Cryptocurrencies and finance theories / Abdul Quddoos Abdul Basith, Mohammed M Elgammal and Bana Abuzayed

Abdul Basith, Abdul Quddoos and Abuzayed, Bana and M Elgammal, Mohammed (2021) Cryptocurrencies and finance theories / Abdul Quddoos Abdul Basith, Mohammed M Elgammal and Bana Abuzayed. Asia-Pacific Management Accounting Journal (APMAJ), 16 (2): 51. pp. 315-365. ISSN (eISSN):2550-1631


Cryptocurrency (CCY) as a new key player in the currency system that has drawn the attention of scholars to examine its influence, relations and the opportunities that it may provide. However, a financial theoretical framework to connect CCY with financial theory is missing. This paper fills this gap by providing a review for the theoretical framework introduced in the literature to position CCY in investment and finance theories. This is done by studying the CCY literature and providing a critical feedback on the overall contributions in the area and possible venues for improvement. We report a need for a long-term analysis for CCY as this asset class is fairly new and sufficient data may not be available. Moreover, a better connection and linking with finance theories is required as it is significantly deficient. The promising potential of block chain/ CCY stresses the need for interdisciplinary research including business, legal and information technology disciplines. In addition, the Covid-19 pandemic opens the door for further research to investigate the role of CCY as a hedge in the times of crises.


Item Type: Article
Email / ID Num.
Abdul Basith, Abdul Quddoos
Abuzayed, Bana
M Elgammal, Mohammed
Subjects: H Social Sciences > HG Finance > Money
H Social Sciences > HG Finance > Financial management. Business finance. Corporation finance
Divisions: Universiti Teknologi MARA, Shah Alam > Accounting Research Institute (ARI)
Journal or Publication Title: Asia-Pacific Management Accounting Journal (APMAJ)
UiTM Journal Collections: UiTM Journal > Asia-Pacific Management Accounting Journal (APMAJ)
ISSN: (eISSN):2550-1631
Volume: 16
Number: 2
Page Range: pp. 315-365
Keywords: Digital ledger technology, cryptocurrency bitcoin, finance theory
Date: August 2021
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