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Blockchain Technology, Enterprise Risk and Enterprise Performance

Author

Listed:
  • 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)

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.

Suggested Citation

  • Ye Zhen & Wen Qiao & Ruyuan Wang & Wenli Wang, 2023. "Blockchain Technology, Enterprise Risk and Enterprise Performance," Sustainability, MDPI, vol. 16(1), pages 1-17, December.
    • Handle: RePEc:gam:jsusta:v:16:y:2023:i:1:p:70-:d:1304230
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    References listed on IDEAS

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