{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,1,15]],"date-time":"2026-01-15T23:44:16Z","timestamp":1768520656057,"version":"3.49.0"},"reference-count":95,"publisher":"Emerald","issue":"10","license":[{"start":{"date-parts":[[2024,9,10]],"date-time":"2024-09-10T00:00:00Z","timestamp":1725926400000},"content-version":"tdm","delay-in-days":0,"URL":"https:\/\/www.emerald.com\/insight\/site-policies"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["IMDS"],"published-print":{"date-parts":[[2024,10,1]]},"abstract":"<jats:sec><jats:title content-type=\"abstract-subheading\">Purpose<\/jats:title><jats:p> As a disruptive technology, blockchain technology brings new opportunities and challenges to operations management. We aim to examine the influences of blockchain cooperation project announcements (BCPAs) on firms\u2019 stock market reactions in an emerging market. From 2016 to 2021, a total of 113 BCPAs of listed firms from the Chinese A-share market are selected as samples.<\/jats:p><\/jats:sec><jats:sec><jats:title content-type=\"abstract-subheading\">Design\/methodology\/approach<\/jats:title><jats:p> This study is based on the loose coupling theory and uses the event study method and probit regression analysis.<\/jats:p><\/jats:sec><jats:sec><jats:title content-type=\"abstract-subheading\">Findings<\/jats:title><jats:p> We find BCPAs positively affect the firm\u2019s stock price on the day they are released. Compared with vertical BCPAs in a supply chain, horizontal BCPAs exert a more positive market reaction. Moreover, a BCPA with a partner within a shorter geographical distance exerts a more positive influence on market reaction. Contrary to the intuition of the decentralized blockchain feature that one-to-many cooperation leads to better benefits, one-to-one BCPAs exert a more positive effect on market reaction than one-to-many BCPAs. We further find that (1) industry type has a certain impact on cooperation mode selection, and (2) manufacturing firms are more inclined to choose one-to-one cooperation than those in service industry.<\/jats:p><\/jats:sec><jats:sec><jats:title content-type=\"abstract-subheading\">Originality\/value<\/jats:title><jats:p> We focus on the impact of blockchain cooperative announcements and additionally use the probit regression models to analyze the influencing factors of cooperation mode selection and find the critical role of the industry type, which complements the existing empirical research on blockchain announcements and is conducive to provide decision-making reference for managers.<\/jats:p><\/jats:sec>","DOI":"10.1108\/imds-03-2024-0166","type":"journal-article","created":{"date-parts":[[2024,9,9]],"date-time":"2024-09-09T04:22:18Z","timestamp":1725855738000},"page":"2817-2846","source":"Crossref","is-referenced-by-count":3,"title":["Impacts of blockchain cooperation project announcements on corporate stock market values: a\u00a0loose coupling theory perspective"],"prefix":"10.1108","volume":"124","author":[{"given":"Weihua","family":"Liu","sequence":"first","affiliation":[]},{"ORCID":"https:\/\/orcid.org\/0000-0002-0787-7169","authenticated-orcid":false,"given":"Shangsong","family":"Long","sequence":"additional","affiliation":[]},{"ORCID":"https:\/\/orcid.org\/0000-0001-5411-9574","authenticated-orcid":false,"given":"Jingkun","family":"Wang","sequence":"additional","affiliation":[]}],"member":"140","published-online":{"date-parts":[[2024,9,10]]},"reference":[{"issue":"4","key":"key2024093009213198500_ref001","doi-asserted-by":"publisher","first-page":"464","DOI":"10.1002\/joom.1074","article-title":"When do appointments of corporate sustainability executives affect shareholder value?","volume":"66","year":"2020","journal-title":"Journal of Operations Management"},{"issue":"7","key":"key2024093009213198500_ref002","doi-asserted-by":"publisher","first-page":"1089","DOI":"10.1111\/j.1467-6486.2009.00836.x","article-title":"Institutional reforms and investor reactions to CSR announcements: evidence from an emerging economy","volume":"46","year":"2009","journal-title":"Journal of management studies"},{"issue":"2","key":"key2024093009213198500_ref003","doi-asserted-by":"publisher","first-page":"223","DOI":"10.1287\/msom.2018.0752","article-title":"Distributed ledgers and operations: what operations management researchers should know about blockchain technology","volume":"22","year":"2020","journal-title":"Manufacturing and Service Operations Management"},{"issue":"4","key":"key2024093009213198500_ref004","doi-asserted-by":"publisher","first-page":"579","DOI":"10.1287\/msom.1070.0163","article-title":"Project performance and the enabling role of information technology: an exploratory study on the role of alignment","volume":"9","year":"2007","journal-title":"Manufacturing and Service Operations Management"},{"key":"key2024093009213198500_ref005","article-title":"Organizational adoption of blockchain technology: an ecosystem perspective","year":"2019"},{"issue":"3","key":"key2024093009213198500_ref006","doi-asserted-by":"publisher","first-page":"367","DOI":"10.1016\/s0149-2063(00)00046-5","article-title":"Walking a tightrope: creating value through interorganizational relationships","volume":"26","year":"2000","journal-title":"Journal of Management"},{"issue":"9","key":"key2024093009213198500_ref007","doi-asserted-by":"publisher","first-page":"1","DOI":"10.1080\/09537287.2022.2063173","article-title":"Entering the world behind the clothes that we wear: practical applications of blockchain technology","volume":"35","year":"2022","journal-title":"Production Planning and Control"},{"issue":"2","key":"key2024093009213198500_ref008","doi-asserted-by":"publisher","first-page":"181","DOI":"10.1111\/poms.12234","article-title":"All you need is trust? 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