Evaluating the impact of blockchain technology development on food industry entrepreneurship

Document Type : Research Paper

Authors

1 1. Assistant Professor of Agricultural Economics, University of Agricultural Science and Natural Resources, Sari, Iran.

2 Associate Professor of Agricultural Economics, University of Agricultural Science and Natural Resources, Sari, Iran.

3 Ph.D. of Agricultural Economics, University of Agricultural Science and Natural Resources, Sari, Iran.

4 Ph.D. Student, Agricultural Economics, University of Agricultural Science and Natural Resources, Sari, Iran.

Abstract

Given that entrepreneurship is considered a tool for economic growth and innovation in all countries and is essential for the well-being of society, it is necessary to identify the factors affecting it and try to improve the current situation. The purpose of this study was to investigate the relationship between the variables of blockchain recognition, investment in blockchain, and governance indicators with the Fear of Failure Rate of entrepreneurial failure. For this purpose, the panel data method was used. The data used are from China, India, Indonesia, Iran, Japan, Saudi Arabia, South Korea, United Arab Emirates, Thailand, and Turkey during the years 2020-2010. According to the results, there is a significant relationship between including Voice and Accountability, Political Stability, Regulatory Quality, Control of Corruption, and Rule of Law, as well as two variables of recognition and investment in blockchain with the Fear of Failure Rate. Based on this, it can be stated that the sample countries can take steps to improve the entrepreneurial situation by developing the necessary conditions for the use of blockchain technology.

Keywords

References

  1. Miraei HR, Nourani AM. Technology and Entrepreneurship. The First International Conference on Accounting, Management and Business Innovation: undefined; 2015.
  2. Kraus S, Palmer C, Kailer N, Kallinger FL, Spitzer J. Digital entrepreneurship: A research agenda on new business models for the twenty-first century. International Journal of Entrepreneurial Behavior & Research. 2018.

https://doi.org/10.1108/IJEBR-06-2018-0425

  1. Nambisan S, Wright M, Feldman M. The digital transformation of innovation and entrepreneurship: Progress, challenges and key themes. Research Policy. 2019;48(8):103773.
  2. Sylvester G. E-agriculture in action: blockchain for agriculture. Opportunities and challenges: FAO/ITU; 2019.

https://doi.org/10.1016/j.respol.2019.03.018

  1. Walter A, Finger R, Huber R, Buchmann N. Opinion: Smart farming is key to developing sustainable agriculture. Proceedings of the National Academy of Sciences. 2017;114(24):6148-50.

https://doi.org/10.1073/pnas.1707462114

  1. Kshetri N. 1 Blockchain’s roles in meeting key supply chain management objectives. International Journal of Information Management. 2018;39:80-9.

https://doi.org/10.1016/j.ijinfomgt.2017.12.005

  1. Ivanov D, Dolgui A, Sokolov B. The impact of digital technology and Industry 4.0 on the ripple effect and supply chain risk analytics. International Journal of Production Research. 2019;57(3):829-46.

https://doi.org/10.1080/00207543.2018.1488086

  1. Oliveira MPVd, Handfield R. Analytical foundations for development of real-time supply chain capabilities. International Journal of Production Research. 2019;57(5):1571-89.

https://doi.org/10.1080/00207543.2018.1493240

  1. Nakamoto S, Bitcoin A. A peer-to-peer electronic cash system. Bitcoin–URL: https://bitcoinorg/bitcoin pdf. 2008;4.
  2. Wu M, Wang K, Cai X, Guo S, Guo M, Rong C. A comprehensive survey of blockchain: From theory to IoT applications and beyond. IEEE Internet of Things Journal. 2019;6(5):8114-54.

https://doi.org/10.1109/JIOT.2019.2922538

  1. Yu FR, He Y. A service-oriented blockchain system with virtualization. Trans Blockchain Technol Appl. 2019;1(1):1-10.
  2. Friedlmaier M, Tumasjan A, Welpe IM, editors. Disrupting industries with blockchain: The industry, venture capital funding, and regional distribution of blockchain ventures. Venture capital funding, and regional distribution of blockchain ventures (September 22, 2017) Proceedings of the 51st annual Hawaii international conference on system sciences (HICSS); 2018.

https://dx.doi.org/10.2139/ssrn.2854756

  1. Wasserman P. Santander's InnoVentures Distributed Ledger Challenge: Decoding Blockchain. Sach Insights. 2016.
  2. Peters GW, Panayi E. Understanding modern banking ledgers through blockchain technologies: Future of transaction processing and smart contracts on the internet of money. Banking beyond banks and money: Springer; 2016. p. 239-78.
  3. Sharma S. Climate change and blockchain. Available at SSRN 3088990. 2017.
  4. Manski S. Building the blockchain world: Technological commonwealth or just more of the same? Strategic Change. 2017;26(5):511-22.

