Blockchain Technology, Enterprise Risk and Enterprise Performance

Ye Zhen (), Wen Qiao, Ruyuan Wang and Wenli Wang
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Ye Zhen: School of Economics and Management, Taiyuan University of Science and Technology, Taiyuan 030024, China
Wen Qiao: School of Economics and Management, Taiyuan University of Science and Technology, Taiyuan 030024, China
Ruyuan Wang: School of Economics and Management, Taiyuan University of Science and Technology, Taiyuan 030024, China
Wenli Wang: School of Economics and Management, Taiyuan University of Science and Technology, Taiyuan 030024, China

Sustainability, 2023, vol. 16, issue 1, 1-17

Abstract: In order to explore the impact of the application of blockchain technology on enterprise performance, as well as the mechanism of enterprise risk and the information disclosure quality on this impact process, and taking the data of A-share listed companies in China’s manufacturing industry from 2015 to 2022 as a research sample, this paper adopts methods such as multi-period difference-in-differences (DID) modeling to conduct an empirical investigation. Findings: The application of blockchain technology can improve enterprise performance. Enterprise risk plays a partial mediating effect, because blockchain technology can reduce enterprise risk and thereby improve enterprise performance. Information disclosure quality has an inhibitory influence on the process by which blockchain technology affects enterprise risk and a facilitating influence on the process by which enterprise risk affects enterprise performance. The results show that manufacturing enterprises with low information disclosure quality can reduce enterprise risk by combining with blockchain technology in production, management, and other aspects, thus improving enterprise performance and promoting sustainable development of enterprise economy.

Keywords: blockchain technology; enterprise risk; enterprise performance; information disclosure quality (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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