The impact of blockchain on firms' environmental and social performance

【Author】 Bernard, Carole; Cardot, Rebecca; Jaballah, Jamil

【Source】EUROPEAN FINANCIAL MANAGEMENT

【影响因子】2.295

【Abstract】This paper studies the relationship between blockchain patents and firms' environmental and social performance. Using data from USPTO, we assess the effect of these patents on subcategories and aggregate grades for social and environmental dimensions. Our results show a negative main effect of blockchain-related patents on social and environmental grades. However, this effect is moderated by company size and focus on R&D. We exploit the first legislation favorable to blockchain in the United States and find a positive effect of blockchain patents on environmental grades, showing a change in corporate behavior regarding the use of blockchain.

【Keywords】blockchain; environmental and social performance; patents

【发表时间】2024 2024 AUG 6

【收录时间】2024-08-12

【文献类型】实证数据

【主题类别】

区块链应用-实体经济-商业领域