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Underpricing in the cryptocurrency world: evidence from initial coin offerings
16 references·14 citing·36 second hop
Underpricing in the cryptocurrency world: evidence from initial coin offerings (2019)Underpricing in the cryptocurrency world:…Why Don’t Issuers Get Upset About Leaving Money on the Table in IPOs? (2002)Why Don’t Issuers Get Upset A…The Equity Share in New Issues and Aggregate Stock Returns (2000)The Equity Share in New Issue…The New Issues Puzzle (1995)The New Issues PuzzleInitial public offerings: International insights (1994)Initial public offerings: Int…Sequential Sales, Learning, and Cascades (1992)Sequential Sales, Learning, a…Venture Capitalist Certification in Initial Public Offerings (1991)Venture Capitalist Certificat…Initial Public Offerings and Underwriter Reputation (1990)Initial Public Offerings and …Signalling by underpricing in the IPO market (1989)Signalling by underpricing in…INITIAL PUBLIC OFFERINGS (1988)INITIAL PUBLIC OFFERINGSWhy new issues are underpriced (1986)Why new issues are underpricedInvestment banking, reputation, and the underpricing of initial public offerings (1986)Investment banking, reputatio…Information quality and the valuation of new issues (1986)Information quality and the v…The "Hot Issue" Market of 1980 (1984)The "Hot Issue" Market of 1980Measuring security price performance (1980)Measuring security price perf…Price performance of common stock new issues (1975)Price performance of common s…The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)The Market for "Lemons": Qual…Contagion effects of permissionless, worthless cryptocurrency tokens: Evidence from the collapse of FTX (2024)Contagion effects of permissi…Unpacking the black box of ICO white papers: A topic modeling approach (2022)Unpacking the black box of IC…The New Tokenomics of Crowdfunding (2022)The New Tokenomics of Crowdfu…Initial coin offerings (ICOs) success: Conceptualization, theories and systematic analysis of empirical studies (2022)Initial coin offerings (ICOs)…Determinants of ICO success and post-ICO performance (2022)Determinants of ICO success a…Decentralized platform economy: emerging blockchain-based decentralized platform business models (2022)Decentralized platform econom…Initial coin offerings: an emergent research area (2021)Initial coin offerings: an em…Initial Coin Offering (ICO): a systematic review of the literature (2021)Initial Coin Offering (ICO): …Riding the Wave of Crypto-Exuberance: The Potential Misusage of Corporate Blockchain Announcements (2020)Riding the Wave of Crypto-Exu…Institutions, regulations and initial coin offerings: An international perspective (2020)Institutions, regulations and…Initial Coin offerings: what rights do investors have? (2020)Initial Coin offerings: what …A 2020 perspective on “Information asymmetry in initial coin offerings (ICOs): Investigating the effects of multiple channel signals” (2020)A 2020 perspective on “Inform…Crypto Tokens and Token Offerings: An Introduction (2019)Crypto Tokens and Token Offer…Investor Sentiment and Initial Coin Offerings (2018)Investor Sentiment and Initia…The Role of Market Forces in Assuring Contractual Performance (1981)Underwriter Reputation, Initial Returns, and the Long‐Run Performance of IPO Stocks (1998)A Model of the Demand for Investment Banking Advising and Distribution Services for New Issues (1982)Information and the Cost of Capital (2004)Theory of Rational Option Pricing (1973)INFORMATIONAL ASYMMETRIES, FINANCIAL STRUCTURE, AND FINANCIAL INTERMEDIATION (1977)MEDIA LEGITIMATION EFFECTS IN THE MARKET FOR INITIAL PUBLIC OFFERINGS. (2003)Theory of rational option pricing (2005)Seasoned Offerings, Imitation Costs, and the Underpricing of Initial Public Offerings (1989)Grandstanding in the venture capital industry (1996)Conflict of Interest and the Credibility of Underwriter Analyst Recommendations (1999)An Empirical Evaluation of Accounting Income Numbers (1968)The Adjustment of Stock Prices to New Information (1969)Risk, Return, and Equilibrium: Empirical Tests (1973)Using daily stock returns (1985)Event Studies in Economics and Finance (1997)Introductory Econometrics for Finance (2008)Auditor independence, ‘low balling’, and disclosure regulation (1981)Financial Intermediation, Loanable Funds, and The Real Sector (1997)The economics of small business finance: The roles of private equity and debt markets in the financial growth cycle (1998)Interorganizational Endorsements and the Performance of Entrepreneurial Ventures (1999)The relationship between return and market value of common stocks (1981)The Cross-Section of Expected Stock Returns (1992)Investor Psychology and Security Market Under‐ and Overreactions (1998)Investor Sentiment and the Cross‐Section of Stock Returns (2006)A five-factor asset pricing model (2014)Prospect Theory: An Analysis of Decision under Risk (1979)Toward a positive theory of consumer choice (1980)Prospect theory: An analysis of decision under risk (1988)DotCom Mania: The Rise and Fall of Internet Stock Prices (2003)Prospect theory, mental accounting, and momentum (2005)Why Has IPO Underpricing Changed Over Time? (2002)Why Has IPO Underpricing Changed Over Time (2004)The Evolution of Cooperation (1981)Corporate financing and investment decisions when firms have information that investors do not have (1984)The Resource-Based Theory of Competitive Advantage: Implications for Strategy Formulation (1991)
this work references cited by second hop

