5.1. Analysis of Reliability and Validity
We used Cronbach’s alpha and validation factor analysis to test the reliability and validity of the scales, respectively. As shown in
Table 3, the values of Cronbach’s alpha of image anthropomorphism, algorithmic aversion, purchase intention, and self-efficacy were 0.961, 0.921, 0.925, and 0.939, respectively. As they were all greater than 0.8, the questionnaire was considered to be reliable and highly internally consistent.
Table 4 shows that the statistic of Bartlett’s test of sphericity was 9280.034 at a significance level of 0.000 < 0.05. The original hypothesis should be rejected at a significance of α = 0.05, and the matrix of the correlation coefficients was considered to be significantly different from the unit matrix. Moreover, the KMO value was 0.92 > 0.8, because of which the items of the questionnaire were considered to be suitable for factor analysis.
To avoid homoscedasticity, we used a neutral context when designing the questionnaire. We blurred the roles of the items to eliminate the influence of the respondents’ qualifications on their answers. As the data in this study were self-reports by respondents who had had experience of virtual influencers, we used Harman’s one-way test of homoscedasticity and extracted the factors by using principal component analysis. The results are shown in
Table 5. The unrotated first factor explained only 34.12% of the overall variance. This indicates that there was no homogeneous variance in the data used here.
Further, we tested the validity of the four latent variables by using confirmatory factor analysis (CFA) to examine their convergence and discriminant validity and compared the indices of fit with those of several other models. The factor loadings of all the measured entries were higher than 0.6. Their
p-values reached the level of significance of 0.05, as shown in
Table 6, which suggests that all four factors had good convergent validity.
The results of the discriminant validity test are shown in
Table 7. It is evident that each fitting index of the four-factor model reached a high standard and was significantly better than those of the alternative models. We also calculated the average variance extracted (AVE) to assess discriminant validity. The square roots of the AVE for image anthropomorphization, algorithmic aversion, purchase intention, and self-efficacy on the diagonal were 0.869, 0.689, 0.661, and 0.572, respectively. These values are higher than the correlation coefficients of the data in the same column or peer group. This suggests that the main variables had satisfactory discriminative validity (see
Table 8). In summary, the data used in this paper were highly reliable and valid, providing a sound foundation for subsequent research.
5.3. Hypothesis Testing
We used stratified regression for hypothesis testing. We added the term representing the anthropomorphized image of the virtual influencer to the regression equation after centering the primary term. As shown in
Table 9, Model 5 was first used to test the effects of the individual characteristics of the variables on consumers’ purchase intention. Based on this, the primary term for image anthropomorphization was added to Model 6, and the results of regression showed that it had an insignificant effect on consumers’ purchase intention (β = −0.075,
p > 0.05). Model 7 included the quadratic term for image anthropomorphization. The results of regression showed that the primary term for image anthropomorphization was still insignificant (β = 0.04,
p > 0.05). By contrast, the quadratic term for image anthropomorphization had a significant positive effect on consumers’ purchase intention (β = 0.257,
p < 0.01), with a value of ΔR
2 of 0.227, and was significant at the 0.01 level. Therefore, Hypothesis 1 was accepted as valid; that is, there is a positive U-shaped relationship between the degree of anthropomorphization of the image of the virtual influencer and consumers’ purchase intention. In addition, Model 8 contained the variable for algorithmic aversion based on Model 5. The results of regression showed that algorithmic aversion had a significant negative effect on consumers’ purchase intention (β = −0.72,
p < 0.001), with an ΔR
2 of 0.425, and was significant at the 0.001 level. Therefore, Hypothesis 3 was valid; that is, algorithmic aversion has a significant negative effect on consumers’ purchase intention.
