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

Tawiah, V; Li, G; Zakari, A; Kyiu, A

Authors

V Tawiah

G Li

A Zakari



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.

Citation

Tawiah, V., Li, G., Zakari, A., & Kyiu, A. (2022). Blockchain technology and environmental efficiency: Evidence from US-listed firms. Business Strategy and the Environment, 31(8), 3757-3768. https://doi.org/10.1002/bse.3030

Journal Article Type Article
Acceptance Date Sep 17, 2021
Online Publication Date Mar 15, 2022
Publication Date 2022-12
Deposit Date Mar 2, 2022
Publicly Available Date Mar 28, 2024
Journal Business Strategy and the Environment
Print ISSN 0964-4733
Electronic ISSN 1099-0836
Publisher ERP Environment
Peer Reviewed Peer Reviewed
Volume 31
Issue 8
Pages 3757-3768
DOI https://doi.org/10.1002/bse.3030
Public URL https://durham-repository.worktribe.com/output/1212835

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