关于不可流通代币收益决定因素的说明

IF 2.8 3区经济学 Q2 BUSINESS, FINANCE

International Journal of Finance & Economics Pub Date : 2024-05-30 DOI:10.1002/ijfe.3008

Theodore Panagiotidis, Georgios Papapanagiotou

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引用次数: 0

摘要

我们的目标是确定不可流通代币（NFTs）收益的决定因素。我们研究了基于价格、交易量和市值的 10 种最受欢迎的 NFT。我们考虑了每种 NFT 回报的 23 个潜在驱动因素。我们采用了贝叶斯 LASSO 模型，该模型考虑了随机波动性和杠杆效应。结果表明，NFT 的收益主要受波动率和以太坊收益的驱动。我们发现，NFTs 收益与传统资产（如股票、石油和黄金市场）之间的联系较弱。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

A note on the determinants of non-fungible tokens returns

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A note on the determinants of non-fungible tokens returns

We aim to identify the determinants of non-fungible tokens (NFTs) returns. The 10 most popular NFTs based on their price, trading volume, and market capitalisation are examined. Twenty-three potential drivers of the returns of each NFT are considered. We employ a Bayesian LASSO model which takes into account stochastic volatility and leverage effect. The results indicate that NFTs returns are primarily driven by volatility and ethereum returns. We find a weak connection between NFTs returns and conventional assets, such as stock, oil, and gold markets.

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来源期刊

International Journal of Finance & Economics BUSINESS, FINANCE-

CiteScore

5.70

自引率

6.90%

发文量

143