User profiles for P. P. Momtaz

Paul P. Momtaz

TUM
Verified email at ucla.edu
Cited by 1882

[HTML][HTML] Initial coin offerings

PP Momtaz - Plos one, 2020 - journals.plos.org
… However, there is a regulatory distinction between utility, security, and cryptocurrency tokens
(see, for a detailed discussion, Momtaz [1] and Section I in this article). While the latter two …

Token offerings: A revolution in corporate finance?

PP Momtaz, K Rennertseder… - Available at SSRN …, 2019 - papers.ssrn.com
… to raise external finance without an intermediary (Momtaz, 2019b). While the concept is mainly
… Drobetz, W., and PP Momtaz, 2019, Corporate governance convergence in the european …

The rise of decentralized autonomous organizations (DAOs): a first empirical glimpse

C Bellavitis, C Fisch, PP Momtaz - Venture Capital, 2023 - Taylor & Francis
… The average market capitalization over our sample period of $18.52 million per DAO is
slightly higher than that of ICOs, with $14.13 million measured on the first day of trading (Momtaz

[HTML][HTML] Entrepreneurial finance and moral hazard: Evidence from token offerings

PP Momtaz - Journal of Business Venturing, 2021 - Elsevier
This paper provides the first evidence of a moral hazard in signaling in an entrepreneurial
finance context, by examining token offerings or Initial Coin Offerings (ICOs). Entrepreneurs' …

[HTML][HTML] Institutional investors and post-ICO performance: an empirical analysis of investor returns in initial coin offerings (ICOs)

C Fisch, PP Momtaz - Journal of Corporate Finance, 2020 - Elsevier
We examine the role of institutional investors in initial coin offerings (ICOs). Taking a financial
investor's perspective, we assess the determinants of post-ICO performance via buy-and-…

[HTML][HTML] Some very simple economics of web3 and the metaverse

PP Momtaz - FinTech, 2022 - mdpi.com
The Metaverse refers to a shared vision among technology entrepreneurs of a three-dimensional
virtual world, an embodied internet with humans and the physical world in it. As such, …

The pricing and performance of cryptocurrency

PP Momtaz - The European Journal of Finance, 2021 - Taylor & Francis
… A comprehensive overview of this process is outlined in Momtaz (Citation2018c). … related
study that uses a smaller sample of ICOs (Momtaz Citation2018c). However, the median returns …

[HTML][HTML] Financing sustainable entrepreneurship: ESG measurement, valuation, and performance

S Mansouri, PP Momtaz - Journal of Business Venturing, 2022 - Elsevier
Momtaz b c d e … token offerings (for a comprehensive discussion of these concerns, see
section 6.4 in Momtaz, 2020a). Our empirical analyses exclude Security Token Offerings (STOs) …

Initial coin offerings, asymmetric information, and loyal CEOs

PP Momtaz - Small business economics, 2021 - Springer
… Indeed, Momtaz (2020c) finds that the lack of institutions that could ex ante verify signals or
ex post penalize biased signals leads to the occurrence of a severe moral hazard in signaling…

CEO emotions and firm valuation in initial coin offerings: an artificial emotional intelligence approach

PP Momtaz - Strategic Management Journal, 2021 - Wiley Online Library
… tests of the signaling mechanism, underpricing level is defined as the difference between
the closing and opening price divided by the opening price on the first day of trading (Momtaz, …