Xu (Joyce) Cheng (Accounting) and her co-authors Travis Holt, James Long, and Tina Loraas (Auburn University) recently published their paper, “Blockchain Applications: The Impact of a Firm’s Choice of Financial Accounting System on Nonprofessional Investor Judgment and Decision-Making,” in Information & Management.

Using an experimental design with nonprofessional investors, the study examines how firms’ announcements about adopting different financial accounting systems—traditional ERP versus permissioned and permissionless blockchain—shape investor perceptions and decisions. The findings show that accounting system choice influences investment intentions through its effects on perceived transparency, information asymmetry, and trustworthiness. Specifically, permissionless blockchain leads to higher perceived transparency and more favorable investment intentions compared to traditional systems. You can explore the full article here: https://authors.elsevier.com/a/1mnuP1M774OS8x