SHS Web Conf.
Volume 163, 20232023 8th International Conference on Social Sciences and Economic Development (ICSSED 2023)
|Number of page(s)
|Corporate Decision Making and Brand Operations Sales
|28 April 2023
Block Chain Policy’s Impact on Firms’ Performance Based on PSM-DID
University of Glasgow
Early in 2020, China’s National Development and Reform Commission initially outlined the parameters of new infrastructure, with blockchain technology serving as a crucial tenet. A technologically advanced infrastructure system based on information networks, targeted at the requirements of high-quality development, and offering services like digital transformation, intelligent upgrades, and integrated innovation is what is hoped to be built. This study builds a DID model for analysis and aims to investigate how the adoption of the blockchain policy has affected the performance of various carbon emission enterprises. The paper discovered that blockchain regulation has a negative impact on the performance of high-carbon emission businesses using the DID model. A robustness assessment using PSM-DID reveals the same results. Furthermore, we found that the current ratio and ttm had a positive impact on corporate performance. This paper still has some limitations. To explore the impact of blockchain policy on the performance of various types of organizations, the article does not take into account the state-owned and non-state-owned qualities of enterprises. Future research on this topic will focus on the characteristics of businesses.
© The Authors, published by EDP Sciences, 2023
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0 (https://creativecommons.org/licenses/by/4.0/).
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