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Institute for Economic Analysis (CSIC), Barcelona, Spain    — Advancing Economic Research for a Changing Society

IAE CSIC BSE

Common Ownership, Sustainability and Decentralized Finance

  • FINANCIAL ENTITY
    PID2021-128430NB-I00, Ministerio de Ciencia e Innovación
  • DURATION
    2022-2025
  • PERSONNEL INVOLVED
    Sjaak Hurkens, Ángel López

We propose two lines of research. In the first line we are interested in analyzing (i) the endogenous formation of common ownership structures, (ii) how common ownership affects the determination of the sequence of competition and the incentives for firms to adopt new technologies, and (iii) how different overlapping ownership structures in, on the one hand, producing companies that negatively affect the climate and the environment, and, on the other hand, companies that
rely on a protected climate and clean environments, affect the objectives and incentives of both industries and thereby affects sustainability. In the second line of research, we focus on the impact of blockchain technologies on markets and finance, and on the recent uprise of new ways of financing companies and startups, by-passing standard institutions as venture capitalists and (central) banks. We are interested in decentralized finance as in investment-based crowdfunding, where many small investors finance a company or project, and also in cryptocurrencies (and blockchain technologies), where many so-called miners or validators (under proof of stake consensus algorithm) certify transactions and compete with traditional banks and registries.