School of Management
Hier findest du die Arbeiten, die unter der School of Management seit 2022 verfasst wurden. Diese sind nach den einzelnen Lehrstühlen geordnet.
Lehrstuhl für Strategy and Organization
Current Business Models in Decentralized Autonomous Organizations (2023)
With the rapid rise of Web3 (the third generation of the internet), research on Decentralized Autonomous Organizations (DAOs) has also increased. However, this research area is still missing an analysis of the business models of DAOs. In this paper, we address this research gap, by analyzing the current business models of the top 20 DAOs – considering their representative function, with the Business Model Canvas (BMC) Concept. We discovered that DAOs lack sustainable revenue streams and instead depend on volatile factors. In addition, the key partner is simultaneously a fraction of the customer segment, enabling a new way to align incentives and contributing to a community-centered type of business model. Moreover, the value proposition of every DAO analyzed is centered around creating value in Web3. For future research, we suggest comparing the business models of DAOs to conventional Web2 (current internet) companies.
– Jan Chen, WHG
Lehrstuhl für Wirtschaftsrecht und Geistiges Eigentum
Der koordinierte Kauf der GameStop-Aktie – Marktmanipulation nach europäischem Kapitalmarktrecht (2022)
The following case study examines the short squeeze of the US company GameStop that occurred in January 2021. With the help of the EU Market Abuse Regulation, it is evaluated what kind and to what extent a market manipulation has taken place in this specific case. Furthermore, the effects of the previous short squeeze of Volkswagen in October 2008 are taken into account to aid the understanding of this new case. To demonstrate the arguments in favor of the existence of market manipulation, posts such as YouTube videos or Tweets that resemble the voicing of an opinion, are inspected closely. The importance of the conducted research lies in the fact that the short squeeze can be traced back to a large number of private investors that decided to save the heavily shorted GameStop stock by using social media networks as a means of coordinating the purchase of the stock. This kind of intervention by private investors is an unseen phenomenon and thereby imposes a great opportunity for research in the field of capital markets law.
– Alexej Zolotukhin, WHG