Exploring the Relationship Between Blockchain Technology and Corporate Social Responsibility Performance: Empirical Evidence from European Firms

Ezzi, Ferdaws; Jarboui, Anis; Mouakhar, Khaireddine

doi:10.1007/s13132-022-00946-7

Cited by 9 publications

(4 citation statements)

References 50 publications

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“…H2 "BCT adoption will strengthen the positive relationship between CSR management and business performance" is supported. As some previous research has highlighted the potential of BCT to facilitate the implementation and monitoring of CSR practices (Ezzi et al, 2022;Srinivasan et al, 2020), this result is not only in line with the existing findings but further suggests that firms adopting both CSR and BCT have even better business performance than those that only adopt CSR practices.…”

Section: Findings and Discussionsupporting

confidence: 88%

The Role of Corporate Social Responsibility in Business Performance: The Moderation Influence of Blockchain Technology

Chen

2023

IJIKM

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Aim/Purpose: The major challenges for firms to initiate corporate social responsibility (CSR) arise from resource constraints, complexity, and uncertainty. Consuming considerable financial and human resources is the main difficulty for smaller firms or those operating in less profitable industries, and the lack of immediate outputs from CSR initiatives poses a challenge for firms in prioritizing and assessing their effectiveness. Background: To better integrate CSR management into overall business strategy and decision-making processes, Blockchain technology (BCT) could potentially offer a feasible and optimal alternative to CSR reports. Methodology: This study uses the fixed effects regression by way of the Least Squares Dummy Variable (LSDV) approach in STATA to analyze the direct effect of CSR management on business performance and the moderating effect of BCT adoption on this relationship with a panel data set of 5810 observations collected from the 874 listed companies in 2015 in Taiwan Stock Exchange through 2021. Contribution: This study contributes to the literature by shedding light on the organizational factors that influence BCT adoption. Findings: The findings show that firms with high levels of CSR management have better business performance. Additionally, the adoption of BCT strengthens the positive relationship between CSR management and business performance, but it cannot replace the fundamental principles of CSR. Finally, firm size does not significantly affect BCT adoption, indicating that companies of all sizes have an equal opportunity to adopt BCT, which can help to level the playing field in terms of resources available to different firms. Recommendations for Practitioners: This study suggests that firms managing CSR practices have better business performance, and the adoption of BCTs further enhances this positive relationship. However, BCT adoption does not have the same positive effect on business performance as CSR practices. Additionally, this research can help to inform public policy related to BCT adoption and diffusion. Recommendation for Researchers: By exploring the factors that influence BCT adoption, future researchers can provide insights into the key challenges and opportunities faced by organizations of different sizes and help to develop strategies for promoting the effective adoption of BCT. Impact on Society: Given the limitations of current CSR reporting, the understanding gained from BCT applications can provide companies with an alternative mechanism to foster progress in CSR implementation. Future Research: Firstly, while the fixed-effects model might have dampened the power of explanation because it only captures within-unit variation and ignores between-unit variation, the explanatory power is further limited due to only integrating two independent variables in this model. Because of limited data availability, this study only utilizes CSR_Report and firm_size as independent variables. Future studies can consider more key factors and may lead to different results. Additionally, panel data is collected from Taiwan and, therefore, may not be representative of the broader population. Future researchers integrating the Stock Exchange of different countries are recommended.

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Section: Findings and Discussionsupporting

confidence: 88%

The Role of Corporate Social Responsibility in Business Performance: The Moderation Influence of Blockchain Technology

Chen

2023

IJIKM

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“…Diaz and Nguyen (23) predicted the minimum prediction error of CSR index through gray correlation analysis and gray correlation analysis, and found that BPN model had the smallest prediction error, which was better than recurrent neural network (RNN) and radial basis function neural network model. Ezzi et al (24) analyzed the important role of blockchain technology in explaining CSR performance, and the results showed that the implementation of blockchain technology had a significant and positive impact on CSR performance. Wang et al (25) constructed a recommendation and resource optimization model by using neural network algorithm from the perspective of cultural and creative industries to promote enterprise project decision-making and resource optimization.…”

