ICO Market Report 2019/2020 – Performance Analysis of 2019's Initial Coin Offerings

Haffke, Lars; Fromberger, Mathias

doi:10.2139/ssrn.3770793

Cited by 4 publications

(3 citation statements)

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“…The growth of these alternative financial channels has been made possible by the introduction and diffusion of digital platforms that have dematerialized and streamlined the process of distributing information, accessing investors, transferring securities, and making payments. The spectacular rise (and partial decline) of ICOs, whose global volume (reflected in ICO proceeds) increased form $7 billion in 2017 up to $20 billion in 2018 (PWC, 2020), and then down to $3 billion in 2019 (Haffke & Fromberger, 2020), has clearly indicated the possibility of a complete digitization of the process of not only funding but also developing a company in a decentralized setting. With an ICO, entrepreneurs have been able to overcome these boundaries cutting out intermediaries and regulators alike and directly catering to individual investors.…”

Section: New Channels For Entrepreneurial Financementioning

confidence: 99%

Digitization in the Market for Entrepreneurial Finance: Innovative Business Models and New Financing Channels

Bertoni

Bonini

Capizzi

et al. 2021

Entrepreneurship Theory and Practice

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Digitization creates new financial channels that complement traditional intermediaries, but may raise concerns over fraud, cybersecurity, or bubbles. Artificial intelligence and machine learning change the way in which traditional investors work. This special issue focuses on economic, cultural, and regulatory determinants of fintech development, and on the new forms of information production and processing engendered by digital entrepreneurial finance. We provide a general overview of digitization in the market for entrepreneurial finance, illustrate how the different articles in the special issue contribute to advance our knowledge, and identify promising avenues for research.

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Section: New Channels For Entrepreneurial Financementioning

confidence: 99%

Digitization in the Market for Entrepreneurial Finance: Innovative Business Models and New Financing Channels

Bertoni

Bonini

Capizzi

et al. 2021

Entrepreneurship Theory and Practice

View full text Add to dashboard Cite

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“…In 2017, US$ 5.2 billion were collected by ICOs (Ibba et al, 2018 ), wherein 1,387 ICOs were issued (Fenu et al, 2018 ). In addition to all this, it was noticed that more than 65% of ICOs have dropped their values (Haffke and Fromberger, 2020 ). Therefore, the innovation and the credibility of a project proposed by a company, for which funds are raised, are the reasons behind ICOs' success (Ibba et al, 2018 ).…”

Section: Introductionmentioning

confidence: 99%

Factors Influencing the Behavioural Intention to Use Cryptocurrency in Emerging Economies During the COVID-19 Pandemic: Based on Technology Acceptance Model 3, Perceived Risk, and Financial Literacy

et al. 2022

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Cryptocurrency could redefine the interplay of Internet-connected world markets by eliminating constraints set by traditional local currencies and exchange rates. It has the potential to revolutionise digital markets through the use of duty-free trading. This study investigates the factors which influence the behavioural intention to use cryptocurrency based on the Technology Acceptance Model 3 (TAM 3) during the COVID-19 (SARS-COV-2) pandemic. Data were collected through a cross-sectional questionnaire from 357 Pakistani business-educated adults, including investors who had a rudimentary understanding of the technology and financial instruments. Partial least square (PLS)-based structural equation modeling (SEM) was used to test the developed theoretical framework based on the Technology acceptance model 3. The PLS model has explained 72.1% of what constitutes the behavioural intention to use cryptocurrency. Surprisingly, risk was not a major consideration. This might be due to the fact that the majority of respondents thought working with cryptocurrency was hazardous. Willingness to handle cryptocurrency risk, on the other hand, might be a stumbling block to acceptance. The most essential aspect of a cryptocurrency's success was the perceived usefulness. Moreover, the moderating role of experience was not substantiated in this study. However, perceived usefulness was identified as a partial mediator of subjective norm and the perceived ease to use. This study contributed to the literature through the application of TAM 3 (an extension of the technology acceptance models) to investigate the fundamental qualities a cryptocurrency should have in order to influence investor's behavioural intention to use it. These findings provide revolutionary insights for the present and future market players for investment planning and for improved cryptocurrencies development.

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“…The growth of these alternative financial channels has been made possible by the introduction and diffusion of digital platforms that have dematerialized and streamlined the process of distributing information, accessing investors, transferring securities and making payments. The spectacular rise (and partial decline) of ICOs, whose global volume (reflected in ICO proceeds) increased form $7 billion in the 2017 up to $20 billion in 2018 (PWC, 2020), and then down to $3 billion in 2019 (Haffke and Fromberger, 2020) has clearly indicated the possibility of a complete digitization of the process of not only funding but also of developing a company in a decentralized setting. With an ICO, entrepreneurs have been able to overcome these boundaries cutting out intermediaries and regulators alike and directly catering to individual investors.…”

Section: New Channels For Entrepreneurial Financementioning

confidence: 99%

Digitization in the Market for Entrepreneurial Finance: Innovative Business Models and New Financing Channels

et al. 2021

View full text Add to dashboard Cite

ICO Market Report 2019/2020 – Performance Analysis of 2019's Initial Coin Offerings

Cited by 4 publications

References 0 publications

Digitization in the Market for Entrepreneurial Finance: Innovative Business Models and New Financing Channels

Digitization in the Market for Entrepreneurial Finance: Innovative Business Models and New Financing Channels

Factors Influencing the Behavioural Intention to Use Cryptocurrency in Emerging Economies During the COVID-19 Pandemic: Based on Technology Acceptance Model 3, Perceived Risk, and Financial Literacy

Digitization in the Market for Entrepreneurial Finance: Innovative Business Models and New Financing Channels

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