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Success Factors of Initial Coin Offering (ICO) projects

Author

Listed:
  • José Campino

    (ISCTE - Instituto Universitário de Lisboa)

  • Ana Brochado

    (ISCTE - Instituto Universitário de Lisboa, DINÂMIA''CET)

  • Ã lvaro Rosa

    (ISCTE - Instituto Universitário de Lisboa)

Abstract

The Initial Coin Offerings (ICOs) concept has been an emerging topic in the literature as well as their success factors. We will build up on the current literature and explore several success factors divided into categories, namely, project, campaign, social network and team's characteristics. The preliminary econometric model developed was built on data from a database composed of 428 ICO projects in the banking/financial sector which allowed us to collect a diverse range of independent variables identified recurring to the existent literature. After proceeding to a literature review, we will analyze the results of the econometric model allowing us to identify the relevant variables and their impact on project's success.

Suggested Citation

  • José Campino & Ana Brochado & à lvaro Rosa, 2021. "Success Factors of Initial Coin Offering (ICO) projects," Economics Bulletin, AccessEcon, vol. 41(2), pages 252-262.
    • Handle: RePEc:ebl:ecbull:eb-20-00844
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    File URL: http://www.accessecon.com/Pubs/EB/2021/Volume41/EB-21-V41-I2-P23.pdf
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    References listed on IDEAS

    as
    1. Joern H. Block & Alexander Groh & Lars Hornuf & Tom Vanacker & Silvio Vismara, 0. "The entrepreneurial finance markets of the future: a comparison of crowdfunding and initial coin offerings," Small Business Economics, Springer, vol. 0, pages 1-18.
    2. Davies, William E. & Giovannetti, Emanuele, 2018. "Signalling experience & reciprocity to temper asymmetric information in crowdfunding evidence from 10,000 projects," Technological Forecasting and Social Change, Elsevier, vol. 133(C), pages 118-131.
    3. Alexandra Moritz & Joern H. Block & Stephan Golla & Arndt Werner (ed.), 2020. "Contemporary Developments in Entrepreneurial Finance," FGF Studies in Small Business and Entrepreneurship, Springer, number 978-3-030-17612-9, September.
    4. Erik Ackermann & Carolin Bock & Robin Bürger, 2020. "Democratising Entrepreneurial Finance: The Impact of Crowdfunding and Initial Coin Offerings (ICOs)," FGF Studies in Small Business and Entrepreneurship, in: Alexandra Moritz & Joern H. Block & Stephan Golla & Arndt Werner (ed.), Contemporary Developments in Entrepreneurial Finance, pages 277-308, Springer.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Ploypailin Kijkasiwat & Hamza Almustafa & Pongsutti Phuensane, 2023. "Initial coin offerings for business: a systematic literature review and bibliometric analysis," SN Business & Economics, Springer, vol. 3(1), pages 1-31, January.
    2. Chitsazan, Hasti & Bagheri, Afsaneh & Tajeddin, Mahdi, 2022. "Initial coin offerings (ICOs) success: Conceptualization, theories and systematic analysis of empirical studies," Technological Forecasting and Social Change, Elsevier, vol. 180(C).

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    More about this item

    Keywords

    Initial Coin Offering (ICO); cryptocurrency; success factors; blockchain; baking; financial services; fintech; innovation;
    All these keywords.

    JEL classification:

    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration

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