From CFOs to crypto: exploratory study unraveling factors in corporate adoption

IF 6.9 1区经济学 Q1 BUSINESS, FINANCE

Financial Innovation Pub Date : 2024-09-02 DOI:10.1186/s40854-024-00661-z

José Campino, Bruna Rodrigues

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引用次数: 0

Abstract

Cryptocurrency adoption has gained significant attention across various fields owing to its disruptive potential and associated challenges. However, companies' adoption of cryptocurrencies remains relatively low. This study aims to comprehensively examine the factors influencing cryptocurrency adoption, their interrelationships, and their relative importance. To achieve this objective, we employ a Decision-Making Trial and Evaluation Laboratory (DEMATEL) approach coupled with network analysis tools. By adopting a practical approach rather than a purely theoretical one, our unique contribution lies in the valuable insights derived from experienced Chief Financial Officers (CFOs) of various companies with experience in both traditional finance and cryptocurrencies. Furthermore, the unique blend of analytical rigor and industry expertise supports the study's relevance, offering nuanced insights that are not only academically robust but also immediately applicable in the corporate landscape. Our findings highlight the paramount importance of safety in transactions and trust in the chosen platform for companies considering cryptocurrency adoption. Additionally, criteria such as faster transactions without geographical limitations, lower transaction fees, seamless integration with existing systems, and potential cost savings are identified as crucial drivers. Both the DEMATEL approach and network analysis reveal strong interconnections among the criteria, emphasizing their interdependence and, notably, their reliance on transactional safety. Furthermore, our causes and effects analysis indicates that CFOs perceive company-led cryptocurrency adoption to positively impact the broader cryptocurrency market.

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从首席财务官到加密货币：探索性研究揭示企业采用加密货币的因素

由于其颠覆性潜力和相关挑战，加密货币的采用在各个领域都获得了极大关注。然而，企业对加密货币的采用率仍然相对较低。本研究旨在全面研究采用加密货币的影响因素、其相互关系及其相对重要性。为实现这一目标，我们采用了决策试验和评估实验室（DEMATEL）方法，并结合网络分析工具。通过采用实践方法而非纯理论方法，我们的独特贡献在于，我们从具有传统金融和加密货币经验的各公司首席财务官（CFO）那里获得了宝贵的见解。此外，分析的严谨性和行业专业知识的独特融合支持了本研究的相关性，提供了细致入微的见解，这些见解不仅在学术上具有说服力，而且可立即应用于企业领域。我们的研究结果突出表明，对于考虑采用加密货币的公司来说，交易安全和对所选平台的信任至关重要。此外，无地域限制的快速交易、较低的交易费用、与现有系统的无缝集成以及潜在的成本节约等标准也被认为是至关重要的驱动因素。DEMATEL 方法和网络分析都揭示了这些标准之间的紧密联系，强调了它们之间的相互依赖性，尤其是它们对交易安全性的依赖性。此外，我们的因果分析表明，首席财务官们认为公司主导的加密货币应用会对更广泛的加密货币市场产生积极影响。

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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来源期刊

Financial Innovation Economics, Econometrics and Finance-Finance

CiteScore

11.40

自引率

11.90%

发文量

审稿时长

5 weeks

期刊介绍： Financial Innovation (FIN), a Springer OA journal sponsored by Southwestern University of Finance and Economics, serves as a global academic platform for sharing research findings in all aspects of financial innovation during the electronic business era. It facilitates interactions among researchers, policymakers, and practitioners, focusing on new financial instruments, technologies, markets, and institutions. Emphasizing emerging financial products enabled by disruptive technologies, FIN publishes high-quality academic and practical papers. The journal is peer-reviewed, indexed in SSCI, Scopus, Google Scholar, CNKI, CQVIP, and more.