from crowd-funding platforms. After developing the theoretical background we find statistically significant switch points …

from crowd-funding platforms. After developing the theoretical background we find statistically significant switch points …

The present research investigates certification effects and rational herding in reward based crowdfunding (RBCF … and rational herding. Contributions from expert backers are perceived as positive quality signals by potential future …

Do equity crowdfunding investors rationally or irrationally herd? We build a model of rational information aggregation … compare the predictions of the model to several alternative models of irrational herding and no herding, and test those … predictions using data on all investments on a leading European equity crowdfunding platform. We show empirically that the size …