Factors affecting institutional investors to add crypto-currency to asset portfolios

Sun, Wei; Dedahanov, Alisher Tohirovich; Shin, Ho Young; Li, Wei Ping

doi:10.1016/j.najef.2021.101499

Cited by 34 publications

(16 citation statements)

References 59 publications

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“…Three items were used to measure national identity based on Zhang et al’s 52 study. Three items were employed to measure usage based on Sun et al 54 .…”

Section: Methodsmentioning

confidence: 99%

“…Smart-PLS 3.0 was used as the main analysis software because DECP is a new technology. Previous researchers have proven that PLS technology provides some advantages related to testing new technology adoption by optimizing restrictive distributions and potential structural modelling 54 55 , 56 . Table 2 shows the demographic data of the sample, including those pertaining to gender, education level, age, and yearly income 21 .…”

Section: Methodsmentioning

confidence: 99%

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Extending UTAUT with national identity and fairness to understand user adoption of DCEP in China

Shin

2022

Sci Rep

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The introduction of digital currency electronic payment (DCEP) by the Central Bank of China is conducive to the central bank's timely grasp of macroeconomic dynamics and the internationalization of RMB. As DCEP is one of the first digital currencies issued by the central bank to be used on a large scale internationally, it is necessary to conduct research on its user adoption. Therefore, this research extends the unified theory of acceptance and use of technology (UTAUT) to explore factors affecting the adoption of DCEP. The researchers cooperated with city banks that have started to use DCEP, and distributed questionnaires to users in the lobbies of these banks. A total of 295 valid questionnaires were empirically examined with Smart-PLS. The results indicate that perceived fairness, habits, social influence and national identity have significant effects on usage, with p values less than 0.05. National identity is shown to be a significant moderator of the relationships between perceived fairness, habit, perceived risk and usage, with p values less than 0.05. National identity is shown to have no moderating effect between social influence and usage, with a p value greater than 0.05. This research provides the central bank and the government with suggestions to increase user enthusiasm and reduce user perceived risks, thereby promoting the widespread use of DCEP.

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“…Three items were used to measure national identity based on Zhang et al’s 52 study. Three items were employed to measure usage based on Sun et al 54 .…”

Section: Methodsmentioning

confidence: 99%

Section: Methodsmentioning

confidence: 99%

Extending UTAUT with national identity and fairness to understand user adoption of DCEP in China

Shin

2022

Sci Rep

Self Cite

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“…Meanwhile, according to Furnham (1984) in Herdjiono and Damanik (2016), Financial attitude can be reflected by six concepts or indicators: Obsession, Power, Effort, Inadequacy, Retention, and Security. Sun et al (2021) stated that investment intention is supported by several factors, such as knowledge, psychological factors, views (attitudes) and innovation which will play a role in determining strategy and decision making. In addition, Sathiyamurthi et al (2021) argue that investment intention is interrelated with knowledge, behaviour, and motivation to build wealth.…”

Section: Financial Well-beingmentioning

confidence: 99%

The effect of financial knowledge and financial well-being on investment intention mediated by financial attitude

Ilyas

Moeljadi²,

Djawahir³

2022

IJRBS

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Investment intention in millennials and Gen Z in Indonesia grows yearly. However, the cause of the growing enthusiasm for investment among millennials and Gen Z is recently fear of being vulnerable to Fear of Missing Out (FOMO) behaviour alone, not based on financial factors such as financial knowledge, financial well-being and financial attitude. This study aims to determine the role of financial knowledge and financial well-being on investment intention mediated by financial attitude. This research belongs to the type of explanatory research. Respondents in this study are Millennials and Gen Z generations who invest and live in Malang City. Determination of the number of samples in this study using the purposive sampling technique with a total sample of 400 respondents. Methods of collecting data using a questionnaire, then analyzed using PLS-SEM. The study results confirm that financial knowledge positively affects investment intention. Financial well-being does not affect investment intention. Financial attitude has a positive influence on investment intention. Financial knowledge and financial well-being have a positive influence on financial attitude. Financial attitude can partially mediate the relationship between financial knowledge and investment intention. In addition, financial attitude can also mediate the relationship between financial well-being and investment intentions fully. Millennials and Gen Z are expected to improve financial knowledge and attitudes to increase interest in more targeted investments. This advice will also positively impact the Financial Well-being of millennials and Gen Z in the future.

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“…Recent literature focused on the investor's acceptance, sentiments, and buying intentions (Sun et al, 2021), Gaies et al (2021), Jonker (2019), Alshamsi and Andras (2019). Flori (2019) Bitcoin's contribution to various portfolio construction strategies, along with other asset classes, others investigated the cryptocurrency price determinants.…”

Section: Review Of Literaturementioning

confidence: 99%

A Study on Cryptocurrency Investors’ Purchase Intentions: Revisiting the Brand Personality Theory

Chittineni

2022

IJEFI

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This paper aims to identify the factors affecting the investment decision of retail investors to add crypto assets to their portfolios. The personality theory and the innovation diffusion theory are used in this study to understand the characteristics that influence investors' buying intentions. The study results show that the retail investors' purchase intentions are influenced by familiarity with the asset, trust, risk and return profile of the asset class, and the perceived security of the investor. The study also examines the role of innovativeness as a moderating variable in the relationship between purchase intentions and the primary variables. The study confirms that innovativeness has a significant mediating role in the relationship between purchase intentions and trust and also in the relationship between purchase intentions and perceived security. The results indicate that innovativeness has no significant moderating impact on the relationship between purchase intentions and familiarity and also on the relationship between purchase intentions and risk and return consciousness.

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Factors affecting institutional investors to add crypto-currency to asset portfolios

Cited by 34 publications

References 59 publications

Extending UTAUT with national identity and fairness to understand user adoption of DCEP in China

Extending UTAUT with national identity and fairness to understand user adoption of DCEP in China

The effect of financial knowledge and financial well-being on investment intention mediated by financial attitude

A Study on Cryptocurrency Investors’ Purchase Intentions: Revisiting the Brand Personality Theory

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