Chen, Liang; Huang, Zihong; Liu, De - In: Financial innovation : FIN 2 (2016) 19, pp. 1-18
Background: Crowdfunding has risen rapidly as a way of raising funds to support projects such as art projects, charity … projects, and new ventures. It is very important to understand how crowds in the crowdfunding market are organized to carry out … various activities. This study documents and compares two crowd designs for crowdfunding, namely pure crowds, where all crowd …