The role of blockchain technology in the integration of sustainability practices across multi-tier supply networks: implications and potential complexities

Najjar, Mohammad; Alsurakji, Ihab H.; El‐Qanni, Amjad; Nour, Abdul-Naser Ibrahim

doi:10.1080/20430795.2022.2030663

Cited by 45 publications

(22 citation statements)

References 56 publications

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“…This study also shares the same view with Najjar et al (2023), Dyball & Seethamraju (2022), and Yin and Ran (2023) about blockchain applied in accounting in the case of a global supply network consisting of many interconnected suppliers. Using blockchain technology also affects sustainability across complex multi-tiered supply networks.…”

Section: Researching the Factors Affecting The Application Of Blockch...supporting

confidence: 82%

Impacts of Blockchain on Accounting in the Business

Giang,

Tam

2023

SAGE Open

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There have been many studies on the blockchain, however blockchain research in the accounting field is scarce. The article outlines the characteristics and steps to apply blockchain in accounting. The article also identifies and measures the factors affecting the application of blockchain in accounting in enterprises, proving that the application of blockchain impacts the quality of the accounting information system of enterprises. The article shows that incorporating blockchain in accounting will help the accounting at businesses optimize the security, safety, and transparency of accounting information. We collected data on 195 manufacturing firms in six sectors. This study’s primary data analysis method is the SEM structural equation modeling method. The article used AMOS software to evaluate and measure the influence of each factor on the application of blockchain and the effect of blockchain on the accounting information system in enterprises. The article analyzed four aspects: the level of information technology of the accountant (IT), Information Security Infrastructure (SI), Training (TR), and Legality and Regulation (LR), affecting the application of blockchain in the business. The independent variables TR (training) and IT (information technology) have an impact on BL (Blockchain). We also find that the independent variable IT (information technology) has the most substantial impact on Blockchain adoption, followed by the independent variable TR (training), which has the second most influential impact on Blockchain adoption. For the accounting information system, the results show that applying blockchain will substantially impact accounting information, along with the safety factor of information infrastructure SI also has an evident influence. The results show that applying blockchain in accounting, information technology, and professional training are core issues with significant influence. The issue of guaranteed infrastructure also determines the effectiveness and efficiency of blockchain applications for accounting information systems. I declare that this is my scientific work; it is my original work. I commit that all data sources and ideas are my research and have never been published anywhere.

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Section: Researching the Factors Affecting The Application Of Blockch...supporting

confidence: 82%

Impacts of Blockchain on Accounting in the Business

Giang,

Tam

2023

SAGE Open

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“…The business climate is constantly changing, and organizations must be informed of good and bad events (Najjar et al , 2022; Momani et al , 2021). Following the 1990s event dubbed “Economia,” worldwide business competitiveness intensified considerably, resulting in the emergence of a variety of new business dynamics.…”

Section: Introductionmentioning

confidence: 99%

Big Data analytics and financial reporting quality: qualitative evidence from Canada

Saleh

Marei

Ayoush

et al. 2022

JFRA

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Purpose Big Data analytics (BDA) and its implications for the accounting profession continue to be a key issue that requires more research and evaluation. As a result, the purpose of this study is to evaluate the impact of BDA on financial reporting quality, as well as to assess the accounting challenges associated with Big Data. It provides qualitative evidence from Canada. Design/methodology/approach This study used a qualitative approach to ascertain the thoughts and perceptions of auditors, financial analysts and accountants at Canadian audit and accounting firms in BDA and its impact on financial reporting quality, using semi-structured interviews. To obtain their consent to participate in the interview, 127 auditors, financial analysts and accountants from Canadian audit and accounting firms were initially approached. The final number of respondents was 41, representing a response rate of 32%. Findings The authors’ findings underscored the relevance of Big Data and BDA in affecting financial report quality and revealed that BDA had a significant effect on improving financial reporting quality. Big Data improves accounting reporting and expert judgment by providing professional. In summary, participants agreed that when analytical methods in Big Data are implemented effectively, businesses may possibly achieve a variety of benefits, including customized goods, simplified processes, improved risk assessment process and, finally, increased risk management. Practical implications The authors’ findings indicate that BDA may help predict investment returns and risks, estimate future investment opportunities, forecast revenues, detect fraud and susceptibility early and identify economic growth opportunities. As a result, auditors, financial analysts, accountants, investors and other strategic decision-makers should be aware of these findings to make informed choices. Originality/value Big Data has become the norm in recent years; accountants and other decision-makers have struggled to analyze massive amounts of data. This limits their capacity to profit from such data even more. Therefore, this study is motivated by the lack of research on Big Data’s influence on financial report quality.

