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Article

Blockchain-Enabled Corporate Governance and Regulation

Department of Accounting and Finance, Department of Commercial Law, University of Auckland, Auckland 1021, New Zealand
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Int. J. Financial Stud. 2020, 8(2), 36; https://0-doi-org.brum.beds.ac.uk/10.3390/ijfs8020036
Received: 27 May 2020 / Accepted: 5 June 2020 / Published: 18 June 2020
(This article belongs to the Special Issue The Financial Industry 4.0)
There is considerable hype about blockchain in almost every industry, including finance, with significant investments globally. We conduct a systematic review of 851 records and construct a final article sample of 183 for the sample period 2012 to 2020 to identify relevant factors for blockchain adoption in corporate governance. We conduct textual and empirical analysis to develop a decentralized autonomous governance framework and link traditional corporate governance theories to blockchain adoption. Furthermore, we explore present and future use cases and implications of blockchains in corporate governance. Using our systematic review and textual analysis, we further identify gaps and common trends between prior academic and industry literature. Moreover, for our empirical analysis, we compile a unique database of blockchain investments to forecast future investments. In addition, we explore blockchain potential in corporate governance during and post COVID-19. We find prior academic articles to mostly focus on regulation (49 studies) and Initial Coin Offerings (ICOs) (46 studies), while industry articles tend to concentrate on exchanges (10 studies) and cryptocurrencies (9 articles). A significant growth in literature is observed for 2017 and 2018. Finally, we provide behavioural, regulatory, ethical and managerial perspectives of blockchain adoption in corporate governance. View Full-Text
Keywords: blockchain; disruptive technology; corporate governance; corporate voting; tokenisation; smart contracts blockchain; disruptive technology; corporate governance; corporate voting; tokenisation; smart contracts
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MDPI and ACS Style

Jayasuriya Daluwathumullagamage, D.; Sims, A. Blockchain-Enabled Corporate Governance and Regulation. Int. J. Financial Stud. 2020, 8, 36. https://0-doi-org.brum.beds.ac.uk/10.3390/ijfs8020036

AMA Style

Jayasuriya Daluwathumullagamage D, Sims A. Blockchain-Enabled Corporate Governance and Regulation. International Journal of Financial Studies. 2020; 8(2):36. https://0-doi-org.brum.beds.ac.uk/10.3390/ijfs8020036

Chicago/Turabian Style

Jayasuriya Daluwathumullagamage, Dulani, and Alexandra Sims. 2020. "Blockchain-Enabled Corporate Governance and Regulation" International Journal of Financial Studies 8, no. 2: 36. https://0-doi-org.brum.beds.ac.uk/10.3390/ijfs8020036

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