CUFE-BS Academic Seminar: Managerial Myopia, Incentives, and Blockchain Implementation: The Moderating Role of Firm Ecosystem Characteristics

Date: 2025-03-28    ClickTimes:


Time: 19:00-20:00, 10 April 2025

Speaker: Wai Fong Boh is President's Chair Professor of Information Systems at Nanyang Technological University (NTU), Singapore. She currently serves as Vice President for Lifelong Learning and Alumni Engagement at NTU and is Co-Director of the Centre for Computational Technologies in Finance. She received her PhD from the Tepper School of Business at Carnegie Mellon University. Her research interests span knowledge management, innovation management, and entrepreneurship. She has published extensively in leading information systems and management journals, including Management Science, MIS Quarterly, Academy of Management Journal, Organization Science, Journal of Management Information Systems, Journal of the Association for Information Systems, Research Policy, and Information & Organization. She currently serves as a Senior Editor of MIS Quarterly.

Abstract:

This study focuses on blockchain as an ecosystem innovation with technological advantages that can transform operating paradigms and processes. Because blockchain implementation brings both benefits and challenges, managers tend to delay adoption unless they take a long-term perspective. Drawing on upper echelons theory and an ecosystem perspective, the study highlights the importance of managers' long-term orientation in blockchain implementation. It examines managerial myopia and equity-based incentives as key antecedents of blockchain implementation, and further explores how important ecosystem characteristics moderate the realization of blockchain value. Empirically, the study tests its hypotheses using data from Chinese A-share firms listed on the Shanghai and Shenzhen stock exchanges. The results show that managerial myopia impedes blockchain implementation, whereas equity-based incentives promote it. Favorable ecosystem characteristics for blockchain implementation reduce the need for managers to take a long-term view. Peer blockchain implementation and geographic proximity weaken the negative effect of managerial myopia. Network centrality weakens the positive effect of managerial incentives but exacerbates the negative effect of managerial myopia. The study extends the literature on antecedents of blockchain implementation and contributes to upper echelons theory and the ecosystem perspective.