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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.
José Campino; Ana Brochado; Álvaro Rosa. Initial Coin Offerings (ICOs): the importance of human capital. Journal of Business Economics 2021, 1 -38.
AMA StyleJosé Campino, Ana Brochado, Álvaro Rosa. Initial Coin Offerings (ICOs): the importance of human capital. Journal of Business Economics. 2021; ():1-38.
Chicago/Turabian StyleJosé Campino; Ana Brochado; Álvaro Rosa. 2021. "Initial Coin Offerings (ICOs): the importance of human capital." Journal of Business Economics , no. : 1-38.
In Cape Verde, small family farming production suffers continuously from limited essential resources such as water and soil for a steady development. This situation is further aggravated by the lack of financial resources. We have developed a hybrid and multidimensional conceptual model for improvement of those small farming units by bringing together concepts of quality management, farmers’ satisfaction evaluation and production capabilities. The model we have built was the result of an inquiry based on Focus Group study with 15 farmers and it was carried out in 2019. We name the model as SQual4Agri and this is a step toward improvement in small family based agricultural organization, namely in productivity, responsibility sharing, communication and quality management.
Elsa Simões; Margarida Saraiva; Gottlieb Basch; António Pires; Álvaro Rosa; Elisa Chaleta. Hybrid Conceptual Model for Assessing Quality, Production and Satisfaction (SQual4Agri), in Agricultural Production Units, in Cape Verde. Sustainability 2020, 13, 37 .
AMA StyleElsa Simões, Margarida Saraiva, Gottlieb Basch, António Pires, Álvaro Rosa, Elisa Chaleta. Hybrid Conceptual Model for Assessing Quality, Production and Satisfaction (SQual4Agri), in Agricultural Production Units, in Cape Verde. Sustainability. 2020; 13 (1):37.
Chicago/Turabian StyleElsa Simões; Margarida Saraiva; Gottlieb Basch; António Pires; Álvaro Rosa; Elisa Chaleta. 2020. "Hybrid Conceptual Model for Assessing Quality, Production and Satisfaction (SQual4Agri), in Agricultural Production Units, in Cape Verde." Sustainability 13, no. 1: 37.