Editors

Editors:

Wolfgang Karl Härdle (Editor-in-Chief)
Humboldt University of Berlin
Blockchain Research Center
Department of Economics and Business Administration
Germany
haerdle@hu-berlin.de

Min Dai
The Hong Kong Polytechnic University
Hong Kong SAR
mindai@polyu.edu.hk

Steven Kou
Boston University
Questrom School of Business
MA, USA
kou@bu.edu



Advisory Board:
David Kuo Chuen Lee, Ferrel Asia Fund, Singapore
Jochen Papenbrock, Firamis GmbH, Oberursel, Germany
Frank Schwab, Fidor Bank Tec AG, Frankfurt, Germany
Hitoshi Sakamoto, Three One Systems Inc., Tokyo, Japan

Editorial Board:
Lennart Ante, Blockchain Research Lab gGmbH, Hamburg, Germany
Jozef Barunik, Charles University, Prague, Czech Republic
Souhir Ben Amor, Humboldt University of Berlin, Germany
Ning Cai, Hong Kong University of Science and Technology, Hong Kong SAR
Cathy Yi-Hsuan Chen, University of Glasgow, UK
Nan Chen, Chinese University of Hong Kong, Hong Kong SAR
Ying Chen, National University of Singapore, Singapore
Kim-Kwang Raymond Choo, University of Texas at San Antonio, USA
Primavera De Filippi, Harvard University, Cambridge, MA, USA
Robert H. Deng, Singapore Management University, Singapore
Luca Di Persio, University of Verona, Italy
Matthias Fengler, University of St. Gallen, Switzerland
Rod Garratt, University of California at Santa Barbara, CA, USA
Kay Giesecke, Stanford University, CA, USA
Christian Hafner, Université Catholique de Louvain, Belgium
Xuedong He, Chinese University of Hong Kong, Hong Kong SAR
Thorsten Hens, University of Zurich, Switzerland
Ruimeng Hu, University of California at Santa Barbara, CA, USA
Petre Lameski, Sts Cyril and Methodius University, Skopje, North Macedonia
Stefan Lessmann, Humboldt University of Berlin, Germany
Wei Li, National University of Singapore, Singapore
Yingxing Li, Xiamen University, China
Oliver Linton, University of Cambridge, UK
Qingfu Liu, Fudan University, China
Daniele Marazzina, Polytechnic University of Milan, Italy
Ignacio Mas, University of Oxford, UK
Anne-Laure Mention, RMIT University, Melbourne, VIC, Australia
Stanimira Milcheva, University College London, UK
Jens Perch Nielsen, City University of London, UK
Ostap Okhrin, Dresden University of Technology, Germany
Joerg Osterrieder, University of Twente, Enschede, The Netherlands
Natalie Packham, Berlin School of Economics and Law, Germany
Daniel Traian Pele, Bucharest University of Economic Studies, Romania
Markus Pelger, Stanford University, CA, USA
Xianhua Peng, Peking University, China
Alla Petukhina, Humboldt University of Berlin, Germany
Valerio Potí, University College Dublin, Blackrock, Ireland
Simon JD Schillebeekx, Singapore Management University, Singapore
Peter Schwendner, Zurich University of Applied Sciences, Switzerland
Gustavo Schwenkler, Santa Clara University, CA, USA
Huei-Wen Teng, National Yang Ming Chiao Tung University, Hsinchu, Taiwan R.O.C. 
Ernie G. S. Teo, Singapore Management University, Singapore
Marko Torkkeli, Lappeenranta University of Technology, Kouvela, Finland
Simon Trimborn, City University of Hong Kong, Hong Kong SAR
Weining Wang, University of York, UK
Uwe Wystup, MathFinance AG, Frankfurt, Germany
Chen Yang, Chinese University of Hong Kong, Hong Kong SAR
David L. Yermack, New York University, NY, USA
Philip Yu, University of Hong Kong, Hong Kong SAR
Eftim Zdravevski, Sts Cyril and Methodius University, Skopje, North Macedonia
Florian Ziel, University of Duisburg-Essen, Essen, Germany
Sasa Zikovic, University of Rijeka, Croatia