Blockchain as a Catalyst for Organizational Accountability: Evidence of Mediating Financial Report Quality

Lisa Erfi Yunita; Janti Soegiastuti; Imelda Dea Savila; Vinsent Brilian Adiguna

doi:10.32534/jpk.v13i1.8240

Authors

Lisa Erfi Yunita Faculty of Economics and Business, Universitas 17 Agustus 1945 Semarang
Janti Soegiastuti Faculty of Economics and Business, Universitas 17 Agustus 1945 Semarang
Imelda Dea Savila Faculty of Economics and Business, Universitas 17 Agustus 1945 Semarang
Vinsent Brilian Adiguna Faculty of Economics and Business, Universitas 17 Agustus 1945 Semarang

DOI:

https://doi.org/10.32534/jpk.v13i1.8240

Keywords:

Blockchain, Financial Reporting, Accountability, Mediation, Digital Transformation

Abstract

Main Purpose - This study aims to analyze the effect of blockchain technology implementation and financial reporting quality on corporate performance accountability, using a mediation model approach.
Method - Data were collected through a survey and analyzed using the Maximum Likelihood (ML) method within a structural modeling framework.
Main Findings - The findings reveal that blockchain implementation does not have a significant direct effect on accountability. However, it significantly enhances the quality of financial reporting. Furthermore, financial reporting quality has a significant impact on accountability and fully mediates the relationship between blockchain and accountability. These results suggest that blockchain serves as a catalyst for improving accountability, but its effectiveness depends heavily on the quality of the financial reporting system.
Theory and Practical Implications - The study contributes theoretically by reinforcing the mediating role of reporting quality in the context of digital transformation. Managerial implications highlight the importance of strengthening financial reporting systems as a foundation for optimizing the benefits of blockchain technology in enhancing organizational accountability.
Novelty - This study contributes empirical evidence by examining the mediating role of financial reporting quality in linking blockchain technology adoption to performance accountability, a relationship that remains underexplored in the context of developing countries.

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