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A publicação pode ser exportada nos seguintes formatos: referência da APA (American Psychological Association), referência do IEEE (Institute of Electrical and Electronics Engineers), BibTeX e RIS.

Exportar Referência (APA) 
Campino, J., Brochado, A. & Rosa, Á. (2021). Initial Coin Offerings (ICOs): The importance of human capital. Journal of Business Economics. 91 (8), 1225-1262
Exportar Referência (IEEE) 
J. P. Campino et al.,  "Initial Coin Offerings (ICOs): The importance of human capital", in Journal of Business Economics, vol. 91, no. 8, pp. 1225-1262, 2021
Exportar BibTeX 
@article{campino2021_1732203048015,
	author = "Campino, J. and Brochado, A. and Rosa, Á.",
	title = "Initial Coin Offerings (ICOs): The importance of human capital",
	journal = "Journal of Business Economics",
	year = "2021",
	volume = "91",
	number = "8",
	doi = "10.1007/s11573-021-01037-w",
	pages = "1225-1262",
	url = "https://link.springer.com/journal/11573"
}
Exportar RIS 
TY  - JOUR
TI  - Initial Coin Offerings (ICOs): The importance of human capital
T2  - Journal of Business Economics
VL  - 91
IS  - 8
AU  - Campino, J.
AU  - Brochado, A.
AU  - Rosa, Á.
PY  - 2021
SP  - 1225-1262
SN  - 0044-2372
DO  - 10.1007/s11573-021-01037-w
UR  - https://link.springer.com/journal/11573
AB  - The Initial Coin Offerings (ICOs) subject has been gaining relevance due to its novelty, due to the capital amounts involved in the projects, as well as the disruptive technology and methods involved. ICOs are a disruptive way to finance new projects which involve high risks and which are mainly technological. This way to finance a project has been compared to others, namely, crowdfunding, venture capital or Initial Public Offerings (IPOs). Nevertheless, ICOs have very specific characteristics which make them unique. We have studied the ICO projects and developed a literature review on the topic. Building on the Human Capital Theory (HCT), we have also studied the importance given to the project’s team and its perceived impact on projects’ success. Our contribution to fill in this literature gap was to develop an econometric model which measures the impact of team’s characteristics on the success of a project. The database was collected with the combination of two data sources and is composed of 3158 profiles and 340 ICO projects. We have concluded that team variables are significant contributors to project’s success. Our data suggests that people’s location contributes to projects’ success as well as promoters’ networks. The ratings attributed by external parties to the project are also indicators of success. Several control variables such as the implementation of thresholds to investment, the number of currencies accepted, the platform in which the ICO is developed, the existence of bonus schemes and the year of the project were found to be statistically significant having an impact on projects’ outcome.
ER  -