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Initial coin offerings and entrepreneurial finance: the role of founders’ characteristics

Research output: Contribution to journalArticle

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Initial coin offerings and entrepreneurial finance: the role of founders’ characteristics. / An, Jiafu; Duan, Tinghua; Hou, Wenxuan; Xu, Xinyu.

In: The Journal of Alternative Investments, Vol. 21, No. 4, 31.03.2019, p. 26-40.

Research output: Contribution to journalArticle

Harvard

An, J, Duan, T, Hou, W & Xu, X 2019, 'Initial coin offerings and entrepreneurial finance: the role of founders’ characteristics', The Journal of Alternative Investments, vol. 21, no. 4, pp. 26-40. https://doi.org/10.3905/jai.2019.1.068

APA

An, J., Duan, T., Hou, W., & Xu, X. (2019). Initial coin offerings and entrepreneurial finance: the role of founders’ characteristics. The Journal of Alternative Investments, 21(4), 26-40. https://doi.org/10.3905/jai.2019.1.068

Vancouver

An J, Duan T, Hou W, Xu X. Initial coin offerings and entrepreneurial finance: the role of founders’ characteristics. The Journal of Alternative Investments. 2019 Mar 31;21(4):26-40. https://doi.org/10.3905/jai.2019.1.068

Author

An, Jiafu ; Duan, Tinghua ; Hou, Wenxuan ; Xu, Xinyu. / Initial coin offerings and entrepreneurial finance: the role of founders’ characteristics. In: The Journal of Alternative Investments. 2019 ; Vol. 21, No. 4. pp. 26-40.

Bibtex

@article{823de8fc1c5d460c95b3404dc63a57eb,
title = "Initial coin offerings and entrepreneurial finance: the role of founders{\textquoteright} characteristics",
abstract = "Initial coin offerings (ICOs) are a new financing instrument that allows start-ups to sell blockchain-based digital tokens for capital on the Internet. This study tests the effects of disclosure of founders{\textquoteright} background information and founding team{\textquoteright}s collective human capital on ICO outcomes. The authors find both the disclosure of founders{\textquoteright} information and founding team{\textquoteright}s human capital are associated with better ICO outcomes measured either by the total amount raised or the speed of fundraising. Their results thus highlight the importance of information disclosure and human capital in entrepreneurial finance.",
author = "Jiafu An and Tinghua Duan and Wenxuan Hou and Xinyu Xu",
year = "2019",
month = mar,
day = "31",
doi = "10.3905/jai.2019.1.068",
language = "English",
volume = "21",
pages = "26--40",
journal = "The Journal of Alternative Investments",
issn = "1520-3255",
publisher = "Institutional Investor, Inc",
number = "4",

}

RIS

TY - JOUR

T1 - Initial coin offerings and entrepreneurial finance: the role of founders’ characteristics

AU - An, Jiafu

AU - Duan, Tinghua

AU - Hou, Wenxuan

AU - Xu, Xinyu

PY - 2019/3/31

Y1 - 2019/3/31

N2 - Initial coin offerings (ICOs) are a new financing instrument that allows start-ups to sell blockchain-based digital tokens for capital on the Internet. This study tests the effects of disclosure of founders’ background information and founding team’s collective human capital on ICO outcomes. The authors find both the disclosure of founders’ information and founding team’s human capital are associated with better ICO outcomes measured either by the total amount raised or the speed of fundraising. Their results thus highlight the importance of information disclosure and human capital in entrepreneurial finance.

AB - Initial coin offerings (ICOs) are a new financing instrument that allows start-ups to sell blockchain-based digital tokens for capital on the Internet. This study tests the effects of disclosure of founders’ background information and founding team’s collective human capital on ICO outcomes. The authors find both the disclosure of founders’ information and founding team’s human capital are associated with better ICO outcomes measured either by the total amount raised or the speed of fundraising. Their results thus highlight the importance of information disclosure and human capital in entrepreneurial finance.

UR - https://www.pm-research.com/publish-your-research

UR - https://www.pm-research.com/permissions-and-reprints

UR - https://era.ed.ac.uk/

U2 - 10.3905/jai.2019.1.068

DO - 10.3905/jai.2019.1.068

M3 - Article

VL - 21

SP - 26

EP - 40

JO - The Journal of Alternative Investments

JF - The Journal of Alternative Investments

SN - 1520-3255

IS - 4

ER -

ID: 18808030