From the perspective of company managements’ motivation and ability to
adopt real earnings management, the impact of applying blockchain technology on
real earnings management is empirically investigated by OLS multiple regression
model with a sample of A-share listed companies in Shanghai and Shenzhen from
2012 to 2022. The results show that the application of blockchain technology by listed companies can
significantly inhibit their real earnings management, and the proportion
of institutional investors’ shareholding and the proportion of independent
directors have a positive adjusting effect on this inhibition. In addition to
this, other factors also have an impact on the relationship between blockchain
and true earnings management, so further research
finds that the implementation of blockchain technology by non-state-owned enterprises is more effective in suppressing their real earnings
management than state-owned
enterprises; the implementation of blockchain technology by listed companies has a stronger suppression
effect on the level of real earnings management in cities with a higher level
of Internet development; and digital transformation strengthens the suppression
effect of blockchain technology on real earnings management.
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