블록체인 투자에 관한 사건연구

An Event Study on Blockchain Investment

초록

This paper surveys recent trends of global blockchain industry and tries to confirm whether such tendency appears in Korea through empirical analysis. The major trends in the global blockchain industry presented by McKinsey are as follows. First, there is a possibility that the blockchain commercialization of the financial industry will fail to enter the second phase of the industrial life cycle. Second, there is a tendency that the blockchain business is active in the industries such as the distribution service and the manufacturing industry. Third, the uncertainty in the crypto-currency market is likely to increase the possibility of commercialization of blockchain in other industries. In order to confirm whether this type of blockchain trends exist in Korea, this paper conducted event studies of 176 block-chain investment announcements from 2014 to 2018. Based on this empirical analysis, this paper found that the main tendency of the global blockchain industry were partially appeared in Korea. The fact that the major trends in the global blockchain industry are domesticated in Korea helps to clarify the current complex and erroneous discussion on blockchain and crypto-currency.

키워드

블록체인사건연구이상수익률사건윈도우산업동향blockchainevent studyabnormal returnsevent windowindustry trends.
제목
블록체인 투자에 관한 사건연구
제목 (타언어)
An Event Study on Blockchain Investment
저자
이정환손삼호
DOI
10.37727/jkdas.2019.21.3.1295
발행일
2019-06
저널명
Journal of The Korean Data Analysis Society
21
3
페이지
1295 ~ 1308