TY - THES ID - 146394420 TI - The determents of the failure of Icos AU - Koch, Luis AU - Torsin, Wouter AU - Hachmeister, Dirk PY - 2022 PB - Liège Université de Liège (ULiège) DB - UniCat KW - ICO KW - Initial Coin Offering KW - Corporate Financing KW - Crypto KW - Signaling Theory KW - Sciences économiques & de gestion > Comptabilité & audit UR - https://www.unicat.be/uniCat?func=search&query=sysid:146394420 AB - The objective of this thesis is to identify the determinants of the failure of Initial Coin Offerings (ICOs). ICOs are a new, innovative form of corporate financing: The company sells digital tokens to investors, who can then participate in the company's future development. Intermediaries like banks are no longer required. ICOs have been enjoying a lot of popularity lately. However, the market suffers from high uncertainty and asymmetric information. Therefore, further research is needed. Some studies have already analyzed the determinants of the success (esp. the amount raised) of ICOs. This thesis instead, aims to identify the determinants of failure. These are to be determined with multivariate data analysis. It is suggested to indicate the dependent variable of the failure of an ICO by the listing and/or the trading activity of its token on a secondary exchange. ER -