Research on the Impact of Blockchain Technology on Real Earnings Management of Listed Companies
- 1 Department Name of Organization, Shaanxi University of Science and Technology, Xi’an, China
- 2 Department Name of Organization, Shaanxi University of Science and Technology, Xi’an, China
Abstract
From the perspective of company managements’ motivation and ability to adopt real earnings management, the impact of applying blockchain technology on real earnings management is empirically investigated by OLS multiple regression model with a sample of A-share listed companies in Shanghai and Shenzhen from 2012 to 2022. The results show that the application of blockcha in technology by listed companies can significantly inhibit their re al earnings management, and the proportion of institutional investors’ shareholding and the proportion of independent directors have a positive adjusting effect on this inhibition. In addition to this, other factors also have an impact on the relationship between blockchain and true earnings management, so further resea rch finds that the implementation of blockchain technol ogy by non-state- ow ned enterprises is more effective in suppressing their real earnings managemen t than state-owned enterprises; the implementation of blockch a in technology by listed companies has a stronger suppression effect on the level of real earnings management in cities with a higher level of Internet development; and digital transformation strengthens the suppression effect of blockchain technology on real earnings management.
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