Blockchain technology in corporate governance and future potential solution for agency problems in Indonesia

Abstract

The aim of this study is to determine stakeholder acceptance of the blockchain and to investigate a suitable model using a Technology Acceptance Model with specific reference to corporate governance through cryptography in solving decades of financial record-keeping problems. Stakeholders in corporate governance, namely customers, creditors, suppliers, communities, employees, owners, investors, trade unions and social activists, can benefit in different ways. Investors can benefit from buying equity at a lower price and selling it on a market with greater liquidity, but they will find it difficult to disguise their trades. This study argues that almost all aspects of corporate governance can be improved through the application of this technology, which results in greater transparency, increases liquidity, and lowers costs. Corporate governance will also be better because blockchain technology uses the concept of a distributed ledger which allows data to be distributed at every connected point in an efficient and accountable manner, so that all parties in the blockchain can exchange data in real time.

Impacts of Village Funding on Community Empowerment and Poverty in Klungkung, Bali

“…The application of agency theory can be studied from two perspectives, namely the relationship between the executive and legislature, the legislature, and the people, the implications of which can be positive in the form of efficiency, but more often negative in the form of opportunistic behavior [9]. The responsibility shown by the local government as the executive is not only in the form of presenting complete and fair financial reports but also in how they are able to open access for users of financial statements (stakeholders) [10][11][12]. The local government as an agent will avoid the risk of distrust of stakeholders in their performance.…”

Analysis of cash flow from operating activities, cash flow from investing activities, cash flow from financing activities, gross profit margin, and earnings per share on the stock price

“…The research data is obtained from previous studies and supported by relevant literature. Cash flow from operations, investments, financing, gross profit margin (GPM), earnings per share (EPS), and stock prices are obtained from the financial reports published by the Indonesia Stock Exchange (Fahlevi et al, 2022).…”

A Systematic Literature Review on Marine Tourism in Business Management: State of the Art and Future Research Agenda

“…Technology utilization has become important in various industries, profoundly shaping how businesses operate, market, and engage with their consumers (Ahmad et al, 2023;Fahlevi et al, 2022;Husainah et al, 2023). In the context of marine tourism, the infusion of technology can redefine operational efficiencies, customer experiences, and marketing strategies, thereby creating a more responsive and innovative business environment (Jang & Cho, 2018;Tan, 2018).…”