STRATEGIC OPPORTUNITIES AND CHALLENGES OF QUANTUM COMPUTING ADOPTION IN FINANCIAL RISK MANAGEMENT: A TECHNOLOGY MANAGEMENT PERSPECTIVE

Quantum computing is widely regarded as a transformative technological paradigm with the potential to revolutionize financial risk management. Its unparalleled computational power promises breakthroughs in areas such as portfolio optimization, derivative pricing, cryptographic security, and stress testing. Yet, adoption is neither automatic nor uniform, as technological immaturity, high costs, organizational readiness gaps, and regulatory uncertainty constrain it. This study adopts a technology management perspective to investigate the strategic opportunities and challenges associated with the adoption of quantum computing in financial risk management. Drawing on an integrated framework combining the Technology–Organization–Environment (TOE) model, the resource-based view, dynamic capabilities, institutional theory, and ecosystem perspectives, the research employs a sequential mixed-methods approach. Qualitative interviews with industry experts and quantitative survey data from banks, insurance companies, and fintech firms are analyzed through thematic coding and structural equation modeling. The results demonstrate that perceived technological advantages strongly drive adoption intention, but this effect is moderated by security concerns. Organizational readiness emerges as a prerequisite, though it is shaped differently across sectors, while environmental pressures exert a weaker yet significant influence contingent on regulatory clarity. Strategic partnerships are found to amplify adoption by enhancing access to scarce expertise and infrastructure. These findings validate six hypotheses while introducing new conceptual contributions such as quantum readiness and strategic ambidexterity. The study advances theoretical understanding of technology adoption under uncertainty, provides actionable insights for managers, and offers policy recommendations to enable responsible diffusion of quantum computing in financial services.