Abstract
Since the advent of Bitcoin in 2008, blockchain start-ups have proposed a variety ideas for complementing, substituting, and utilizing the blockchain technology. They adopt a new funding method called an initial coin offering (ICO) that employs the blockchain technology to raise funds directly from the public and, in exchange, to give investors digital coins that have value. Despite the fact that a relatively long time has passed since the first ICO in 2013, research on factors influencing ICO fundraising success has rarely been studied in an academic setting. Hence, this study attempts to (1) identify the major influencing factors on the successful ICO fundraising of blockchain start-ups based on prior literature on signaling theory and the qualitative study, (2) classify these factors into public offering and blockchain characteristics, and (3) examine their impact on the ICO fundraised. The results of this study would provide insights to both practitioners and scholars.
| Original language | English |
|---|---|
| Title of host publication | International Conference on Information Systems 2018, ICIS 2018 |
| Publisher | Association for Information Systems |
| ISBN (Electronic) | 9780996683173 |
| Publication status | Published - 2018 |
| Event | 39th International Conference on Information Systems, ICIS 2018 - San Francisco, United States Duration: 13 Dec 2018 → 16 Dec 2018 |
Publication series
| Name | International Conference on Information Systems 2018, ICIS 2018 |
|---|
Conference
| Conference | 39th International Conference on Information Systems, ICIS 2018 |
|---|---|
| Country/Territory | United States |
| City | San Francisco |
| Period | 13/12/18 → 16/12/18 |
Bibliographical note
Publisher Copyright:© International Conference on Information Systems 2018, ICIS 2018.All rights reserved.
Keywords
- Blockchain characteristics
- Blockchain start-up
- Fundraising
- Initial coin offering
- Mixed methods
- Public offering characteristics
- Signaling theory