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The blockchain, plums, and lemons : information asymmetries & transparency in decentralized markets
Notheisen, Benedikt; Weinhardt, Christof - 2019
information, this study analyzes the effect of the blockchain's public transparency paradigm on behavioral patterns and market …Despite a growing interest, researchers and practitioners still struggle to transfer the blockchain concept introduced … outcomes. In line with prior research, our findings indicate that the blockchain's shared record mitigates adverse selection …
Persistent link: https://www.econbiz.de/10011979156
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The Blockchain, Plums, and Lemons - Information Asymmetries & Transparency in Decentralized Markets
Notheisen, Benedikt - 2019
information, this study analyzes the effect of the blockchain's public transparency paradigm on behavioral patterns and market …Despite a growing interest, researchers and practitioners still struggle to transfer the blockchain concept introduced … outcomes. In line with prior research, our findings indicate that the blockchain's shared record mitigates adverse selection …
Persistent link: https://www.econbiz.de/10012898959
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STO vs. ICO : a theory of token issues under moral hazard and demand uncertainty
Miglo, Anton - In: Journal of risk and financial management : JRFM 14 (2021) 6, pp. 1-35
incentive problems of professional blockchain participants who contribute to the development and sales of the product. We argue …
Persistent link: https://www.econbiz.de/10012587665
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Sustainable finance and fintech: can technology contribute to achieving environmental goals? : a preliminary assessment of "Green Fintech"
Macchiavello, Eugenia; Siri, Michele - 2020
The Fintech Action Plan (see now also Digital Finance Strategy) and the Sustainable Finance Strategy both represent …, while they present certain common features and great potential when combined. In particular, Fintech appears able to respond … more on technology and sustainability. However, Fintech still raises per se relevant legal issues that need to be addressed …
Persistent link: https://www.econbiz.de/10012436927
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Quality of institutions, credit markets and bankruptcy
Hainz, Christa - 2004 - August, 2004 - draft
The number of firm bankruptcies is surprisingly low in economies with poor institutions. We study a model of bank-firm relationship and show that the bank's decision to liquidate bad firms has two opposing effects. First, the bank gets a payoff if a firm is liquidated. Second, it loses the rent...
Persistent link: https://www.econbiz.de/10010440454
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STO vs. ICO: A theory of token issues under moral hazard and demand uncertainty
Miglo, Anton - In: Journal of Risk and Financial Management 14 (2021) 6, pp. 1-35
incentive problems of professional blockchain participants who contribute to the development and sales of the product. We argue …
Persistent link: https://www.econbiz.de/10012611789
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Quality of Institutions, Credit Markets and Bankruptcy
Hainz, Christa - 2005
The number of firm bankruptcies is surprisingly low in economies with poor institutions. We study a model of bank-firm relationship and show that the bank?s decision to liquidate bad firms has two opposing effects. First, the bank receives a payoff if a firm is liquidated. Second, it loses the...
Persistent link: https://www.econbiz.de/10010295971
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Quality of Institutions, Credit Markets and Bankruptcy
Hainz, Christa - 2004
The number of firm bankruptcies is surprisingly low in economies with poor institutions. We study a model of bank-firm relationship and show that the bank's decision to liquidate bad firms has two opposing effects. First, the bank gets a payoff if a firm is liquidated. Second, it loses the rent...
Persistent link: https://www.econbiz.de/10010427399
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Quality of institutions, credit markets and bankruptcy
Hainz, Christa - 2004
The number of firm bankruptcies is surprisingly low in economies with poor institutions. We study a model of bank-firm relationship and show that the bank's decision to liquidate bad firms has two opposing effects. First, the bank receives a payoff if a firm is liquidated. Second, it loses the...
Persistent link: https://www.econbiz.de/10010261107
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Quality of Institutions, Credit Markets and Bankruptcy
Hainz, Christa - Verein für Socialpolitik, Ausschuss für … - 2005
The number of firm bankruptcies is surprisingly low in economies with poor institutions. We study a model of bank-firm relationship and show that the bank?s decision to liquidate bad firms has two opposing effects. First, the bank receives a payoff if a firm is liquidated. Second, it loses the...
Persistent link: https://www.econbiz.de/10005082723