Date of Award
2024-08-01
Degree Name
Doctor of Philosophy
Department
Theses & dissertations (College of Business)
Advisor(s)
Waymond Rodgers
Abstract
This paper examines how investors view a firm's involvement with cryptocurrency or blockchain technology, measured by 10-K disclosures containing the related keywords. I find that investors negatively react to the information related to cryptocurrency or blockchain in the three-day window, but the negative trend is reversed after day four. Surprisingly, the topic analysis indicates that the market reacts positively to all topics related to cryptocurrency and blockchain, except for the "competition environment," suggesting that factors outside adopting cryptocurrency or blockchain affect the negative correlations observed before.
Language
en
Provenance
Received from ProQuest
Copyright Date
2024-08-01
File Size
85 p.
File Format
application/pdf
Rights Holder
Shensi Wang
Recommended Citation
Wang, Shensi, "Do Investors Value Firm's Application of Cryptocurrency and Blockchain Technology?" (2024). Open Access Theses & Dissertations. 4213.
https://scholarworks.utep.edu/open_etd/4213