Section: Literature Reviewmentioning

confidence: 99%

The influence of digital platform on the implementation of corporate social responsibility: from the perspective of environmental science development to explore its potential role in public health

Wang,

Yuan,

Guan

et al. 2024

Front. Public Health

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IntroductionThis paper aims to explore the intersection of corporate social responsibility (CSR) and public health within the context of digital platforms. Specifically, the paper explores the impact of digital platforms on the sustainable development practices of enterprises, seeking to comprehend how these platforms influence the implementation of environmental protection policies, resource management, and social responsibility initiatives.MethodsTo assess the impact of digital platforms on corporate environmental behavior, we conducted a questionnaire survey targeting employees in private enterprises. This survey aimed to evaluate the relationship between the adoption of digital platforms and the implementation of environmental protection policies and practices.ResultsAnalysis of the survey responses revealed a significant positive correlation between the use of digital platforms and the environmental protection behavior of enterprises (r=0.523;p<0.001), Moreover, the presence of innovative environmental protection technologies on these platforms was found to positively influence the enforcement of environmental policies, with a calculated impact ratio of (a∗b/c=55.31%). An intermediary analysis highlighted that environmental innovation technology plays a mediating role in this process. Additionally, adjustment analysis showed that enterprises of various sizes and industries respond differently to digital platforms, indicating the need for tailored environmental policiesDiscussionThese findings underscore the pivotal role of digital platforms in enhancing CSR efforts and public health by fostering improved environmental practices among corporations. The mediating effect of environmental innovation technologies suggests that digital platforms not only facilitate direct environmental actions but also enhance the efficiency and effectiveness of such initiatives through technological advances. The variability in response by different enterprises points to the importance of customizable strategies in policy formulation. By offering empirical evidence of digital platforms’ potential to advance CSR and public health through environmental initiatives, this paper contributes to the ongoing dialogue on sustainable development goals. It provides practical insights for enterprises and policy implications for governments striving to craft more effective environmental policies and strategies.

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“…Stakeholders must ensure that the organization fulfills its promises regarding CSR performance, and CSR technology can play a crucial role in this regard. By adopting blockchain technology, organizations can easily implement CSR initiatives [43,45]. The research by [46] revealed a positive association between social responsibility, sustainability, and blockchain technology.…”

Section: Blockchain Technology and Csrmentioning

confidence: 99%

Investigating the Impact of Blockchain Technology on Social Sustainability and the Mediating Role of Ethics and CSR

Aljumah

2023

Sustainability

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The main aim of this study was to investigate the impact of blockchain technology, business ethics, and corporate social responsibility (CSR) on social sustainability. Additionally, this study sought to explore how CSR and business ethics serve as mediators in shaping these impacts. This study collected data from employees in the banking sector in the United Arab Emirates (UAE), using a purposive sampling technique. A cross-sectional research design was employed, and a questionnaire was developed to gather responses from 416 participants. The usable response rate was 62.67%. This study utilized structural equation modeling (SEM) with SmartPLS as a tool to analyze the data. The results of this study indicate that blockchain technology has a positive influence on CSR, business ethics, and social sustainability. Additionally, CSR and business ethics have a positive effect on social sustainability. This study confirms the mediating role of business ethics and CSR. These findings can be useful for bank officials and academic decisionmakers in developing strategies.

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Exploring the Relationship Between Blockchain Technology and Corporate Social Responsibility Performance: Empirical Evidence from European Firms

Cited by 9 publications

References 50 publications

The Role of Corporate Social Responsibility in Business Performance: The Moderation Influence of Blockchain Technology

The Role of Corporate Social Responsibility in Business Performance: The Moderation Influence of Blockchain Technology

The influence of digital platform on the implementation of corporate social responsibility: from the perspective of environmental science development to explore its potential role in public health

Investigating the Impact of Blockchain Technology on Social Sustainability and the Mediating Role of Ethics and CSR

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