Wealth effects of firm's strategic technology investments: evidence from Ethereum blockchain
Kane Smith,
Manu Gupta,
Puneet Prakash
et al.
Abstract:PurposeEthereum-based blockchain technology (EBT) affords members of the Enterprise Ethereum Alliance (EEA) a market advantage in deploying blockchain within their organizations, including cybersecurity and operational benefits, that leads firms to strategically invest in this nascent technology. However, the impact of such strategic investments in EBT has yet to be explored in the context of its relationship to firm value. Therefore, this study explores EBT-specific firm-level characteristics that result in a… Show more
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