Impact of Open-Source Community on Cryptocurrency Market Price: An Empirical Investigation

References

• Abadi, J.; and Brunnermeier, M.K. Blockchain economics. (2019). NBER Working paper.
   Google Scholar
• Aboody, D.; and Lev, B. The value relevance of intangibles: The case of software capitalization. Journal of Accounting Research, 36, (1998), 161–191.
   Web of Science ®Google Scholar
• Abrigo, M.; and Love, I. Estimation of panel vector autoregression in Stata. The Stata Journal, 16, 3 (2016), 778–804.
   Web of Science ®Google Scholar
• Andrews, D.W.K.; and Lu, B. Consistent model and moment selection procedures for GMM estimation with application to dynamic panel data models. Journal of Econometrics, 101, 1 (2001), 123–164.
   Web of Science ®Google Scholar
• Aral, S.; and Walker, D. Creating social contagion through viral product design: A randomized trial of peer influence in networks. Management Science, 57, 9 (2011), 1623-1639.
   Google Scholar
• Aral, S.; and Walker, D. Tie strength, embeddedness, and social influence: A large-scale networked experiment. Management Science, 60, 6 (2014), 1352–1370.
   Web of Science ®Google Scholar
• Arellano, M. On the testing of correlated effects with panel data. Journal of Econometrics, 59, 1 (1993), 87–97.
   Web of Science ®Google Scholar
• Arellano, M.; and Bond, S. Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations. Review of Economic Studies, 58, 2 (1991), 277–297.
   Web of Science ®Google Scholar
• Arora, A.; Caulkins, J.P.; and Telang, R. Sell first, fix later: Impact of patching on software quality. Management Science, 52, 3 (2006), 465–471.
   Web of Science ®Google Scholar
• August, T.; Shin, H.; and Tunca, T.I. Generating value through open source: Software service market regulation and licensing policy. Information Systems Research, 29, 1 (2017), 186–205.
   Web of Science ®Google Scholar
• Baum, C.F.; Schaffer, M.E.; and Stillman, S. Enhanced routines for instrumental variables/generalized method of moments estimation and testing. The Stata Journal, 7, 4 (2007), 465–506.
   Web of Science ®Google Scholar
• Baum, J.A.C.; and Silverman, B.S. Picking winners or building them? Alliance, intellectual, and human capital as selection criteria in venture financing and performance of biotechnology startups. Journal of Business Venturing, 19, 3 (2004), 411–436.
   Web of Science ®Google Scholar
• Baur, D.G.; Dimp, T.; and Kuck, K. Bitcoin, gold and the US dollar – A replication and extension. Finance Research Letters, 25, August 2017 (2018), 103–110.
   Web of Science ®Google Scholar
• Beatty, R.P. Auditor reputation and the pricing of initial public offerings. The Accounting Review, 64, 4 (1989), 693–709.
   Web of Science ®Google Scholar
• Bergh, D.D.; Connelly, B.L.; Ketchen, D.J.; and Shannon, L.M. Signalling theory and equilibrium in strategic management research: An assessment and a research agenda. Journal of Management Studies, 51, (2014), 1334–1360.
   Web of Science ®Google Scholar
• Berwick, A. Exclusive: At least $1 billion of client funds missing at failed crypto firm FTX. In Reuters, 2022. https://www.reuters.com/markets/currencies/exclusive-least-1-billion-client-funds-missing-failed-crypto-firm-ftx-sources-2022-11-12/ (accessed June 14 2023).
   Google Scholar
• Bhattacharya, S. Imperfect information, dividend policy, and “The bird in the hand” fallacy. The Bell Journal of Economics, 10, 1 (1979), 259–270.
   Google Scholar
• Bhattacharya, S. Nondissipative signaling structures and dividend policy. The Quarterly Journal of Economics, 95, 1 (1980), 1–24.
   Web of Science ®Google Scholar
• BliegeBird, R.; and Smith, E. Signaling theory, strategic interaction, and symbolic capital. Current Anthropology, 46, 2 (2005), 221–248.
   Web of Science ®Google Scholar
• Blundell, R.; and Bond, S. Initial conditions and moment restrictions in dynamic panel data models. Journal of Econometrics, 87, 1 (1998), 115–143.
   Web of Science ®Google Scholar
• Boivie, S. Sorting things out: Valuation of new firms in uncertain markets. Strategic Management Journal, 25, (2004), 167–186.
