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Are Tokens Securities? An Anatomy of Initial Coin Offerings

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References

1977Informational Asymmetries, Financial Structure, and Financial Intermediation3,772 cited
1985Dividend Policy under Asymmetric Information3,459 cited
1972The Market for Securities: Substitution Versus Price Pressure and the Effects of Information on Share Prices886 cited

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2021Which investors’ characteristics are beneficial for initial coin offerings? Evidence from blockchain technology-based firms16 cited
2023Signalling effects of doing good in global ICO markets14 cited

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