The financial services sector is on the brink of a substantial transformation as quantum computing (QC) promises unprecedented speeds for processing data, particularly in the areas of accounting, risk management, trading and fraud detection. Such cutting-edge technology transforms how financial institutions handle large volumes of financial data and intricate transactions by leveraging qubits to conduct complex computations exponentially faster than classical computers. However, the crucial question here is as follows: Are financial firms ready to adopt quantum technology? This study aims to examine QC adoption intention and technological readiness for QC adoption (TRQA) among accounting and auditing firms (AAFs).
This study used an online validated and reliable survey to estimate an integrated model of technology–organization–environment-technology acceptance model-resource dependence theory. It gathered responses from AAFs and analyzed them using partial least squares structural equation modeling.
The research revealed that QC adoption intention in the financial services sector was fostered by vendor ecosystem, competitive pressure, government support, relative advantage, top management support and perceived usefulness. In contrast, ease of use failed to report such a result. Behavioral adoption intention was found to be a positive driver for TRQA. The inclination to embrace QC in the accounting and finance sector could encourage efforts to build the necessary skills and resources, thereby improving technological preparedness and enabling organizations to fully leverage the advantages of quantum technology. Results also showed that organizational innovation climate-moderated interaction of QC adoption intention on firms’ TRQA was significant.
To the best of the authors’ knowledge, this attempt is likely among the first to empirically investigate technological readiness for the adoption of QC. It not only advances scholarly conversations on QC but also delivers actionable strategies for stakeholders to boost businesses’ readiness for this emerging revolutionary technology.