   Web of Science ®Google Scholar
• Bollen, J.; Mao, H.; and Zeng, X.-J. Twitter mood predicts the stock market. Journal of Computational Science, 2, 1 (2010), 1–8.
   Web of Science ®Google Scholar
• Bouri, E.; Molnár, P.; Azzi, G.; Roubaud, D.; and Hagfors, L.I. On the hedge and safe haven properties of Bitcoin: Is it really more than a diversifier? Finance Research Letters, 20, (2017), 192–198.
   Web of Science ®Google Scholar
• Brière, M.; Oosterlinck, K.; and Szafarz, A. Virtual currency, tangible return: Portfolio diversification with bitcoin. Journal of Asset Management, 16, 6 (2015), 365–373.
   Web of Science ®Google Scholar
• Burniske, C.; and Tatar, J. Cryptoassets: The Innovative Investor’s Guide to Bitcoin and Beyond. New York City: McGraw-Hill, 2017.
   Google Scholar
• Burtch, G.; Ghose, A.; and Wattal, S. An empirical examination of the antecedents and consequences of contribution patterns in crowd-funded markets. Information Systems Research, 24, 3 (2013), 499–519.
   Web of Science ®Google Scholar
• Cagan, P. The monetary dynamics of hyperinflation. In M. Friedman, (ed.), Studies in the Quantity Theory of Money. Chicago: The University of Chicago Press, 1956, pp. 25–117.
   Google Scholar
• Carter, R.B.; Dark, F.H.; and Singh, A.K. Underwriter reputation, initial returns, and the long-run performance of IPO stocks. The Journal of Finance, 53, 1 (1998), 285–311.
   Web of Science ®Google Scholar
• Certo, S.T. Influencing initial public offering investors with prestige: Signaling with board structures. The Academy of Management Review, 28, 3 (2003), 432–446.
   Web of Science ®Google Scholar
• Chatterjee, S.; and Hadi, A.S. Regression Analysis by Example. Hoboken, NJ: John Wiley & Sons, 2012.
   Google Scholar
• Chen, T.; Cheng, H. K.; Jin, Y.; Li, S.; and Qiu, L. Impact of competition on innovations of IT industry: An empirical investigation. Journal of Management Information Systems, 38, 3 (2021), 647–666.
   Web of Science ®Google Scholar
• Cheng, H. K.; Fan, W.; Guo, P.; Huang, H.; and Qiu, L. Can “gold medal” online sellers earn gold? The impact of reputation badges on sales. Journal of Management Information Systems, 37, 4 (2020), 1099–1127.
   Web of Science ®Google Scholar
• Chiu, J.; and Koeppl, T. V. Blockchain-based settlement for asset trading. The Review of Financial Studies, 32, 5 (2019), 1716–1753.
   Web of Science ®Google Scholar
• Ciaian, P.; Rajcaniova, M.; and Kancs, D. Virtual relationships: Short- and long-run evidence from BitCoin and altcoin markets. Journal of International Financial Markets, Institutions and Money, 52, (2018), 173–195.
   Web of Science ®Google Scholar
• Coinbase. About. https://www.coinbase.com/about (accessed June 14, 2023).
   Google Scholar
• Cong, L.W.; and He, Z. Blockchain disruption and smart contracts. The Review of Financial Studies, 32, 5 (2019), 1754-1797.
   Google Scholar
• Cong, L.W.; Li, Y.; and Wang, N. Tokenomics: Dynamic adoption and valuation. The Review of Financial Studies, 34, 3 (2021), 1105–1155.
   Web of Science ®Google Scholar
• Connelly, B.L.; Certo, S.T.; Ireland, R.D.; and Reutzel, C.R. Signaling theory: A review and assessment. Journal of Management, 37, 1 (2011), 39–67.
   Web of Science ®Google Scholar
• Corbet, S.; Lucey, B.; Urquhart, A.; and Yarovaya, L. Cryptocurrencies as a financial asset: A systematic analysis. International Review of Financial Analysis, 62, (2019), 182–199.
   Web of Science ®Google Scholar
• Crowston, K.; Howison, J.; and Annabi, H. Information systems success in free and open source software development: Theory and measures. Software Process: Improvement and Practice, 11, 2 (2006), 123–148.
   Google Scholar
• Dabbish, L.; Stuart, C.; Tsay, J.; and Herbsleb, J. Social coding in GitHub: Transparency and collaboration in an open software repository. In CSCW’. Seattle: CSCW, 2012.
