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Blockchain supply chain event study technological innovation abnormal returns stock market reaction
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Can Blockchain-Supply Chain Announcements Create Shareholder Value? Evidence From An Event Study For International Initiatives, Alyaa Saleh
Theses and Dissertations
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 …