https://scholars.lib.ntu.edu.tw/handle/123456789/608033
標題: | Different is better: how unique initial coin offering language in white papers enhances success | 作者: | Yen J.-C Wang T YU-HUNG CHEN |
關鍵字: | Cryptocurrency;ICO;ICO white paper;Initial coin offering;Textual analysis | 公開日期: | 2021 | 卷: | 61 | 期: | 4 | 起(迄)頁: | 5309-5340 | 來源出版物: | Accounting and Finance | 摘要: | This study examines whether the unique and common content of initial coin offering (ICO) white papers is related to ICO fund raising and post-ICO trading activities. Based on the signalling theory, we expect that high-quality ICOs can provide more unique content in their white papers to distinguish themselves from low-quality ICOs because it may be costly for low-quality ICOs to provide unique and specific information. Our results show that ICOs that have more unique or less common content in their white papers raise more funds or are subject to more active trading and higher market values in the post-ICO period. ? 2021 Accounting and Finance Association of Australia and New Zealand. |
URI: | https://www.scopus.com/inward/record.uri?eid=2-s2.0-85101231617&doi=10.1111%2facfi.12760&partnerID=40&md5=bdfc6211cc6ce3e73a461875d699f568 https://scholars.lib.ntu.edu.tw/handle/123456789/608033 |
ISSN: | 08105391 | DOI: | 10.1111/acfi.12760 |
顯示於: | 國際企業學系 |
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