Bade, Marco; Walther, Martin - In: Review of Managerial Science 15 (2021) 8, pp. 2501-2533
literature on other crowdfunding markets. Extending recent research, we study moderators of local preferences of investors. Novel … to the literature, we find that (1) local preferences are more pronounced in campaigns of younger ventures, (2) herding … information asymmetry and local preferences. Our findings have practical implications for entrepreneurs, investors and platforms. …