Furthermore, Model 1 first tested the effects of the individual characteristic variables on consumers’ algorithmic aversion. The primary term for image anthropomorphization was added to Model 1 to form Model 2, and the results of regression showed that its effect on algorithmic aversion was significant only at the 0.05 level (β = −0.105, p < 0.05). The secondary term for image anthropomorphization was added to Model 2 to form Model 3, and the results of regression showed that the primary term for image anthropomorphization was insignificant in this case (β = −0.029, p > 0.05). By contrast, the secondary term for image anthropomorphization significantly negatively influenced algorithmic aversion (β = −0.299, p < 0.01), with a value of ΔR2 of 0.367, and was significant at the 0.01 level. This result supports Hypothesis 2: The relationship between the degree of anthropomorphization of the image of the virtual influencer and algorithmic aversion is an inverted U-shaped curve.
We then plotted the curvilinear relationships in Hypotheses 1 and 2 by using vertices in Origin 2022. As shown in
Figure 3a, consumers’ purchase intention first reached its minimal value as image anthropomorphization increased, but it then increased with the continued enhancement in image anthropomorphization. When the value of image anthropomorphization was 4.297, that of consumers’ purchase intention reached its minimal value of 4.127. Similarly,
Figure 3b shows that algorithmic aversion first reached its maximum value with an increase in image anthropomorphism and then decreased when image anthropomorphism continuously increased. When the value of image anthropomorphism was 4.339, that of algorithmic aversion was 4.351.
Figure 3 thus further supports Hypotheses 1 and 2. This shows that there is a U-shaped relationship between image anthropomorphism and consumers’ purchase intention, and algorithmic aversion has a U-shaped relationship of inhibition, followed by activation, followed by restriction, respectively. Moreover, when consumers’ purchase intention and the algorithmic aversion were at their minimal values, the value of image anthropomorphization was closest to that of the medium-realistic image (M
cartoon = 2.7711, SD = 1.119; M
medium-realistic = 4.3972, SD = 1.042; M
hyper-realistic = 6.2452, SD = 0.473), with a difference of only 0.042. We can conclude that the anthropomorphization of the image of the virtual influencer is not identical to its image. When the image of the virtual influencer was in the medium-realistic category, consumers exhibited the highest algorithmic aversion and the lowest purchase intention.
Table 10 reports the non-linear equations relating image anthropomorphism with consumers’ purchase intention and algorithmic aversion, with F-values of 151.76784 and 71.34533, respectively. Both of them were significant at the 0.01 level, which once again verifies Hypotheses 1 and 2.
We subsequently tested Hypothesis 4. Given that the path from image anthropomorphism to consumers’ algorithmic aversion and purchase intention involved non-linear interactions, the traditional Baron and Kenny’s test of the effect of mediation [
75] might have distorted the relationship between the variables. We thus needed to calculate the instantaneous mediation θ to test the mediation effect. Stolzenberg claimed [
76] that when there is a non-linear relationship in the path of action of the independent variable (X) on the dependent variable (Y) through a mediator variable (M), the indirect rate of change in Y due to a change in M as a result of a change in X is denoted by θ:
Hayes and Preacher refer to the indirect rate of change θ as the instantaneous indirect effect [
77]. It is calculated by assigning a value to X with respect to Y, and then using the bootstrap method to test the instantaneous mediated effect corresponding to X. We used the MEDCURVE macro plug-in in SPSS 26.0 to obtain 5000 bootstrap samples to test the instantaneous mediating effect of algorithmic aversion between image anthropomorphism and purchase intention when image anthropomorphism had a mean and standard deviation of ±1, and the results are shown in
Table 11.
As shown in
Table 11, the confidence intervals were smaller than zero when the value of image anthropomorphism was
(2.6014), indicating that algorithmic aversion had a significant and negative transient mediating effect between image anthropomorphism and purchase intention. When image anthropomorphism was increased from
(2.6014) to
(4.3532), θ rose from −0.6579 to 0.0191, and the confidence interval appeared to be “across zero”, indicating that the positive instantaneous mediating effect of algorithmic aversion had changed “from nothing to something”. When image anthropomorphization was as high as
(6.1050), θ rose from 0.0191 to 0.6962, with confidence intervals greater than zero. This suggests that algorithmic aversion had a significant and positive instantaneous mediating effect between image anthropomorphization and purchase intention. Thus, Hypothesis 4 was verified.
