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Membership platforms allow creators to crowdfund a monthly income, while campaigns on conventional reward crowdfunding … biggest membership platform, to gain insights about behavioral patterns at this emerging type of crowdfunding. Our analysis … a creator at any time serves as a feedback mechanism. We conclude that crowdfunding a monthly income offers the creative …
Persistent link: https://www.econbiz.de/10012389627
We study the determinants of borrowers' default in P2P lending with a new data set consisting of 70,673 loan observations from Lending Club. Previous research identified a number of default determining variables but did not distinguish between different loan risk levels. We define four loan risk...
Persistent link: https://www.econbiz.de/10011580464
Crowdinvesting emerged recently as an alternative way of funding for start-up projects. Our dataset consists of all pledges made at Companisto, one of the largest crowdinvesting platforms in Europe. Using cluster analysis based on individual investment histories, we find that crowdinvestors...
Persistent link: https://www.econbiz.de/10011985513
announcements and assessments of major projects in Africa suggest that China has already overtaken the World Bank in lending to … Africa. In this article, we analyze China’s aid policy in Africa from a political economy perspective. We show that China … advantages of the People’s Republic, especially in unstable nations and "rough" states. China’s engagement in Africa causes …
Persistent link: https://www.econbiz.de/10005090499
Entrepreneurs are found to have balanced skill sets and most have worked in small firms before starting their own business. In light of this, we compare the skill sets of employees working in businesses of different size to the skill sets of entrepreneurs using a rich data set on the applied...
Persistent link: https://www.econbiz.de/10009131067
We investigate the effect of broad personality traits-the Big Five-on an individual's decision to become self- employed. In particular, we test an overall indicator of the entrepreneurial personality. Since we find that the level of self-employment varies considerably across professions, we also...
Persistent link: https://www.econbiz.de/10008690101
Mounting empirical evidence shows that kids of self-employed parents are very likely to become entrepreneurs themselves. These findings are often attributed to the intergenerational transmission of parental norms and values. However, many papers in the field are not that explicit about parental...
Persistent link: https://www.econbiz.de/10010686909
There already exists broad literature investigating small and innovative firms in many respects. However, there have been few attempts to assess this group of firms' propensity to patent or its patenting activities. This paper intends to fill that gap. By applying a new approach to account for...
Persistent link: https://www.econbiz.de/10010661183
suggests that entrepreneurship is a key driver of economic development, and one that has long-run effects. …
Persistent link: https://www.econbiz.de/10011143965
entrepreneurship in Germany between 1991 and 2011, the first two decades after reunification. We investigate the socio …
Persistent link: https://www.econbiz.de/10009421461