Do entrepreneurs use cryptocurrency to hedge against their business risk?

Yosef Bonaparte

Finance Research Letters, 2024, vol. 62, issue PB

Abstract: This paper studies if entrepreneurs use cryptocurrency to hedge against business risk. Cryptocurrency is a newly emerging asset class that distinct from other traditional asset classes and less been analyzed from the entrepreneur's perspective. To implement the analyses, we address the endogeneity issue of being an entrepreneur using parents background and show that entrepreneurs prefer risk diversification hypotheses to hedge against their business risks.

Keywords: Cryptocurrency and entrepreneurs; Entrepreneurs; Hedging against business risk (search for similar items in EconPapers)
JEL-codes: G02 G11 (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:62:y:2024:i:pb:s1544612324002551

DOI: 10.1016/j.frl.2024.105225

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