TY - JOUR
T1 - Blockchain application and collaborative innovation in the manufacturing industry
T2 - Based on the perspective of social trust
AU - Wan, Yinglin
AU - Gao, Yuchen
AU - Hu, Yimei
PY - 2022
Y1 - 2022
N2 - We use Chinese A-share listed firms from the manufacturing industry during 2016–2019 to examine the impact of social trust and blockchain application on firms’ collaborative innovation. The results reveal that social trust among acquaintances and social trust among strangers have heterogeneous impacts on corporate collaborative innovation: Trust in strangers promotes firms’ collaborative innovation more than trust in acquaintances. We then analyze the external governance effects of blockchain applications, including the direct impact of blockchain applications on firms’ collaborative innovation, and the indirect impact of blockchain applications on the relationship between social trust and corporate collaborative innovation. We find that blockchain application enhances collaborative innovation and strengthens the positive impact of social trust on collaborative innovation. These results indicate that the application of blockchain technology improves the performances of firms’ collaborative innovation. It is therefore advisable for firms and governments to construct an ecosystem to facilitate the application of blockchain technologies.
AB - We use Chinese A-share listed firms from the manufacturing industry during 2016–2019 to examine the impact of social trust and blockchain application on firms’ collaborative innovation. The results reveal that social trust among acquaintances and social trust among strangers have heterogeneous impacts on corporate collaborative innovation: Trust in strangers promotes firms’ collaborative innovation more than trust in acquaintances. We then analyze the external governance effects of blockchain applications, including the direct impact of blockchain applications on firms’ collaborative innovation, and the indirect impact of blockchain applications on the relationship between social trust and corporate collaborative innovation. We find that blockchain application enhances collaborative innovation and strengthens the positive impact of social trust on collaborative innovation. These results indicate that the application of blockchain technology improves the performances of firms’ collaborative innovation. It is therefore advisable for firms and governments to construct an ecosystem to facilitate the application of blockchain technologies.
KW - Blockchain application
KW - Collaborative innovation
KW - Digital economy
KW - Social trust
UR - http://www.scopus.com/inward/record.url?scp=85123770997&partnerID=8YFLogxK
U2 - 10.1016/j.techfore.2022.121540
DO - 10.1016/j.techfore.2022.121540
M3 - Journal article
SN - 0040-1625
VL - 177
JO - Technological Forecasting and Social Change
JF - Technological Forecasting and Social Change
M1 - 121540
ER -