The economic value of blockchain applications: Early evidence from asset-backed securities

• المؤلفون الرئيسيون: CHEN, Xia, CHENG, Qiang, LUO, Ting
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2024
• الموضوعات: Blockchain; Asset-Backed Securities; Information Asymmetry; Accounting; Portfolio and Security Analysis
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/soa_research/1968; https://ink.library.smu.edu.sg/context/soa_research/article/2995/viewcontent/SSRN_id4077443.pdf
• المؤسسة: Singapore Management University

In this paper, we evaluate the economic value of a blockchain application. In the context of asset-backed securities (ABS) issuance in China, where some ABS are issued with blockchain technology and others are not, we find that the use of blockchain significantly reduces the coupon yield at issuance...