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Local preferences and the allocation of attention in equity-based crowdfunding
Bade, Marco; Walther, Martin - In: Review of Managerial Science 15 (2021) 8, pp. 2501-2533
This study examines drivers of investment probability in equity-based crowdfunding using a hand-collected and … literature on other crowdfunding markets. Extending recent research, we study moderators of local preferences of investors. Novel …
Persistent link: https://www.econbiz.de/10014502007
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Are sustainability-oriented investors different? : evidence from equity crowdfunding
Hornuf, Lars; Stenzhorn, Eliza; Vintis, Tim - 2020
In this article, we examine how investor motives affect investment behavior in equity crowdfunding. In particular, we … compare the investment behavior of sustainability-oriented with ordinary crowd investors on six leading equity crowdfunding … Dorfleitner et al. (2019). In general, we find evidence of a default shock in equity crowdfunding that occurs immediately after …
Persistent link: https://www.econbiz.de/10012226560
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Household preferences for investing in crowdfunding
Ciobotaru, Laurentiu-Cristian; Kim, Sul; Soest, Arthur van - In: De economist : quarterly review of the Royal … 169 (2021) 4, pp. 499-522
Persistent link: https://www.econbiz.de/10012651525
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Investors’ Industry Preference in Equity Crowdfunding
Johan, Sofia; Zhang, Yelin - 2021
Equity Crowdfunding Online Portals offer access to investors, resources and fundraising support to numerous equity … crowdfunding projects from different industry sectors. In this context, we study investors’ preferences of equity crowdfunding … industries in equity crowdfunding. A new business valuation method in equity crowdfunding is introduced to facilitate our …
Persistent link: https://www.econbiz.de/10013217475
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The local bias in equity crowdfunding : behavioral anomaly or rational preference?
Hornuf, Lars; Schmitt, Matthias; Stenzhorn, Eliza - In: Journal of economics & management strategy : JEMS 31 (2022) 3, pp. 693-733
Persistent link: https://www.econbiz.de/10013463313
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Determination of factors affecting individual investor behaviours : a study on bankers
Islamoğlu, Mehmet; Apan, Mehmet; Ayvali, Adem - In: International journal of economics and financial issues … 5 (2015) 2, pp. 531-543
Persistent link: https://www.econbiz.de/10011453654
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Empirical pricing kernels and investor preferences
Detlefsen, Kai (contributor); Härdle, Wolfgang (contributor) - 2007
This paper analyzes empirical market utility functions and pricing kernels derived from the DAX and DAX option data for three market regimes. A consistent parametric framework of stochastic volatility is used. All empirical market utility functions show a region of risk proclivity that is...
Persistent link: https://www.econbiz.de/10003633572
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From animal baits to investors' preference : estimating and demixing of the weight function in semiparametric models for biased samples
Ritov, Ya'acov (contributor); Härdle, Wolfgang (contributor) - 2007
We consider two semiparametric models for the weight function in a bias sample model. The object of our interest parametrizes the weight function, and it is either Euclidean or non Euclidean. One of the models discussed in this paper is motivated by the estimation the mixing distribution of...
Persistent link: https://www.econbiz.de/10003633700
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Statistics of risk aversion
Giacomini, Enzo (contributor); Härdle, Wolfgang (contributor) - 2007
Persistent link: https://www.econbiz.de/10003633711
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Testing monotonicity of pricing Kernels
Golubev, Yuri (contributor); Härdle, Wolfgang (contributor) - 2008
The behaviour of market agents has always been extensively covered in the literature. Risk averse behaviour, described by von Neumann and Morgenstern (1944) via a concave utility function, is considered to be a cornerstone of classical economics. Agents prefer a fixed profit over uncertain...
Persistent link: https://www.econbiz.de/10003635940