Are Cryptocurrency Forks Wealth Creating?

Bill Hu and Jonathan Miller ()
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Bill Hu: College of Business, Arkansas State University, Jonesboro, AR 72401, USA
Jonathan Miller: EGADE Business School, Tecnológico de Monterrey, Monterrey 64849, Nuevo Leon, Mexico

JRFM, 2023, vol. 16, issue 12, 1-13

Abstract: We find that planned cryptocurrency forks, like voluntary corporate spin-offs, are wealth-creating. Involuntary forks that are forced due to hacks and other problems with the blockchain are not. We find diminishing returns for second-generation forks, alleviating the concern of forking solely for wealth creation.

Keywords: cryptocurrency forks; corporate spin-offs; divergence of opinions (search for similar items in EconPapers)
JEL-codes: C E F2 F3 G (search for similar items in EconPapers)
Date: 2023
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