https://doi.org/10.1002/jsc.2151

  1. Tripoli M, Schmidhuber J. Emerging Opportunities for the Application of Blockchain in the Agri-food Industry. FAO and ICTSD: Rome and Geneva Licence: CC BY-NC-SA. 2018;3.
  2. Lin W, Huang X, Fang H, Wang V, Hua Y, Wang J, et al. Blockchain technology in current agricultural systems: from techniques to applications. IEEE Access. 2020;8:143920-37.

https://doi.org/10.1109/ACCESS.2020.3014522

  1. Iansiti M, Lakhani KR. Do Not Copy or Post. HBR, R1701J, Jan-Feb. 2017.
  2. Eyal I, Sirer EG, editors. Majority is not enough: Bitcoin mining is vulnerable. International conference on financial cryptography and data security; 2014: Springer.

https://doi.org/10.1145/3212998

  1. Wang Y, Kogan A. Designing confidentiality-preserving Blockchain-based transaction processing systems. International Journal of Accounting Information Systems. 2018;30:1-18.

https://doi.org/10.1016/j.accinf.2018.06.001

  1. Dai J, Vasarhelyi MA. Toward blockchain-based accounting and assurance. Journal of Information Systems. 2017;31(3):5-21.

https://doi.org/10.2308/isys-51804

  1. Radanović I, Likić R. Opportunities for use of blockchain technology in medicine. Applied health economics and health policy. 2018;16(5):583-90.

https://doi.org/10.1007/s40258-018-0412-8

  1. Chen L, Xu L, Gao Z, Lu Y, Shi W, editors. Protecting early stage proof-of-work based public blockchain. 2018 48th Annual IEEE/IFIP International Conference on Dependable Systems and Networks Workshops (DSN-W); 2018: IEEE.

https://doi.org/10.1109/DSN-W.2018.00050

  1. Ying W, Jia S, Du W. Digital enablement of blockchain: Evidence from HNA group. International Journal of Information Management. 2018;39:1-4.

https://doi.org/10.1016/j.ijinfomgt.2017.10.004

  1. Knoll M, Zloczysti P. The good governance indicators of the millennium challenge account: How many dimensions are really being measured? World Development. 2012;40(5):900-15.

https://doi.org/10.1016/j.worlddev.2011.11.010

  1. Amorós JE, Bosma N, Levie J. Ten years of global entrepreneurship monitor: Accomplishments and prospects. International Journal of Entrepreneurial Venturing. 2013;5(2):120-52.

https://doi.org/10.1504/IJEV.2013.053591

  1. Venkataraman S, Shane S. The promise of entrepreneurship as a field of research. Academy of management review. 2000;25(1):217-26.

https://doi.org/10.5465/amr.2000.2791611

  1. Shane SA. A general theory of entrepreneurship: The individual-opportunity nexus: Edward Elgar Publishing; 2003.
  2. Gaglio CM. The role of mental simulations and counterfactual thinking in the opportunity identification process. Entrepreneurship Theory and Practice. 2004;28(6):533-52.

https://doi.org/10.1111/j.1540-6520.2004.00063.x

  1. Arenius P, Minniti M. Perceptual variables and nascent entrepreneurship. Small business economics. 2005;24(3):233-47.

https://doi.org/10.1007/s11187-005-1984-x

  1. Wagner J. What a difference a Y makes-female and male nascent entrepreneurs in Germany. Small business economics. 2007;28(1):1-21.

https://doi.org/10.1007/s11187-005-0259-x

  1. Askari H, Geibel R, editors. How do certain Factors affect the fear of Failure in Entrepreneurship? International Conference on Business Strategy and Organizational Behaviour (BizStrategy) Proceedings; 2014: Global Science and Technology Forum.
  2. Vaillant Y, Lafuente E. Do different institutional frameworks condition the influence of local fear of failure and entrepreneurial examples over entrepreneurial activity? Entrepreneurship and Regional Development. 2007;19(4):313-37.

https://doi.org/10.1080/08985620701440007

  1. Nefzi N. Fear of failure and entrepreneurial risk perception. 2018.
  2. Demirguc-Kunt A, Love I, Maksimovic V. Business environment and the incorporation decision. Journal of Banking & Finance. 2006;30(11):2967-93.

