The role of blockchain technology in facilitating finance for metal and mining resources

IF 10.2 2区经济学 0 ENVIRONMENTAL STUDIES

Resources Policy Pub Date : 2024-11-09 DOI:10.1016/j.resourpol.2024.105383

Ting Cai , Xinchun Shi , Zhaoyan Shang , Xinxin Zhu , Jingjing Qi

引用次数: 0

Abstract

As ESG investment becomes a key sustainability goal, its importance grows amid technological advancements. This study explores the effect of blockchain on ESG investments in 100 Chinese A-listed firms in the metal and mining sectors from 2016 to 2019. CS-FMOLS estimates show that a 1% rise in blockchain use increases ESG investments by 0.017%, underscoring blockchain's role in boosting transparency and efficiency. Additionally, a 1% increase in profits results in a 0.362% rise in ESG investments, and a 1% boost in EPS yields a 0.177% increase in ESG investments. Conversely, a 1% growth in personnel leads to a 0.42% decrease in ESG investment, highlighting a gap in green jobs and literacy. Changes in R&D spending have no significant effect on ESG investments. To enhance ESG investments, policies should include sustainable education, industry-specific cryptocurrencies, blockchain-based credit references, and expanded use in carbon markets.

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区块链技术在促进金属和矿产资源融资方面的作用

随着环境、社会和公司治理（ESG）投资成为可持续发展的关键目标，其重要性也在技术进步中与日俱增。本研究探讨了区块链在 2016 年至 2019 年期间对 100 家中国 A 股金属和采矿行业上市公司的 ESG 投资的影响。CS-FMOLS的估算结果显示，区块链的使用每增加1%，ESG投资就会增加0.017%，凸显了区块链在提高透明度和效率方面的作用。此外，利润每增加 1%，ESG 投资就会增加 0.362%；每股收益每增加 1%，ESG 投资就会增加 0.177%。相反，人员增长 1%，环境、社会和公司治理投资就会减少 0.42%，这凸显了绿色工作和素养方面的差距。研发支出的变化对 ESG 投资没有明显影响。为加强环境、社会和公司治理投资，政策应包括可持续教育、特定行业的加密货币、基于区块链的信用参考以及在碳市场中的扩大使用。

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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来源期刊

Resources Policy ENVIRONMENTAL STUDIES-

CiteScore

13.40

自引率

23.50%

发文量

602

审稿时长

69 days

期刊介绍： Resources Policy is an international journal focused on the economics and policy aspects of mineral and fossil fuel extraction, production, and utilization. It targets individuals in academia, government, and industry. The journal seeks original research submissions analyzing public policy, economics, social science, geography, and finance in the fields of mining, non-fuel minerals, energy minerals, fossil fuels, and metals. Mineral economics topics covered include mineral market analysis, price analysis, project evaluation, mining and sustainable development, mineral resource rents, resource curse, mineral wealth and corruption, mineral taxation and regulation, strategic minerals and their supply, and the impact of mineral development on local communities and indigenous populations. The journal specifically excludes papers with agriculture, forestry, or fisheries as their primary focus.