Skip to main content

Table 15 Subgroup analysis for all purposes

From: Effect of blockchain technology initiatives on firms’ market value

Purpose

Mean (%)

T-test

Medium (%)

Wilcoxon test

p value

p value

Time/cost saving (n = 64)

8.54a

0.10

0.00

0.37

Security (n = 25)

1.73

0.18

0.29*

0.02

Transparency (n = 23)

0.10

0.70

− 0.18

0.65

Traceability (n = 19)

0.18

0.61

− 0.09

0.94

BC infrastructure (n = 10)

8.35

0.25

1.56

0.24

Transformation (n = 7)

7.44

0.19

0.83 a

0.09

  1. One announcement may have more than one purposes
  2. ap < 0.10
  3. *p < 0.05