here are 2 very recent papers on your topic .....They would give you a much updated research paradigm on consumer behavior and social media...
Does Social Media Influence Consumer Buying Behavior? An Investigation Of Recommendations And Purchases Lukas P. Forbes,Eve M. Vespoli ,Journal of Business & Economics Research – February 2013 Volume 11, Number 2
The Effects of Social Media Marketing on Online Consumer Behavior ,Simona Vinerean 1 , Iuliana Cetina 1 , Luigi Dumitrescu 2 & Mihai Tichindelean 1 ,International Journal of Business and Management; Vol. 8, No. 14; 2013