The Impact of Blockchain Technology on Transparency and Quality of Financial Reporting in Iranian Companies
Keywords:
Blockchain, Financial Transparency, Quality of Financial Reporting, Distributed Ledger, AccountingAbstract
This study aimed to examine the impact of blockchain technology on the transparency and quality of financial reporting in Iranian companies. This applied study used a quantitative, cross-sectional, descriptive-correlational design. The statistical population included financial managers, senior accountants, internal auditors, and financial experts working in active Iranian companies. Based on Cochran’s formula, the sample size was determined as 384 participants, who were selected through convenience sampling. Data were collected using a researcher-made questionnaire measuring blockchain technology, financial reporting transparency, and financial reporting quality. The face and content validity of the questionnaire were confirmed by experts, and reliability was assessed using Cronbach’s alpha and composite reliability. Data analysis was performed using SPSS and SmartPLS through partial least squares structural equation modeling. The measurement model results showed that all factor loadings were above 0.70. Cronbach’s alpha values for blockchain technology, financial reporting transparency, and financial reporting quality were 0.89, 0.87, and 0.91, respectively, and composite reliability values were 0.91, 0.90, and 0.93, respectively. The AVE values were 0.64, 0.61, and 0.67, confirming convergent validity. In the structural model, R² was 0.58 and Q² was 0.36, indicating acceptable explanatory and predictive power. Blockchain technology had a positive and significant effect on financial reporting transparency (β = 0.42, t = 4.85, p = 0.001). Blockchain technology also had a positive and significant effect on financial reporting quality (β = 0.35, t = 3.92, p = 0.001). The findings indicate that blockchain technology can enhance transparency and quality of financial reporting in Iranian companies by improving transaction traceability, reducing data manipulation, strengthening information security, and increasing the reliability of financial data.
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Copyright (c) 2025 Mohammad Mahdi Moeiniyan (Author); Hamidreza Gholamnia Roshan (Corresponding author); Kaveh Azinfar (Author)
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
