Welcome to Francis Academic Press

Academic Journal of Business & Management, 2019, 1(3); doi: 10.25236/AJBM.2019.010307.

Accounting Information Quality Optimization of the Listed Company Based on Blockchain


Tiantian Yu

Corresponding Author:
Tiantian Yu

Shanghai University, School of Management, Shanghai, China
[email protected]


Focusing on accounting information quality optimization of the listed company, this paper proposes a blockchain-based accounting process to optimize accounting information quality. It will effectively reduce the accounting fraud behavior and seriously affected the process of value discovery, which will enhance securities market effectiveness. The blockchain-based accounting process involves four parts: (a) confirmation of accounting information; (b) measurement of accounting information; (c) recording of accounting information; (d) reporting of accounting information. The blockchain-based accounting process makes it possible to automate all the transaction by smart contracts. The cryptographic algorithms guarantee the security of the transaction data.  The new accounting method attempts to record the accounting information of the listed company by distributed ledger technology. Consensus mechanism verifies the validity of accounting process. Finally, this paper uses EVA to evaluate the performance of the listed company after adopting blockchain-based accounting process. Hence, the blockchain-based accounting process can avoid accounting fraud, which will protect investors from financial fraud and ensure the effectiveness of the security markets.


blockchain-based accounting process, smart contracts, the listed company, accounting information quality

Cite This Paper

Tiantian Yu. Accounting Information Quality Optimization of the Listed Company Based on Blockchain. Academic Journal of Business & Management (2019) Vol. 1, Issue 3: 49-59. https://doi.org/10.25236/AJBM.2019.010307.


[1] Iansiti M, Lakhani KR. The Truth About Blockchain [J]. Harvard Business Review, 2017, 95 (1): 118-127.
[2] Sánchez HHG, Alejandro KAC, Sáenz ABM. Effect of Information Quality Due Accounting Regulatory Changes: Applied Case to Mexican Real Sector [J]. Contaduría Y Administración, 2017,
[3] Ham C, Lang M, Seybert N, et al. Cfo Narcissism and Financial Reporting Quality [J]. Journal of Accounting Research, 2017, 55 (5): 1089-1135.
[4] Zhang X, Tang G, Lin Z. Managerial Power, Agency Cost and Executive Compensation – an Empirical Study From China [J]. Chinese Management Studies, 2016, 10 (1): 119-137.
[5] Cheng Q, Goh BW, Kim JB. Internal Control and Operational Efficiency [J]. Contemporary Accounting Research, 2018, 35 (2): 1102-1139.
[6] Delis MD, Hasan I, Iosifidi M, et al. Accounting Quality in Banking: the Role of Regulatory Interventions [J]. Journal of Banking & Finance, 2018, 97: 297-317.
[7] Huang xiaoyong Liao-Huitian-Wang-Jinyue. Institutional Environment, Audit Quality and Accounting Information Quality [J]. Finance and Accounting News, 2018, 6
[8] Bhardwaj S, Kaushik M. Smart Computing and Informatics [M]. [S.l.]: Springer, 2018: 263-271.
[9] Ye Xiaoxi, Shao Qing, Xiao Rong. Supply Chain Prototype System Based on Blockchain, Smart Contracts and Internet of Things [J]. Science & Technology Review, 2017, 35 (23): 62-69.
[10] Pazaitis A, Filippi P D, Kostakis V. Blockchain and value systems in the sharing economy: The illustrative case of Backfeed [J]. Technological Forecasting & Social Change, 2017, 125.