IDEAS home Printed from https://ideas.repec.org/a/eee/riibaf/v66y2023ics0275531923001447.html
   My bibliography  Save this article

Blockchains: A review and research agenda for international business

Author

Listed:
  • Murimi, Renita
  • Bell, Greg
  • Rasheed, Abdul A.
  • Beldona, Sri

Abstract

A growing number of firms around the world are adopting blockchain technology. However, international business literature has devoted little attention to blockchain despite its potential to transform the field. Our study seeks to provide a thorough understanding of blockchain and the implications of the technology as it represents a new way to produce and maintain trust between organizations. We also provide a comprehensive discussion of the implications of blockchain for international business research. Specifically, we evaluate how blockchain can help firms overcome gaps in trust and increase transparency in supply chains, improve inter-organizational relationships, and reduce the need to internalize activities by lowering transaction costs. We also discuss how blockchains are transforming capital raising activities and accelerating the speed with which firms internationalize. We conclude with research opportunities for international business scholars to pursue to better understand the implications of blockchain technologies.

Suggested Citation

  • Murimi, Renita & Bell, Greg & Rasheed, Abdul A. & Beldona, Sri, 2023. "Blockchains: A review and research agenda for international business," Research in International Business and Finance, Elsevier, vol. 66(C).
  • Handle: RePEc:eee:riibaf:v:66:y:2023:i:c:s0275531923001447
    DOI: 10.1016/j.ribaf.2023.102018
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0275531923001447
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.ribaf.2023.102018?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Peter J Buckley & Jonathan P Doh & Mirko H Benischke, 2017. "Towards a renaissance in international business research? Big questions, grand challenges, and the future of IB scholarship," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 48(9), pages 1045-1064, December.
    2. Jean-Charles Rochet & Jean Tirole, 2003. "Platform Competition in Two-Sided Markets," Journal of the European Economic Association, MIT Press, vol. 1(4), pages 990-1029, June.
    3. Srilata Zaheer & Akbar Zaheer, 2006. "Trust across borders," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 37(1), pages 21-29, January.
    4. Lui, Steven S. & Ngo, Hang-yue & Hon, Alice H.Y., 2006. "Coercive strategy in interfirm cooperation: Mediating roles of interpersonal and interorganizational trust," Journal of Business Research, Elsevier, vol. 59(4), pages 466-474, April.
    5. Satish Nambisan & Shaker A. Zahra & Yadong Luo, 2019. "Global platforms and ecosystems: Implications for international business theories," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 50(9), pages 1464-1486, December.
    6. R Greg Bell & Igor Filatotchev & Abdul A Rasheed, 2012. "The liability of foreignness in capital markets: Sources and remedies," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 43(2), pages 107-122, February.
    7. Benjamin M Oviatt & Patricia Phillips McDougall, 1994. "Toward a Theory of International New ventures," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 25(1), pages 45-64, March.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Wang, Fenghua & Ye, Qiang & Li, Jiang & Shi, Wen, 2025. "Blockchain adoption and analyst forecast accuracy," Research in International Business and Finance, Elsevier, vol. 73(PA).
    2. Xiao, Lu & Xu, Xiaolin & Xue, Weili, 2024. "Blockchain mania without bitcoins: Evidence from the Chinese stock market," Research in International Business and Finance, Elsevier, vol. 67(PB).
    3. Li, Xiao & Wu, Ruoxi & Wang, Chen, 2024. "Impacts of bitcoin on monetary system: Is China's bitcoin ban necessary?," Research in International Business and Finance, Elsevier, vol. 69(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Cenamor, Javier, 2021. "Complementor competitive advantage: A framework for strategic decisions," Journal of Business Research, Elsevier, vol. 122(C), pages 335-343.
    2. Delios, Andrew & Li, Jiatao & Schotter, Andreas P.J. & Vrontis, Demetris, 2024. "Challenging the orthodoxy in international business research: Directions for “new” research areas," Journal of World Business, Elsevier, vol. 59(4).
