Corporate Governance and Blockchains

Yermack, David

doi:10.2139/ssrn.2700475

Cited by 59 publications

(88 citation statements)

References 63 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Our finding has a profound implication for practitioners as well. Recently, with significant development in FinTech (Philippon, ; Yermack, ), fully Internet‐based banks have been opening in various countries. Some of them require the customers to send an accurate picture of photo IDs using their smart phones, which opens up a potential avenue to utilize the Big Data of facial masculinity of retail customers in studying their deposit and borrowing behavior as well as default rate, depending on the legal approval by government authorities.…”

Section: Discussionmentioning

confidence: 99%

The face of risk: CEO facial masculinity and firm risk

Kamiya

Kim

Park

2018

Euro Fin Management

View full text Add to dashboard Cite

We examine whether a male CEO's facial masculinity, measured by facial width‐to‐height ratio (fWHR), predicts the riskiness of his firm. Using the face pictures of 1,162 CEOs in the Execucomp database, we find supporting evidence. Firms with more masculine‐faced CEOs have higher stock return volatility and higher financial leverage and are more acquisitive. Their frequency of acquisitions, the dollar amount spent on acquisitions, and the takeover premium are all higher. We find that more masculine‐faced CEOs’ compensation is more sensitive to the risk of the firm. The result is robust when we use AI (artificial intelligence)‐measured fWHR of the CEOs.

show abstract

Section: Discussionmentioning

confidence: 99%

The face of risk: CEO facial masculinity and firm risk

Kamiya

Kim

Park

2018

Euro Fin Management

View full text Add to dashboard Cite

show abstract

“…It is likely that there will be vast changes in financial contracting, trading, risk management, and corporate finance, all implemented on blockchain infrastructure. For a comprehensive outlook on the disruptive (and beneficial) potential of blockchains, see Harvey () and Yermack ().…”

Section: Blockchains and Cryptocurrenciesmentioning

confidence: 99%

The future of fintech

Das

2019

Financial Management

143

View full text Add to dashboard Cite

This article describes the growing field of financial technology (fintech) and the different financial paradigms and technologies that support it. Fintech is primarily a disintermediation force where disruptive technologies are the drivers. This framework discusses 10 primary areas in fintech comprising a taxonomy, which categorizes research in the field and also proposes a pedagogical structure. Pitfalls of fintech are also analyzed. Overall, the great strides made in computing technology, mathematics, statistics, psychology, econometrics, linguistics, cryptography, big data, and computer interfaces have combined to create an explosion of fintechs.

show abstract

“…While BT has already begun to demonstrate its disruptive influence on different industries such as financial services, agriculture, trade, healthcare, transportation as well as government (Ølnes et al. ; Tan and Low ; Yermack ), it is also expected to strongly impact on the accounting and auditing profession in the future (Coyne and McMickle ; CPA and AICPA ; Dai and Vasarhelyi ; Kokina et al. ; Rückeshäuser ; Yermack ).…”

mentioning

confidence: 99%

“…; Tan and Low ; Yermack ), it is also expected to strongly impact on the accounting and auditing profession in the future (Coyne and McMickle ; CPA and AICPA ; Dai and Vasarhelyi ; Kokina et al. ; Rückeshäuser ; Yermack ). Dai and Vasarhelyi (: 5–6) argue that ‘[b]lockchain's functions of protecting data integrity, instant sharing of necessary information, as well as programmable and automatic controls of processes, could facilitate the development of a new accounting ecosystem’.…”

mentioning

confidence: 99%

See 1 more Smart Citation

Accounting and Auditing at the Time of Blockchain Technology: A Research Agenda

Schmitz

Leoni

2019

Australian Accounting Review

276

286

View full text Add to dashboard Cite

Blockchain is a distributed ledger technology expected to have significant impacts on the accounting and auditing profession. This study, applicable and timely for both accounting and auditing scholars and practitioners, explores blockchain technology and its main implications for the accounting and auditing profession. The research question addressed in this study is: What are the major themes emerging from academic research and professional reports and websites debating blockchain technology in the accounting and auditing context? A literature review of academic literature and professional reports and websites is performed to identify a taxonomy of emerging themes. The study finds that the most discussed themes in scholarly works and professional sources are governance, transparency and trust issues in the blockchain ecosystem, blockchain‐enabled continuous audits, smart contract applications and the paradigmatic shift in accountants' and auditors' roles. Based on these four themes, practical implications for accountants and auditors on how to approach the blockchain development are provided. Moreover, this study offers suggestions for future research on accounting and auditing in the blockchain era.

show abstract

Corporate Governance and Blockchains

Abstract: NBER working papers are circulated for discussion and comment purposes. They have not been peer-reviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications.

Cited by 59 publications

References 63 publications

The face of risk: CEO facial masculinity and firm risk

The face of risk: CEO facial masculinity and firm risk

The future of fintech

Accounting and Auditing at the Time of Blockchain Technology: A Research Agenda

Contact Info

Product

Resources

About