The DOI matches its Crossref record; 4 of the 4 references it cites were found in a registry or an index.
Why do businesses go crypto? An empirical analysis of initial coin offerings
Open accessAbstract
In this work, we provide the first comprehensive description of the Initial Coin Offering (ICO) phenomenon, which by the end of 2017 allowed startups around the world to raise more than $5.3 billion, according to market observers. We analyze the determinants of the success of these token offerings by considering a sample of 253 campaigns. We find that the probability of an ICO’s success is higher if the code source is available, when a token presale is organized, and when tokens allow contributors to access a specific service (or to share profits). Our results provide valuable insights into this new source of capital for businesses and into the key determinants of fundraising success.
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Cites
Hawk: The Blockchain Model of Cryptography and Privacy-Preserving Smart Contracts
Kosba, A., Miller, A., Shi, E., Wen, Z., & Papamanthou, C. (2016) · 2016 IEEE Symposium on Security and Privacy (SP) · doi:10.1109/sp.2016.55 · Cited by 2,227
Open source software and the “private-collective” innovation model: Issues for organization science
Hippel, E. V., & Krogh, G. V. (2003) · Organization Science · doi:10.1287/orsc.14.2.209.14992 · Cited by 2,145
Blockchain technology: principles and applications
Pilkington, M. (2016) · Research Handbook on Digital Transformations · doi:10.4337/9781784717766.00019 · Cited by 1,627
Challenges of open innovation: the paradox of firm investment in open-source software
West, J., & Gallagher, S. (2006) · R and D Management · doi:10.1111/j.1467-9310.2006.00436.x · Cited by 1,136 · cited 1×
“…posits that open-source strategies offer the potential for a more flexible technology and quicker innovation (von Hippel & von Krogh, 2003; West & Gallagher, 2006); open-source code is more reliable since it typically has thousands of independent programmers testing and fixing bugs…”
Cited by
Blockchain for internet of things: a survey
Dai, H.-N., Zheng, Z., & Zhang, Y. (2019) · IEEE Internet of Things Journal · doi:10.1109/jiot.2019.2920987 · Cited by 1,246
A Theory of ICOs: Diversification, Agency, and Information Asymmetry
Chod, J., & Lyandres, E. (2021) · Management Science · doi:10.1287/mnsc.2020.3754 · Cited by 298
Platform Tokenization: Financing, Governance, and Moral Hazard
Chod, J., Trichakis, N., & Yang, S. A. (2022) · Management Science · doi:10.1287/mnsc.2021.4225 · Cited by 134
Machine Learning Algorithm for Cryptocurrencies Price Prediction
Awotunde, J. B., Ogundokun, R. O., Jimoh, R. G., Misra, S., & Aro, T. O. (2021) · Studies in Computational Intelligence · doi:10.1007/978-3-030-72236-4_17 · Cited by 58
State-of-the-Art Research in Blockchain of Things for HealthCare
Almalki, J. (2024) · Arabian Journal for Science and Engineering · doi:10.1007/s13369-023-07896-5 · Cited by 21
Metadata
- Authors
- Adhami, S., Giudici, G., & Martinazzi, S.
- Venue
- Journal of Economics and Business
- Publisher
- Elsevier BV
- Published
- 2018-11
- Volume
- 100
- Pages
- 64-75
- ISSN
- 0148-6195 (ISSN-L)
- OpenAlex
- W3124303716
- Cited by
- 557
- References
- 4
- FWCI
- 97.09
- Type
- journal article
- Language
- en
- Open access
- green
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- Adhami, S., Giudici, G., & Martinazzi, S. (2018). Why do businesses go crypto? An empirical analysis of initial coin offerings. Journal of Economics and Business. https://doi.org/10.1016/j.jeconbus.2018.04.001
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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