Purpose - The current scenario shows increased adoption of off-chain voting applications in decentralized autonomous organizations (DAOs) to avoid complexity and costs for user engagement in their governance. This paper aims to comprehend the trends and patterns within the DAO community with...

Objective: The article aims to investigate how entrepreneurial behaviour among members of decentralized autonomous organizations (DAO) changes over time. Decentralized autonomous organizations allow for the creation of distributed organizations driven by organizational entrepreneurship, many of...

Blockchain and its related concept of decentral autonomous organization (DAO) is starting to influence project management. But how might project management supported by blockchain technology look like? And how would such a new form change and affect traditional project management? Not many...

Blockchain technology has facilitated the emergence of a new type of organizational form, Decentralized Autonomous Organizations (DAOs). In contrast to corporations and other types of business organizations, DAOs do not have managers or directors with formal decision rights. Instead, the members...

The advent of blockchain, smart contracts, and Web3 has empowered new concepts for equity partnerships with autonomous operating systems and democratic corporate governance. This paper explores 2,377 of such new partnerships and uses detailed transaction data (from 2017 through 2022) to examine...

Several states have enacted specialized limited liability company (LLC) legislation in an attempt to attract decentralized autonomous organizations (DAOs). In this way, the regulatory competition debate surrounding states such as Wyoming, Tennessee, and Vermont, attempting to dethrone Delaware,...

Decentralization holds a significant role in the context of decentralized autonomous organizations (DAOs), with its nature being not a fixed value but a comparative spectrum. Prior research investigating the measurement of decentralization in nations' governance system provides a foundation for...

In a model with two regions, one rich and one poor, the allocation of net public spending is studied whereby the initial political process by which taxation and government expenditures are determined is centralized and not democratic. In stable autocracy, decentralization reforms depend on a...

By sharing production resources, integrated firms have higher returns on investment for intangible knowledge-based assets in comparison to stand-alone firms (Markusen 1995). Building on a single-leader-multi-follower game, this paper considers business groups, where a parent firm (the leader)...

We examine the question of whether it is possible to create a decentralized and capital-efficient stablecoin using smart contracts that algorithmically trade to maintain stability. We explore what new functionality decentralized stablecoins offer and address several outstanding conjectures in...

For the past twenty years, the use of the Internet has facilitated international commercial relations between people who do not know each other and who are geographically distant. Disputes resulting from e-commerce have undermined the supremacy of state courts, which have proved unable to...

We investigate blockchain technology and its principal applications, through the lens of Spinozism. Predicted to become a disruptive technology that would transform economic structures, blockchain technology has not yet lived up to its societal expectations. Its philosophical dimension remains...

Charitable giving in legacy systems is subject to several major downsides that can be addressed with decentralized autonomous organizations (DAOs). Centralized legacy charitable organizations often lack foundational transparency and are subject to significant power imbalances that favor the...

Decentralized Autonomous Organization (DAO) provides a decentralized governance solution through blockchain, where decision-making process relies on on-chain voting and follows majority rule. This paper focuses on the most influential DAO, namely MakerDAO, and we find voters fall into different...

Introduction: Blockchain, Decentralized Finance and Entrepreneurship 9 -- DeFi and Investing in Entrepreneurial Ventures -- Extreme Return Connectedness Between DeFi Tokens and Traditional Financial Markets: An Entrepreneurial Perspective -- A Framework for Implementation of Decentralized...

Der verbraucherzentrierte Strommarkt ist das neue Paradigma in der Strommarktregulierung. Kleine Akteure wie Prosumenten und Energiegemeinschaften werden wichtig und zwingen dazu, die aktuellen Vermarktungswege für Strom auf den Prüfstand zu stellen. Diese Arbeit widmet sich innovativen...

We propose a mechanism for the incentivization of workers in decentralized autonomous organizations instantiated on the blockchain. Our approach relies on staking, a digital form of collateralization that requires network participants to acquire cryptographic tokens and deposit them in a smart...

A firm's productivity depends on how production is organized given the level of demand for its product. To capture this mechanism, we develop a theory of an economy where firms with heterogeneous demands use labor and knowledge to produce. Entrepreneurs decide the number of layers of management...

We develop a model of hierarchies based on the allocation of authority. A firm's owners have ultimate authority over a firm's decisions, but they have limited time or capacity to exercise this authority. Hence owners must delegate authority to subordinates. However, these subordinates also have...

Die Distributed Ledger- bzw. Blockchain-Technologie führt zu einer zunehmenden Dezentralisierung von Finanzdienstleistungen ("Decentralised Finance"), die weitgehend ohne die Einschaltung von Finanzintermediären angeboten werden können. Dazu trägt wesentlich die sog. "Tokenisierung" von...

A DAO is a blockchain-based system that enables people to coordinate and govern themselves mediated by a set of self-executing rules deployed on a public blockchain, and whose governance is decentralised (i.e., independent from central control).

The present paper aims to contribute to the literature on the foundations of incomplete contracts by providing conditions under which simple delegation of authority is the solution to the complete-contracting problem of the parties. We consider a hold-up framework where both parties profit from...

Merged firms are typically rather complex organisations. Accordingly, merger has a more profound effect on the structure of a market than simply reducing the number of competitors. We show that this may render horizontal mergers profitable and welfare-improving even if costs are linear. The...

Blockchain-based “Decentralized Autonomous Organizations” (DAOs) communities risk perpetuating the 1990s Californian Ideology of techno-elitism in their imaginary of “autonomy” via technological determinism, free-market economics, and “engineering” approach to social and political...

Chapter 2 highlights the transition from Web 2.0 companies, such as Google, Facebook, and Uber, among many others, which have disrupted much of the economy, to more decentralized solutions. Consumers around the globe are becoming increasingly accustomed to the advantages of decentralized...

All three chapters of this dissertation study different aspects of internal organization, and two of the chapters go a step further to understand how decisions within the firm impact markets outside the firm.The first chapter of this dissertation studies empirically how worker task assignments...