References

  • 1970The Market for "Lemons": Quality Uncertainty and the Market Mechanism22,977 cited
  • 1995The New Issues Puzzle3,550 cited
  • 1980Measuring security price performance3,330 cited
  • 1986Why new issues are underpriced2,788 cited
  • 1986Investment banking, reputation, and the underpricing of initial public offerings2,581 cited
  • 1990Initial Public Offerings and Underwriter Reputation2,442 cited
  • 1991Venture Capitalist Certification in Initial Public Offerings2,322 cited
  • 1984The "Hot Issue" Market of 19801,586 cited
  • 1989Signalling by underpricing in the IPO market1,454 cited
  • 2002Why Don’t Issuers Get Upset About Leaving Money on the Table in IPOs?1,384 cited
  • 1975Price performance of common stock new issues1,341 cited
  • 1992Sequential Sales, Learning, and Cascades1,301 cited
  • 1994Initial public offerings: International insights1,256 cited
  • 1988INITIAL PUBLIC OFFERINGS1,183 cited
  • 2000The Equity Share in New Issues and Aggregate Stock Returns1,183 cited
  • 1986Information quality and the valuation of new issues

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1,180 cited

Cited by

  • 2018Investor Sentiment and Initial Coin Offerings80 cited
  • 2020Riding the Wave of Crypto-Exuberance: The Potential Misusage of Corporate Blockchain Announcements57 cited
  • 2022Unpacking the black box of ICO white papers: A topic modeling approach50 cited
  • 2022Decentralized platform economy: emerging blockchain-based decentralized platform business models47 cited
  • 2020Institutions, regulations and initial coin offerings: An international perspective35 cited
  • 2019Crypto Tokens and Token Offerings: An Introduction24 cited
  • 2024Contagion effects of permissionless, worthless cryptocurrency tokens: Evidence from the collapse of FTX24 cited
  • 2020A 2020 perspective on “Information asymmetry in initial coin offerings (ICOs): Investigating the effects of multiple channel signals”20 cited
  • 2022Initial coin offerings (ICOs) success: Conceptualization, theories and systematic analysis of empirical studies19 cited
  • 2020Initial Coin offerings: what rights do investors have?18 cited
  • 2021Initial coin offerings: an emergent research area18 cited
  • 2022Determinants of ICO success and post-ICO performance17 cited
  • 2021Initial Coin Offering (ICO): a systematic review of the literature14 cited
  • 2022The New Tokenomics of Crowdfunding14 cited