94

Blockchain Technology

mentioned by the researchers comprised searching and receiving advice on conduct­

ing the research and consideration for persons’ liberty, volunteerism and privacy, as

suggested by Christensen et al. (2011).

6.4  DISCOVERIES AND DELIBERATIONS

6.4.1  Response Rate and Demographic Information

Of the 384 questionnaires administered, 140 respondents completed the question­

naire, bringing the response rate to 36.5%. On the face of it, this appears to be a low

response rate; however, according to Saunders et al. (2016), a 35% response rate is

satisfactory for most academic studies, with other prior online surveys recording a

response rate as low as 20% (Alrousan & Jones, 2016). The biographic information

of respondents included age, academic qualifications, gender and employment sta­

tus as well as level of income. The majority of the respondents were aged between

26 and 35 years (57.2%), followed by the age group of 36-45 years (23.6%); thus,

80.8% were in the able-bodied working group. The older-aged group had a smaller

number of respondents, represented by a combined 5.7%. Based on this outcome, it

may be argued that most of the respondents were youths, and the study targeted this

group. With respect to educational qualifications, the majority of the respondents

(40.8%) had a degree, followed by diploma holders at 27.1%, while the postgradu­

ate group accounted for 24.3%. The number of respondents with secondary-level

education was insignificant, accounting for a mere 7.9%. This has been studied by

several researchers, such as Tornatzky and Fleisher (1990), whose findings show that

education does influence the validity of the findings. Lastly, regarding employment

status, most respondents (63.6%) were in full-time employment, in contrast to the

90% unemployment rate in the country (ZimStats, 2018).

6.4.2  Most Preferred Investment

The last issue tackled under demographics was the form of investment respondents

had in mind. Table 6.2 indicates the distribution of some of the investment options

TABLE 6.2

Other Forms of Investment

Frequency

Percentage

Valid Percentage

Cumulative Percentage

Stock exchange

31

22.1

22.1

22.1

Unit trusts

9

6.4

6.4

28.5

Savings

66

47.1

47.1

75.6

Properties

9

6.4

6.4

82

Business

22

15.8

15.8

97.8

Other

3

2.2

2.2

100

Total

140

100.0

100.0

Source: Primary data.