Does Geopolitical Risk Matter for the Success of Initial Coin Offerings?

A. Lazos () and L. Laurent Pataillot
Additional contact information
A. Lazos: Audencia Business School

Post-Print from HAL

Abstract: This study investigates the effect of country‐specific geopolitical risk (GPR) on initial coin offering (ICO) success. The findings of this study reveal a positive relation. A plausible explanation may lie in prospect theory. When losses are more likely to take place, investors are risk‐seeking and may overweight the low probability of hitting a big win in their pursuit of high returns. As a result, they may invest in high GPR ICOs that, in turn, may have a positive effect on their success. High GPR ICOs that employ the know your customer scheme, however, exhibit a lower likelihood of success.

Keywords: distributed ledger technology; geopolitical risk; initial coin offering; know your customer (search for similar items in EconPapers)
Date: 2026-04
References: Add references at CitEc
Citations:

Published in International Journal of Finance and Economics, 2026, 31 (2), pp.2574 - 2779. ⟨10.1002/ijfe.70070⟩

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05595808

DOI: 10.1002/ijfe.70070

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().