Blockchain technology acceptance by investment professionals: a decomposed TPB model
Journal of Financial Reporting and Accounting
ISSN: 1985-2517
Article publication date: 26 May 2022
Issue publication date: 21 March 2023
Abstract
Purpose
The rapid emergence and acceptance of blockchain applications by investment professionals has made this study significant. The study aims to examine the degree of trust and acceptance of blockchain technology in the Indian financial services industry.
Design/methodology/approach
The decomposed theory of planned behaviour (DTPB) model is investigated using responses from 200 investment professionals to an online survey on blockchain technology adoption, and partial least squares structural equation modelling using SmartPLS 3.0 is used to analyse the results.
Findings
In general, the results support a DTPB and offer the best fit to the data. This study may have significant drawbacks in predicting blockchain technology’s acceptance by investment professionals. Furthermore, the findings suggest that the research instruments used in this study, which engage users in business settings, are equally successful in the context of investment professionals.
Research limitations/implications
In predicting blockchain acceptance by investing experts, this study may have significant drawbacks.
Practical implications
As a result of TAM studies, it has been determined that perceived usefulness is more essential than perceived ease of use. Therefore, investment professionals may have discovered significant subjective normative impacts on behavioural intention. Management must devise techniques for implementing blockchain technology in digital financial services that are compatible with users’ workplaces.
Originality/value
Users may benefit from this research by concentrating on blockchain acceptance to improve digital banking services.
Keywords
Acknowledgements
The authors would like to express their gratitude to Professor Khaled Hussainey (Editor-in-Chief) and Professor Saad Yaseen (Guest Editor) of the Journal of Financial Reporting and Accounting for their confidence throughout the process. They would also like to thank the reviewers for their helpful comments.
Citation
Kumari, A. and Devi, N.C. (2023), "Blockchain technology acceptance by investment professionals: a decomposed TPB model", Journal of Financial Reporting and Accounting, Vol. 21 No. 1, pp. 45-59. https://doi.org/10.1108/JFRA-12-2021-0466
Publisher
:Emerald Publishing Limited
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