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Crowdfunding Under Market Feedback, Asymmetric Information And Overconfident Entrepreneur

Miglo, Anton - 2020

This article is the first one that considers a model of the choice between the different types of crowdfunding, which … provides several implications, most of which have not yet been tested. Our model predicts that equity-based crowdfunding is … more profitable than reward-based crowdfunding when an entrepreneur is overconfident. This is because the entrepreneur …

Persistent link: https://www.econbiz.de/10012842167