   Google Scholar
• Dabbish, L.; Stuart, C.; Tsay, J.; and Herbsleb, J. Leveraging transparency. IEEE Software, 30, 1 (2013), 37–43.
   Web of Science ®Google Scholar
• Duggan, W. Crypto crash: What is Celsius? Why does it matter? In Forbes, 2022. https://www.forbes.com/advisor/investing/cryptocurrency/what-is-celsius/ (accessed June 14, 2023).
   Google Scholar
• Dyhrberg, A.H. Hedging capabilities of bitcoin. Is it the virtual gold? Finance Research Letters, 16, (2016), 139–144.
   Web of Science ®Google Scholar
• Dyhrberg, A.H.; Foley, S.; and Svec, J. How investible is Bitcoin? Analyzing the liquidity and transaction costs of Bitcoin markets. Economics Letters, 171, (2018), 140–143.
   Web of Science ®Google Scholar
• Electric Capital. Developer report. GitHub, 2022. https://github.com/electric-capital/developer-reports/blob/master/dev_report_2022.pdf (accessed June 14, 2023).
   Google Scholar
• Elitzur, R.; and Gavious, A. Contracting, signaling, and moral hazard: A model of entrepreneurs, “angels,” and venture capitalists. Journal of Business Venturing, 18, 6 (2003), 709–725.
   Web of Science ®Google Scholar
• Fang, Y.; and Neufeld, D. Understanding sustained participation in open source software projects. Journal of Management Information Systems, 25, 4 (2014), 9–50.
   Google Scholar
• Garvin, D. Competing on the eight dimensions of quality. In Harvard Business Review, 1987. https://hbr.org/1987/11/competing-on-the-eight-dimensions-of-quality (accessed June 14, 2023).
   Google Scholar
• Geng, X.; Lin, L.; and Whinston, A. Effects of organizational learning and knowledge transfer on investment decisions under uncertainty. Journal of Management Information Systems, 26, 2 (2009), 123–145.
   Web of Science ®Google Scholar
• GitHub. Acceptable use policies. GitHub Docs, 2023. https://docs.github.com/en/site-policy/acceptable-use-policies/github-acceptable-use-policies.
   Google Scholar
• GitHub. Creating a pull request. GitHub Docs, 2023. https://docs.github.com/en/pull-requests/collaborating-with-pull-requests/proposing-changes-to-your-work-with-pull-requests/creating-a-pull-request (accessed June 14, 2023).
   Google Scholar
• GitHub. Creating a pull request from a fork. GitHub Docs, 2023. https://docs.github.com/en/pull-requests/collaborating-with-pull-requests/proposing-changes-to-your-work-with-pull-requests/creating-a-pull-request-from-a-fork (accessed June 14, 2023).
   Google Scholar
• Giudici, P.; and Abu-Hashish, I. What determines bitcoin exchange prices? A network VAR approach. Finance Research Letters, 28, (2019), 309–318.
   Web of Science ®Google Scholar
• Glaser, F.; Zimmermann, K.; Haferkorn, M.; Weber, M.; and Siering, M. Bitcoin - Asset or currency? Revealing users’ hidden intentions. ECIS 2014 Proceedings - 22nd European Conference on Information Systems, (2014).
   Google Scholar
• Gousios, G.; Pinzger, M.; and Deursen, A. van. An exploratory study of the pull-based software development model. In Proceedings of the 36th International Conference on Software Engineering. New York, NY, USA: Association for Computing Machinery, 2014, pp. 345–355.
   Google Scholar
• Gousios, G.; Zaidman, A.; Storey, M.; and Deursen, A. Work practices and challenges in pull-based development: The integrator’s perspective. In 2015 IEEE/ACM 37th IEEE International Conference on Software Engineering. 2015, pp. 358–368.
   Google Scholar
• Grewal, R.; Lilien, G.L.; and Mallapragada, G. Location, location, location: How network embeddedness affects project success in open source systems. Management Science, 52, 7 (2006), 1043–1056.
   Web of Science ®Google Scholar
• Griffin, J.M.; and Shams, A. Is bitcoin really untethered? The Journal of Finance, 75, 4 (2020), 1913–1964.
   Web of Science ®Google Scholar
• Gulati, R.; and Higgins, M.C. Which ties matter when? The contingent effects of interorganizational partnerships on IPO success. Strategic Management Journal, 24, (2003), 127–144.
