Liked by the brave few? Investigating the role of network, diffusion, and institutional factors as drivers of uneven digital currency adoption
摘要
This study investigates the uneven diffusion of digital currency adoption, through an integrated framework combining Diffusion of Innovation Theory, Network Externalities Theory, and Institutional Theory. A cross-sectional survey of 401 respondents from India was conducted using a hybrid non-probability sampling strategy. Constructs were measured using validated scales and analyzed via Partial Least Squares - Structural Equation Modelling, including multigroup analysis based on varying levels of mimetic and normative institutional pressures. Network externalities emerged as powerful yet context-sensitive drivers. Surprisingly, some classic innovation attributes faded in predictive power, while institutional pressures rewired several relationships.