It is often assumed that entrepreneurs retain more control of their venture when they opt for equity crowdfunding as … by analysing the cash flow and control rights crowd investors receive in equity crowdfunding in Germany, where more … capital investment contracts are also used in equity crowdfunding contracts. We find that crowd investors are asked to pay …

In crowdfunding, start-ups can voluntarily communicate with their investors by posting updates. We investigate whether …-collected data of 751 updates and 39,036 investment decisions from the two major German equity crowdfunding portals Seedmatch and … Companisto. We find evidence for strategic communication behavior of startups during an equity crowdfunding campaign. During the …

Fraud in the reward-based crowdfunding market has been of concern to regulators, but it is arguably of greater … trust in the market, using a sample of more than 270,000 crowdfunding campaigns from 2010 through 2018 on Kickstarter. Our … results show that crowdfunding projects launched around the public announcement of a late and significant misconduct detection …

the special issue of Small Business Economics focus on crowdfunding (CF) and initial coin offerings (ICOs), which are two …