https://doi.org/10.1016/j.jbankfin.2006.05.007

  1. Groşanu A, Boţa-Avram C, Răchişan PR, Vesselinov R, Tiron-Tudor A. The influence of country-level governance on business environment and entrepreneurship: A global perspective. Amfiteatru Economic Journal. 2015;17(38):60-75.
  2. Ha TT. Identifying the public administration reform performance through the lens of provincial competitiveness index and GDP per capita in Vietnam. 2012.

http://www.scirp.org/journal/PaperInformation.aspx?PaperID=16801

  1. Cann O, editor These are the top 10 emerging technologies of 2016. World Economic Forum; 2016.
  2. Underwood S. Blockchain beyond bitcoin. Communications of the ACM. 2016;59(11):15-7.

https://doi.org/10.1145/2994581

  1. Weking J, Mandalenakis M, Hein A, Hermes S, Böhm M, Krcmar H. The impact of blockchain technology on business models–a taxonomy and archetypal patterns. Electronic Markets. 2020;30(2):285-305.

https://doi.org/10.1007/s12525-019-00386-3

  1. Patil AS, Tama BA, Park Y, Rhee K-H. A framework for blockchain based secure smart green house farming. Advances in Computer Science and Ubiquitous Computing: Springer; 2017. p. 1162-7.

https://doi.org/10.1007/978-981-10-7605-3_185

  1. Li J, Qu F, Tu X, Fu T, Guo J, Zhu J, editors. Public philanthropy logistics platform based on blockchain technology for social welfare maximization. 2018 8th International Conference on Logistics, Informatics and Service Sciences (LISS); 2018: IEEE.

https://doi.org/10.1109/LISS.2018.8593217

  1. Wiklund J, Davidsson P, Audretsch DB, Karlsson C. The future of entrepreneurship research. Entrepreneurship Theory and Practice. 2011;35(1):1-9.

https://doi.org/10.1111/j.1540-6520.2010.00420.x

  1. Rauch A, Wiklund J, Lumpkin GT, Frese M. Entrepreneurial orientation and business performance: An assessment of past research and suggestions for the future. Entrepreneurship theory and practice. 2009;33(3):761-87.

https://doi.org/10.1111/j.1540-6520.2009.00308.x

  1. Thai MTT, Turkina E. Macro-level determinants of formal entrepreneurship versus informal entrepreneurship. Journal of Business Venturing. 2014;29(4):490-510.

https://doi.org/10.1016/j.jbusvent.2013.07.005

  1. Sternberg R, Wennekers S. Determinants and effects of new business creation using global entrepreneurship monitor data. Small business economics. 2005;24(3):193-203.

https://doi.org/10.1007/s11187-005-1974-z

  1. Rhee C. Asian Development Outlook 2013 Update: Governance and Public Service Delivery: Main Report. 2013.
  2. Kaufmann D, Kraay A, Mastruzzi M. The worldwide governance indicators: Methodology and analytical issues1. Hague journal on the rule of law. 2011;3(2):220-46.

https://doi.org/10.1017/S1876404511200046

  1. Arab HR, Emami Meibodi A, Rajabi Ghadi S. The relationship between renewable energy use and economic growth in OPEC countries. Iranian energy economics. 2017;6(23).
  2. Gurgul H, Lach Ł. Globalization and economic growth: Evidence from two decades of transition in CEE. Economic Modelling. 2014;36:99-107.
  3. Das A, Khan S, Chowdhury M. Effects of ICT development on economic growth in emerging Asian countries. ICTs in Developing Countries: Springer; 2016. p. 141-59.

 https://doi.org/10.1057/9781137469502_9

  1. Nawaser K, Khaksar SMS, Shakhsian F, Jahanshahi AA. Motivational and legal barriers of entrepreneurship development. International Journal of Business and Management. 2011;6(11):112.

http://dx.doi.org/10.5539/ijbm.v6n11p112

  1. Olaison L, Sørensen BM. The abject of entrepreneurship: Failure, fiasco, fraud. International Journal of Entrepreneurial Behavior & Research. 2014.

https://doi.org/10.1108/IJEBR-09-2013-0143

  1. Kollmann T, Stöckmann C, Kensbock JM. Fear of failure as a mediator of the relationship between obstacles and nascent entrepreneurial activity—An experimental approach. Journal of Business Venturing. 2017;32(3):280-301.

https://doi.org/10.1016/j.jbusvent.2017.02.002

Agricultural Economics Research
Volume 16, Issue 1 - Serial Number 1
February 2024
Pages 32-44

Files

History

  • Receive Date: 19 February 2022
  • Revise Date: 11 June 2022
  • Accept Date: 04 November 2023

Share

How to cite

Statistics