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Attention to global warming and the success of environmental initial coin offerings : empirical evidence

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Date
2020-11-26
Author
Guzmán Vásquez, Alexander
Pinto Gutiérrez, Cristian A.
Trujillo Dávila , María Andrea

Citación

       
TY - GEN T1 - Attention to global warming and the success of environmental initial coin offerings : empirical evidence UR - http://hdl.handle.net/10726/5066 PB - MDPI AG AB - ER - @misc{10726_5066, author = {Guzmán Vásquez Alexander and Pinto Gutiérrez Cristian A. and Trujillo Dávila María Andrea}, title = {Attention to global warming and the success of environmental initial coin offerings : empirical evidence}, language = {eng}, orcid = {Guzmán Vásquez, Alexander [0000-0001-7675-048X]}, orcid = {Pinto Gutiérrez, Cristian A. [0000-0002-7981-4968]}, orcid = {Trujillo Dávila, María Andrea [0000-0002-9592-7890]}, scopus = {Guzmán Vásquez, Alexander [55207224400]}, scopus = {Pinto Gutiérrez, Cristian A. [57191261953]}, scopus = {Trujillo Dávila, María Andrea [55206416700]}, year1 = {2023-06-21T22:23:02Z}, year2 = {2023-06-21T22:23:02Z}, abstract2 = {We analyze the effects of attention to global warming on the success of environmental initial coin offerings (ICOs) measured by the total funding amount raised in the actual ICOs and the long-term survival of the projects. Using a database featuring 324 environmental initial coin offerings between 2017 and 2019, we find that attention to global warming increases the total funding raised in an environmental ICO. Moreover, we find that environmental offerings that occur during periods of greater attention to global warming are significantly less likely to fail in the long term. Our results are consistent with the idea that investor attention as a market-discipline mechanism increases the likelihood of survival for environmental ICOs.}, instname = {instname:Colegio de Estudios Superiores de Administración – CESA}, reponame = {reponame:Biblioteca Digital – CESA}, typedrive = {info:eu-repo/semantics/article}, url = {http://hdl.handle.net/10726/5066} }RT Generic T1 Attention to global warming and the success of environmental initial coin offerings : empirical evidence LK http://hdl.handle.net/10726/5066 PB MDPI AG AB OL Spanish (121)
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Abstract
We analyze the effects of attention to global warming on the success of environmental initial coin offerings (ICOs) measured by the total funding amount raised in the actual ICOs and the long-term survival of the projects. Using a database featuring 324 environmental initial coin offerings between 2017 and 2019, we find that attention to global warming increases the total funding raised in an environmental ICO. Moreover, we find that environmental offerings that occur during periods of greater attention to global warming are significantly less likely to fail in the long term. Our results are consistent with the idea that investor attention as a market-discipline mechanism increases the likelihood of survival for environmental ICOs.
DOI
https://doi.org/10.3390/su12239885
URI
http://hdl.handle.net/10726/5066
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