The role of interpersonal trust in cryptocurrency adoption

被引:31
作者
Jalan, Akanksha [1 ]
Matkovskyy, Roman [1 ,4 ]
Urquhart, Andrew [2 ]
Yarovaya, Larisa [3 ]
机构
[1] Rennes Sch Business, Rennes, France
[2] Univ Reading, ICMA Ctr, Henley Business Sch, Reading, England
[3] Southampton Business Sch, Ctr Digital Finance, Southampton, England
[4] Rennes Sch Business, 2 Rue Robert dArbrissel, F-35065 Rennes, France
关键词
Cryptocurrency; Ethical investment; Societal trust; Cryptocurrency adoption; CULTURAL-VALUES; CONSUMER TRUST; SOCIAL TRUST; RISK-TAKING; BITCOIN; INTERNET; MARKETPLACES; ANTECEDENTS; INFORMATION; ACCEPTANCE;
D O I
10.1016/j.intfin.2022.101715
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
Despite the impressive adoption of cryptocurrencies since Bitcoin was introduced in 2008, little academic attention has been paid to the role of interpersonal trust in fostering this adoption. In this paper, we quantify the effect of interpersonal trust on the interest in and adoption of the three largest cryptocurrencies by market capitalization - Bitcoin, Ethereum and Litecoin using data from the 7th wave of the World Values Survey, Twitter, and Google Trends. Our results indicate a positive and statistically significant effect of trust on interest in and adoption of cryptocurrencies, confirming the importance of trust in the growth of financial markets.
引用
收藏
页数:19
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