    3. Jean, Ruey-Jer “Bryan” & Kim, Daekwan & Cavusgil, Erin, 2020. "Antecedents and outcomes of digital platform risk for international new ventures’ internationalization," Journal of World Business, Elsevier, vol. 55(1).
    4. Shaheer, Noman & Kim, Kijong & Li, Sali, 2022. "Internationalization of Digital Innovations: A Rapidly Evolving Research Stream," Journal of International Management, Elsevier, vol. 28(4).
    5. Arregle, Jean-Luc & Calabrò, Andrea & Hitt, Michael A. & Kano, Liena & Schwens, Christian, 2024. "Family business and international business: Breaking silos and establishing a rigorous way forward," Journal of World Business, Elsevier, vol. 59(3).
    6. Purkayastha, Anish & Kumar, Vikas & Gupta, Vishal K., 2021. "Emerging market internationalizing firms: Learning through internationalization to achieve entrepreneurial orientation," Journal of World Business, Elsevier, vol. 56(5).
    7. Ziliang Deng & Peter W Liesch & Zeyu Wang, 2021. "Deceptive signaling on globalized digital platforms: Institutional hypnosis and firm internationalization," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 52(6), pages 1096-1120, August.
    8. Ji, Junzhe & Li, Nicolas & Liouka, Ioanna & Fletcher, Margaret & Tang, Yee Kwan & Slow, Jonathan, 2021. "“Where to” micromultinationals? A tribute to Professor Pavlos Dimitratos," European Management Journal, Elsevier, vol. 39(4), pages 404-409.
    9. Keith D. Brouthers & Liang Chen & Sali Li & Noman Shaheer, 2022. "Charting new courses to enter foreign markets: Conceptualization, theoretical framework, and research directions on non-traditional entry modes," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 53(9), pages 2088-2115, December.
    10. Cuervo-Cazurra, Alvaro & Pananond, Pavida, 2023. "The rise of emerging market lead firms in global value chains," Journal of Business Research, Elsevier, vol. 154(C).
    11. Cristina Mihale-Wilson & K. Valerie Carl, 2024. "Designing incentive systems for participation in digital ecosystems—An integrated framework," Electronic Markets, Springer;IIM University of St. Gallen, vol. 34(1), pages 1-32, December.
    12. Wang, Zhe & Jiang, Dianchun & Zhang, Ming, 2024. "Seeking new location advantages: Analysis of emerging digital cross-border M&As—Based on TIMG index," International Business Review, Elsevier, vol. 33(2).
    13. Ochieng, Irene Achieng & Thornton, Heidi Coral & Owusu, Richard Afriyie, 2024. "Internationalisation patterns of African sharing economy companies: The role of gateway markets," Journal of Business Research, Elsevier, vol. 170(C).
    14. Yu, Honglan & Fletcher, Margaret & Buck, Trevor, 2022. "Managing digital transformation during re-internationalization: Trajectories and implications for performance," Journal of International Management, Elsevier, vol. 28(4).
    15. Galkina, Tamara & Yang, Man, 2020. "Bringing Nordic Slush to Asia: Entrepreneurial internationalization of an NGO as a social movement," International Business Review, Elsevier, vol. 29(6).
    16. Hongryol Cha & Masaaki Kotabe & Jie Wu, 2023. "Reshaping Internationalization Strategy and Control for Global E-Commerce and Digital Transactions: A Hayekian Perspective," Management International Review, Springer, vol. 63(1), pages 161-192, February.
    17. Malgorzata Poniatowska-Jaksch & Katarzyna Nowicka, 2021. "Transport Platforms in the EU towards Sustainable Development," European Research Studies Journal, European Research Studies Journal, vol. 0(2 - Part ), pages 779-797.
    18. Wu, Mian & (David) Liu, Yulong & Jasimuddin, Sajjad M. & (Justin) Zhang, Zuopeng, 2023. "Rethinking cross-border mobile payment ecosystems: A process study of mobile payment platform complementors, network effect holes and ecosystem modules," International Business Review, Elsevier, vol. 32(1).
    19. Zoltan J. Acs & Abraham K. Song & László Szerb & David B. Audretsch & Éva Komlósi, 2021. "The evolution of the global digital platform economy: 1971–2021," Small Business Economics, Springer, vol. 57(4), pages 1629-1659, December.
    20. Oliveira, Luis & Johanson, Martin, 2021. "Trust and firm internationalization: Dark-side effects on internationalization speed and how to alleviate them," Journal of Business Research, Elsevier, vol. 133(C), pages 1-12.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:riibaf:v:66:y:2023:i:c:s0275531923001447. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/ribaf .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.