Bouaiss, Karima; Carine, Girard; Zopounidis, C. - 2020
Based on signaling theory, we explore the relationship between equity crowdfunding (ECF) financing and firm bankruptcy. We compare data from 317 ECF campaigns carried out by 277 French firms between 2010 and 2018 with 304 investment rounds conducted by 220 French firms financed by venture...