Page 27 - Volume5, Issue 3, May-August 2024

RESEARCH @ IIMV

Blockchain and Banking Efficiency: Global Evidence from
Ripple Network Adoption
Vijaya Marisetty, Laurens Breda, varsha Mamidi

SSRN Product and services (ABDC-A)

The adoption of blockchain technology, due to its apparent benefits
relating to no reconciliation issues, speed of transaction through
smart contracts, and immutability of transaction records, is expected
to result in overall banking efficiency and profitability. However, there
is no empirical evidence to verify these claims. We provide evidence
by assessing 101 global banks’ adoption of Ripple technology (for
cross-border payments) on banking liquidity, operating efficiency,
and market valuation. Using the difference-in-differences approach,
we show that, compared to the non-adopted banks, adopted banks

did not experience higher liquidity in the post-implementation period,
nor did adoption result in benefits in operating efficiency or valuation.
However, when we focus on early adopters, with longer post-adoption
history, we find a significant improvement in operating efficiency and
liquidity.

Click here to read the paper.

Corporate governance and environmental social and
governance disclosures: evidence from the Asia-Pacific

countries
Monika Dhochak and Prince Doliya
Journal of Corporate Governance (ABDC-B)
The objective of the study is to examine the impact of corporate
governance parameters on the quality of environmental, social and
governance (ESG) indicators for the Asia-Pacific countries. For this
purpose, we have used the quality of ESG disclosures as dependent
variable and board gender diversity, independent directors, CEO duality

and board size as independent variables along with the firm-level and
country-level control variables. The empirical analysis is based on the
five-year panel data collected from the Refinitiv Eikon database for the
Asia-pacific companies from the year 2016 to 2020. The findings of the
study suggest that board gender diversity and independent directors
have a positive and significant effect on the ESG disclosures, while
the CEO duality has a significant and negative impact. The findings
also suggest that independent and female board members bring
transparency and instigate more social and environmental initiatives,
which results in the transmission of the firm’s positive image.
Click here to read the paper.

24 VOL.5/ ISSUE 3, MAY-AUGUST 2024