(small) investors to commit financial resources in an equity crowdfunding context. We examine the impact of venture quality …

(small) investors to commit financial resources in an equity crowdfunding context. We examine the impact of venture quality …

Crowdfunding has mostly been used to finance very unique projects. Recently, however, companies have begun using it to … finance more traditional products where they compete against other sellers of similar products. Major crowdfunding platforms … where two competing firms can use crowdfunding prior to direct sales. The model provides several implications that have not …

positive consequences of the new crowdfunding laws for the capital markets and for the crowd in general but has only limited … analysis on the prospect of adverse wealth effects of crowdfunding for the crowd investors. A limited number of existing … crowdfunding for the crowd in a setting that focuses on information asymmetry between non-accredited crowd investors and accredited …