ERIC Number: EJ1137167
Record Type: Journal
Publication Date: 2017-May
Abstractor: As Provided
Reference Count: 60
Exploring Perceived Risk and Risk Reduction Strategies in the Pursuit of Higher Education Abroad
Lam, Jason M. S.; Tong, David Yoon Kin; Ariffin, Ahmad Azmi M.
Journal of Studies in International Education, v21 n2 p83-104 May 2017
While past studies have merely focused on perceived risks that influence how students select the destination of international education best suited to their needs, research on perceived risk regarding post-purchase behavior remains limited. This study attempts to extend and redefine the perceived risk paradigm by uncovering the underlying elements of perceived risk among international students who are studying in Malaysian universities. Furthermore, it seeks to explore how demographic factors and risk reduction strategies can be applied to the perception of risk. Results for a sample group of 515 international students reveal that there are seven dimensions of perceived risk. Of all demographic factors tested, only place of residence (while studying in Malaysia) was found to influence perceived risk. Seeking information from the relevant authorities, proper savings plans, well organized study schedules, and advice from family members or peers are considered important to reduce students' perceptions of risk. This implies that perceived risk theory could also be applied to the higher education context in the post-purchase behavior.
Descriptors: Higher Education, Study Abroad, Foreign Students, Foreign Countries, At Risk Students, College Students, Student Characteristics, Place of Residence, Access to Information, Family Influence, Peer Influence, Money Management, Risk Management, Questionnaires, Student Surveys, Mixed Methods Research
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Publication Type: Journal Articles; Reports - Research
Education Level: Higher Education; Postsecondary Education
Authoring Institution: N/A
Identifiers - Location: Malaysia