Plus Token and investor searching behaviour – A cryptocurrency Ponzi scheme-Reference-Cited by-同舟云学术

Plus Token and investor searching behaviour – A cryptocurrency Ponzi scheme

Published:2023-07-17 Issue:4 Volume:63 Page:4713-4728
ISSN:0810-5391
Container-title:Accounting & Finance
language:en
Short-container-title:Accounting & Finance

Author:

Zhang Shuyu¹^ORCID,Zhang Dunli²^ORCID,Zheng Jianming³,Aerts Walter⁴,Xu Dandan⁵

Affiliation:

1. School of International Economics and Management Beijing Technology and Business University Beijing China

2. School of Accounting Zhongnan University of Economics and Law Wuhan China

3. School of Business University of International Business and Economics Beijing China

4. Department of Accountancy and Finance, Faculty of Applied Economics University of Antwerp Antwerp Belgium

5. Beijing Technology and Business University Beijing China

Abstract

AbstractIn July 2020, the Chinese government warned that the Plus Token was a Ponzi scheme based on blockchain. More than 200 million investors were involved in this scam. We investigate how investors' search behaviour is associated with their decision making. We find that the bitcoin bag of words Baidu index is positively and significantly related to bitcoins transferred to Plus Token addresses, suggesting that public prominence of searches about bitcoin and blockchain tends to be related to investor decisions regarding the Plus Token project.

Publisher

Wiley

Subject

Economics, Econometrics and Finance (miscellaneous),Finance,Accounting

Link

https://onlinelibrary.wiley.com/doi/pdf/10.1111/acfi.13128

Reference22 articles.

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4. In Search of Attention

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