ESG on the Chain: Unveiling the Impact of Different Blockchain Use Cases on Short-Term Stock Performance

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dc.contributor.authorRogalski, Timo
dc.contributor.authorSchiereck, Dirk
dc.date.accessioned2023-12-26T18:48:16Z
dc.date.available2023-12-26T18:48:16Z
dc.date.issued2024-01-03
dc.identifier.doi10.24251/HICSS.2023.711
dc.identifier.isbn978-0-9981331-7-1
dc.identifier.otherca05794e-f3a9-457b-9bd7-5c0a3f085b8e
dc.identifier.urihttps://hdl.handle.net/10125/107096
dc.language.isoeng
dc.relation.ispartofProceedings of the 57th Hawaii International Conference on System Sciences
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subjectBlockchain Cases and Innovations
dc.subjectblockchain
dc.subjectesg
dc.subjectevent study
dc.subjectstock market reaction
dc.titleESG on the Chain: Unveiling the Impact of Different Blockchain Use Cases on Short-Term Stock Performance
dc.typeConference Paper
dc.type.dcmiText
dcterms.abstractWe examine stock market reactions to different corporate blockchain use cases, particularly those related to environmental, social, and governance (ESG) issues. The study utilizes the event study methodology and analyzes an international dataset including 679 announcements from 291 firms worldwide. The findings indicate significant positive shareholder reactions to announcements related to traceability-, finance- and trading-, as well as ESG-related blockchain initiatives. In fact, ESG-related announcements generate superior market reactions compared to non-ESG-related news. These results contribute to the understanding of factors influencing shareholder value in the context of corporate blockchain initiatives and emphasize the substantial impact of ESG-related blockchain use cases on stock performance.
dcterms.extent10 pages
prism.startingpage5908

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