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The impact of blockchain on firms' environmental and social performance

Author

Listed:
  • Carole Bernard

    (EESC-GEM Grenoble Ecole de Management, VUB - Vrije Universiteit Brussel [Bruxelles])

  • Rebecca Cardot

    (EESC-GEM Grenoble Ecole de Management, CERAG - Centre d'études et de recherches appliquées à la gestion - UGA - Université Grenoble Alpes)

  • Jamil Jaballah

    (EESC-GEM Grenoble Ecole de Management)

Abstract

This paper studies the relationship between blockchain patents and firms' environmental and social performance. Using data from USPTO, we assess the effect of these patents on subcategories and aggregate grades for social and environmental dimensions. Our results show a negative main effect of blockchain‐related patents on social and environmental grades. However, this effect is moderated by company size and focus on R&D. We exploit the first legislation favorable to blockchain in the United States and find a positive effect of blockchain patents on environmental grades, showing a change in corporate behavior regarding the use of blockchain.

Suggested Citation

  • Carole Bernard & Rebecca Cardot & Jamil Jaballah, 2024. "The impact of blockchain on firms' environmental and social performance," Post-Print hal-04684896, HAL.
    • Handle: RePEc:hal:journl:hal-04684896
    DOI: 10.1111/eufm.12510
    as

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