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The flipside of the coin - an investor-level investigation of blockchain-based fundraising (Initial Coin Offerings)
Citation Link: https://doi.org/10.15480/882.3839
Publikationstyp
Doctoral Thesis
Date Issued
2021
Sprache
English
Author(s)
Advisor
Referee
Title Granting Institution
Technische Universität Hamburg
Place of Title Granting Institution
Hamburg
Examination Date
2021-10-12
Institut
TORE-DOI
Citation
Technische Universität Hamburg (2021)
ICOs are a recent innovation in early-venture financing, in which ventures raise capital by collecting small capital contributions from many investors. This dissertation is devoted to ICO investors, aiming to understand how they behave in such a novel investment environment, characterized by buzz and high uncertainty. I investigate the behavior-based composition of ICO crowds, study how heterogeneity of individual investors affects crowd dynamics and analyze whether crowds channel capital to high performing ventures.
DDC Class
330: Wirtschaft
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2021_Carolin Brueckmann_Dissertation_The flipside of the coin.pdf
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1.45 MB
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Adobe PDF