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It’s not only what you say but “how” you say it: linguistic styles and ICOs success

dc.contributor.authorMonaco, Eleonora
dc.contributor.authorOnesti, Gianni
dc.contributor.authorCruz, Diogo
dc.contributor.authorRosati, Pierangelo
dc.date.accessioned2021-12-29T18:26:07Z
dc.date.available2021-12-29T18:26:07Z
dc.date.issued2021
dc.description.abstractDigital technologies have created new alternative sources of entrepreneurial finance that create significant opportunities for start-ups and entrepreneurs. Among them, Initial Coin Offerings (ICOs) have attracted significant attention from the start-up community and from investors. Despite all the hype around ICOs and the growing number of new token offerings being launched on a daily basis, little is known about the characteristics of successful ICOs. This study aims to fill this gap in the literature by exploring whether and how the linguistic styles adopted in the white paper affects the success of an ICO as measured by the actual amount raised by the offering. Our results are based on a primary dataset of 131 ICOs completed between June 2017 and October 2018. Our results suggest that the use of precise language is positively associated with the amount funded while the use of a concrete language and more numerical terms is negatively associated with the amount funded. This study contributes to the growing literature on ICOs by providing novel insights into the role of the communication strategy adopted by token issuers.pt_PT
dc.description.versioninfo:eu-repo/semantics/acceptedVersionpt_PT
dc.identifier.doi10.1007/978-3-030-87842-9_9pt_PT
dc.identifier.eid85118958890
dc.identifier.isbn9783030878412
dc.identifier.isbn9783030878429
dc.identifier.urihttp://hdl.handle.net/10400.14/36305
dc.language.isoengpt_PT
dc.peerreviewedyespt_PT
dc.subjectEntrepreneurial financept_PT
dc.subjectICOspt_PT
dc.subjectInitial coin offeringspt_PT
dc.subjectLinguistic stylespt_PT
dc.titleIt’s not only what you say but “how” you say it: linguistic styles and ICOs successpt_PT
dc.typeconference object
dspace.entity.typePublication
oaire.citation.endPage121pt_PT
oaire.citation.startPage109pt_PT
oaire.citation.titleExploring innovation in a digital world - cultural and organizational challengespt_PT
rcaap.rightsopenAccesspt_PT
rcaap.typeconferenceObjectpt_PT

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