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Unveiling the black box: understanding digital assets' complexity

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  • Raghda Abdellatif Abdelkhalik Elsayed

    (University of Bisha
    Al-Azhar University)

Abstract

This study investigates, from various angles, the impacts of digital assets on financial systems, regulatory frameworks, and accounting procedures. To this end, this study will "open the black box" of digital assets by generating value-added information for accountants, investors, and legislators. Drawing on agency theory and the technology acceptance model (TAM), the study formulates hypotheses to examine how blockchain influences financial reporting transparency and how regulatory uncertainty impacts adoption decisions. Employing empirical data and multiple regression analysis, the study confirms that blockchain adoption improves reporting quality positively. However, extensive use is hindered by regulatory uncertainties. The conclusions offer policymakers, accountants, and investors with significant insights to take into consideration as they navigate the vibrant landscape of digital assets.

Suggested Citation

  • Raghda Abdellatif Abdelkhalik Elsayed, 2025. "Unveiling the black box: understanding digital assets' complexity," Future Business Journal, Springer, vol. 11(1), pages 1-22, December.
    • Handle: RePEc:spr:futbus:v:11:y:2025:i:1:d:10.1186_s43093-025-00456-3
    DOI: 10.1186/s43093-025-00456-3
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    References listed on IDEAS

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