The impact of digital transformation towards blockchain technology application in banks to improve accounting information quality and corporate governance effectiveness

Figures & data

Table 1. Study community categories

Categories	Count
Financial managers	100
Auditors	268
Financial analysts	142
Total	510

Table 2. Distributed, received, and accurate questionnaire lists

Study Sample categories	Questionnaire lists
	Distributed	Received and accurate
	Count	Count	%
Financial managers	70	53	25.7%
Auditors	100	82	38.50%
Financial analysts	80	77	35.8%
Total	250	212	100%

Table 3. Profiles of respondents

Category	Frequency	Percentage (%)
Gender
male	183	86.4
female	29	13.6
Total	212	100.0
Age
21–30	10	5
31–40	52	24
41–50	97	46
51–60	46	22
<60	7	3
Total	212	100.0
Education Level
Bachelor	148	70
Master	51	24
PhD	13	6
Total	212	100.0
Experience
2–4	34	16.0
5–7	33	16.0
8–10	104	48.9
<10	41	19.1
Total	212	100.0

Source: Outputs of the statistical program package for Social Sciences (SPSS)

Table 4. Descriptive statistics and Reliability

	Constructs	Items	Mean	Rank	Level	Standard deviation	Cronbach’s Alpha
1.	Quality of Accounting Information	10	3.80	2	High	.56500	.85
2.	Corporate governance effectiveness	10	3.26	3	High	.41517	.79
	Total	20	3.53	2.5	High	.490085	.82

Source: Outputs of the statistical program package for Social Sciences (SPSS)

Table 5. Descriptive statistics of responses to questionnaire list questions Quality of Accounting Information

N	The application of blockchain technology contributes to banks	Mean	Rank	Level	Standard deviation	Cronbach’s Alpha
	Improve the relevance of the information	3.779	2	High	.5540	.848
	Improve the truthful representation of information	3.780	2	High	.5610	.854
	Improve the comprehensibility of information	3.812	3	High	.5412	.852
	Improving the comparability of information	3.817	2	High	.5623	.860
	Improve the timeliness of information	3.814	3	High	.5594	.851
	Improving the verifiability of information	3.788	2	High	.5574	.854
	Improve information stability and non-modifiability	3.801	2	High	.5587	.849
	Improving the control value of information	3.784	3	High	.5598	.841
	Reducing the risk to the professional judgment of accountants on the quantity and quality of the information in the consolidated financial statements	3.815	2	High	.5594	.840
	The costs of obtaining information are reduced to a minimum when compared with the expected benefits obtained from that information	3.798	2	High	.5614	.841

Source: Outputs of the statistical program package for Social Sciences (SPSS)

Table 6. Test (T) for the first hypothesis

Constructs	Mean	t-value	Standard deviation	Sig.	Result
Quality of Accounting Information	3.80	3.452	.56500	.001	Accepted

Source: Outputs of the statistical program package for Social Sciences (SPSS)

Table 7. Results of the ANOVA test (f) for the second hypothesis

Constructs	test (f)	Sig.
Quality of Accounting Information	3.452	.299

Source: Outputs of the statistical program package for Social Sciences (SPSS)

Table 8. Descriptive statistics of responses to questionnaire list questions corporate governance effectiveness

	The application of blockchain technology contributes to banks	Mean	Rank	Level	Standard deviation	Cronbach’s Alpha
	Increased transparency of information	3.02	3	High	.4201	.792
	Increase the efficiency of financial markets	3.07	2	High	.4107	.791
	Narrowing the information asymmetry gap	3.11	3	High	.4111	.789
	Reduced uncertainty regarding the current and future performance of the bank	3.14	3	High	.4101	.791
	Improving the relationship between shareholders and the bank’s management	3.20	3	High	.4092	.792
	Increased shareholder democracy	3.21	2	High	.4095	.788
	Provide more transparent ownership records	3.26	3	High	.4097	.790
	Reduced chances of profit management and accounting manipulation.	3.28	3	High	.4141	.793
	Reducing agency costs	3.33	3	High	.4181	.789
	Reduce subsequent agency problems with auditors	3.16	3	High	.4161	.789

Source: Outputs of the statistical program package for Social Sciences (SPSS)

Table 9. Test (T) for the third hypothesis

Constructs	Mean	t-value	Standard deviation	Sig.	Result
Corporate governance effectiveness	3.26	4.418	.41517	.000	Accepted

Source: Outputs of the statistical program package for Social Sciences (SPSS)

Table 10. Results of the ANOVA test (f) for the corporate governance effectiveness hypothesis

Constructs	test (f)	Sig.
Corporate governance effectiveness	1.077	.342

Source: Outputs of the statistical program package for Social Sciences (SPSS)

Table 11. Correlation analysis

Variables		ABT		QAI
Application of Blockchain Technology	Pearson Correlation	1	.340**	.275**
	Sig. (1-tailed)		.000	.000
	N	212	212	212
Corporate governance effectiveness	Pearson Correlation	.341**	1	.020
	Sig. (1-tailed)	.000		.366
	N	212	212	212
Quality of Accounting Information	Pearson Correlation	.272**	.020	1
	Sig. (1-tailed)	.000	.366
	N	212	212	212

Source: Outputs of the statistical program package for Social Sciences (SPSS)