Imperial College London
Portrait Picture

Dr Ying-Ying Hsieh

Business School

Assistant Professor of Innovation and Entrepreneurship
 
 
 
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Contact

 

+44 (0)20 7594 9163y.hsieh Website CV

 
 
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Location

 

292Business School BuildingSouth Kensington Campus

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Summary

 

Publications

Citation

BibTex format

@inbook{Hsieh:2017:10.4324/9781315211909,
author = {Hsieh, Y-Y and vergne, J-P and Wang, S},
booktitle = {Bitcoin and beyond. Cryptocurrencies, blockchains, and global governance},
doi = {10.4324/9781315211909},
editor = {Campbell-Verduyn},
pages = {48--68},
publisher = {Taylor & Francis Group},
title = {The internal and external governance of blockchain-based organizations: evidence from cryptocurrencies},
url = {http://dx.doi.org/10.4324/9781315211909},
year = {2017}
}
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RIS format (EndNote, RefMan)

TY  - CHAP
AB  - Blockchain technology proposes to create value by decentralizing the creation, verification, validation, and secure storage of economic transactions, both within and between organizations. The chapter provides deeper understanding of how these blockchain solutions would be operated and by whom. It focuses on decentralization as the key dimension by which organizational governance forms vary. The chapter utilizes theory on organizational and corporate governance to unpack how blockchain-based organizations operate. It examines the relationship between internal and external governance design features and cryptocurrency returns. Blockchain-based organizations such as cryptocurrencies compete with traditional economic institutions by proposing alternative forms of organizational governance. Demand for cryptocurrencies mainly stems from two sources: first, consumers and merchants using cryptocurrencies as a means of payment; and second, investors holding a cryptocurrency as an investment, hoping that the price will rise. Many cryptocurrencies were created from the open-source Bitcoin software code, and follow the same open-source development model.
AU  - Hsieh,Y-Y
AU  - vergne,J-P
AU  - Wang,S
DO  - 10.4324/9781315211909
EP  - 68
PB  - Taylor & Francis Group
PY  - 2017///
SN  - 9781315211909
SP  - 48
TI  - The internal and external governance of blockchain-based organizations: evidence from cryptocurrencies
T1  - Bitcoin and beyond. Cryptocurrencies, blockchains, and global governance
UR  - http://dx.doi.org/10.4324/9781315211909
UR  - http://hdl.handle.net/10044/1/81413
ER  -
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