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C-level managers and born-digitals' scaling : The case of Initial Coin Offerings (ICOs)

Gartner, Johannes LU and Moro, Andrea LU (2024) In Technological Forecasting and Social Change 198.
Abstract

This research contributes to the Management of Technology (MOT) literature by scrutinizing the interrelation between education, experience, and the scaling aptitudes of high-tech companies. The study hinges on a comprehensive analysis of data collected from 1987 C-level executives and 3644 born-digital firms that pursued funding via blockchain-based Initial Coin Offerings (ICOs). Employing structural equation modeling, we systematically tested our hypotheses, contrasting the scaling trajectories of companies that successfully procured funding against those that fell short. Our findings reveal that amongst the diverse managerial competencies, only the leadership acumen of CEOs plays an important role in fostering the scaling of... (More)

This research contributes to the Management of Technology (MOT) literature by scrutinizing the interrelation between education, experience, and the scaling aptitudes of high-tech companies. The study hinges on a comprehensive analysis of data collected from 1987 C-level executives and 3644 born-digital firms that pursued funding via blockchain-based Initial Coin Offerings (ICOs). Employing structural equation modeling, we systematically tested our hypotheses, contrasting the scaling trajectories of companies that successfully procured funding against those that fell short. Our findings reveal that amongst the diverse managerial competencies, only the leadership acumen of CEOs plays an important role in fostering the scaling of tech-companies across the spectrum, leaving the proficiencies of CFOs and CTOs with negligible impact. More crucially, the competencies of a CEO magnify in importance in relation to a tech-company's scaling potential post the securing of funds. The insights gained from this study not only enrich the existing body of knowledge on scaling and ICOs within the MOT literature but also hold considerable practical value for crafting effective scaling strategies in the high-tech industry.

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author
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organization
publishing date
type
Contribution to journal
publication status
published
subject
keywords
Born-digital, Initial Coin Offering (ICO), Management of Technology, Scaling
in
Technological Forecasting and Social Change
volume
198
article number
122943
publisher
Elsevier
external identifiers
  • scopus:85175057537
ISSN
0040-1625
DOI
10.1016/j.techfore.2023.122943
language
English
LU publication?
yes
id
950c519f-cbf0-466f-b1c8-ecb9a1e3a4aa
date added to LUP
2023-12-08 14:43:45
date last changed
2023-12-08 14:49:31
@article{950c519f-cbf0-466f-b1c8-ecb9a1e3a4aa,
  abstract     = {{<p>This research contributes to the Management of Technology (MOT) literature by scrutinizing the interrelation between education, experience, and the scaling aptitudes of high-tech companies. The study hinges on a comprehensive analysis of data collected from 1987 C-level executives and 3644 born-digital firms that pursued funding via blockchain-based Initial Coin Offerings (ICOs). Employing structural equation modeling, we systematically tested our hypotheses, contrasting the scaling trajectories of companies that successfully procured funding against those that fell short. Our findings reveal that amongst the diverse managerial competencies, only the leadership acumen of CEOs plays an important role in fostering the scaling of tech-companies across the spectrum, leaving the proficiencies of CFOs and CTOs with negligible impact. More crucially, the competencies of a CEO magnify in importance in relation to a tech-company's scaling potential post the securing of funds. The insights gained from this study not only enrich the existing body of knowledge on scaling and ICOs within the MOT literature but also hold considerable practical value for crafting effective scaling strategies in the high-tech industry.</p>}},
  author       = {{Gartner, Johannes and Moro, Andrea}},
  issn         = {{0040-1625}},
  keywords     = {{Born-digital; Initial Coin Offering (ICO); Management of Technology; Scaling}},
  language     = {{eng}},
  publisher    = {{Elsevier}},
  series       = {{Technological Forecasting and Social Change}},
  title        = {{C-level managers and born-digitals' scaling : The case of Initial Coin Offerings (ICOs)}},
  url          = {{http://dx.doi.org/10.1016/j.techfore.2023.122943}},
  doi          = {{10.1016/j.techfore.2023.122943}},
  volume       = {{198}},
  year         = {{2024}},
}