Comparing the Performance of Initial Coin Offerings to Crowdfunded Equity Ventures - CORE Reader
core.ac.uk
Scholars have criticized initial coin offerings (ICOs) as inherently inefficient bubbles and have warned investors away from them(Quiggin, 2013) yet others have argued that ICO markets can exhibit efficiency and do perform critical functions where traditional capital markets tend to fail (Littlewood
1 Users
0 Comments
13 Highlights
0 Notes
Top Highlights
- Scholars have criticized initial coin offerings (ICOs) as inherently inefficient bubbles and have warned investors away from them(Quiggin, 2013)
- yet others have argued that ICO markets can exhibit efficiency and do perform critical functions where traditional capital markets tend to fail (Littlewood, 2018)
- Crowdfunded equity markets share many central features of ICOs, including a reliance on crowd funding techniques and support from nonaccredited investors
- A study assessing ICO market efficiency compared to crowdfunded equity market efficiency was needed to reduce uncertainty in ICO markets by informing investors of the dynamics in markets, thus reducingturmoil within them and improving capital allocation
- Researchers have also found similar outcomes regarding the effect of uncertainty on ICOs and other emerging capitalmarket type
Domain
Ready to highlight and find good content?
Glasp is a social web highlighter that people can highlight and organize quotes and thoughts from the web, and access other like-minded people’s learning.