Risk-Return relationship. The case of Blockchain technology and the crypto-market

Keywords :

• Blockchain
• crypto-assets
• pricing
• risk-return relationship
• finance

This thesis focuses on the risk-return relationship. It aims to uncover the determinants of financial returns in the crypto-market. More specifically, we begin this thesis by investigating the unique risks Blockchain-based assets incur (e.g., cryptographic attacks, smart contract attacks, and other technological vulnerabilities), risks that might be the source of the market’s inherent volatility. With the idea of exploring Blockchain-specific risks, this thesis also encloses an analysis of the impact of technological events on crypto-assets’ financial characteristics.  Additionally, it exposes the diversity of crypto-assets and their implications for asset pricing.

President:

Prof. Enjorlas Geoffroy (Université Grenoble Alpes )

Directors:

• Prof. Sonia Jimenez-Garces (Université Grenoble Alpes, Grenoble INP )
• Prof. Jean-Guillaume Dumas (Université Grenoble Alpes, Grenoble INP )

Raporteurs:

• Prof. William Knottenbelt (Imperial College London )
• MC Iryna Veryzhenko (CNAM Paris )

Examinators:

• MC Pascal Lafourcade (Université Clermont Auvergne )