Digital social capital and performance of initial coin offerings

Pérez, Charles; Sokolova, Karina; Konate, Malick

doi:10.1016/j.techfore.2019.119888

Cited by 34 publications

(21 citation statements)

References 44 publications

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“…However, in any case, it is for sure that abrupt price changes occur for many cryptocurrencies in this non-regulated structure right after the offering process. Perez et al (2020) produced an empirical study of 537 young cryptocurrencies and ICOs carried out in 2018 to explore the role of digital social capital in ICO performance to find that website social capital is the strongest determinant of ICO performance followed by the social capital management. Domingo et al (2020) found that while Bitcoin spot and Bitcoin futures returns exert a positive influence on ICO returns, the existence of a pre-sale period exerts a negative influence, and ICO category seems to be non-significant.…”

Section: Previous Literature and Hypotheses Developmentmentioning

confidence: 99%

Riding the Wave of Crypto-Exuberance: The Potential Misusage of Corporate Blockchain Announcements

et al. 2021

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Cryptocurrencies have been broadly scrutinised in recent times for a host of concerning regulatory and cybercriminality issues. Although steps have been taken to promote regulatory sufficiency in the near future, we examine the avenues through which this extremely high-risk industry can derive potentially devastating contagion channels, influencing both unwilling and unsuspecting investors. We focus this research on the expressions of interest by publicly traded companies across the world to utilise cryptocurrency and blockchain projects. We find evidence that there exists a substantial stock price premium and sustained increase in volatility in the aftermath of blockchain announcements, with emphasis on highly-speculative motives such as coin creation and corporate name changes. Changes in price discovery and information flows are found to be largely determined from cryptocurrency-based pricing sources in the aftermath of speculative announcements. We discuss the inherent ethical and legal issues, considering as to whether such announcements are simply an attempt to artificially manipulate share prices and take part in the current phase of crypto-exuberance.

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Section: Previous Literature and Hypotheses Developmentmentioning

confidence: 99%

Riding the Wave of Crypto-Exuberance: The Potential Misusage of Corporate Blockchain Announcements

et al. 2021

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Section: Open Innovation and Women Entrepreneursmentioning

confidence: 99%

“…Gradually, open innovations are carried out by individuals or women's networks in Denpasar, Bali; open innovations are formed with the help of the dynamic role of industry, government, training institutions, and the community environment [30]. This creative industry of female entrepreneurs continues to follow the trend of technological progress by adopting an open platform to maintain an ongoing innovation environment [30]. Training institutions and government provide support to women entrepreneurs in Bali by being proactively involved in various fields, from training on finances and technology transfer to the joint creation of knowledge [31].…”

Section: Open Innovation and Women Entrepreneursmentioning

confidence: 99%

The Passway of Women Entrepreneurship: Starting from Social Capital with Open Innovation, through to Knowledge Sharing and Innovative Performance

Setini

Yasa

Supartha

et al. 2020

Journal of Open Innovation: Technology, Market, and Complexity

120

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Customs and culture should create women’s independence to actualize themselves in an era of emerging social progress in order to lead to the domination of women in the development of creative businesses. This research examines the role of social capital and whether it becomes a supporting or hindering factor in developing the creative industry of women entrepreneurs by examining the role of information sharing and innovations. Employing purposive sampling, questionnaires were distributed to 200 women entrepreneurs, and data were analyzed by using Structural Equation Modeling(PLS–SEM)software with SmartPLS Version 3.0. Social capital has a positive influence on the business performance of women entrepreneurs in Bali, Indonesia. Thus, the beliefs and norms that exist in the social capital of the Balinese Hindu concept can filter the information obtained from various information in business, which will ultimately be utilized by women entrepreneurs to create various innovations to meet the market demand. However, opportunities for women entrepreneurs are very limited to capital due to lack of guarantees to get capital, and a lack of entrepreneurship skills in the technological era, market access, bureaucracy, and legalization. Further, managerial skills, access to information technology, as well as the perspective that the men must be superior in Balinese culture and customs, make business for women entrepreneurs limited.

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“…The initial coin offerings not only brings the global investors together but also removes the requirement of any intermediaries, investment bankers, or auditors, which automatically reduces the costs incurred to the relevant companies. In the year 2018 alone, a staggering amount of 550 million USD was raised through initial coin offerings (ICO), a figure that was higher than the amount raised through any traditional channels ( Perez et al., 2020 ). The technical algorithm that makes the blockchain can reduce transactional costs for stakeholders, eliminate the third-party intermediaries, and also improve the entrepreneurial financing ecosystem ( Ahluwalia et al., 2020 ).…”

Section: Introduction and Literature Reviewmentioning

confidence: 99%

Portfolio optimization in the era of digital financialization using cryptocurrencies

Ahmad

Liu

et al. 2020

Technological Forecasting and Social Change

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Digital social capital and performance of initial coin offerings

Cited by 34 publications

References 44 publications

Riding the Wave of Crypto-Exuberance: The Potential Misusage of Corporate Blockchain Announcements

Riding the Wave of Crypto-Exuberance: The Potential Misusage of Corporate Blockchain Announcements

The Passway of Women Entrepreneurship: Starting from Social Capital with Open Innovation, through to Knowledge Sharing and Innovative Performance

Portfolio optimization in the era of digital financialization using cryptocurrencies

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