IDEAS home Printed from https://ideas.repec.org/a/eee/teinso/v73y2023ics0160791x23000350.html
   My bibliography  Save this article

Blockchain technology adoption and business performance in large enterprises: A comparison of the United States and China

Author

Listed:
  • Tseng, Fang-Mei
  • Liang, Ching-Wen
  • Nguyen, Ngoc B.

Abstract

Blockchain technology has been used by many companies to improve their production processes and reduce costs. However, the impacts of the adoption of these new technologies on the operating performance of large enterprises are not yet sufficiently understood. Previous studies have mostly applied technology adoption theories such as the technology, organization, and environment (TOE) framework and the technology acceptance model (TAM) and used questionnaires to collect data, which do not measure actual adoption. Therefore, this study uses the resource-based view and real data to explore whether the adoption of new technologies (using blockchain as an example) is affected by the size of the company and its investment in innovation and whether the business performance of such a company is improved by the adoption of new technologies and investment in research and development (R&D), taking country (the United States and China) as a moderator. The research sample includes US Fortune 500 and China Fortune 500 companies from 2012 to 2019. Findings show that the scale of corporate assets and R&D investment are important driving factors behind the adoption of blockchain technology, larger companies in the United States (but not China) adopt blockchain technology, enterprises’ investment in innovation and their adoption of blockchain technology help improve corporate business performance, and the improvement in operating performance in the US companies using blockchain is greater than that in Chinese enterprises.

Suggested Citation

  • Tseng, Fang-Mei & Liang, Ching-Wen & Nguyen, Ngoc B., 2023. "Blockchain technology adoption and business performance in large enterprises: A comparison of the United States and China," Technology in Society, Elsevier, vol. 73(C).
    • Handle: RePEc:eee:teinso:v:73:y:2023:i:c:s0160791x23000350
    DOI: 10.1016/j.techsoc.2023.102230
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0160791X23000350
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.techsoc.2023.102230?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.

    Citations

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


    Cited by:

    1. Xu, Yong & Zhao, Xin & Wang, Jian & Xie, Peijun, 2023. "Clarifying the dispute of corporate social responsibility: Evidence from green technological innovation," Technology in Society, Elsevier, vol. 75(C).
    2. Ankit Dhiraj & Sanjeev Kumar & Divya Rani & Simon Grima & Kiran Sood, 2023. "Blockchain Payment Services in the Hospitality Sector: The Mediating Role of Data Security on Utilisation Efficiency of the Customer," Data, MDPI, vol. 8(8), pages 1-14, July.
    3. wael AL-khatib, Ayman, 2023. "Drivers of generative artificial intelligence to fostering exploitative and exploratory innovation: A TOE framework," Technology in Society, Elsevier, vol. 75(C).

    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:teinso:v:73:y:2023:i:c:s0160791x23000350. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: https://www.journals.elsevier.com/technology-in-society .

    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.