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Blockchain-based ICOs : pure hype or the dawn of a new era of startup financing?

Ante, Lennart; Sandner, Philipp; Fiedler, Ingo - In: Journal of risk and financial management : JRFM 11 (2018) 4, pp. 1-19

that finished their ICOs by August 2017 to assess determinants of funding success that we derive from the crowdfunding and … venture capital literature. Our results show that ICOs exhibit similarities to classical crowdfunding and venture capital …

Persistent link: https://www.econbiz.de/10011960552

The crowdfunding of altruism

Faust, Luisa; Kolbe, Maura; Mansouri, Sasan; Momtaz, Paul P. - In: Journal of risk and financial management : JRFM 15 (2022) 3, pp. 1-29

? Specifically, we examine the effects of altruism on crowdfunding outcomes in Initial Coin Offerings (ICOs). The main result …

Persistent link: https://www.econbiz.de/10013165089

Theories of crowdfunding and token issues : a review

Miglo, Anton - In: Journal of risk and financial management : JRFM 15 (2022) 5, pp. 1-28

crowdfunding and token issues. In contrast to traditional ways of raising funds these innovations: (1) use modern technology … the 21st century. This article provides a review of the growing number of theoretical papers in the areas of crowdfunding …

Persistent link: https://www.econbiz.de/10013273474

Barriers to financial innovation : corporate finance perspective

Błach, Joanna - In: Journal of risk and financial management : JRFM 13 (2020) 11/273, pp. 1-23

This paper addresses the application of financial innovations from the corporate finance perspective. The objective is to identify and prioritize the main types of barriers to the implementation of financial innovations by nonfinancial firms. The motivation behind the study lies in the...

Persistent link: https://www.econbiz.de/10012389805

Corporate bond market in Poland : prospects for development

Kubiczek, Jakub - In: Journal of risk and financial management : JRFM 13 (2020) 12/306, pp. 1-13

The Polish corporate bond market does not have a history as long as the American one, however, it is characterized by stable annual growth. The growth of the market is related to the growth of its liquidity and is determined by a number of entities, both on the demand and the supply side. The...

Persistent link: https://www.econbiz.de/10012392469

Hedging policies to reduce agency costs in Brazil

Magnani, Vinícius Medeiros; Ambrozini, Marcelo Augusto; … - In: Journal of risk and financial management : JRFM 15 (2022) 8, pp. 1-15

Given the recent Brazilian economic scenario, characterized by political uncertainties and economic instabilities, it is essential for companies to engage in hedging as part of their financial policy in order to prevent their results from being affected by market frictions. In this context, the...

Persistent link: https://www.econbiz.de/10013382143

"Empirical corporate finance : opportunities and challenges" : editorial synthesis of the special issue

Sinnadurai, Philip - In: Journal of risk and financial management : JRFM 15 (2022) 9, pp. 1-8

This concept paper synthesises the special issue with an integrated discussion of all four papers published therein, from the viewpoint of the theme of this special issue: opportunities and challenges for future empirical research in corporate finance. The four papers highlight that future...

Persistent link: https://www.econbiz.de/10013397665

Optimal cash holding ratio for non-financial firms in Vietnam stock exchange market

Cuong Nguyen Thanh - In: Journal of risk and financial management : JRFM 12 (2019) 2/104, pp. 1-18

The purpose of this research is to investigate whether there is an optimal cash holding ratio, in which firm's performance can be maximized. The threshold regression model is applied to test the threshold effect of the cash holding ratio on firm's performance of 306 non-financial companies...

Persistent link: https://www.econbiz.de/10012021946

Credit scoring in SME asset-backed securities : an Italian case study

Bedin, Andrea; Billio, Monica; Costola, Michele; … - In: Journal of risk and financial management : JRFM 12 (2019) 2/89, pp. 1-28

We investigate the default probability, recovery rates and loss distribution of a portfolio of securitised loans granted to Italian small and medium enterprises (SMEs). To this end, we use loan level data information provided by the European DataWarehouse platform and employ a logistic...

Persistent link: https://www.econbiz.de/10012022072

The effects of the financing facilitation act after the global financial crisis : has the easing of repayment conditions revived underperforming firms?

Yamori, Nobuyoshi - In: Journal of risk and financial management : JRFM 12 (2019) 2/63, pp. 1-17

After the global financial crisis, the Japanese government enacted the Financing Facilitation Act in 2009 to help small and medium-sized enterprises (SMEs) that had fallen into unprofitable conditions. Under this law, when troubled debtors asked financial institutions to ease repayment...

Persistent link: https://www.econbiz.de/10012022197