The Financial and Non-Financial Performance of Token-Based Crowdfunding: Certification Arbitrage, Investor Choice, and the Optimal Timing of ICOs
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More about this item
Keywords
Token Offering; Initial Coin Offering (ICO); crypto funds; operating versus financial performance; entrepreneurial finance; optimal timing;All these keywords.
JEL classification:
- G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
- G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
- K22 - Law and Economics - - Regulation and Business Law - - - Business and Securities Law
- L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
NEP fields
This paper has been announced in the following NEP Reports:- NEP-BAN-2023-06-12 (Banking)
- NEP-CFN-2023-06-12 (Corporate Finance)
- NEP-ENT-2023-06-12 (Entrepreneurship)
- NEP-PAY-2023-06-12 (Payment Systems and Financial Technology)
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