Blockchain technology and environmental efficiency: Evidence from US-listed firms

【Author】 Tawiah, Vincent; Zakari, Abdulrasheed; Li, Guo; Kyiu, Anthony

【Source】BUSINESS STRATEGY AND THE ENVIRONMENT

【影响因子】10.801

【Abstract】This study examines the relationship between the adoption of blockchain technology and environmental efficiency by using a sample of US firms over the 2015-2019 period. Our results indicate that the adoption of blockchain technology is positively and significantly associated with environmental efficiency, suggesting that blockchain improves environmental sustainability. In further analyses, we determine that the relationship between blockchain and environmental efficiency is more pronounced for firms in financial and technological industries than for those in other industries. Our findings are also robust to other methods that control for endogeneity, including difference in difference regressions and propensity score matching. Overall, we provide empirical evidence to incentivize business leaders and policymakers to adopt innovative technologies, such as blockchain.

【Keywords】blockchain technology; carbon emissions; environmental efficiency; environmental sustainability

【发表时间】

【收录时间】2022-03-24

【文献类型】期刊

【主题类别】

区块链应用-环境领域-