Decentralized finance is financial services offered on a public blockchain over the internet.
This paper reviews the decentralized finance (DeFi) research and development around the …

Blockchain technology and smart contracts are catalysts for decentralization and
disintermediation. These new technologies reduce transaction costs, agency costs, and offer …

The Metaverse refers to a shared vision among technology entrepreneurs of a three-
dimensional virtual world, an embodied internet with humans and the physical world in it. As …

Sustainability orientation has a positive effect on startups' initial valuation and a negative
effect on their post-funding financial performance. All else equal, improving sustainability …

This article examines the operating and financial performance of venture firms conducting
initial coin offerings (ICOs) with different types of investors and at different points along a …

The high degree of asymmetric information in initial coin offerings (ICOs) increases the
probability of moral hazard, adverse selection, and outright fraud. Token governance …

This paper examines the efficiency of the Initial Coin Offering (ICO) market through a search-
theoretical lens. Search intensity associated with the process of identifying valuable startups …

Decentralized finance (DeFi), which executes financial transactions using blockchain
without an intermediary, has attracted over US $250 billion in total value locked (TVL) at its …

Crypto funds (CFs) are a growing intermediary in cryptocurrency markets. We evaluate CF
performance using metrics based on alphas, value at risk, lower partial moments, and …

This paper examines the efficiency of the Initial Coin Offering (ICO) market through a search-
theoretical lens. Search intensity associated with the process of identifying valuable startups …