The economics of financial scams: Evidence from Initial Coin Offerings

• المؤلفون الرئيسيون: PHUA, Kenny, SANG, Bo, WEI, Chi Shen, YU, Yang
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2023
• الموضوعات: Financial scams; Forensic finance; Cryptocurrency; Finance and Financial Management; Technology and Innovation
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/lkcsb_research/7439; https://ink.library.smu.edu.sg/context/lkcsb_research/article/8438/viewcontent/SSRN_id4064453.pdf

We examine the economics of financial scams by analyzing the market for initial coin offerings (ICOs). Using data snapshots of 5,873 ICOs, we find that irregularities in ICO characteristics across listing websites predict higher scam risk and are likely intentional. These patterns are consistent wit...