Hornuf, Lars; Stenzhorn, Eliza; Vintis, Tim - 2020
In this article, we examine how investor motives affect investment behavior in equity crowdfunding. In particular, we … compare the investment behavior of sustainability-oriented with ordinary crowd investors on six leading equity crowdfunding … Dorfleitner et al. (2019). In general, we find evidence of a default shock in equity crowdfunding that occurs immediately after …