To test Hypothesis 5, we simultaneously input self-efficacy, as well as the primary and secondary terms for image anthropomorphization and their interactions with self-efficacy, to the regression model to analyze the regression of algorithmic aversion.
Table 9 shows that the primary term for image anthropomorphization was still insignificant with respect to algorithmic aversion in Model 4 (β = −0.02,
p > 0.05). By contrast, the secondary term for image anthropomorphization significantly negatively affected algorithmic aversion (β = −0.301,
p < 0.001). In addition, self-efficacy and the interaction terms between the primary and secondary terms of image anthropomorphism and self-efficacy all had a significant effect on algorithmic aversion, with regression coefficients of −0.744 (
p < 0.001), 0.06 (
p < 0.05), and 0.108 (
p < 0.001), respectively. According to Aiken and West [
78], if only the coefficient of the term “independent variable × moderating variable” is significant when testing the moderating effect of the quadratic curve, the moderating variable changes only the slope of the curve but not its shape (e.g., its curvature). If only the coefficient of the term “the square of the independent variable × the moderator variable” is significant, then the moderator variable changes only the shape of the curve without changing its overall inclination. If both coefficients are significant, then both the inclination and the shape of the curve change. These results indicate that the coefficients of both interaction terms were significant and positive, while ΔR
2 was 0.137 and was significant at the 0.001 level. Thus, part of Hypothesis 5 was initially supported: Self-efficacy plays a moderating role in the inverted U-shaped relationship between the degree of anthropomorphization of the image of the virtual influencer and algorithmic aversion.
To further test the moderating role of self-efficacy in the inverted U-shaped relationship between image anthropomorphism and algorithmic aversion, we used the PROCESS macro plug-in in SPSS26.0 to obtain 5000 bootstrap samples by using Model 1, with the covariates serving as individual characteristic variables. We tested the moderating effects of the independent variable of the decentering of the primary term for image anthropomorphism and its squared term. The results are shown in
Table 12 and
Table 13.
Table 12 shows that the interaction between the primary term for image anthropomorphization and self-efficacy had no significant effect on algorithmic aversion (β = 0.03,
p > 0.05). The confidence interval contained zero, which indicates that self-efficacy had no moderating role in the linear relationship between the primary term for image anthropomorphization and algorithmic aversion.
Table 13 shows that the interaction between the secondary term for image anthropomorphization and self-efficacy had a significant positive effect on algorithmic aversion (β = 0.0926,
p < 0.001). Self-efficacy thus positively moderated the relationship between the secondary term for image anthropomorphization and algorithmic aversion, whereby an increase in self-efficacy by one unit enhanced the effect of image anthropomorphization on algorithmic aversion by 0.0926 units. In addition, the adjusted R
2 was 0.0552 and was significant at the 0.001 level. The moderating effect was thus significant. Hypothesis 5 is hence verified, i.e., self-efficacy moderates the relationship between the degree of anthropomorphization of the image of the virtual influencer and algorithmic aversion.
We estimated the significance of the slope of the regression line for self-efficacy under a mean and standard deviation of ±1 in all three cases.
Table 14 shows that self-efficacy had a significant negative effect on algorithmic aversion in the fitted quadratic term in the three cases of M − 1SD, M, and M + 1SD, with effects of −0.4001 (
p < 0.001), −0.2980 (
p < 0.001), and −0.1959 (
p < 0.001), respectively. This suggests that regardless of whether self-efficacy was high or low, its moderating effect was significant. As self-efficacy increased from 3.8409 to 6.0467, the magnitude of its effect increased from −0.4001 to −0.1959, indicating that the higher the self-efficacy, the flatter the inverted U-shaped relationship between image anthropomorphism and algorithmic aversion. Thus, Hypothesis 5 is partially supported.
We also combined the methods proposed by Aiken and Dawson to plot the effects of interactions between the variables, as shown in
Figure 4. In case of image anthropomorphism of a medium degree, i.e., medium-realistic virtual influencers, its inhibitory effect on the algorithmic aversion of consumers with a high self-efficacy was more prominent than those in cases of virtual influencers with cartoon images and hyper-realistic images. That is, when the image anthropomorphism was low and high, there was no significant difference in the moderating effect on the algorithmic aversion of consumers with varying self-efficacy levels. This further supports Hypothesis 5.