   Web of Science ®Google Scholar
• Haefliger, S.; von Krogh, G.; and Spaeth, S. Code reuse in open source software. Management Science, 54, 1 (2007), 180–193.
   Web of Science ®Google Scholar
• Hahn, J.; Moon, J.Y.; and Zhang, C. Emergence of new project teams from open source software developer networks: Impact of prior collaboration ties. Information Systems Research, 19, 3 (2008), 369–391.
   Web of Science ®Google Scholar
• Harris, M.; and Raviv, A. A sequential signalling model of convertible debt call policy. The Journal of Finance, 40, 5 (1985), 1263–1281.
   Web of Science ®Google Scholar
• Harter, D.E.; Krishnan, M.S.; and Slaughter, S.A. Effects of process maturity on quality, cycle time, and effort in software product development. Management Science, 46, 4 (2000), 451–466.
   Web of Science ®Google Scholar
• Hausman, J.A. Specification tests in econometrics. Econometrica, 46, 6 (1978), 1251–1271.
   Web of Science ®Google Scholar
• Hertig, A. Open source: What it is and why it’s critical for bitcoin and crypto. In Coindesk, 2022. https://www.coindesk.com/learn/open-source-what-it-is-and-why-its-critical-for-bitcoin-and-crypto/ (accessed June 14, 2023).
   Google Scholar
• von Hippel, E.A.; and von Krogh, G. Open source software and the “private-collective” innovation model: Issues for organization science. Organization Science, 14, 2 (2003), 107–225.
   Google Scholar
• Howell, S.T.; Niessner, M.; and Yermack, D. Initial Coin Offerings: Financing growth with cryptocurrency token sales. The Review of Financial Studies, 33, 9 (2020), 3925–3974.
   Web of Science ®Google Scholar
• Huberman, G.; Leshno, J.D.; and Moallemi, C. Monopoly without a monopolist: An economic analysis of the bitcoin payment system. The Review of Economic Studies, 88, 6 (2021), 3011–3040.
   Web of Science ®Google Scholar
• Humphrey, W. Introduction to Software Process Improvement. Pittsburgh, PA: Carnegie Mellon University, 1992.
   Google Scholar
• Ivanov, A.; and Sharman, R. Impact of user-generated internet content on hospital reputational dynamics. Journal of Management Information Systems, 35, 4 (2018), 1277–1300.
   Web of Science ®Google Scholar
• Jabr, W.; and Zheng, Z. Know yourself and know your enemy. MIS Quarterly, 38, 3 (2014), 635–654.
   Web of Science ®Google Scholar
• Jarczyk, O.; Gruszka, B.; Jaroszewicz, S.; Bukowski, L.; and Wierzbicki, A. GitHub projects. Quality analysis of open-source software. In 6th International Conference, SocInfo 2014, Barcelona, Spain, November 11–13, 2014, Springer International Publishing, 2014, pp. 80–94.
   Google Scholar
• Jermann, U.J. Cryptocurrencies and Cagan’s model of hyperinflation. Journal of Macroeconomics, 69, (2021), 103340.
   Web of Science ®Google Scholar
• John, K.; and Williams, J. Dividends, dilution, and taxes: A signalling equilibrium. The Journal of Finance, 40, 4 (1985), 1053–1070.
   Web of Science ®Google Scholar
• Khurana, S.; Qiu, L.; and Kumar, S. When a doctor knows, it shows: An empirical analysis of doctors’ responses in a Q&A forum of an online healthcare portal. Information Systems Research, 30, 3 (2019), 872–891.
   Web of Science ®Google Scholar
• Knight, J.C.; and Dunn, M.F. Software quality through domain-driven certification. Annals of Software Engineering, 5, (1998), 293–315.
   Google Scholar
• Krishnan, M.S.; Kriebel, C.H.; Kekre, S.; and Mukhopadhyay, T. An empirical analysis of productivity and quality in software products. Management Science, 46, 6 (2000), 745–759.
   Web of Science ®Google Scholar
• von Krogh, G.; and von Hippel, E. The promise of research on open source software. Management Science, 52, 7 (2006), 975–983.
   Web of Science ®Google Scholar
• Kumar, N.; Venugopal, D.; Qiu, L.; and Kumar, S. Detecting review manipulation on online platforms with hierarchical supervised learning. Journal of Management Information Systems, 35, 1 (2018), 350–380.
