Research

fintech researchOur goal is to act as a neutral provider of high-quality academic research on FinTech and cryptocurrency disruption. We analyze data to craft papers that contribute both to theory in the social sciences to and practitioner knowledge.

Data collection

Without good data, there is no good FinTech research. In 2014, our first objective was to collect data on the rise of bitcoin and cryptocurrencies:

  • Qualitative and quantitative data comparing the evolution of regulation and media perception regarding bitcoin in five countries since 2009 (US, UK, Canada, Mainland China, Hongkong)
  • Daily market data on roughly fifty cryptocurrencies since their creation
  • Fine-grained data on media visibility and social acceptance of cryptocurrencies over time
  • Data on business adoption of cryptocurrency and entrepreneurial activity in the bitcoin ecosystem
FinTech research papers

We are now exploiting these data to develop research papers and provide actionable results to bitcoin users, entrepreneurs and regulators.

1/ Categorical anarchy in the UK? British media’s classification of bitcoin and the limits of categorization (JP Vergne & G Swain). Forthcoming at Research in the Sociology of Organizations [download]

Whether bitcoin is classified as “currency”, “asset” or “commodity” changes everything for users, entrepreneurs, merchants, and tax payers! This study examines systematically how bitcoin has been categorized in the British media since 2009 to understand how classification shapes the future of the cryptocurrency industry.

2/ Wang, S., Vergne, J-P., 2017, “Buzz Factor or Innovation Potential: What Explains Cryptocurrencies’ Returns?”, PLoS One, January 12(1): e0169556. doi:10.1371/journal.pone.0169556 [download]

Bitcoin is not the only decentralized cryptocurrency out there. What explains price fluctuations in cryptocurrencies? To provide an asnwer, this paper looks specifically at two types of factors—supply-side (developers) and demand-side (community visibility)—after controlling for traditional financial factors (e.g. liquidity). We find that the potential for technology innovation is the primary driver of cryptocurrencies’ price increases.

3/ The cryptocurrency market: Survival of the fittest? (Y Hsieh & JP Vergne). Draft in preparation.

Independent of price fluctutations, some cryptocurrencies manage to thrive for years, whereas others disappear after a few months. What are the factors explaining cryptocurrency survival?