Providing an analysis model of blockchain application on company performance from the perspective of internal control

Document Type : Original Article

Authors
sara yousefzadeh 1
Fraydoon Rahnamay Roodposhti 2
hossein badiei 3
masoud gholamzadeh 4
1 Ph.D. Student, Department of Accounting Science and Research Branch, Islamic Azad University, Tehran, Iran.
2 Professor of Accounting, Islamic Azad University, Science and Research Branch, Tehran, Iran
3 Assistant Professor, Department of Accounting, South Tehran Branch, Islamic Azad University,Tehran, Iran.,
4 Assistant Professor, Islamic Azad University, Science and Research Branch, Tehran, Iran
Abstract
Blockchain has a kind of self-auditing ecosystem, under which all transactions created in each period of ten minutes, for example, are reconciled with each other. These features, along with other desirable features, have led to blockchain technology becoming a solution to the challenges of internal company controls. This study examined the impact of blockchain application on the performance of companies from the perspective of internal control. The statistical population of managers of companies listed in Tehran Stock Exchange was analyzed using the opinions of 200 senior and middle managers using the method of structural equations of the proposed model. The results showed that the use of blockchain technology can significantly affect the performance of companies. Also, blockchain has a double effect on the relationship between internal control and the performance of companies. Also, the use of blockchain has an increasing effect on improving the relationship between the COSO framework and the company's performance.
Keywords: blockchain, business performance, internal control
Keywords
Keywords: blockchain
business performance
internal control
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