KODAKCoin: a blockchain revolution or exploiting a potential cryptocurrency bubble?

Shaen Corbet, Charles Larkin, Brian Lucey, Larisa Yarovaya

Research output: Contribution to journalArticlepeer-review

38 Citations (SciVal)


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 languageEnglish
Pages (from-to)518-524
Number of pages7
JournalApplied Economics Letters
Issue number7
Early online date4 Jul 2019
Publication statusPublished - 15 Apr 2020

Bibliographical note

Publisher Copyright:
© 2019, © 2019 Informa UK Limited, trading as Taylor & Francis Group.


  • Cryptocurrencies
  • KODAKCoin
  • Kodak
  • digital assets

ASJC Scopus subject areas

  • Economics and Econometrics


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