Individual Cultural Values and Profit Expectations on Investment Intentions in Crypto Currency: Religiosity as a Moderating Variable

M. Kurnia Rahman Abadi, Hamdino Bin Hamdan
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Abstract

This study intends to investigate the effects of conscious and unconscious processes on crypocurrency investment intention. The impact of personal cultural values, profit expectations, and religiosity on intentions for hazardous investments was examined within this paradigm. Additionally, the mediating function of profit expectations in the association between a person's cultural values and religion for crypocurrency investment intents was also examined. Additionally, the topic of religion as a mediator of profit expectations and crypocurrency investing purpose was covered. When our graduate students willingly shared the online survey link on their social networks between February and July 2022, the data were gathered. In all, 446 people responded to the questionnaire in this manner. The AMOS programme was used to carry out structural equation modelling (SEM), which was used to test the research model.In addition to these, the effects of age, education level, sex, and marital status on individual cultural values and investment intentions were examined. The age group of 41 to 50 years old had the highest uncertainty avoidance level. People above the age of 41 had the highest level of long-term orientation. The 51-year-old age group had the least risky investing objectives. Age did not influence collectivism or power distance. The amount of schooling had no impact on any variations in the pertinent variables. Intention to take risks, power distance, masculinity, and collectivism are all greater in men than in women, and married people are more likely to avoid uncertainty and to identify as men than unmarried people. This study is the first to examine the combined effect of conscious and unconscious processes on cryptocurrency investing intentions. The authors have also offered evidence for the presence of a link between these three factors. On the other hand, the number of empirical studies examining the relationship between profit expectancy, religion, and investment intention in cryptocurrency is rather small.
个人文化价值观和利润预期对加密货币投资意愿的影响:宗教信仰是一个调节变量
本研究旨在探讨有意识和无意识过程对加密货币投资意愿的影响。在这个范例中,研究了个人文化价值观、利润预期和宗教信仰对危险投资意图的影响。此外,还研究了利润预期在个人文化价值观和宗教对加密货币投资意图之间的关联中的中介作用。此外,还讨论了宗教作为利润预期和加密货币投资目的的中介的主题。当我们的研究生在2022年2月至7月期间自愿在他们的社交网络上分享在线调查链接时,数据被收集起来。总共有446人以这种方式回答了问卷。利用AMOS程序进行结构方程建模(SEM),并对研究模型进行验证。此外,年龄、受教育程度、性别和婚姻状况对个人文化价值观和投资意向的影响也进行了研究。41 ~ 50岁年龄组不确定性规避水平最高。41岁以上的人长期取向水平最高。51岁年龄组的投资目标风险最低。年龄对集体主义和权力距离没有影响。受教育时间对相关变量的变化没有影响。男性的冒险意愿、权力距离、男子气概和集体主义都比女性强,已婚人士比未婚人士更有可能避免不确定性,并将自己定位为男性。这项研究首次研究了有意识和无意识过程对加密货币投资意图的综合影响。作者还提供了这三个因素之间存在联系的证据。另一方面,研究利润预期、宗教信仰和加密货币投资意愿之间关系的实证研究数量相当少。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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