G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w21802
来源IDWorking 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
URLhttps://www.nber.org/papers/w21802
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/579476
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GB/T 7714
David Yermack. \ufeffCorporate Governance and Blockchains. 2015.
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