<p>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.</p>

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Liked by the brave few? Investigating the role of network, diffusion, and institutional factors as drivers of uneven digital currency adoption

  • Eden Samuel Parthiban,
  • Vijay Amrit Raj

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.