   Web of Science ®Google Scholar
• Kutner, M.H.; Nachtsheim, C.J., and Neter, J. Applied Linear Statistical Models. New York: McGraw-Hill/Irwin, 2005.
   Google Scholar
• Lahmiri, S.; and Bekiros, S. Chaos, randomness and multi-fractality in Bitcoin market. Chaos, Solitons & Fractals, 106, (2018), 28–34.
   Web of Science ®Google Scholar
• Lakhani, K.R.; and Wolf, R.G. Why hackers do what they do: Understanding motivation and effort in free/open source software projects. Working paper. SSRN, 2003.
   Google Scholar
• Leland, H.E.; and Pyle, D.H. Informational asymmetries, financial structure, and financial intermediation. The Journal of Finance, 32, 2 (1977), 371–387.
   Web of Science ®Google Scholar
• Leonardi, P.; and Neeley, T. The Digital Mindset: What It Really Takes to Thrive in the Age of Data, Algorithms, and AI. Boston, MA: Harvard Business Review Press, 2022.
   Google Scholar
• Lerner, J.; and Tirole, J. Some simple economics of open source. The Journal of Industrial Economics, 50, 2 (2002), 197–234.
   Web of Science ®Google Scholar
• Lerner, J.; and Tirole, J. The economics of technology sharing: Open source and beyond. Journal of Economic Perspectives, 19, 2 (2005), 99–120.
   Web of Science ®Google Scholar
• Lester, R.H.; Certo, S.T.; Dalton, C.M.; Dalton, D.R.; and Cannella Jr., A.A. Initial Public Offering investor valuations: An examination of top management team prestige and environmental uncertainty. Journal of Small Business Management, 44, 1 (2006), 1–26.
   Web of Science ®Google Scholar
• Li, X.; and Wang, C.A. The technology and economic determinants of cryptocurrency exchange rates: The case of Bitcoin. Decision Support Systems, 95, (2017), 49–60.
   Web of Science ®Google Scholar
• Lielacher, A. Is tracking GitHub activity a good way to evaluate crypto projects? 2018. https://bravenewcoin.com/insights/is-tracking-github-activity-a-good-way-to-evaluate-crypto-projects (accessed June 14, 2023).
   Google Scholar
• Lin, Y.K.; and Maruping, L.M. Open source collaboration in digital entrepreneurship. Organization Science, 33, 1 (2022), 212–230.
   Web of Science ®Google Scholar
• Liu, Y.; and Tsyvinski, A. Risks and returns of cryptocurrency. The Review of Financial Studies, 34, 6 (2020), 2689–2727.
   Web of Science ®Google Scholar
• Livni, E. For cryptocurrency, the challenge is to balance code and law. In The New York Times, 2021. https://www.nytimes.com/2021/11/23/business/dealbook/cryptocurrency-code-law-technology.html (accessed June 14, 2023).
   Google Scholar
• Lou, T.; and Tang, J. Mining structural hole spanners through information diffusion in social networks. In WWW 2013 - Proceedings of the 22nd International Conference on World Wide Web, 2013, pp. 837–847.
   Google Scholar
• Lucchini, L.; Alessandretti, L.; Lepri, B.; Gallo, A., and Baronchelli, A. From code to market: Network of developers and correlated returns of cryptocurrencies. Science Advances, 6, (2020).
   PubMed Web of Science ®Google Scholar
• Lutkepohl, H. New Introduction to Multiple Time Series Analysis. Heidelberg: Springer Science & Business Media, 2005.
   Google Scholar
• Maduonuorah, C. Crypto bankruptcies 2023: Top crypto exchange implosions. 2023. https://milkroad.com/bankruptcies (accessed June 14, 2023).
   Google Scholar
• Mai, F.; Shan, Z.; Bai, Q.; Wang, X.; and Chiang, R.H.L. How does social media impact Bitcoin value? A test of the silent majority hypothesis. Journal of Management Information Systems, 35, 1 (2018), 19–52.
   Web of Science ®Google Scholar
• Mallapragada, G.; Grewal, R.; and Lilien, G. User-generated open source products: Founder’s social capital and time to product release. Marketing Science, 31, 3 (2012), 474–492.
   Web of Science ®Google Scholar
• Medappa, P.K.; and Srivastava, S.C. Does superposition influence the success of FLOSS projects? An examination of open-source software development by organizations and individuals. Information Systems Research, 30, 3 (2019), 764–786.
