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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
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    References listed on IDEAS

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    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.
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    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).

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