The Impact of Blockchain Technology on Financial Reporting Quality: An Empirical Study in the Egyptian banking Sector | ||
| التجارة والتمويل | ||
| Volume 44, Issue 4, December 2024, Pages 1-34 PDF (1.27 M) | ||
| DOI: 10.21608/caf.2024.402375 | ||
| Author | ||
| Bassam Samir Baroma | ||
| Assistant prof., accounting department; Faculty of commerce, Tanta University | ||
| Abstract | ||
| This study seeks to explore the transformative role of blockchain technology in financial accounting, with a particular emphasis on its impact on transparency, fraud mitigation, and regulatory compliance. Moreover, the study assesses the relationship between blockchain adoption (via a novel BTI) and FRQ in the Egyptian banking sector using advanced statistical models and provide empirical evidence to validate blockchain’s effectiveness in enhancing financial transparency. The result of this paper shows that, the Blockchain Transparency Index (BTI) was identified as a significant positive predictor of Financial Reporting Quality (FRQ), reinforcing blockchain’s ability to enhance the reliability, accuracy, and timeliness of financial disclosures. Control variables, firm size (FSIZE), profitability (ROA), revenue growth (Growth), and audit quality (BIG4), were found to have limited or non-significant impact on FRQ in this study, suggesting that blockchain adoption itself is a primary driver of transparency improvements | ||
| Keywords | ||
| Blockchain; transparency; financial reporting quality | ||
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