to the endogenous construct (Sarstedt et al., 2020). The results showed that Q2 of IB and CV was 0.329 and 0.187, respectively, stating that external factors are predictive of the internal components within the model. R2 of IB is 0.397, which indicates that the explanatory ability of AC, LSA, TP, and CV for IB is at a medium level (Sarstedt et al., 2020). In addition, the R2 of CV is 0.287, which indicates that the explanatory ability of AC, LSA and TP for CV is at a weak level. Therefore, the explanatory ability of independent variables to dependent variables in the research model is acceptable. According to Hew et al. (2017), f2 values below 0.02 indicate no effect. Table 4 demonstrates that each f2 in this study was higher than 0.02, which suggests that the effect sizes of the paths in this study were 5 Y. Zhang et al. Journal of Retailing and Consumer Services 79 (2024) 103853 Table 4 Path coefficient test. AC - > IB LSA - > IB TP - > IB AC - > CV LSA - > CV TP - > CV CV - > IB Path coefficient SD T-statistic P-value LL UL f2 Hypothesis testing 0.144 0.310 0.247 0.296 0.251 0.144 0.141 0.039 0.048 0.042 0.046 0.053 0.052 0.046 3.667 6.477 5.930 6.380 4.716 2.778 3.090 0.000 0.000 0.000 0.000 0.000 0.005 0.002 0.068 0.214 0.164 0.203 0.144 0.046 0.051 0.221 0.401 0.330 0.388 0.355 0.248 0.232 0.026 0.118 0.077 0.099 0.069 0.023 0.024 H1(supported) H2(supported) H3(supported) H4(supported) H5(supported) H6(supported) H7(supported) deemed acceptable. The standardized root mean square residual (SRMR) value was 0.038, which demonstrated that the model is well-fitted (Hu and Bentler, 1999). (β = 0.655, t = 12.367, p < 0.05). When it’s experience product, the positive effect is attenuated. The findings of the regression and coefficient difference test (see Table 7 and Fig. 3) show that the regression coefficients of the two product types are significantly different (t = 5.770, p = 0.000 < 0.05), which indicates that product type moderates from consumer vulnera­ bility to impulse buying. Thus, H8 is supported. 5.3. Path coefficient The results of the path coefficients (see Fig. 2 & Table 4) indicate AC plays a positive effect on IB, supporting H1. LSA plays a positive effect on IB, supporting hypothesis H2. TP plays a positive effect on IB, sup­ porting H3. CV plays a positive effect on IB, supporting H7. AC plays a positive effect on CV, supporting H4. LSA plays a positive effect on CV, supporting H5. TP plays a positive effect on IB, supporting H6. The importance of the overhead effects of the specific paths was tested using the Specific Indirect Effects. The overhead effect of the mediated path “AC - > CV - > IB” is significant (see Table 5). Thus, H8 is supported. The indirect effect of “LSA - > CV - > IB” is significant., Thus, H9 is supported. The indirect effect value of “TP - > CV - > IB” is sig­ nificant. Thus, H10 is supported. Since the direct effects of LSA, TP, and AC on IB are also proved, CV partially mediates the effects of LSA, TP, and AC on IB. 5.5. Robustness test Due to the possible intrinsic variation across genders, we used PLS multi-group analysis to examine the robustness by separating and comparing the results of the two gender samples to the results of the overall sample (see Appendix D). The outcome showed no significant difference between the male and female samples (p > 0.05). Overall, our results show strong robustness (Shi et al., 2018). 5.6. Difference analysis Prior research in traditional sales contexts has found that younger consumers exhibit a greater tendency towards impulse purchasing compared to older consumers (Beatty and Ferrell, 1998). As live streaming e-commerce represents a new form of online retail, blending interactivity, immediacy, and entertainment, age may significantly in­ fluence impulse buying intentions within this context, especially given the differing levels of digital platform familiarity and engagement be­ tween younger and older consumers (Xin et al., 2023). To explore this, age was divided into two groups in this research: those below and above 30 years old. An independent samples T-test was conducted to assess the differences in impulse buying intentions between these groups. The 5.4. Moderating effect test Product type is a categorical variable with two options. In the dataset, the option “search products” is denoted as 0 and “experience products” as 1. The moderating effect was tested using group regression analysis. Table 6 shows that in the overall model, consumer vulnerability has a significant impact on impulse buying. When it’s search product, the positive effect of consumer vulnerability on impulse buying is enhanced Fig. 2. Structural equation modeling results. 6 Y. Zhang et al. Journal of Retailing and Consumer Services 79 (2024) 103853 Table 5 Mediating effect test. AC - > CV - > IB LSA - > CV - > IB TP - > CV - > IB Indirect effects Standard deviation T-statistic P-value Lower limit Upper limit Hypothesis testing 0.042 0.035 0.020 0.016 0.015 0.010 2.675 2.409 2.111 0.007 0.016 0.035 0.014 0.011 0.005 0.075 0.068 0.042 H8(Supported) H9(Supported) H10(Supported) Table 6 Grouped regression model. Overall Constants Consumer vulnerability R2 Adjust R2 F-value Search products Experience products B t β B t β B t β 2.327 0.488 0.175 0.173 86.808*** 12.700*** 9.317*** – 0.418 0.969 0.834 0.428 0.426 152.948*** 3.680*** 12.367*** – 0.655 3.263 0.181 0.019 0.014 3.971* 11.777*** 1.993* – 0.139 Dependent variable: impulse buying, *p < 0.05, **p < 0.01, ***p < 0.001. Table 7 Regression