Analysis of Stock Price and Profit Growth Before and After Companies Adopt Blockchain Technology
摘要
The research purposes were to determine the difference in stock price growth and profits before and after the company adopted blockchain technology. The quantitative research method was applied by conducting descriptive data analysis, normality test, and Mann-Whitney t-test with a research sample of all banking companies listed on the Indonesia Stock Exchange before and after the companies adopted blockchain technology. This research used the SPSS 26 application to carry out data processing. Based on the calculation results of the Mann-Whitney difference test on share price growth in this study, there is a significant difference in share price growth before and after the company has adopted blockchain technology. However, based on the calculation results of the Mann-Whitney difference test on profit growth, there is no significant difference in profit growth before and after the company has adopted blockchain technology. In conclusion, share price growth has a significant influence on companies that adopt blockchain technology. Meanwhile, profit growth does not have a significant influence and difference on companies that adopt blockchain technology.