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- Title
La Blockchain, un outil innovant au service du financement des entreprises.
- Authors
Alfieri, Elise; Burlacu, Radu; Enjolras, Geoffroy
- Abstract
Corporate financing has recently benefitted from innovative technics and solutions based on the blockchain technology. In order to analyze them, this article proposes a theoretical framework based on risks: market mechanisms, information asymmetries, opportunistic behavior, legal guarantees and operational risks. We develop a typology of financing instruments through two dimensions: means of exchange and contracts. A study of four situations supports this classification and demonstrates the potential of blockchain despite the appearance of new risks.
- Subjects
FUNDRAISING; BLOCKCHAINS
- Publication
Recherches en Sciences de Gestion, 2021, Issue 143, p115
- ISSN
2259-6372
- Publication type
Article
- DOI
10.3917/resg.143.0115