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Blockchain technology acceptance by investment professionals: a decomposed TPB model

Anitha Kumari (Department of Business Administration, Hindustan Institute of Technology and Science, Chennai, India)
N. Chitra Devi (Department of Business Administration, Hindustan Institute of Technology and Science, Chennai, India)

Journal of Financial Reporting and Accounting

ISSN: 1985-2517

Article publication date: 26 May 2022

Issue publication date: 21 March 2023

968

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

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Emerald Publishing Limited

Copyright © 2022, Emerald Publishing Limited

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