Table 1 Descriptive statistics (n = 114)
From: Effect of blockchain technology initiatives on firms’ market value
Explanatory variables | Industry sectors | ||
Time/cost saving purpose | 56.14% | Services | 42.97% |
Firm sizea | 8.80 (3.32) | Manufacturing | 16.67% |
Control variables | Logistics and supply | 3.51% | |
First Announcement | 65.79% | Wholesaling and retailing | 6.14% |
Planning stage | 42.11% | Depository institutions | 14.04% |
BC user | 42.98% | Non-depository institutions | 10.53% |
D/E | 2.72 (5.45) | Insurance and real estate | 4.39% |
ROA | − 0.08 (0.42) | Public administration | 1.75% |
Year variables | |||
2016 | 9.65% | ||
2017 | 25.44% | ||
2018 | 33.33% | ||
2019 | 31.58% |