Date of Publication

3-2022

Document Type

Bachelor's Thesis

Degree Name

Bachelor of Science in Management of Financial Institutions

Subject Categories

Finance and Financial Management

College

Ramon V. Del Rosario College of Business

Department/Unit

Financial Management Department

Thesis Advisor

Ricarte Pinlac

Defense Panel Chair

Marycris Albao

Defense Panel Member

Dioscoro Baylon, Jr
Harold Cao

Abstract/Summary

The study aims to determine the impact of the announcement of blockchain technology use on select ASEAN banks stock price. As the financial technology industry takes its innovative step forward decentralizing many traditional financial services, public sentiment has yet to be decided on how this will affect the existing industries moving forward. This study takes into account the efficient market hypothesis and its forms as well as how it applies to the ASEAN markets. Market efficiency levels differ from country to country and the study seeks to discover how far the limits of the announcement effect can contribute to volatility of stock prices and whether or not blockchain technology is seen by market sentiment as a significant provider of value to shareholders. Tying together the degree of market efficiency, the announcement effect, and its connection to the implementation of blockchain technology, the research sample is limited only to the ASEAN region and the finite amount of publicly traded banks which have adopted blockchain technology.

Abstract Format

html

Language

English

Format

Electronic

Keywords

Blockchains (Databases); Banks and banking—Technological innovations

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Embargo Period

3-16-2023

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