TY - JOUR
T1 - A comprehensive review of the global development of initial coin offerings (ICOs) and their regulation
AU - Bellavitis, Cristiano
AU - Fisch, Christian
AU - Wiklund, Johan
N1 - Publisher Copyright:
© 2020 Elsevier Inc.
PY - 2021/6
Y1 - 2021/6
N2 - Initial coin offerings (ICOs) represent an innovative and new funding mechanism for new technology ventures. In our comprehensive review of the industry's evolution, we show that despite its short history, there have been dramatic changes and shifts in the number of ICOs, the amount of money raised, the geographic distribution of ICOs, and their regulation. This dynamism calls into question current research practices and findings. We propose that scholars sort out and differentiate supply of vs. demand for ICO funding, taking geography and regulation into account with a global perspective.
AB - Initial coin offerings (ICOs) represent an innovative and new funding mechanism for new technology ventures. In our comprehensive review of the industry's evolution, we show that despite its short history, there have been dramatic changes and shifts in the number of ICOs, the amount of money raised, the geographic distribution of ICOs, and their regulation. This dynamism calls into question current research practices and findings. We propose that scholars sort out and differentiate supply of vs. demand for ICO funding, taking geography and regulation into account with a global perspective.
KW - Blockchain
KW - Cryptocurrency
KW - Digital finance
KW - Entrepreneurial finance
KW - FinTech
KW - Initial coin offerings (ICO)
KW - Regulation
KW - Token sale
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U2 - 10.1016/j.jbvi.2020.e00213
DO - 10.1016/j.jbvi.2020.e00213
M3 - Article
AN - SCOPUS:85096860576
SN - 2352-6734
VL - 15
JO - Journal of Business Venturing Insights
JF - Journal of Business Venturing Insights
M1 - e00213
ER -