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.
| Original language | English |
|---|---|
| Pages (from-to) | 518-524 |
| Number of pages | 7 |
| Journal | Applied Economics Letters |
| Volume | 27 |
| Issue number | 7 |
| Early online date | 4 Jul 2019 |
| DOIs | |
| Publication status | Published - 15 Apr 2020 |
Bibliographical note
Publisher Copyright:© 2019, © 2019 Informa UK Limited, trading as Taylor & Francis Group.
Keywords
- Cryptocurrencies
- GARCH
- KODAKCoin
- Kodak
- digital assets
ASJC Scopus subject areas
- Economics and Econometrics