Navigating the green wave: Understanding behavioral antecedents of sustainable cryptocurrency investment

This study fills a void in the literature on the intention to invest in sustainable cryptocurrency. It examines the behavioral antecedents of individuals' decision making in this expanding financial industry. A mixed-methods approach that combines partial least squares structural equation modeling (PLS-SEM) and fuzzy-set qualitative comparative analysis (fsQCA) is used to gain an understanding of the factors that lead to acceptance of sustainable cryptocurrencies and the obstacles to investing in them. This study is valuable for investors, policymakers, and managers in the digital currency business, providing practical insights and strategic implications. The study's findings underscore the relevance of regulatory frameworks and government assistance in fostering the adoption of sustainable cryptocurrencies. The study emphasizes the importance of customer trust and sustainability in influencing the adoption of sustainable cryptocurrencies. It advances the theory of sustainable finance, technology adoption, and behavioral economics. The study's limitations and recommendations for future research offer a path to further the understanding of this developing topic. • This study uses PLS-SEM and fsQCA to analyze factors influencing sustainable cryptocurrency investments comprehensively. • PU, PEU, and PT significantly predict attitudes and behavioral intentions toward investing in sustainable cryptocurrencies. • The study shows ECS and SOS shape positive attitudes, while ENVS needs more awareness to become a key driver for investors. • The findings guide policymakers to improve regulations, highlight sustainable crypto benefits, and address concerns for wider adoption.

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Publication Details

Journal
Technological Forecasting and Social Change
Published
2024-11-28
DOI
https://doi.org/10.1016/j.techfore.2024.123909
Citations
11
Primary Topic
Innovation Diffusion and Forecasting
Type
article
Field-Weighted Citation Impact
5.40
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article

Navigating the green wave: Understanding behavioral antecedents of sustainable cryptocurrency investment

Wissal Ben Arfi, Aymen Ammari, Victor Tiberius, George Bogdan Drăgan et al.
11 citations
Technological Forecasting and Social Change
Innovation Diffusion and Forecasting
5.40
article

Navigating the green wave: Understanding behavioral antecedents of sustainable cryptocurrency investment

Wissal Ben Arfi, Aymen Ammari, Victor Tiberius, George Bogdan Drăgan, Tatiana Khvatova
article en
11 citations

Abstract

This study fills a void in the literature on the intention to invest in sustainable cryptocurrency. It examines the behavioral antecedents of individuals' decision making in this expanding financial industry. A mixed-methods approach that combines partial least squares structural equation modeling (PLS-SEM) and fuzzy-set qualitative comparative analysis (fsQCA) is used to gain an understanding of the factors that lead to acceptance of sustainable cryptocurrencies and the obstacles to investing in them. This study is valuable for investors, policymakers, and managers in the digital currency business, providing practical insights and strategic implications. The study's findings underscore the relevance of regulatory frameworks and government assistance in fostering the adoption of sustainable cryptocurrencies. The study emphasizes the importance of customer trust and sustainability in influencing the adoption of sustainable cryptocurrencies. It advances the theory of sustainable finance, technology adoption, and behavioral economics. The study's limitations and recommendations for future research offer a path to further the understanding of this developing topic. • This study uses PLS-SEM and fsQCA to analyze factors influencing sustainable cryptocurrency investments comprehensively. • PU, PEU, and PT significantly predict attitudes and behavioral intentions toward investing in sustainable cryptocurrencies. • The study shows ECS and SOS shape positive attitudes, while ENVS needs more awareness to become a key driver for investors. • The findings guide policymakers to improve regulations, highlight sustainable crypto benefits, and address concerns for wider adoption.

Technological Forecasting and Social ChangeVol. 210
University of Potsdam (DE), University of Applied Sciences Potsdam (DE), France Business School (FR), Paris School of Business (FR), "Dunarea de Jos" University of Galati (RO), National Institute of Statistics and Economic Studies (FR), INSEEC School of Business and Economics (FR), École de management de Lyon (FR)
Responsible consumption and production
Openalex Percentile: Top 4%
Innovation Diffusion and Forecasting
5.40
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