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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w21802 |
来源ID | Working Paper 21802 |
\ufeffCorporate Governance and Blockchains | |
David Yermack | |
发表日期 | 2015-12-14 |
出版年 | 2015 |
语种 | 英语 |
摘要 | Blockchains represent a novel application of cryptography and information technology to ag-eold problems of financial record-keeping, and they may lead to far-reaching changes in corporate governance. Many major players in the financial industry have began to invest in this new technology, and stock exchanges have proposed using blockchains as a new method for trading corporate equities and tracking their ownership. This essay evaluates the potential implications of these changes for managers, institutional investors, small shareholders, auditors, and other parties involved in corporate governance. The lower cost, greater liquidity, more accurate record-keeping, and transparency of ownership offered by blockchains may significantly upend the balance of power among these cohorts. |
主题 | Financial Economics ; Financial Institutions ; Corporate Finance |
URL | https://www.nber.org/papers/w21802 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/579476 |
推荐引用方式 GB/T 7714 | David Yermack. \ufeffCorporate Governance and Blockchains. 2015. |
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文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w21802.pdf(117KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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