Returns and network growth of digital tokens after cross-listings

Benedetti, Hugo; Nikbakht, Ehsan

doi:10.1016/j.jcorpfin.2020.101853

Cited by 40 publications

(18 citation statements)

References 16 publications

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“…They explored the differences in patterns of interconnectedness patterns between trading volume and returns across cryptocurrencies from different categories. Benedetti and Nikbakht [2021] identified that specific heterogeneous characteristics of digital tokens affected the cryptocurrency returns. The speculative nature of cryptocurrency markets has implications for market efficiency, portfolio diversification, the contagion effect and financial stability literature, see Corbet et al [2018] for a systematic review of past papers in this field.…”

Section: Findings Reported Bymentioning

confidence: 99%

The Cryptocurrency Uncertainty Index

et al. 2021

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We have developed and made available a new Cryptocurrency Uncertainty Index (UCRY) based on news coverage. Our UCRY Index captures two types of uncertainty: that of the price of cryptocurrency (UCRY Price) and uncertainty of cryptocurrency policy (UCRY Policy). We show that the constructed index exhibits distinct movements around major events in cryptocurrency space. We suggest that this index captures uncertainty beyond Bitcoin, and can be used for academic, policy, and practice-driven research.

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Section: Findings Reported Bymentioning

confidence: 99%

The Cryptocurrency Uncertainty Index

et al. 2021

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“…ICOs also offer wider portfolio diversification owing to the enlarged spectrum of project investments across various sectors (Adhami and Guegen, 2019) and simultaneously being a part of global investments through ICO has enhanced the investments in ICO. Benedetti and Nikbakht (2021) established that around 2 weeks of cross-listing, tokens earn 16% of crypto-market-adjusted return. Fisch et al (2021) concluded that ICO investors are inspired to invest in these markets due to technological, financial and ideological motives, respectively.…”

Section: Ideological Factorsmentioning

confidence: 99%

The quest for ICO: Identifying and prioritising the factors influencing initial coin offering selection

2023

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Initial coin offerings (ICOs) have emerged as a niche source of entrepreneurial financing and a novel investment option that has appealed to investors. The present study aims to identify and prioritise factors that attract investors in the ICO selection process, thus providing valuable insights in improving their decision‐making process. To examine this objective, data were collected from respondents of four continents who had invested in ICO. The fuzzy analytical hierarchy process was applied to prioritise the factors inducing the decision‐making process of the respondents. Ideological factors, white paper, return expectations and behavioural factors emerged as the top four factors, respectively, that influenced the selection process. In contrast, technological factors appeared to be the least significant factor driving the selection process. This is the first kind of research that deals with the identification and prioritisation of factors and sub‐factors regarding the ICO selection decision‐making. The study will be of huge relevance to investors as it will offer them better clarity regarding the spectrum of factors and sub‐factors that impact their ICO selection process and simultaneously extend guidelines that will help them invest more rationally and strategically. The study will also ensure that issuers devise and design their ICO effectively to draw investors eventually leading to its success. Consequently, the study will serve the policymakers to establish a framework to enhance investors’ protection from any unscrupulous practices.

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“…Alfieri et al (2019) argue that Bitcoin is similar to common stock, has an excellent risk-return profile and represents an opportunity for portfolio diversification. Benedetti and Nikbakht (2021) study the effect of cross-listing. MEDAR 30,7 Polasik et al (2015) find that the price of Bitcoin is influenced by the number and tone of related newspaper articles and Google searches.…”

Section: Finance and Cryptoassets: A Novelty To Account Formentioning

confidence: 99%

Blockchain in accounting practice and research: systematic literature review

Bellucci

Bianchi

Manetti

2022

MEDAR

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Purpose This study aims to review the academic literature on the utilization of blockchain in accounting practice and research to identify potential opportunities for further scientific investigation and to provide a framework for how accounting practices are impacted by blockchain. Design/methodology/approach This study is based on a systematic literature review (SLR) of 346 research products available on Scopus, which were mapped with bibliometric analyses and critically discussed in relation to three main topics: the impact of blockchain on accounting and auditing, cryptoassets and finance, business models and supply chain management. Findings Blockchain has many potential implications for accounting practice and research. In addition to providing the state-of-the-art of accounting research on blockchain and additional avenues for further studies, this study discusses why practitioners are interested in this technology: triple-entry bookkeeping, the inalterability of transactions, the automation of repetitive tasks that do not require discretionary choices, the representation of cryptocurrencies in financial statements, value-chain management, social and environmental auditing and reporting and business model innovation. Originality/value The novel contribution of this study is integrated and threefold. First, this SLR provides a clear picture of the state of the accounting research on blockchain using bibliographic and narrative analyses. Second, it investigates how accounting and auditing practices are impacted by blockchain. Third, it contributes to the accounting literature with its discussion of the potential future research trends related to blockchain for accounting.

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Returns and network growth of digital tokens after cross-listings

Cited by 40 publications

References 16 publications

The Cryptocurrency Uncertainty Index

The Cryptocurrency Uncertainty Index

The quest for ICO: Identifying and prioritising the factors influencing initial coin offering selection

Blockchain in accounting practice and research: systematic literature review

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