   Web of Science ®Google Scholar
• Midha, V.; and Palvia, P. Factors affecting the success of open source software. Journal of Systems and Software, 85, 4 (2012), 895–905.
   Web of Science ®Google Scholar
• Mihov, V. Tracking GitHub activity of crypto projects - introducing a better approach. 2018. https://medium.com/santiment/tracking-github-activity-of-crypto-projects-introducing-a-better-approach-9fb1af3f1c32 (accessed June 14, 2023).
   Google Scholar
• Miller, M.H.; and Rock, K. Dividend policy under asymmetric information. The Journal of Finance, 40, 4 (1985), 1031–1051.
   Web of Science ®Google Scholar
• Mittal, A.; and Goel, A. Stock prediction using twitter sentiment analysis. Working paper. Stanford University, CS229, 2012.
   Google Scholar
• Moqri, M.; Qiu, L.; Bandyopadhyay, S.; and Horowitz, I. The effect of “following” on contributions to open source communities. Journal of Management Information Systems, 35, 4 (2018), 1188–1217.
   Web of Science ®Google Scholar
• Morck, R.; Shleifer, A.; and Vishny, R.W. Do managerial objectives drive bad acquisitions? The Journal of Finance, 45, 1 (1990), 31.
   Web of Science ®Google Scholar
• Mulders, M. 10 keys for evaluating Initial Coin Offering (ICO) investments. 2019. https://cryptopotato.com/10-keys-evaluating-initial-coin-offering-ico-investments/ (accessed June 14, 2023).
   Google Scholar
• Munson, J.C. Software faults, software failures and software reliability modeling. Information and Software Technology, 38, 11 (1996), 687–699.
   Web of Science ®Google Scholar
• Nagle, F. Open source software and firm productivity. Management Science, 65, 3 (2018), 1191–1215.
   Web of Science ®Google Scholar
• Nagle, F. Learning by contributing: Gaining competitive advantage through contribution to crowdsourced public goods. Organization Science, 29, 4 (2018), 569–587.
   Web of Science ®Google Scholar
• Pu, J.; Nian, T.; Qiu, L.; and Cheng, H.K. Platform policies and sellers’ competition in agency selling in the presence of online quality misrepresentation. Journal of Management Information Systems, 39, 1 (2022), 159–186.
   Web of Science ®Google Scholar
• Q.ai. What really happened to LUNA crypto? In Forbes, 2022. https://www.forbes.com/sites/qai/2022/09/20/what-really-happened-to-luna-crypto/?sh=371d7f8e4ff1 (accessed June 14, 2023).
   Google Scholar
• Rapoza, K. The rise of the “new blockchains”. Where are investors and developers turning? In Forbes, 2022. https://www.forbes.com/sites/kenrapoza/2022/01/17/the-rise-of-the-new-blockchains-where-are-investors-and-developers-turning/?sh=368d376c1425 (accessed June 14, 2023).
   Google Scholar
• Rindova, V.P.; Williamson, I.O.; Petkova, A.P.; and Sever, J.M. Being good or being known: An empirical examination of the dimensions, antecedents, and consequences of organizational reputation. Academy of Management Journal, 48, 6 (2005), 1033–1049.
   Web of Science ®Google Scholar
• Roberts, J.A.; Hann, I.-H.; and Slaughter, S.A. Understanding the motivations, participation, and performance of open source software developers: A longitudinal study of the Apache projects. Management Science, 52, 7 (2006), 984–999.
   Web of Science ®Google Scholar
• Rohr, J.; and Wright, A. Blockchain-based token sales, Initial Coin Offerings, and the democratization of public capital markets. Hastings Law Journal, 70, (2019), 463–524.
   Web of Science ®Google Scholar
• Ross, S.A. The determination of financial structure: The incentive-signalling approach. The Bell Journal of Economics, 8, 1 (1977), 23–40.
   Google Scholar
• Ross, S.A. Disclosure regulation in financial markets: Implications of modern finance theory and signaling theory. Issues in Financial Regulation, 5, 1979 (1979), 177–202.
   Google Scholar
• Schaffer, M.E.; and Stillman, S. XTOVERID: Stata module to calculate tests of overidentifying restrictions after xtreg, xtivreg, xtivreg2, xthtaylor. 2006. https://ideas.repec.org/c/boc/bocode/s456779.html%5C (accessed June 14, 2023).
