Drivers and Obstacles of Consumers' Continuous Participation Intention in Online Pre-Sales: Social Exchange Theory Perspective.

This study focuses on the factors influencing consumers' continuous participation willingness in online pre-sale activities. Based on perceived value and social exchange theory, it analyzes how perceived benefits (including practical benefits, hedonic benefits, and social benefits) and perceived costs (including search costs, waiting costs, and adjustment costs) affect consumer satisfaction and their continuous participation intention in online pre-sales. A total of 527 valid questionnaires were collected, and structural equation modeling was used for data analysis. The results indicate that perceived benefits are significantly positively correlated with consumer satisfaction and their willingness to continue participating, while perceived costs are significantly negatively correlated with both aspects. Additionally, the study found that product type moderates the effect of perceived benefits and perceived costs on consumer satisfaction. This research helps retailers understand consumers' willingness to continuously participate in online pre-sales and provides valuable insights for developing pre-sale strategies.