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KODAKCoin: a blockchain revolution or exploiting a potential cryptocurrency bubble?

Corbet, Shaen ORCID: 0000-0001-7430-7417, Larkin, Charles ORCID: 0000-0002-0352-2504, Lucey, Brian ORCID: 0000-0002-4052-8235 and Yarovaya, Larisa ORCID: 0000-0002-9638-2917 (2020) KODAKCoin: a blockchain revolution or exploiting a potential cryptocurrency bubble? Applied Economics Letters, 27 (7). pp. 518-524. ISSN 1350-4851

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Abstract

Eastman Kodak is an American technology company that produces imaging products. In 2018, it announced its intentions to enter the crytpocurrency market, raising concerns that it could be taking advantage of a potential cryptocurrency bubble for short-term gains. We analyse the relationships between Kodak, crytocurrency and stock market index returns. We find evidence of a significant, sustained increase in both the share price and price volatility of Kodak after the KODAKCoin announcement, with an increased correlation between the price of Kodak shares and Bitcoin.

Item Type:Article (Published)
Refereed:Yes
Uncontrolled Keywords:Cryptocurrencies; Digital Assets; GARCH; Kodak; KODAKCoin
Subjects:Business > Finance
DCU Faculties and Centres:DCU Faculties and Schools > DCU Business School
Publisher:Taylor & Francis
Official URL:http://dx.doi.org/10.1080/13504851.2019.1637512
Copyright Information:© 2020 Taylor & Francis.
Use License:This item is licensed under a Creative Commons Attribution-NonCommercial-Share Alike 3.0 License. View License
ID Code:25048
Deposited On:01 Oct 2020 11:50 by Thomas Murtagh . Last Modified 01 Oct 2020 11:50

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