coefficient difference test. Name Item 1 Item 2 Regression coefficient b1 Regression coefficient b2 Difference t value p value Consumer vulnerability when Search products Experience products 0.834 0.181 0.653 5.777 0.000 consumer vulnerability, and consumers’ impulse buying. The moder­ ating role of product type is also examined. Empirical results from 411 valid responses support all the hypothesized relationships and derive answers to the research questions raised in the Introduction section. Anchor characteristics is found to affect consumers’ impulsive pur­ chasing. As an essential source of product information, an anchor is expected to be able to fully deliver product information to consumers through explanation and interaction (Zhu et al., 2021). This finding is consistent with prior studies that when consumers watch live broadcasts of anchors with such characteristics as credibility, professionalism, and attractiveness, they are likely to have strong impulses and make un­ planned purchases (Huang and Li, 2023). In addition, prior study has confirmed that in traditional shopping scenarios, salespeople’s sales pitches can stimulate consumers’ vulnerability (Shi et al., 2017). In this study, we expand the research context to short-video live-streaming e-commerce platforms, demonstrating that the characteristics of sales personnel in live e-commerce, that is, anchor characteristics, likewise directly stimulate consumer vulnerability. Live stream activity is a novel characteristic of LE. It is found in the current study that the more activity in the live stream, the easier for viewers to make impulsive consumption. In a conventional e-commerce setting, consumption is primarily an individual event, characterized by limited consumer-to-consumer interaction. In contrast, within a live stream room, where consumers collectively view live broadcasts, a pronounced social influence prevails. Particularly when the live stream garners a substantial viewership, individuals tend to be swayed by the crowd, often emulating others’ purchasing decisions. In addition, the activity level in the live stream is usually a reflection of the anchor’s popularity (Kuan et al., 2014). In a highly active live stream where the anchor is popular among consumers, consumers tend to impulsively consume because they are fond of the anchor rather than merely of product. Furthermore, this study first confirms that, as a unique element of LE, live-stream activity can serve as an external stimulus of consumer vulnerability (Kuan et al., 2014). High live stream activity can trigger the herd effect, which makes consumers vulnerable and likely to be influenced by group behaviors and characteristics (Yi et al., 2020). Subsequently, consumers may follow the behaviors of other consumers in the live stream to make decisions, resulting in impulsive shopping (Yi et al., 2020). Fig. 3. Moderation effects. findings (see Table 8) reveal that the younger group (below 30 years) displayed a significantly higher impulse buying intention (M = 4.15, SD = 1.01) than the older group (above 30 years) (M = 3.77, SD = 1.23), with a T-test result of t = 3.439, p = 0.001 (<0.05). This suggests that younger consumers are more prone to impulse purchases on LESP, likely due to their higher engagement with social media and greater adapt­ ability to new technologies. 6. Discussion Short video live e-commerce has become a popular marketing model nowadays. As a fast-growing and prospective new industry, its advan­ tages in attracting user traffic and changing it into cash have made significant contributions to the development of digital economy. Drawing on S–O-R, this study empirically examined the relationships between anchor characteristics, time pressure, live stream activity, Table 8 Independent-samples t-test. IB Younger group Older group Mean Standard deviation Mean Standard deviation 4.15 1.01 3.77 1.23 Tstatistic Pvalue 3.439 0.001 7 Y. Zhang et al. Journal of Retailing and Consumer Services 79 (2024) 103853 LESV impulsive purchasing. Although it has been proven that product type can influence consumers’ purchase behavior in the fields of tradi­ tional retail shopping and e-commerce, there are only little studies discussing whether and how product type influences consumers’ im­ pulse purchases in the LE context which find that product type did not play a moderating role in understanding impulse purchases. This study analyzes and empirically verifies that product type can serve as a moderating variable among consumer vulnerability and impulse buying in the LESV context. This finding expands the research on product type of impulse buying in LE by validating its moderating effect. Third, this study analyzes and verifies that live stream activity can stimulate consumer vulnerability and prompt consumers to make im­ pulse purchases. Live stream activity is a unique social attribute of short video live-streaming platforms. By confirming that live stream activity is a source of external stimulus for impulse purchases, this study adds to our understanding of impulsive purchasing, particularly in LE. In line with the findings of earlier research (Dong et al., 2023), this study found that time pressure is an important factor affecting con­ sumers’ impulse purchases. When consumers feel strong time pressure, they will have a strong impulse to buy (Cui et al., 2022). LESV usually demonstrates a product for a very short time, under which situation consumers cannot frequently weigh all the options carefully and logi­ cally, which can easily result in impulsive shopping behavior. In addi­ tion, prior studies have concluded that time pressure in traditional shopping environments can induce consumer vulnerability (Shi et al., 2017). This conclusion holds in the current study as it confirms that time pressure can also stimulate consumer vulnerability in LESV. The real-time nature of live commerce signifies that consumers are con­ fronted with events occurring in real-time and time-limited offers. The influence of time pressure adds to the urgency of the shopping experi­ ence and can be more effective in stimulating consumers’ vulnerability. In traditional shopping contexts, consumer vulnerability has been established to impact consumers’ impulsive buying intentions (Shi et al., 2017). This study introduces the concept of consumer vulnerability into the research of impulsive buying in live e-commerce. Through empirical research, it has been confirmed that consumer vulnerability is activated when consumers are stimulated by factors such as anchor characteris­ tics, time pressure, and live stream activity, thereby inducing impulsive buying intentions. This vulnerability is manifested in consumers being more susceptible to influence during the decision-making process, a reduction in their capacity for independent thought and critical evalu­ ation, diminished resistance to shopping temptations, and an increased likelihood of impulsive purchases. The results suggest that product type moderates between consumer vulnerability and impulse buying. In the context of LESV, compared with experience products, consumers can gain obvious information or attri­ butes of search products before making purchases, which reduces the uncertainty of the product as much as possible, increases trust in the product, and makes it easier to inspire the vulnerability of the consumer leads to make impulse purchases (Jin et al., 2020). In other words, consumer vulnerability has a greater impact on impulsive buying behavior towards search products than experience products. Current research in the live commerce domain on whether and how product types affect consumer impulsive buying is scant, with existing studies finding that product types do not serve a moderating role in impulsive purchasing (Hao and Huang, 2023). This study, through exploring different mechanisms of action, validates the moderating role of product types in live commerce. This discovery expands the research on the moderating role of product types in impulsive buying within the live commerce context. 7.2. Managerial implications 7. Conclusion The research results can offer helpful recommendations for the healthy development of LE by disciplining anchors’ behaviors, creating a benign live broadcasting platform environment, and avoiding con­ sumers’ excessive impulsive consumption. As public figures, anchors should improve their professional quality, abide by industry norms, create an optimistic image, and guide con­ sumers to buy products actively and reasonably. When introducing products, anchors should promote them within a reasonable range of live room activities and should not put excessive time pressure on viewers. The anchor should moderately and tactfully remind consumers of rational consumption from time to time to reduce the likelihood of consumer vulnerability. The live-streaming platforms should regulate their contents and be­ haviors of the anchor to create a healthy and benign LE environment and educate consumers about the consequences of impulsive buying. For example, when the live stream is highly active, the platform should set up pop-up tips to remind consumers of rational consumption. When anchors conduct promotion activities such as sec-killing and flash sales, the platform should allow a lag time between adding products to a shopping cart and making payments before consumers complete the purchase process. Consumers should enhance their awareness that they can become vulnerable beings when watching live-streaming because of anchor characteristics, live room activity, and time pressure. Thus, they should keep in mind of their actual needs and continuously improve their ability to identify and choose suitable products, stay rational, and avoid unnecessary impulsive consumption. 7.1. Theoretical implications 7.3. Limitations and future research Three key theoretical distinctions are made as follows: First, although previous research has verified that consumer vulnerability can be used as an intrinsic mechanism of irrational con­ sumption behavior to predict some irrational decision-making behaviors in the traditional shopping context (Shi et al., 2017), whether it is true in LE and how to predict it has not yet been discussed. Meanwhile, while most of the previous studies have examined impulse buying from the perspective of merchants’ sales promotion (Luo et al., 2024; Zhang et al., 2022), little study has examined impulse buying in LE from the view of consumer protection. This study offers a unique view that consumers are vulnerable agents to study impulsive buying in a live-streaming context. By bringing consumer vulnerability to LE situation and examining the role of consumer vulnerability in understanding consumers’ impulsive buying behavior in LESV, this study fills the gap in research on impulsive purchasing in LE from the view of consumer protection and broadens the research field and depth of consumer vulnerability. Second, the study verifies the moderating role of product type on The study also has two