From information transfer to knowledge sharing in corporate governance: The challenging role of Blockchain technology

Abstract

The increasing market turbulence is recalling the attention of both researchers and practitioners interested in business dynamics on the need for developing conceptual and interpretative frameworks able to face the emerging challenges related to the on-going market changes. As a prominent domain of interest in business studies, corporate governance should rethink itself to overcome consolidated transactional approaches with the aim of ensuring companies’ survival thanks to the collaboration among all the actors involved in social and economic paths. Accordingly, the paper proposes conceptual reflections about the ways in which corporate governance could overcome traditional issues related to information asymmetry and agency problems and shift from an information transfer-based view to a knowledge-sharing approach thanks to the contribution provided by the information technologies. The Blockchain technology is used as an example for building a conceptual model able to explain the potential advantages of the proposed change in perspective for corporate governance