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During the past decade, equity crowdfunding (ECF) has emerged as an alternative funding channel for startup firms. In …
Persistent link: https://www.econbiz.de/10012224817
During the past decade, equity crowdfunding (ECF) has emerged as an alternative funding channel for startup firms. In …
Persistent link: https://www.econbiz.de/10012226836
This paper discusses the applicability and readiness of crowdfunding in Turkey. Crowdfunding is an alternative … raising methods are needed for starters. This paper analyses the current conditions for crowdfunding as an alternative … proposes some policies for potential crowdfunding applications in Turkey. Preliminary findings of this research indicate that …
Persistent link: https://www.econbiz.de/10012979999
Using Kickstarter, the largest global reward-based crowdfunding platform, we conduct an exhaustive search of all fraud … late and visible suspension of a crowdfunding campaign tend to have a lower probability of success, fewer backers, and … fraudsters in crowdfunding markets. We find fraudsters are less likely to have engaged in prior crowdfunding activities, are less …
Persistent link: https://www.econbiz.de/10012855212
What role does the selection of an investor and the timing of financing play in initial coin offerings (ICOs)? We investigate the operating and financial performance of ventures conducting ICOs with different types of investors at different points in the ventures' life cycle. We find that,...
Persistent link: https://www.econbiz.de/10014252496
(small) investors to commit financial resources in an equity crowdfunding context. We examine the impact of venture quality …
Persistent link: https://www.econbiz.de/10013028300
The aim of this study is to explore the previously unresearched outcomes of firms funded through equity crowdfunding, a … novel type of entrepreneurial finance. We study the outcomes of a sample of 337 firms funded on equity crowdfunding … to equity crowdfunding campaign-related factors. A main finding is that the firms experience on average a peak in both …
Persistent link: https://www.econbiz.de/10013030990
In the bank-borrower setting, a firm's existing lender may exploit its positional advantage to extract rents from the firm in subsequent financings. Analogously, a startup's existing venture capital investors (VCs) may dilute the founder through a follow-on financing from these same VCs (an...
Persistent link: https://www.econbiz.de/10013067792
Venture debt, or loans to rapid-growth start-ups, is a puzzle. How are start-ups with no track records, positive cash flows, tangible collateral, or personal guarantees from entrepreneurs able to attract billions of dollars in loans each year? And why do start-ups take on debt rather than rely...
Persistent link: https://www.econbiz.de/10013152530
Den Kern dieses Buches bildet die Darstellung der Finanzierungsalternative Crowdinvesting im Vergleich zu anderen Finanzierungsformen sowie deren Jurisdiktionen in ausgewählten Ländern. Mario Baumgärtner klärt auf, welche rechtlichen Rahmenbedingungen für Unternehmen und Investoren in...
Persistent link: https://www.econbiz.de/10013174041