Decentralized Autonomous Organization Governance

The authors are grateful to Jaewan Bae, Patrick Bolton, Will Cong, Zhiguo He, Huisu Jang, Roman Kozhan, Alfred Lehar, Doron Levit, Ye Li, Yukun Liu, Nadya Malenko, Radoslawa Nikolowa, Andreas Park, David Skeie, Kevin Tseng, Ganesh Viswanath-Natraj, Neng Wang, and seminar participants at the Crypto and Blockchain Economics Research Symposium: DAOs and DEXs, the 28th Finance Theory Group Meeting, the Warwick Business School Gillmore Centre Conference on DeFi & Digital Currencies, the National University of Singapore–Sungkyunkwan University FinTech Seminar Series, the Korea Finance Association–Taiwan Finance Association Joint Conference, Korea’s Allied Economic Associations Annual Meeting, the 2024 Conference on Asia-Pacific Financial Markets, Seoul National University (Economics), and Tsinghua University for their helpful comments and suggestions. The authors also thank Yuri An, Jason Gomes, Chunghyun Han, Doyeon Kim, Yoonseok Park, and Qishu Wang for their excellent research assistance.