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...

Decentralized Autonomous Organizations ("DAOs'') are crypto-native organizations run without centralized management. Instead, managerial and financial decisions are made by token holders via a decentralized voting process. Taking advantage of the transparency of blockchains, we gather data on...