Blockchain Technology Adoption

Stratopoulos, T. C., Victor Xiaoqi Wang, & Ye, H. (Jonathan). Use of Corporate Disclosures to Identify the Stage of Blockchain Adoption. Accounting Horizons (2022), 36 (1): 197–220. https://doi.org/10.2308/HORIZONS-19-101.

46 Pages Posted: 15 Jun 2018 Last revised: 11 Apr 2022

See all articles by Theophanis C. Stratopoulos

Theophanis C. Stratopoulos

University of Waterloo - School of Accounting and Finance

Victor Xiaoqi Wang

California State University, Long Beach - Department of Accountancy

Jonathan Ye

affiliation not provided to SSRN

Date Written: 2020

Abstract

Several studies have pointed to the transformative effects of blockchain on a wide spectrum of firms, industries, and professions. While there is a consensus within the business community that blockchain will have a real impact on the way firms do business, views diverge when it comes to the timing of diffusion (i.e., when will blockchain achieve mass adoption). In this study we propose that information gathering helps potential adopters form expectations regarding payoffs from blockchain adoption. Therefore, information gathering activities and the resulting information sources, such as web searches, news articles, book titles, and corporate disclosures are proxies that reveal the expectations of potential adopters. In particular, corporate disclosures directly reflect firms’ attitudes and expectations towards the new technology. We leverage data from the SEC Edgar database to estimate the current stage of blockchain adoption.

Keywords: blockchain, technology adoption, corporate disclosures, revealed expectations

JEL Classification: M15

Suggested Citation

Stratopoulos, Theophanis C. and Wang, Victor Xiaoqi and Ye, Jonathan, Blockchain Technology Adoption (2020). Stratopoulos, T. C., Victor Xiaoqi Wang, & Ye, H. (Jonathan). Use of Corporate Disclosures to Identify the Stage of Blockchain Adoption. Accounting Horizons (2022), 36 (1): 197–220. https://doi.org/10.2308/HORIZONS-19-101., Available at SSRN: https://ssrn.com/abstract=3188470 or http://dx.doi.org/10.2139/ssrn.3188470

Theophanis C. Stratopoulos (Contact Author)

University of Waterloo - School of Accounting and Finance ( email )

200 University Avenue West
Waterloo, Ontario N2L 3G1 N2L 3G1
Canada
519-888-4567 x35943 (Phone)

Victor Xiaoqi Wang

California State University, Long Beach - Department of Accountancy ( email )

1250 Bellflower Blvd.
Long Beach, CA 90840
United States

Jonathan Ye

affiliation not provided to SSRN

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