The Effect of Blockchain Technology on the Relationship between Shareholders Concentration and Risk Taking of Banking Sectors in Bangladesh.

This study examines the effect of Blockchain Technology (BT) adoption on the relationshipbetween Shareholder Concentration (SHC) and Risk-Taking (RT) in the banking sector ofBangladesh. By applying agency and Recourse Based View (RBV) theory connected in therelationship of BT on SHC and RT. Using time series data from listed Private Commercial Banks(PCB) and BT used banks in Bangladesh over the period of six years (2017 – 2023 year). SHCis measured through shareholding the percentage of shares concentration, while bank risk-takingis proxy by indicators such as Non-Performing Loan (NPL) ratio and Z-score. StructuralEquation Modeling (SEM) building estimations are employed to measure mediating effects. Thefindings reveal that SHC is positively associated with bank risk-taking, supporting the intensethat dominant shareholders may encourage riskier strategies to the stakeholder’s interest.However, the results also imply that BT strengthens transparency and monitoring, therebymitigating excessive risk incentives arising from concentrated shareholders. This studycontributes to the literature by integrating BT into banking risk and shareholders structure research and offers policy implications for regulators and bank managers seeking to enhance financial stability in emerging markets.