5.4. Results
The results of stratified regression show that the image-fitting quadratic term had a significant positive effect on consumers’ purchase intention (β = 0.257, p < 0.01). ΔR2 was 0.227 and significant at the 0.01 level; Hypothesis 1 is thus valid. Algorithmic aversion had a significant effect (β = −0.72, p < 0.001) on purchase intention; ΔR2 was 0.425 and significant at the 0.001 level; Hypothesis 3 is thus valid. The quadratic term for image anthropomorphization in the model of regression of algorithmic aversion had a significant negative effect on algorithmic aversion (β = −0.299, p < 0.01); ΔR2 was 0.367 and significant at the 0.01 level. Therefore, Hypothesis 2 is initially supported. We also calculated the instantaneous mediating effect θ. The confidence intervals were all lower than zero when image anthropomorphization had a value of , indicating that the negative instantaneous mediating effect of algorithmic aversion between image anthropomorphization and purchase intention was significant. When image anthropomorphization increased from to , θ rose from −0.6579 to 0.0191, and the confidence interval appeared to be “across zero”, indicating that the positive and transient mediating effect of algorithmic aversion had changed “from nothing to something”. When image anthropomorphization was , θ rose from 0.0191 to 0.6962, with confidence intervals greater than zero indicating that the positive and transient mediating effect of algorithmic aversion between image anthropomorphization and purchase intention was significant. Therefore, Hypothesis 4 is valid.
When self-efficacy, as well as the primary and secondary terms for image anthropomorphization and their interaction with self-efficacy, were simultaneously input into the regression model for algorithmic aversion, all of them had a significant impact on algorithmic aversion, with regression coefficients of −0.744 (p < 0.001), 0.06 (p < 0.05), and 0.108 (p < 0.001), respectively. This suggests that self-efficacy changed the skewness and shape of the curvilinear relationship between the degree of anthropomorphization of the virtual influencer’s image and algorithmic aversion. A moderating effect existed, and Hypothesis 5 is thus preliminarily supported. We also conducted a test of the moderating effects (Model 1, N = 5000 samples) by using the PROCESS macro-plugin in SPSS 26.0. The aim was to assess the moderating effect of the independent variables of the primary term for decentering image anthropomorphization and the secondary term for image anthropomorphization. The results showed that the interaction between the primary term for image anthropomorphization and self-efficacy had no significant effect on algorithmic aversion (β = 0.03, p > 0.05). The confidence interval contained zero, implying that self-efficacy had no moderating effect in the linear relationship between the primary term for image anthropomorphization and algorithmic aversion. Moreover, the interaction between the secondary term for image anthropomorphization and self-efficacy had a significant positive effect on algorithmic aversion (β = 0.0926, p < 0.001). Self-efficacy thus moderated the relationship between the secondary term for image anthropomorphization and algorithmic aversion in a positive manner. The adjusted R2 was 0.0552 and was significant at the 0.001 level. Thus, there was a significant moderating effect. Hypothesis 5 is thus supported, with self-efficacy moderating the curvilinear, rather than linear, relationship between image anthropomorphization and algorithmic aversion. Further, a simple slope analysis showed that self-efficacy led to a significant negative effect of the quadratic term for image anthropomorphization on algorithmic aversion in all three cases. M − 1SD, M, and M + 1SD had effects of −0.4001 (p < 0.001), −0.2980 (p < 0.001), and −0.1959 (p < 0.001), respectively, indicating that the moderating effect was significant irrespective of whether self-efficacy was high or low. As self-efficacy increased from 3.8409 to 6.0467, the effect size increased from −0.4001 to −0.1959, indicating that the higher the self-efficacy was, the flatter the inverted U-shaped relationship was between image anthropomorphism and algorithmic aversion. Therefore, Hypothesis 5 is valid.