Determinants of Accounting Students’ Intention to Learn Blockchain Technology: An Extended UTAUT2 Model
Keywords:
Blockchain Technology, learning intention, UTAUT2, technology awareness, accounting education
Abstract
This study examines the determinants of accounting students’ intention to learn blockchain technology, an issue that remains empirically underexplored even though blockchain is projected to transform accounting practice within the coming decade. Whereas prior research on blockchain adoption has concentrated on practitioners who already interact with the technology, the perspective of students as the future pipeline of the accounting profession, particularly in developing countries, has received limited attention. Building on an extension of the Unified Theory of Acceptance and Use of Technology 2 (UTAUT2) that incorporates a technology awareness construct, the study assesses how five determinants shape learning intention. Responses from 125 accounting students, obtained through an online seven-point Likert questionnaire, were examined with partial least squares structural equation modeling (PLS-SEM), and the model accounts for 53.1% of the variance in learning intention. Four determinants are positive and significant, with effort expectancy as the strongest predictor, whereas facilitating conditions exert a significant but negative effect. The findings validate an extended UTAUT2 for anticipatory technology adoption and inform the design of responsive digital accounting curricula.
References
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Shmueli, G., Sarstedt, M., Hair, J. F., Cheah, J.-H., Ting, H., Vaithilingam, S., & Ringle, C. M. (2019). Predictive model assessment in PLS-SEM: guidelines for using PLSpredict. European Journal of Marketing, 53(11), 2322–2347. https://doi.org/10.1108/EJM-02-2019-0189
Tarhini, A., Deh, R. M., Al-Busaidi, K. A., Mohammed, A. B., & Maqableh, M. (2017). Factors influencing students’ adoption of e-learning: A structural equation modeling approach. Journal of International Education in Business, 10(2), 164–182. https://doi.org/10.1108/JIEB-09-2016-0032
Venkatesh, V., Smith, R. H., Morris, M. G., Davis, G. B., Davis, F. D., & Walton, S. M. (2003). User acceptance of information technology: Toward a unified view. MIS Quarterly, 27(3), 425–478. https://doi.org/10.2307/30036540
Venkatesh, V., Walton, S. M., Thong, J. Y. L., & Xu, X. (2012). Consumer acceptance and use of information technology: Extending the unified theory of acceptance and use of technology. MIS Quarterly, 36(1), 157–178. https://doi.org/10.2307/41410412
Akter, M., Kummer, T. F., & Yigitbasioglu, O. (2024). Looking beyond the hype: The challenges of blockchain adoption in accounting. International Journal of Accounting Information Systems, 53. https://doi.org/10.1016/j.accinf.2024.100681
Al-Hattami, & Hamood Mohammed. (2024). What factors influence the intention to adopt blockchain technology in accounting education? Humanities and Social Sciences Communications, 11(1). https://doi.org/10.1057/s41599-024-03315-8
Alkhwaldi, A. F., Alidarous, M. M., & Alharasis, E. E. (2024). Antecedents and outcomes of innovative blockchain usage in accounting and auditing profession: an extended UTAUT model. Journal of Organizational Change Management, 37(5), 1102–1132. https://doi.org/10.1108/JOCM-03-2023-0070
Bonsón, E., & Bednárová, M. (2019). Blockchain and its implications for accounting and auditing. Meditari Accountancy Research, 27(5), 725–740. https://doi.org/10.1108/MEDAR-11-2018-0406
Dashkevich, N., Counsell, S., & Destefanis, G. (2024). Blockchain Financial Statements: Innovating Financial Reporting, Accounting, and Liquidity Management. Future Internet, 16(7). https://doi.org/10.3390/fi16070244
Davis, F. D. (1989). Perceived usefulness, perceived ease of use, and user acceptance of information technology. MIS Quarterly, 13, 319–340. https://doi.org/10.2307/249008
Desplebin, O., Lux, G., & Petit, N. (2025). Inclusion of blockchain in university accounting curricula: an overview of practices and strategies. Accounting Education, 34(2), 265–286. https://doi.org/10.1080/09639284.2024.2321125
Fishbein, Martin., & Ajzen, Icek. (1975). Belief, attitude, intention, and behavior : an introduction to theory and research. Addison-Wesley Pub. Co.
