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Blockchain technology, big data evidence, and financial crime

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  • Zhang, Yuchi
  • Duan, Fupeng

Abstract

Based on data from listed companies between 2013 and 2023, this paper explores the relationship between the application of blockchain technology, the capabilities of big data evidence, and corporate financial crime. The study finds that higher levels of blockchain technology application correlate with lower rates of corporate financial crime; stronger big data evidence capabilities are associated with decreased financial crime; and big data evidence capabilities mediate the relationship between blockchain technology application and financial crime. Furthermore, this mediating role exhibits heterogeneity across companies with varying levels of financial leverage. The research conclusions provide new empirical support for the role of digital technology in financial governance and risk management.

Suggested Citation

  • Zhang, Yuchi & Duan, Fupeng, 2026. "Blockchain technology, big data evidence, and financial crime," Finance Research Letters, Elsevier, vol. 91(C).
    • Handle: RePEc:eee:finlet:v:91:y:2026:i:c:s1544612325025085
    DOI: 10.1016/j.frl.2025.109259
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    References listed on IDEAS

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    1. Lamprini Zarpala & Fran Casino, 2021. "A blockchain-based forensic model for financial crime investigation: the embezzlement scenario," Digital Finance, Springer, vol. 3(3), pages 301-332, December.
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    3. Han, Han & Zhang, Pu & Liu, Chang & Zheng, Yinglong, 2025. "Financial technology development, regional marketization, and the effectiveness of criminal investigation cases," Finance Research Letters, Elsevier, vol. 81(C).
    4. Oluwatoyin Esther Akinbowale & Polly Mashigo & Mulatu Fekadu Zerihun, 2023. "The integration of forensic accounting and big data technology frameworks for internal fraud mitigation in the banking industry," Cogent Business & Management, Taylor & Francis Journals, vol. 10(1), pages 2163560-216, December.
    5. Yao, Jian & Yang, Cunyi, 2025. "Financial technology and climate risks in the financial market," International Review of Financial Analysis, Elsevier, vol. 99(C).
    Full references (including those not matched with items on IDEAS)

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