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Blockchain technology and sustainable performance: moderated-mediating model with management accounting system and digital transformation

Author

Listed:
  • Nha Minh Nguyen

    (University of Economics Ho Chi Minh City)

  • Malik Abu Afifa

    (Al-Zaytoonah University of Jordan)

  • Duong Bui

    (University of Economics Ho Chi Minh City)

Abstract

This study scrutinizes the effect of blockchain technology on sustainable performance in the circumstances of Vietnam, a developing country. In which, we consider management accounting system as a mediating factor. Additionally, digital transformation is employed as the moderating variable for links in the research model. It provides empirical evidence about this context from manufacturing businesses in Vietnam. Our paper has been carried out utilizing a quantitative technique. Our population is already represented by manufacturing companies in Vietnam. Survey questionnaires were distributed to potential participants via their email. After removing missing answers and outliers, our final sample consisted of 568 observations. By employing the partial least squares structural equation modeling, our findings explicate that blockchain technology has a substantial favorable impact on sustainable performance, and management accounting system positively mediates this effect. Moreover, digital transformation acts as favorable moderator role on the link between blockchain technology and management accounting system, and the link between management accounting system and sustainable performance, respectively. Therefore, this paper has been conducted to complement experiential verification on sustainable performance in the early digital circumstances in developing market, particularly Vietnam. Accordingly, this is a pioneering study in this area that integrates all the above factors in the same experimental model. This contributes to supporting a scientific perspective for policy formulation to both digitize and internationalize the Vietnamese economy.

Suggested Citation

  • Nha Minh Nguyen & Malik Abu Afifa & Duong Bui, 2025. "Blockchain technology and sustainable performance: moderated-mediating model with management accounting system and digital transformation," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 27(3), pages 7255-7277, March.
    • Handle: RePEc:spr:endesu:v:27:y:2025:i:3:d:10.1007_s10668-023-04189-7
    DOI: 10.1007/s10668-023-04189-7
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