Paper Type

ERF

Abstract

Blockchain and its related technologies have the potential to reshape the global digital landscape, offering several possibilities for businesses to renovate conventional financial systems. Yet, alongside the promise of innovation, these technologies bring forth uncertainties and risks. In financial practices, blockchain presents solutions to long-standing challenges in corporate financing, generating potential transformations within businesses. The proactive disclosure of involvement with digital assets indicates the necessity for accounting professionals to adapt to this paradigm shift. This study investigates the factors that influence self-reporting of blockchain engagement and activities, particularly examining how these disclosures impact financing decisions within blockchain-based contexts. By disclosing their involvement in blockchain activities, companies signal their proactive search of innovation, leading stakeholders to perceive these companies as having potential for growth. It encompasses a comprehensive analysis of both debt and equity financing exploring how these technologies impact long-term debt management, particularly in terms of total debt increases.

Paper Number

1420

Author Connect URL

https://authorconnect.aisnet.org/conferences/AMCIS2024/papers/1420

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Aug 16th, 12:00 AM

Self-Reporting Aspects regarding Blockchain and Financing Decisions

Blockchain and its related technologies have the potential to reshape the global digital landscape, offering several possibilities for businesses to renovate conventional financial systems. Yet, alongside the promise of innovation, these technologies bring forth uncertainties and risks. In financial practices, blockchain presents solutions to long-standing challenges in corporate financing, generating potential transformations within businesses. The proactive disclosure of involvement with digital assets indicates the necessity for accounting professionals to adapt to this paradigm shift. This study investigates the factors that influence self-reporting of blockchain engagement and activities, particularly examining how these disclosures impact financing decisions within blockchain-based contexts. By disclosing their involvement in blockchain activities, companies signal their proactive search of innovation, leading stakeholders to perceive these companies as having potential for growth. It encompasses a comprehensive analysis of both debt and equity financing exploring how these technologies impact long-term debt management, particularly in terms of total debt increases.

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