Climate change exists and poses a great threat to all living beings on our planet. Any further delay in global action on mitigation will make it more difficult to secure a liveable and sustainable future for all. In this exploratory study, an inductive approach based on qualitative evidence from...

Climate change exists and poses a great threat to all living beings on our planet. Any further delay in global action on mitigation will make it more difficult to secure a liveable and sustainable future for all. In this exploratory study, an inductive approach based on qualitative evidence from...

Security token offerings (STOs) are a new means for ventures to raise funding, where digital tokens are issued as regulated investment products on the blockchain. We study market outcomes in the primary and secondary markets for security tokens and examine the associated determinants in the...

Blockchain-based tokens seek to overcome the friction and opaqueness of the legacy financial infrastructure in the company funding process, particularly in the early-stage and equity crowdfunding domain. While Initial Coin Offerings and Security Token Offerings proposed a solution for...

Abstract Blockchain-based tokens seek to overcome the friction and opaqueness of the legacy financial infrastructure in the company funding process, particularly in the early-stage and equity crowdfunding domain. While Initial Coin Offerings and Security Token Offerings proposed a solution for...

This paper considers a financing problem for an innovative firm that is launching a web-based platform. The entrepreneur, on one hand, faces a large degree of demand uncertainty on his product and on the other hand has to deal with incentive problems of professional blockchain participants who...

This paper considers a financing problem for an innovative firm that is launching a web-based platform. The entrepreneur, on one hand, faces a large degree of demand uncertainty on his product and on the other hand has to deal with incentive problems of professional blockchain participants who...