   Google Scholar
• Sen. Lummis, C.M. [R-WY]. S.4356-117th Congress (2021-2022): Lummis-Gillibrand Responsible Financial Innovation Act. 2022.
   Google Scholar
• Setia, P.; Rajagopalan, B.; Sambamurthy, V.; and Calantone, R. How peripheral developers contribute to open-source software development. Information Systems Research, 23, 1 (2010), 144–163.
   Web of Science ®Google Scholar
• Shaikh, M.; and Vaast, E. Folding and unfolding: Balancing openness and transparency in open source communities. Information Systems Research, 27, 4 (2016), 813–833.
   Web of Science ®Google Scholar
• Shiller, R. Stock prices and social dynamics. Brookings Papers on Economic Activity, 2, (1984), 457–510.
   Google Scholar
• Shrestha, P.; Sathanur, A.; Maharjan, S.; Saldanha, E.; Arendt, D.; and Volkova, S. Multiple social platforms reveal actionable signals for software vulnerability awareness: A study of GitHub, Twitter and Reddit. PLOS ONE, 15, 3 (2020), e0230250.
   PubMed Web of Science ®Google Scholar
• Singh, P.V.; Tan, Y.; and Mookerjee, V. Network effects: The influence of structural capital on open source project success. MIS Quarterly, 35, 4 (2011), 813–829.
   Web of Science ®Google Scholar
• Sorescu, A.; Shankar, V.; and Kushwaha, T. New product preannouncements and shareholder value: Don’t make promises you can’t keep. Journal of Marketing Research, 44, 3 (2007), 468–489.
   Web of Science ®Google Scholar
• Spence, M. Job market signaling. The Quarterly Journal of Economics, 87, 3 (1973), 355–374.
   Web of Science ®Google Scholar
• Staiger, D.; and Stock, J.H. Instrumental variables regression with weak instruments. Econometrica, 65, 3 (1997), 557–586.
   Web of Science ®Google Scholar
• Statista. Blockchain.com wallets 2011–2022. 2023. https://www.statista.com/statistics/647374/worldwide-blockchain-wallet-users/ (accessed June 14, 2023).
   Google Scholar
• Stock, J.H.; and Watson, M.W. Vector autoregressions. Journal of Economic Perspectives, 15, 4 (2001), 101–115.
   Web of Science ®Google Scholar
• Strzalkowski, T.; Harrison, T.; Sa, N.; Katsios, G.; and Khoja, E. GitHub as a social network. Advances in Intelligent Systems and Computing, 787, (2019), 379–390.
   Google Scholar
• Sweeney, J.L. Quality, commodity hierarchies, and housing markets. Econometrica, 42, 1 (1974), 147.
   Web of Science ®Google Scholar
• Temizkan, O.; and Kumar, R.L. Exploitation and exploration networks in open source software development: An artifact-level analysis. Journal of Management Information Systems, 32, 1 (2015), 116–150.
   Web of Science ®Google Scholar
• Urquhart, A.; and Zhang, H. Is Bitcoin a hedge or safe haven for currencies? An intraday analysis. International Review of Financial Analysis, 63, (2019), 49–57.
   Web of Science ®Google Scholar
• Vitharana, P.; King, J.; and Chapman, H.S. Impact of internal open source development on reuse: Participatory reuse in action. Journal of Management Information Systems, 27, 2 (2010), 277–304.
   Web of Science ®Google Scholar
• Walch, A. In code(rs) we trust: Software developers as fiduciaries in public blockchains. In Philipp Hacker, Ioannis Lianos, Georgios Dimitropoulos and Stefan Eich (eds.), Regulating Blockchain. Techno-Social and Legal Challenges. Cambridge, UK: Oxford University Press, 2019.
   Google Scholar
• Wasko, M.; and Faraj, S. “It is what one does”: Why people participate and help others in electronic communities of practice. The Journal of Strategic Information Systems, 9, 2–3 (2000), 155–173.
   Web of Science ®Google Scholar
• Wooldridge, J.M. Econometric Analysis of Cross Section and Panel Data. Cambridge, MA: MIT Press, 2010.
   Google Scholar
• Yermack, D. Is bitcoin a real currency? An economic appraisal. In D.B.T.-H. of D.C. Lee Kuo Chuen (eds.), The Handbook of Digital Currency. San Diego, CA: Academic Press, 2015, pp. 31–43.
   Google Scholar