Full Text Available
Note: Clicking the button above will open the full text document at the original institutional repository in a new window.
Can Blockchain-Supply Chain Announcements Create Shareholder value? Evidence from an Event Study for International Initiatives
This study investigates how Blockchain based Supply chain (BC-SC) announcements impact the stock market performance of the announcing firms. Using a sample of 104 news and firm announcements between 2016 and July 2021, we conduct an international event study to determine the effect of BC-SC announce...
Saved in:
| Main Author: | |
|---|---|
| Format: | Thesis |
| Published: |
AUC Knowledge Fountain
2022
|
| Subjects: | |
| Tags: |
No Tags, Be the first to tag this record!
|
| _version_ | 1867613421144375296 |
|---|---|
| access_status_str | Open Access |
| author | Saleh, Alyaa |
| author_browse | Saleh, Alyaa |
| author_facet | Saleh, Alyaa |
| author_sort | Saleh, Alyaa |
| collection | Thesis |
| description | This study investigates how Blockchain based Supply chain (BC-SC) announcements impact the stock market performance of the announcing firms. Using a sample of 104 news and firm announcements between 2016 and July 2021, we conduct an international event study to determine the effect of BC-SC announcements on the market performance. We find that an overall significantly positive market reaction of 1.45% to all BC-SC announcements on the announcement day. In addition, we find that the stock market reaction slightly differs when different SC challenges are targeted by the announcing firm. When blockchain is used for traceability purposes, the market response is less positive when compared to other SC challenges like resolving disputes, maintaining Cargo Integrity and Data security. We further find that firms that are part of BC industrial collaborations experience a more positive stock market response, when compared to firms using private or public BC networks. When looking into firm characteristics, we find that innovative firms experience greater positive reaction to BC-SC announcements. Interestingly, smaller firms, in terms of market capitalization, as well as early adapters of BC do not experience a strong positive market response. Leveraging the diverse industries in our sample, we investigated the market response of early & late adaptors with respect to their corresponding industry. Our findings suggest that late adaptations of BCSC in the manufacturing industry only, are received with a significant positive response on the market. |
| format | Thesis |
| id | oai:fount.aucegypt.edu:etds-2886 |
| institution | American University in Cairo (Egypt) |
| last_indexed | 2026-06-10T12:35:51.500Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from AUC Knowledge Fountain — bepress |
| publishDate | 2022 |
| publishDateRange | 2022 |
| publishDateSort | 2022 |
| publisher | AUC Knowledge Fountain |
| publisherStr | AUC Knowledge Fountain |
| record_format | dspace |
| source_str | AUC Knowledge Fountain — bepress |
| spelling | oai:fount.aucegypt.edu:etds-2886 Can Blockchain-Supply Chain Announcements Create Shareholder value? Evidence from an Event Study for International Initiatives Saleh, Alyaa This study investigates how Blockchain based Supply chain (BC-SC) announcements impact the stock market performance of the announcing firms. Using a sample of 104 news and firm announcements between 2016 and July 2021, we conduct an international event study to determine the effect of BC-SC announcements on the market performance. We find that an overall significantly positive market reaction of 1.45% to all BC-SC announcements on the announcement day. In addition, we find that the stock market reaction slightly differs when different SC challenges are targeted by the announcing firm. When blockchain is used for traceability purposes, the market response is less positive when compared to other SC challenges like resolving disputes, maintaining Cargo Integrity and Data security. We further find that firms that are part of BC industrial collaborations experience a more positive stock market response, when compared to firms using private or public BC networks. When looking into firm characteristics, we find that innovative firms experience greater positive reaction to BC-SC announcements. Interestingly, smaller firms, in terms of market capitalization, as well as early adapters of BC do not experience a strong positive market response. Leveraging the diverse industries in our sample, we investigated the market response of early & late adaptors with respect to their corresponding industry. Our findings suggest that late adaptations of BCSC in the manufacturing industry only, are received with a significant positive response on the market. 2022-06-15T07:00:00Z thesis application/pdf https://fount.aucegypt.edu/etds/1867 https://fount.aucegypt.edu/context/etds/article/2886/viewcontent/alyaa_mostafa_saleh_thesis.pdf https://fount.aucegypt.edu/context/etds/article/2886/filename/2/type/additional/viewcontent/alyaa_mostafa_saleh_turnitin.pdf Theses and Dissertations AUC Knowledge Fountain blockchain supply chain event study technological innovation abnormal returns stock market reaction Finance and Financial Management |
| spellingShingle | blockchain supply chain event study technological innovation abnormal returns stock market reaction Finance and Financial Management Saleh, Alyaa Can Blockchain-Supply Chain Announcements Create Shareholder value? Evidence from an Event Study for International Initiatives |
| title | Can Blockchain-Supply Chain Announcements Create Shareholder value? Evidence from an Event Study for International Initiatives |
| title_full | Can Blockchain-Supply Chain Announcements Create Shareholder value? Evidence from an Event Study for International Initiatives |
| title_fullStr | Can Blockchain-Supply Chain Announcements Create Shareholder value? Evidence from an Event Study for International Initiatives |
| title_full_unstemmed | Can Blockchain-Supply Chain Announcements Create Shareholder value? Evidence from an Event Study for International Initiatives |
| title_short | Can Blockchain-Supply Chain Announcements Create Shareholder value? Evidence from an Event Study for International Initiatives |
| title_sort | can blockchain supply chain announcements create shareholder value evidence from an event study for international initiatives |
| topic | blockchain supply chain event study technological innovation abnormal returns stock market reaction Finance and Financial Management |
| url | https://fount.aucegypt.edu/etds/1867 https://fount.aucegypt.edu/context/etds/article/2886/viewcontent/alyaa_mostafa_saleh_thesis.pdf https://fount.aucegypt.edu/context/etds/article/2886/filename/2/type/additional/viewcontent/alyaa_mostafa_saleh_turnitin.pdf |
| work_keys_str_mv | AT salehalyaa canblockchainsupplychainannouncementscreateshareholdervalueevidencefromaneventstudyforinternationalinitiatives |