The contribution of blockchain technologies to anti‐corruption practices: A systematic literature review

Trequattrini, Raffaele; Palmaccio, Matteo; Turco, Mario; Manzari, Alberto

doi:10.1002/bse.3327

Cited by 9 publications

(7 citation statements)

References 61 publications

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“…better and more open processes, professional accountability systems, and innovative technologies to capture, analyse, and share data to prevent, detect, and deter corrupt behaviour (Trequattrini et al, 2022). In the business context, the fight against corruption could bring longterm benefits that far outweigh the costs of corruption phenomena, even if both benefits and costs are difficult to measure (Malanski and Pòvoa, 2021).…”

Section: Discussionmentioning

confidence: 99%

The impact of corruption on companies' engagement in sustainability reporting practices: an empirical examination

Cicchiello

Kazemikhasragh

Perdichizzi

et al. 2023

IJOEM

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PurposeThis paper aims to investigate whether the perceived level of corruption influences companies' decision to address principles and standards aimed, inter alia, at fighting corruption [i.e. Sustainable Development Goals (SDGs), (2) United Nations Global Compact (UNGC), (3) International Standards Organisation (ISO) 26,000 and (4) Organisation for Economic Co-operation and Development (OECD) Guidelines] in companies' sustainability reporting.Design/methodology/approachThe paper uses a sample of 1,171 sustainability reports published in the year 2017 by organisations from Asia and Africa's low- and middle-income countries.FindingsResults from the Probit model reveal that corruption negatively affects corporate sustainability reporting activity. Indeed, the more companies are exposed to high levels of corruption, the less likely they appear to engage in sustainability reporting. Furthermore, the authors find clear regional and sector-level differences in the extent to which companies engage in sustainability reporting. The results show that Asian companies operating in the agricultural and financial services sectors exhibit significantly higher reporting activity, whilst those operating in the construction and mining sectors report less than the sectors' peers.Research limitations/implicationsThe authors' findings provide important implications for understanding companies' behaviour in the sustainability reporting in emerging economies as well as for designing corporate social responsibility (CSR) disclosure initiatives in the future.Originality/valueThis paper provides a better understanding of the impact of corruption on companies' reporting behaviour in the context of emerging economies.

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Section: Discussionmentioning

confidence: 99%

The impact of corruption on companies' engagement in sustainability reporting practices: an empirical examination

Cicchiello

Kazemikhasragh

Perdichizzi

et al. 2023

IJOEM

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“…Blockchain technology finds widespread adoption across diverse sectors such as education, healthcare, and finance, showcasing its versatility and relevance [3]. Furthermore, blockchain technology's presence as a potent enabler fosters anticorruption efforts, adding another layer of societal significance [4]. In the financial sector, the rise of DeFi has proven instrumental, particularly within the crypto economic phenomena.…”

Section: Introductionmentioning

confidence: 99%

A Review on Decentralized Finance Ecosystems

Alamsyah,

Kusuma,

Ramadhani

2024

Future Internet

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The future of the internet is moving toward decentralization, with decentralized networks and blockchain technology playing essential roles in different sectors. Decentralized networks offer equality, accessibility, and security at a societal level, while blockchain technology guarantees security, authentication, and openness. Integrating blockchain technology with decentralized characteristics has become increasingly significant in finance; we call this “decentralized finance” (DeFi). As of January 2023, the DeFi crypto market capitalized USD 46.21 billion and served over 6.6 million users. As DeFi continues to outperform traditional finance (TradFi), it provides reduced fees, increased inclusivity, faster transactions, enhanced security, and improved accessibility, transparency, and programmability; it also eliminates intermediaries. For end users, DeFi presents asset custody options, peer-to-peer transactions, programmable control features, and innovative financial solutions. Despite its rapid growth in recent years, there is limited comprehensive research on mapping DeFi’s benefits and risks alongside its role as an enabling technology within the financial services sector. This research addresses these gaps by developing a DeFi classification system, organizing information, and clarifying connections among its various aspects. The research goal is to improve the understanding of DeFi in both academic and industrial circles to promote comprehension of DeFi taxonomy. This well-organized DeFi taxonomy aids experts, regulators, and decision-makers in making informed and strategic decisions, thereby fostering responsible integration into TradFi for effective risk management. This study enhances DeFi security by providing users with clear guidance on existing mechanisms and risks in DeFi, reducing susceptibility to misinformation, and promoting secure participation. Additionally, it offers an overview of DeFi’s role in shaping the future of the internet.

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“…Trequattrini et al (2022) analyse the contribution of blockchain‐based technologies to anticorruption practices. The blockchain is a distributed ledger technology (DLT) with an architecture that makes very complicated to perform corruption behaviour; therefore, anticorruption practices by organizations need to be investigated in the light of blockchain technologies adoption.…”

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confidence: 99%

“…The blockchain is a distributed ledger technology (DLT) with an architecture that makes very complicated to perform corruption behaviour; therefore, anticorruption practices by organizations need to be investigated in the light of blockchain technologies adoption. Therefore, Trequattrini et al (2022) critically review the literature on the impact of the adoption of blockchain technologies by organizations to fight corruption and adopt anticorruption practices. The SLR revealed that the impact of blockchain technologies in fighting corruption has been largely investigated through a conceptual approach with many papers adopting a qualitative approach.…”

mentioning

confidence: 99%

“…All the research questions provided in the special issue proposal have been addressed by the contributors: Ruggiero and Mussari (2022) focus on the definitions, characteristics and issues of corporate corruption and Trequattrini et al (2022) analyse the contribution of blockchain‐based technologies to anticorruption practices; Changwony and Kyiu (2022) examine the implications of business strategies on the tendency for firms to engage in corruption; Cappelli et al (2022) explore the challenge of digital change and its contribution to transparency and anticorruption policies within Italian universities; Medioli et al (2022) analyse the influence of public governance environment on the strategical opportunistic use of related party transactions in family firms; and Cardoni et al (2022) investigate the value relevance of corporate governance and anticorruption policies from a sustainable value perspective, basing the analysis on institutional and stakeholder theories; Moscariello et al (2022), through a single case study, offer practical insights to understand what are the main attributes that distinguish an effective compliance programme from a formal/legal one.…”

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confidence: 99%

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