? Specifically, we examine the effects of altruism on crowdfunding outcomes in Initial Coin Offerings (ICOs). The main result …

I study the role of accounting and financial reporting in entrepreneurial finance by examining whether financial … statement disclosure increases capital raised through equity crowdfunding. On average, I find a positive association between … financial reporting and capital raised, suggesting that accounting reduces information asymmetry with potential investors …

The nominee approach to equity crowdfunding pools all crowd investors into one (nominee) account where typically the … of a large sample of 1,018 initial equity crowdfunding campaigns, this paper assesses both the short-term and the long …. These results hold inter-platform between the two main UK equity crowdfunding platforms (Seedrs and Crowdcube) as well as …

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 …

equity crowdfunding direct their investments to local firms. In line with agency theory, the results suggest that investors …-ups that run into insolvency or are dissolved, which indicates that local investments in equity crowdfunding constitute a …

-collected data from 14 different equity crowdfunding (ECF) portals and 426 firms that ran at least one successful ECF campaign in …

Crowdfunding (CF) is a form of early-stage financing for innovative ventures, which has seen tremendous growth in the … explores four extreme cases from the ICT sphere to find out non-financial implications of Crowdfunding as alternative funding …