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“…Although there has been much discussion about the positive effects of blockchain on accounting (Yermack, 2017; Hoelscher, 2018; Wang and Kogan, 2018; Yu, 2019; Bonsón and Bednárová, 2019; Wu et al , 2019; Zhong et al , 2020; Pedreño et al , 2021; Najjar et al , 2022), even some studies suggested that blockchain can change the accountancy as well as the responsibility of accountants [Institute of Chartered Accountants in England and Wales (ICAEW), 2018; Tan and Low, 2019; Karajovic et al , 2019; Pimentel and Boulianne, 2020; Qasim and Kharbat, 2020; Cai, 2021]; there has been little empirical evidence for the acceptance of this technology in accounting. This prompts us to examine blockchain adoption in accounting through an empirical study that aims to bridge the gap between theory and practice.…”

Section: Introductionmentioning

confidence: 99%

Blockchain adoption in accounting by an extended UTAUT model: empirical evidence from an emerging economy

Afifa

Van²,

Van³

2022

JFRA

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Purpose The purpose of this study is to use an extended Unified Theory of Acceptance and Use of Technology (UTAUT) model to investigate the intention to use blockchain from the accountant's point of view. The proposed model is expected to provide the necessary incentives for accountants to adopt blockchain. The authors build external constructs based on discussions of blockchain properties for accounting such as accounting information quality, job relevance and trust. In addition, the study also considers computer self-efficacy and compatibility as factors related to practitioners’ blockchain acceptance. Design/methodology/approach By using the developed online-questionnaire, the data is collected from the responses of 317 accountants working in listed enterprises in Vietnam. The main analyzes are performed by Smart partial least squares structural equation modeling technique to present both direct and indirect effects on the intention to use blockchain. Findings Experimental results provide many interesting and valuable things. First, performance and effort expectancy have a positive influence on intention to use blockchain, while social influence has a lower influence. Second, trust has a direct and positive effect on effort and performance expectancy, as well as intention to use blockchain. Quite surprisingly, accounting information quality has a positive effect on performance expectancy, while job relevance has a negative effect. Fourth, computer self-efficacy and compatibility have a positive effect on effort expectancy. It is more interesting that the intention to use blockchain has nothing to do with compatibility. The results of this study also show that performance and effort expectancy play a mediating role in the indirect effects of trust, computer self-efficacy and compatibility on intention to use blockchain. Research limitations/implications The study shows that accountants in Vietnam have a high intention to use blockchain. This implies that the Vietnamese Government and the professional association should design training programs or open training sessions on blockchain. Accountants can clearly understand the importance of blockchain in their work as well as the positive effect of blockchain on performance. They are consulted on how to use blockchain. They also perceive that using blockchain is not too difficult, and the acceptance of this technology will be higher. Additionally, universities should put triple-entry accounting into their teaching, so accounting students can improve their skills and knowledge relevant to blockchain to meet their career needs in the future. Originality/value The study proposes an extended UTAUT model with external constructs built on blockchain's effects on accounting. The model makes more sense in promoting the use of blockchain in accounting.

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The role of blockchain technology in the integration of sustainability practices across multi-tier supply networks: implications and potential complexities

Cited by 45 publications

References 56 publications

Impacts of Blockchain on Accounting in the Business

Impacts of Blockchain on Accounting in the Business

Big Data analytics and financial reporting quality: qualitative evidence from Canada

Blockchain adoption in accounting by an extended UTAUT model: empirical evidence from an emerging economy

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