Cryptocurrencies and Finance Theories
| Autor: | Mohammed M. Elgammal, Bana Abuzayed, AbdulQuddoos AbdulBasith |
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| Rok vydání: | 2021 |
| Předmět: | |
| Zdroj: | Asia-Pacific Management Accounting Journal. 16:315-365 |
| ISSN: | 2550-1631 1675-3194 |
| DOI: | 10.24191/apmaj.v16i2-12 |
| Popis: | Cryptocurrency (CCY) as a new key player in the currency system that has drawn the attention of scholars to examine its influence, relations and the opportunities that it may provide. However, a financial theoretical framework to connect CCY with financial theory is missing. This paper fills this gap by providing a review for the theoretical framework introduced in the literature to position CCY in investment and finance theories. This is done by studying the CCY literature and providing a critical feedback on the overall contributions in the area and possible venues for improvement. We report a need for a long-term analysis for CCY as this asset class is fairly new and sufficient data may not be available. Moreover, a better connection and linking with finance theories is required as it is significantly deficient. The promising potential of blockchain/ CCY stresses the need for interdisciplinary research including business, legal and information technology disciplines. In addition, the Covid-19 pandemic opens the door for further research to investigate the role of CCY as a hedge in the times of crises. Keywords: digital ledger technology, cryptocurrency bitcoin, finance theory, investment, fintech |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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