Hair, J. F., Risher, J. J., Sarstedt, M., & Ringle, C. M. (2019). When to use and how to report the results of PLS-SEM. European Business Review, 31(1), 2–24. https://doi.org/10.1108/EBR-11-2018-0203
Han, H., Shiwakoti, R. K., Jarvis, R., Mordi, C., & Botchie, D. (2023). Accounting and auditing with blockchain technology and artificial Intelligence: A literature review. International Journal of Accounting Information Systems, 48. https://doi.org/10.1016/j.accinf.2022.100598
Handoko, B. L., & Lantu, J. E. (2020). UTAUT 2 model for predicting auditor’s blockchain technology adoption. Proceedings of the 2021 12th International Conference on E-Business, Management and Economics (ICEME 2021), 82. https://doi.org/10.1145/3481127.3481168
Henseler, J., Ringle, C. M., & Sarstedt, M. (2015). A new criterion for assessing discriminant validity in variance-based structural equation modeling. Journal of the Academy of Marketing Science, 43(1), 115–135. https://doi.org/10.1007/s11747-014-0403-8
Hofstede, G. H. . (1980). Culture’s consequences : international differences in work-related values. SAGE.
Karahanna, E., Straub, D. W., & Chervany, N. L. (1999). Information technology adoption across time: A cross-sectional comparison of pre-adoption and post-adoption beliefs. MIS Quarterly, 23(2), 183–213. https://doi.org/10.2307/249751
Nakamoto, S. (2008, October 31). Bitcoin: A Peer-to-Peer Electronic Cash System. https://bitcoin.org/bitcoin.pdf
Novak, A., Barišić, I., & Žager, K. (2022). Implications of Blockchain Application to Accounting Education and Accounting Practice. Proceedings of the 17th European Conference on Innovation and Entrepreneurship (ECIE 2022), 378–386. https://doi.org/10.34190/ecie.17.1.832
Parasuraman, A. (2000). Technology Readiness Index (Tri). Journal of Service Research, 2(4), 307–320. https://doi.org/10.1177/109467050024001
Pimentel, E., & Boulianne, E. (2020). Blockchain in Accounting Research and Practice: Current Trends and Future Opportunities. Accounting Perspectives, (4), 325–361. https://doi.org/10.1111/1911-3838.12239
Rani, R. H., & Pratolo, S. (2024). The Readiness of Private Higher Education Institutions in Indonesia to Adopt Blockchain Technology in Accounting Information Systems. MAKSIMUM, 14(2), 257. https://doi.org/10.26714/mki.14.2.2024.257-274
Ringle, C. M., Wende, S., & Becker, J.-M. (2024). SmartPLS 4 (4). SmartPLS. https://www.smartpls.com
Şahin, İ. E., & Kurniawan, D. (2025). Accounting profession and accounting education response in the era of blockchain development: Bibliometric and literature review. Ömer Halisdemir Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 18(3), 938–955. https://doi.org/10.25287/ohuiibf.1706846
Shmueli, G., Sarstedt, M., Hair, J. F., Cheah, J.-H., Ting, H., Vaithilingam, S., & Ringle, C. M. (2019). Predictive model assessment in PLS-SEM: guidelines for using PLSpredict. European Journal of Marketing, 53(11), 2322–2347. https://doi.org/10.1108/EJM-02-2019-0189
Tarhini, A., Deh, R. M., Al-Busaidi, K. A., Mohammed, A. B., & Maqableh, M. (2017). Factors influencing students’ adoption of e-learning: A structural equation modeling approach. Journal of International Education in Business, 10(2), 164–182. https://doi.org/10.1108/JIEB-09-2016-0032
Venkatesh, V., Smith, R. H., Morris, M. G., Davis, G. B., Davis, F. D., & Walton, S. M. (2003). User acceptance of information technology: Toward a unified view. MIS Quarterly, 27(3), 425–478. https://doi.org/10.2307/30036540
Venkatesh, V., Walton, S. M., Thong, J. Y. L., & Xu, X. (2012). Consumer acceptance and use of information technology: Extending the unified theory of acceptance and use of technology. MIS Quarterly, 36(1), 157–178. https://doi.org/10.2307/41410412
Published
2026-07-21
How to Cite
Munthe, S. P. B., Siregar, B., Miswanto, M., & Frasto Biyanto. (2026). Determinants of Accounting Students’ Intention to Learn Blockchain Technology: An Extended UTAUT2 Model. International Journal of Economics, Business and Innovation Research, 5(04), 4723-4741. https://doi.org/10.63922/ijebir.v5i04.5233
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