Role of Blockchain Technology and Corporate Governance in Achieving Sustainability Performance
DOI:
https://doi.org/10.47067/ramss.v8i1.512Keywords:
Sustainability Performance, Blokchain Technology, Corporate GovernanceAbstract
The study examines the impact of corporate governance and Blockchain technology on the sustainability performance of the organisations. We used the data ranging from 2016 to 2023 of the global 100 most sustainable corporations' sustainability reports in the Corporate Knights Index and applied panel data techniques for data analysis. The study reveals that CEO duality, managerial ownership, and board size significantly enhance organisational sustainability performance, while independent directors, management ownership, and auditors negatively impact the sustainability performance. Similarly, results showed that Blockchain technology has a significant positive effect on sustainability performance. The analysis implies that male and female diversity within a board negatively impacts Blockchain adoption, which implies that firms ought to strike a balance between the number of individuals in a board, CEO dualities, and the ownership of managers to enhance its sustainability. This research provides the conceptual and practical insight regarding the Blockchain technology to facilitate sustainability. The study provides theoretical and practical implications to managers, practitioners, researchers, governing bodies, and other stakeholders.
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