Are Tokens Securities? An Anatomy of Initial Coin Offerings

Informational Asymmetries, Financial Structure, and Financial Intermediation

Hayne E. Leland, David H. Pyle · The Journal of Finance · 1977 · 3.9K citations

Business, Economics, Finance +16

Dividend Policy under Asymmetric Information

Merton H. Miller, Kevin Rock · The Journal of Finance · 1985 · 3.2K citations

Social Sciences, Economics, Finance +17

The Market for Securities: Substitution Versus Price Pressure and the Effects of Information on Share Prices

Myron S. Scholes · The Journal of Business · 1972 · 919 citations

Business, Business Economics, Economics +14

Product Market Competition With Crypto Tokens and Smart Contracts

SSRN Electronic Journal · 2019 · 13 citations · Full text

Social Sciences, Business Economics, Economics +6