<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>Modern developments in digitization have completely changed business structures and operating procedures. The core structure of a database can be built using the distributed technology known as blockchain, which combines data blocks and hash chains. Blockchain has been recommended by academics as one of the foundational elements of corporate governance. Though previous studies examined the impact of blockchain on firm numerous extents, few study has investigated the impact of blockchain technology on corporate governance. We examined the effects of blockchain technology on corporate governance of financial institutions in Nigeria. We use multiple regression over 121 responses. Samples were collected using a random sampling method. Results indicates that blockchain technology has positive impact on corporate governance suggesting the removal of agents as intermediaries in corporate governance through code, peers’ connectivity, and collaboration. Our results help managers transform the regulatory, financial, and entire governance structure of financial institutions.</p>
</abstract>

Modern developments in digitization have completely changed business structures and operating procedures. The core structure of a database can be built using the distributed technology known as blockchain, which combines data blocks and hash chains. Blockchain has been recommended by academics as one of the foundational elements of corporate governance. Though previous studies examined the impact of blockchain on firm numerous extents, few study has investigated the impact of blockchain technology on corporate governance. We examined the effects of blockchain technology on corporate governance of financial institutions in Nigeria. We use multiple regression over 121 responses. Samples were collected using a random sampling method. Results indicates that blockchain technology has positive impact on corporate governance suggesting the removal of agents as intermediaries in corporate governance through code, peers’ connectivity, and collaboration. Our results help managers transform the regulatory, financial, and entire governance structure of financial institutions.

The Effects of Blockchain Technology on Corporate Governance: Evidence from Emerging Economy

Management Dynamics in the Knowledge Economy

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Modern developments in digitization have completely changed business structures and operating procedures. The core structure of a database can be built using...

The Effects of Blockchain Technology on Corporate Governance: Evidence from Emerging Economy

Published Online: Oct 15, 2022

Page range: 239 - 250

Received: Jun 09, 2022

Accepted: Aug 30, 2022

DOI: https://doi.org/10.2478/mdke-2022-0016

Keywords
corporate governance, blockchain, technology, Nigeria

© 2022 Grace Osariemen Eghe-Ikhurhe, et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

The Effects of Blockchain Technology on Corporate Governance: Evidence from Emerging Economy

Published Online: Oct 15, 2022

Page range: 239 - 250

Received: Jun 09, 2022

Accepted: Aug 30, 2022

DOI: https://doi.org/10.2478/mdke-2022-0016

Keywordscorporate governance, blockchain, technology, Nigeria

© 2022 Grace Osariemen Eghe-Ikhurhe, et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Keywords
corporate governance, blockchain, technology, Nigeria