From CFOs to crypto: Unraveling factors in corporate adoption

• Autor(a) principal: Rodrigues, Bruna Gomes
• Data de Publicação: 2023
• Tipo de documento: Dissertação
• Idioma: eng
• Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
• Texto Completo: http://hdl.handle.net/10071/29896
• topic: Cryptocurrency; Empresa -- Company; CFO - chief financial officer; Criptomoeda

The aim of this research is to comprehend the characteristics that companies deem relevant when considering the adoption of cryptocurrencies as a payment method or investment avenue. In order to attain these insights, an extensive analysis of academic articles and literature pertaining to cryptocurrencies was conducted to discern the pivotal concepts that would inform the development of this research. This approach served to elucidate the primary research question of the study. Moreover, it was imperative to distinguish between fiat currency and cryptocurrencies, as the latter operates within a distinct financial framework. Given that the primary objective of this research is to ascertain the attributes that render cryptocurrencies and the underlying blockchain technology more appealing to multinational companies, a series of inquiries were formulated based on the findings of the literature review. These inquiries were directed toward financial experts to ensure the credibility and reliability of the research outcomes. Following a theoretical examination of academic studies and literature relevant to the subject, a query regarding the impact of cryptocurrencies on companies was meticulously crafted. This inquiry was subsequently administered to a panel of financial experts, and a quantitative method known as DEMATEL was employed to assess their responses. The DEMATEL method entails a decision-making technique that facilitates the construction of a cause-and-effect network of interconnected factors, along with a determination of the relative significance of each variable. The findings reveal that cryptocurrencies must bolster their security systems and policies to garner consideration as a viable financial option for companies.