Block Chain Policy’s Impact on Firms’ Performance Based on PSM-DID

Early in 2020, China’s National Development and Reform Commission initially outlined the parameters of new infrastructure, with blockchain technology serving as a crucial tenet. A technologically advanced infrastructure system based on information networks, targeted at requirements high-quality development, offering services like digital transformation, intelligent upgrades, integrated innovation is what hoped to be built. This study builds DID model for analysis aims investigate how adoption policy has affected performance various carbon emission enterprises. The paper discovered that regulation negative impact high-carbon businesses using model. robustness assessment PSM-DID reveals same results. Furthermore, we found current ratio ttm had positive corporate performance. still some limitations. To explore types organizations, article does not take into account state-owned non-state-owned qualities Future research this topic will focus characteristics businesses.