科学研究
报告题目：Blockchain Adoption and Corporate Financial Reporting Quality
报告人：廖珂
报告时间：2024年5月17日（周五）13:00-14:30
报告地点：劝学楼245
主办单位：东北财经大学会计学院 辽宁省资本市场财务与会计研究生创新与学术交流中心
【报告摘要】
We study the impact of blockchain technology on corporate financial reporting quality based on the staggered implementation of blockchain-based e-invoice systems by provincial and municipal governments in China since 2018. Using a difference-in-difference approach and a sample of listed firms in China from 2016 to 2022, we find that the accrual quality and earnings informativeness improve post-adoption. This treatment effect is more pronounced for firms with more complex operations and those located in technologically advanced and market-oriented environments, but similar across firms with varying earnings management incentives. Blockchain adoption is associated with fewer error-related accounting restatements, but not with non-error-related restatements or corporate tax avoidance. Furthermore, the blockchain adoption is associated with increased stock liquidity, improved analyst forecast consensus, and lowered cost of equity. Overall, our results imply that the blockchain adoption improves corporate financial reporting quality by enhancing accounting function efficiency rather than deterring potential manipulations.
【报告人简介】
廖珂，电子科技大学经济与管理学院副教授，清华大学工学学士、管理学博士、中国注册会计师协会非执业会员。主要研究领域为财务会计、公司治理以及区块链在财务会计领域的应用。研究成果发表于《金融研究》《会计研究》《世界经济》及Abacus、Accounting and Finance等国内外知名学术期刊，累计引用数近4000次，5篇论文入选中国知网1%高被引论文，研究成果曾获《中国证券报》《经济观察报》等知名媒体报道或引用。担任《管理世界》《金融研究》《世界经济》及Journal of Banking and Finance、British Accounting Review、Corporate Governance: An International Review、Financial Research Letters等期刊匿名评审人。
【特别提醒】
未经论文作者和主办方允许，严禁将讲座内容录制并公开传播，违者将有可能被追究法律责任。
