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 …

Can peer-to-peer lending (P2P) crowdfunding disintermediate and mitigate information frictions in lending such that …

, 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 …

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 …

-sale crowdfunding. We examine the relationship between issuer characteristics and measures of success, with a focus on liquidity, using …

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 …

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 …