Showing 1 - 10 of 83
We use equity crowdfunding data to ask how fundraising amounts can be explained by what entrepreneurs ask for, versus … what investors want to invest. The analysis exploits unique features of crowdfunding where entrepreneurs not only set …
Persistent link: https://www.econbiz.de/10012862841
A long literature has examined the effects of the price of giving - that is, the amount an in-dividual must give for one dollar to accrue to the charitable activity itself - on donative behavior. We use data from DonorsChoose.org, an online platform linking teachers with prospective donors, that...
Persistent link: https://www.econbiz.de/10013063824
This paper explores how entrepreneurs can use initial coin offerings — whereby they issue crypto tokens and commit to only accept those tokens as payment for their products — to fund venture start-up costs. We show that the ICO mechanism allows entrepreneurs to generate buyer competition for...
Persistent link: https://www.econbiz.de/10012924464
Crowdfunding may provide much-needed financial resources, yet there is little systematic evidence on the potential of … crowdfunding for scientific research. We first briefly review prior research on crowdfunding and give an overview of dedicated … platforms for crowdfunding research. We then analyze data from over 700 campaigns on the largest dedicated platform, Experiment …
Persistent link: https://www.econbiz.de/10012925262
public offerings, venture capital, and pre-sale crowdfunding. In a sample of more than 1,500 ICOs that collectively raise $12 …
Persistent link: https://www.econbiz.de/10012915642
Can peer-to-peer lending (P2P) crowdfunding disintermediate and mitigate information frictions in lending such that …
Persistent link: https://www.econbiz.de/10013029036
, the recent rise of crowdfunding - raising capital from many people through an online platform - which offers little … initially startling. On the eve of launching equity-based crowdfunding, a new market for early-stage finance in the U.S., we … transaction costs, reputation, and market design, can explain the rise of non-equity crowdfunding and offer a framework for …
Persistent link: https://www.econbiz.de/10013063674
Perhaps the most striking feature of "crowdfunding" is the broad geographic dispersion of investors in small, early …-sensitive costs. We examine a crowdfunding setting that connects artist-entrepreneurs with investors over the internet for financing …
Persistent link: https://www.econbiz.de/10013068501
We review an empirical literature that studies the role of social interactions in driving economic and financial decision making. We first summarize recent work that documents an important role of social interactions in explaining household decisions in housing and mortgage markets. This...
Persistent link: https://www.econbiz.de/10013406071
main effect: a sharp rise in innovative projects posted on a major crowdfunding platform when colleges are on break. Next … mundane, execution-oriented tasks, such as those associated with launching a crowdfunding campaign (e.g., administration …
Persistent link: https://www.econbiz.de/10013023339