Presenting the application model of blockchain technology and business performance management from the perspective of corporate governance
Subject Areas : Management Accounting
sara
yousefzadeh
1
(Ph.D. Student, Department of Accounting, Science and Research Branch, Islamic Azad University, Tehran, Iran)
فریدون
رهنمای رودپشتی
2
(Professor, Department of Accounting, Science and Research Branch, Islamic Azad University, Tehran, Iran)
hosein
badeei
3
(Assistant Professor, Department of Accounting, South Tehran Branch, Islamic Azad University, Tehran, Iran)
masoud
gholamzadeh
4
(Assistant Professor, Department of Accounting, Science and Research Branch, Islamic Azad University, Tehran, Iran)
Keywords: blockchain, business performance, corporate governance, internal control,
Abstract :
The security of recording transactions with the use of blockchain technology and the problems caused by the manipulation of information and documents of companies, caused the literature on the application of blockchain technology to investigate the expected effects of blockchain on improving corporate governance, or issues such as applications and analyzing the benefits of this technology to be paid in the scope of the company's audit. The purpose of this research is to determine the effect of using blockchain on the performance of companies from the perspective of corporate governance. This research is a cross-sectional data collection in terms of its practical purpose, in terms of time, and a survey in terms of its research implementation method. In this research, according to the purpose and nature of the research, the applied research method is used through structural equation analysis methods. According to the population size of 4000 executive and financial managers of listed companies and Cochran's formula, about 200 valid questionnaires were obtained for analysis. The results showed that the application of blockchain technology can significantly affect the performance of companies, both in the form of financial performance and operational performance. Also, blockchain has a double impact on the relationship between corporate governance and the performance of companies, and the application of blockchain has an increasing impact on improving the relationship between internal control according to the Kuzo framework and the company's performance.
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