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Nexus among blockchain technology adoption and firm performance: perspective from mediating and moderating effects

Malik Muneer Abu Afifa (Department of Accounting, Al-Zaytoonah University of Jordan, Amman, Jordan)
Tho Hoang Nguyen (Accounting Department, Tien Giang University, Tien Giang, Vietnam)
Lien Thuy Le Nguyen (Accounting Department, Tien Giang University, Tien Giang, Vietnam)
Thuy Hong Thi Tran (Accounting Department, Tien Giang University, Tien Giang, Vietnam)
Nhan Thanh Dao (Accounting Department, Tien Giang University, Tien Giang, Vietnam)

International Journal of Organizational Analysis

ISSN: 1934-8835

Article publication date: 31 January 2024

116

Abstract

Purpose

This study aims to examine the relationship between blockchain technology (BCT) adoption and firm performance (FIP) mediated by cyber-security risk management (CSRM) in the context of Vietnam, a developing country. Besides, the mediating effect of risk-taking tendency (RTT) has been considered in the BCT–CSRM nexus.

Design/methodology/approach

Data is collected using a survey questionnaire of Vietnamese financial firms through strict screening steps to ensure the representativeness of the population. The ending pattern of 449 responses has been used for analysis.

Findings

The findings of partial least squares structural equation modeling demonstrated that CSRM has a positive effect on FIP and acts as a mediator in the BCT–FIP nexus. Furthermore, RTT moderates the relationship between BCT and CSRM significantly.

Practical implications

This study introduces the attractive attributes of applying BCT to CSRM. Accordingly, managers should rely on BCT and take advantage of it to improve investment resources, business activities and functional areas to enhance their firm's CSRM. Especially, managers should pay attention to enhancing their RTT, which improves FIP.

Originality/value

This study supplements the previous literature in the context of CSRM by indicating favorable effects of BCT and RTT. Additionally, this study identifies the effectiveness of RTT as well as its moderating role. Ultimately, this paper has been managed as a pioneering empirical study that integrates BCT, RTT and CSRM in the same model in a developing country, specifically Vietnam.

Keywords

Acknowledgements

The authors are grateful to the journal’s anonymous referees for their extremely useful suggestions to improve the quality of the paper.

Conflict of interest statement: The authors declare that there is no conflict of interest.

Citation

Abu Afifa, M.M., Nguyen, T.H., Nguyen, L.T.L., Tran, T.H.T. and Dao, N.T. (2024), "Nexus among blockchain technology adoption and firm performance: perspective from mediating and moderating effects", International Journal of Organizational Analysis, Vol. ahead-of-print No. ahead-of-print. https://doi.org/10.1108/IJOA-11-2023-4076

Publisher

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Emerald Publishing Limited

Copyright © 2024, Emerald Publishing Limited

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