dc.contributor.author | Bellavitis, C | |
dc.contributor.author | Cumming, D | |
dc.contributor.author | Vanacker, T | |
dc.date.accessioned | 2020-06-22T09:00:06Z | |
dc.date.issued | 2020-08-24 | |
dc.description.abstract | Regulatory spillovers occur when regulation in one country affects either the expected regulatory
approach and/or entrepreneurial finance markets in other countries. Drawing on institutional
theory, we investigate the global implications of a regulatory spillover on entrepreneurship. We
argue that regulatory spillovers have both short- and long-term effects on the number and quality
of entrepreneurial finance initiatives such as Initial Coin Offerings (ICOs). Based on a large-scale
sample of ICOs in 108 countries, we find that a regulatory ban of ICOs in one country causes a
short-term increase in the number of low-rated ICOs in other countries and a long-term drop in the
number of ICOs, especially low-rated, which increases the average ICO rating. That is, a restrictive
regulation triggered a process of increased market selection. | en_GB |
dc.identifier.citation | Published online 24 August 2020 | en_GB |
dc.identifier.doi | 10.1177/1042258720940114 | |
dc.identifier.uri | http://hdl.handle.net/10871/121570 | |
dc.language.iso | en | en_GB |
dc.publisher | SAGE Publications | en_GB |
dc.rights | © The Author(s) 2020.
Article reuse guidelines:
sagepub.com/journals-permissions | |
dc.title | Ban, Boom, and Echo! Entrepreneurship and initial coin offerings | en_GB |
dc.type | Article | en_GB |
dc.date.available | 2020-06-22T09:00:06Z | |
dc.identifier.issn | 1042-2587 | |
dc.description | This is the author accepted manuscript. The final version is available from SAGE Publications via the DOI in this record | en_GB |
dc.identifier.journal | Entrepreneurship: Theory and Practice | en_GB |
dc.rights.uri | http://www.rioxx.net/licenses/all-rights-reserved | en_GB |
dcterms.dateAccepted | 2020-06-14 | |
rioxxterms.version | AM | en_GB |
rioxxterms.licenseref.startdate | 2020-06-14 | |
rioxxterms.type | Journal Article/Review | en_GB |
refterms.dateFCD | 2020-06-22T08:58:45Z | |
refterms.versionFCD | AM | |
refterms.dateFOA | 2020-09-18T15:19:16Z | |
refterms.panel | C | en_GB |