Corporate Governance and Blockchains

  title={Corporate Governance and Blockchains},
  author={David Yermack},
  journal={ERN: Econometric Studies of Corporate Governance (Topic)},
  • D. Yermack
  • Published 1 December 2015
  • Business
  • ERN: Econometric Studies of Corporate Governance (Topic)
Blockchains represent a novel application of cryptography and information technology to ag-eold problems of financial record-keeping, and they may lead to far-reaching changes in corporate governance. Many major players in the financial industry have began to invest in this new technology, and stock exchanges have proposed using blockchains as a new method for trading corporate equities and tracking their ownership. This essay evaluates the potential implications of these changes for managers… 

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