University of Twente Student Theses
How does the financial market expertise of a team, leading an Initial Coin Offering, affect the performance of the ICO?
Krikken, Marnix (2023) How does the financial market expertise of a team, leading an Initial Coin Offering, affect the performance of the ICO?
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| Abstract: | Initial Coin Offerings have emerged as a popular method for fundraising in the blockchain industry, attracting quite some attention from entrepreneurs and investors. This research investigates how the financial market expertise of a team, leading an Initial Coin Offering, affects the performance of the ICO. In this research, a total of 56 ICOs with 350 different persons will be investigated, ranging between 2017 and 2022. Contrary to initial expectations, the results of this study show that there is no significant correlation between the financial market expertise of a team leading an ICO and the performance of the ICO. Despite the original belief that teams with a higher financial market expertise would have a better ICO performance, the findings suggest that other factors, such as reaching the hard cap, using a whitelist registration, and the duration of the ICO might play more significant roles in determining ICO performances. The outcome of this research indicates to potential investors that they do not have to select their ICO investments regarding the financial market expertise of a team. For the team that is planning to make an ICO, this research shows that they do not have to select people with financial market expertise for their team; there is no correlation between the financial market expertise in the team and the ICO performance. |
| Item Type: | Essay (Bachelor) |
| Faculty: | BMS: Behavioural, Management and Social Sciences |
| Subject: | 83 economics, 85 business administration, organizational science |
| Programme: | International Business Administration BSc (50952) |
| Link to this item: | https://purl.utwente.nl/essays/95280 |
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