limitations which worth further study. First, the effects of some significant variables on consumers’ impulsive pur­ chases are under our control; however, consumer impulse buying is a complex process, and there might be other possible factors besides the factors considered in this study. Therefore, future studies can investigate these additional influencing variables and examine them in future research. Second, the data used to verify the research model in this research were collected through online questionnaires following a snowball sampling strategy. Future studies can adopt different forms of questionnaires and sampling strategies to diversify the sample and in­ crease the sample size to improve the external validity of the survey study. Funding This work was supported by the National Natural Science Foundation of China [grant number 72025101]. 8 Y. Zhang et al. Journal of Retailing and Consumer Services 79 (2024) 103853 Submission declaration Declaration of competing interest The work reported in this manuscript is not under consideration for publication elsewhere. Its publication is approved by all authors. If accepted, it will not be published elsewhere in the same form. The authors declare the following financial interests/personal re­ lationships which may be considered as potential competing interests: Xiangbin Yan reports financial support was provided by National Natural Science Foundation of China. If there are other authors, they declare that they have no known competing financial interests or per­ sonal relationships that could have appeared to influence the work re­ ported in this paper. CRediT authorship contribution statement Yundi Zhang: Writing – original draft, Visualization, Validation, Software, Investigation, Data curation. Tingting Zhang: Writing – re­ view & editing, Methodology, Formal analysis, Conceptualization. Xiangbin Yan: Supervision, Resources, Project administration, Funding acquisition. Data availability Data will be made available on request. Appendix A. Measurement items Construct Item Measurement Anchor characteristics AC1 AC2 AC3 AC4 AC5 AC6 AC7 AC8 AC9 AC10 AC11 AC12 LSA1 LSA2 LSA3 TP1 TP2 TP3 TP4 IB1 I trust the anchor from the live stream I watch The anchor is reliable when recommending products The content of the livestreaming is credible The anchor has special skills expertise The anchor has professional skills The anchor has professional knowledge The appearance of the anchor attracts me The anchor is interesting The anchor is fascinating The anchor has good interaction with me The live content of the anchor attracts me The anchor keeps me well engaged I was in a live stream with a large audience There are many consumers who buy goods in the live stream Consumers communicate very enthusiastically and frequently in the live stream Because of the fear of missing the sec-killing, I felt compelled to act quickly when watching live I feel too little time to engage in live purchasing. I always feel rushed when I shop live. I felt stressed due to the panic of the approaching purchase countdown. Viewing the live stream often tempts me to purchase items, even those outside my intended shopping list, due to the host’s persuasive recommendations. The live stream frequently triggers spontaneous urges to shop. The live stream evokes a desire in me to acquire products without thorough deliberation. I felt in a state of powerlessness about purchasing live-streaming goods I felt in a state of no choice about purchasing live-streaming goods I feel as if I have no control over purchasing live-streaming goods I seem to feel powerless about purchasing live-streaming goods I felt helpless about purchasing the live-streaming goods Purchasing the live goods was not from my willingness Purchasing the live goods was not of my own volition Purchasing the live goods did not reflect my true intentions Purchasing the live goods seems to go against my original intention. I recognize that it is my only choice at the moment to buy the live product I realize that I am in a restricted situation when for deciding to purchase the live product For the decision to buy the live product, I recognize that it was my choice for a helpless situation For the decision to purchase the live product, I recognized that it was not my ideal choice Live stream activity Time pressure Impulse buying Consumer vulnerability IB2 IB3 CV1 CV2 CV3 CV4 CV5 CV6 CV7 CV8 CV9 CV10 CV11 CV12 CV13 (continued on next page) 9 Journal of Retailing and Consumer Services 79 (2024) 103853 Y. Zhang et al. (continued ) Construct Item Measurement Appendix B. Total variance explained Ingredient 1 2 3 4 5 Initial eigenvalue Extraction sums of squared loadings Sum of squares of rotational load total Percentage variance Accumulation % Total Percentage variance Accumulation % Total Percentage variance Accumulation % 13.947 4.712 2.957 1.619 1.134 39.848 13.464 8.449 4.625 3.241 39.848 53.312 61.761 66.386 69.627 13.947 4.712 2.957 1.619 1.134 39.848 13.464 8.449 4.625 3.241 39.848 53.312 61.761 66.386 69.627 8.725 7.977 3.126 2.394 2.148 24.928 22.791 8.931 6.839 6.138 24.928 47.720 56.650 63.489 69.627 Appendix C. Non-response bias test Construct early group (within 5 days) (n = 35) late group (after 5 days) (n = 27) t p AC LSA TP IB CV 3.32 ± 0.98 3.59 ± 0.99 3.38 ± 1.08 3.98 ± 1.10 3.34 ± 0.98 3.20 ± 1.04 3.73 ± 0.99 3.39 ± 1.09 3.95 ± 1.18 3.39 ± 0.97 1.202 − 1.391 − 0.082 0.320 − 0.531 0.23 0.165 0.935 0.749 0.596 Appendix D. 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