ICObench ratings and Initial Coin Offerings’ success

Detalhes bibliográficos
Autor(a) principal: Brochado, A.
Data de Publicação: 2022
Outros Autores: Mergulhão, M.
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10071/26939
Resumo: Initial coin offerings (ICOs)–commonly referred to as token sales or token offerings– are assisted by blockchain technology. This financing tool helps entrepreneurs finance early-stage ventures on a decentralized, global scale. Researchers have previously called for more research to be carried out vis-à-vis the role of information intermediaries in the ICO ecosystem. The main goal of this study was to analyze the correlation between ICO ratings and the financing success of ICOs. As a result, secondary microdata on 5,581 ICOs were collected from the ICObench website. The results reveal that ICO ratings issued by third parties have a positive influence on the fundraising campaign of these offerings. ICO ratings thus appear to function as an effective signal to buyers and to reduce information asymmetry between sellers and investors.
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spelling ICObench ratings and Initial Coin Offerings’ successFinancial technology (fintech)Initial coin offering (ICO)RatingEarlystage investmentSignaling theoryInitial coin offerings (ICOs)–commonly referred to as token sales or token offerings– are assisted by blockchain technology. This financing tool helps entrepreneurs finance early-stage ventures on a decentralized, global scale. Researchers have previously called for more research to be carried out vis-à-vis the role of information intermediaries in the ICO ecosystem. The main goal of this study was to analyze the correlation between ICO ratings and the financing success of ICOs. As a result, secondary microdata on 5,581 ICOs were collected from the ICObench website. The results reveal that ICO ratings issued by third parties have a positive influence on the fundraising campaign of these offerings. ICO ratings thus appear to function as an effective signal to buyers and to reduce information asymmetry between sellers and investors.CICEE2023-01-03T09:46:39Z2022-01-01T00:00:00Z20222023-01-03T09:48:22Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10071/26939eng2184-898X10.26619/ERBE-2022.2.1.6Brochado, A.Mergulhão, M.info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-11-09T17:54:25Zoai:repositorio.iscte-iul.pt:10071/26939Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T22:27:27.586065Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv ICObench ratings and Initial Coin Offerings’ success
title ICObench ratings and Initial Coin Offerings’ success
spellingShingle ICObench ratings and Initial Coin Offerings’ success
Brochado, A.
Financial technology (fintech)
Initial coin offering (ICO)
Rating
Earlystage investment
Signaling theory
title_short ICObench ratings and Initial Coin Offerings’ success
title_full ICObench ratings and Initial Coin Offerings’ success
title_fullStr ICObench ratings and Initial Coin Offerings’ success
title_full_unstemmed ICObench ratings and Initial Coin Offerings’ success
title_sort ICObench ratings and Initial Coin Offerings’ success
author Brochado, A.
author_facet Brochado, A.
Mergulhão, M.
author_role author
author2 Mergulhão, M.
author2_role author
dc.contributor.author.fl_str_mv Brochado, A.
Mergulhão, M.
dc.subject.por.fl_str_mv Financial technology (fintech)
Initial coin offering (ICO)
Rating
Earlystage investment
Signaling theory
topic Financial technology (fintech)
Initial coin offering (ICO)
Rating
Earlystage investment
Signaling theory
description Initial coin offerings (ICOs)–commonly referred to as token sales or token offerings– are assisted by blockchain technology. This financing tool helps entrepreneurs finance early-stage ventures on a decentralized, global scale. Researchers have previously called for more research to be carried out vis-à-vis the role of information intermediaries in the ICO ecosystem. The main goal of this study was to analyze the correlation between ICO ratings and the financing success of ICOs. As a result, secondary microdata on 5,581 ICOs were collected from the ICObench website. The results reveal that ICO ratings issued by third parties have a positive influence on the fundraising campaign of these offerings. ICO ratings thus appear to function as an effective signal to buyers and to reduce information asymmetry between sellers and investors.
publishDate 2022
dc.date.none.fl_str_mv 2022-01-01T00:00:00Z
2022
2023-01-03T09:46:39Z
2023-01-03T09:48:22Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10071/26939
url http://hdl.handle.net/10071/26939
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 2184-898X
10.26619/ERBE-2022.2.1.6
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv CICEE
publisher.none.fl_str_mv CICEE
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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