ICObench ratings and initial coin offerings’ success.

Detalhes bibliográficos
Autor(a) principal: Brochado, Ana
Data de Publicação: 2022
Outros Autores: Mergulhão, Mariana
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/11144/5686
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’ success.Financial technology (fintech)initial coin offering (ICO)rating,earlystage 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.CICEE. Universidade Autónoma de Lisboa2022-11-21T12:16:04Z2022-06-01T00:00:00Z2022-06info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/11144/5686eng2184-898Xhttps://doi.org/10.26619/ERBE-2022.2.1.6Brochado, AnaMergulhão, Marianainfo: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:RCAAP2024-01-11T02:27:37Zoai:repositorio.ual.pt:11144/5686Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T01:35:39.192542Repositório 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, Ana
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, Ana
author_facet Brochado, Ana
Mergulhão, Mariana
author_role author
author2 Mergulhão, Mariana
author2_role author
dc.contributor.author.fl_str_mv Brochado, Ana
Mergulhão, Mariana
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 2022-11-21T12:16:04Z
2022-06-01T00:00:00Z
2022-06
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/11144/5686
url http://hdl.handle.net/11144/5686
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 2184-898X
https://doi.org/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. Universidade Autónoma de Lisboa
publisher.none.fl_str_mv CICEE. Universidade Autónoma de Lisboa
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
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