Master Thesis Online
The determents of the failure of Icos
Koch, Luis 
Promotor(s) :
Torsin, Wouter
Date of defense : 5-Sep-2022/10-Sep-2022 • Permalink : http://hdl.handle.net/2268.2/15679
Details
| Title : | The determents of the failure of Icos |
| Translated title : | [fr] LES DÉTERMINATIONS DE L'ÉCHEC DES ICO |
| Author : | Koch, Luis
|
| Date of defense : | 5-Sep-2022/10-Sep-2022 |
| Advisor(s) : | Torsin, Wouter
|
| Committee's member(s) : | Hachmeister, Dirk |
| Language : | English |
| Number of pages : | 49 |
| Keywords : | [en] ICO [en] Initial Coin Offering [en] Corporate Financing [en] Crypto [en] Signaling Theory |
| Discipline(s) : | Business & economic sciences > Accounting & auditing |
| Target public : | Researchers Professionals of domain Student Other |
| Institution(s) : | Université de Liège, Liège, Belgique |
| Degree: | Master en sciences de gestion, à finalité spécialisée en Financial Analysis and Audit |
| Faculty: | Master thesis of the HEC-Ecole de gestion de l'Université de Liège |
Abstract
[en] The objective of this thesis is to identify the determinants of the failure of Initial Coin Offerings (ICOs). ICOs are a new, innovative form of corporate financing: The company sells digital tokens to investors, who can then participate in the company's future development. Intermediaries like banks are no longer required. ICOs have been enjoying a lot of popularity lately. However, the market suffers from high uncertainty and asymmetric information. Therefore, further research is needed. Some studies have already analyzed the determinants of the success (esp. the amount raised) of ICOs. This thesis instead, aims to identify the determinants of failure. These are to be determined with multivariate data analysis. It is suggested to indicate the dependent variable of the failure of an ICO by the listing and/or the trading activity of its token on a secondary exchange.
File(s)
Document(s)
THE DETERMENTS OF THE FAILURE OF ICOS.pdf
Description: Version for August 16th, 2022
Size: 1.72 MB
Format: Adobe PDF
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