Ivahzada Marella Edgina
Its novelty lies in: (a) formalizing seven explicit propositions (P1–P7) with explicit why-how-formal statement structure for each construct-to-construct relationship; (b) theorizing a differentiated serial mediation structure—full mediation in the upstream technical-structural segment (P1–P3) and partial mediation in the downstream relational-governance segment (P4–P7); (c) reversing the P6 direction to Sharia Compliance → Stakeholder Trust on Signaling Theory grounds; (d) defining Institutional Performance as a four-dimensional construct (financial, Sharia legitimacy, stakeholder value, and governance quality); and (e) specifying boundary conditions delimiting the framework’s scope to permissioned blockchain environments and high-religiosity market contexts.