The Mediating Effect of Corporate Governance on the Relationship Between Blockchain Technology and Investment Efficiency

Ferdaws Ezzi (), Maher Abida and Anis Jarboui
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Ferdaws Ezzi: University of Sfax
Maher Abida: University of Sfax
Anis Jarboui: University of Sfax

Journal of the Knowledge Economy, 2023, vol. 14, issue 2, No 6, 718-734

Abstract: Abstract The purpose of the present study is to investigate the mediating role of corporate governance on the relationship between blockchain technology (BT) and investment efficiency. This research based on a sample of 297 European companies listed in the STOXX Europe 600-years’ data covering the 2014–2018 period, our feasible generalized least squares (FGLS) results show that implemented blockchain technology significantly and positively affects the investment efficiency enterprises. In addition, the link between BT and investment efficiency is mediated by corporate governance. The findings suggest that the positive effect BT on investment efficiency more pronounced for firms with good corporate governance practice.

Keywords: Blockchain technology; Investment efficiency; Corporate governance (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (2)

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DOI: 10.1007/s13132-022-00892-4

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