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Title
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Readability of token whitepaper and ICO first-day return
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Author
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Abstract
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| We study the association between readability of the ICO whitepaper and the offering’s first-day return. Using data from the four largest tokens exchanges in Asia, we find that an ICO whitepaper narrative with more readable disclosures is likely to result in a higher initial return for ICO investors. |
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Language
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English
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Source (journal)
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Economics letters. - Amsterdam
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Publication
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Amsterdam
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2019
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ISSN
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0165-1765
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DOI
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10.1016/J.ECONLET.2019.04.010
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Volume/pages
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180
(2019)
, p. 58-61
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ISI
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000473378900014
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Full text (Publisher's DOI)
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Full text (open access)
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Full text (publisher's version - intranet only)
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