The impact of blockchain on firms' environmental and social performance

Carole Bernard, Rebecca Cardot, Jamil Jaballah
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Abstract

This paper studies the relationship between blockchain patents and firms' environmental and social performance. Using data from USPTO, we assess the effect of these patents on subcategories and aggregate grades for social and environmental dimensions. Our results show a negative main effect of blockchain‐related patents on social and environmental grades. However, this effect is moderated by company size and focus on R&D. We exploit the first legislation favorable to blockchain in the United States and find a positive effect of blockchain patents on environmental grades, showing a change in corporate behavior regarding the use of blockchain.
区块链对企业环境和社会绩效的影响
本文研究了区块链专利与企业环境和社会绩效之间的关系。利用美国专利商标局的数据,我们评估了这些专利对社会和环境维度的子类别和综合等级的影响。我们的结果显示,区块链相关专利对社会和环境等级有负面的主要影响。然而,公司规模和对研发的重视程度会缓和这种影响。我们利用美国首部有利于区块链的立法,发现区块链专利对环境等级有积极影响,这表明企业在使用区块链方面的行为发生了变化。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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