When is blockchain worth it? Value and risk drivers of corporate blockchain announcements
Timo Rogalski,
Dirk Schiereck
Abstract:In the era of emerging technologies, many firms explore the role of blockchain technology and its impact on corporate market value. Past research has shown that companies benefit from executing blockchain projects, but little is known about specific value and risk drivers. Hence, we provide evidence for several conditions under which blockchain provides additional firm market value. Moreover, we test whether blockchain announcements lead to changes in the systematic risk of firms. Theoretically founded on the … Show more
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