Crowdfunding provides innovation in enabling entrepreneurs to contract with consumers before investment. Under … information threatens this benefit. Despite these threats, popular crowdfunding schemes are able to implement optimal screening … mechanisms. Crowdfunding's after-markets enable consumers to actively implement deferred payments and thereby optimally manage …

It is often assumed that entrepreneurs retain more control of their venture when they opt for equity crowdfunding as … by analysing the cash flow and control rights crowd investors receive in equity crowdfunding in Germany, where more … capital investment contracts are also used in equity crowdfunding contracts. We find that crowd investors are asked to pay …

and failed capital procurement through equity-based crowdfunding. We conduct an empirical analysis using entire … crowdfunding projects that attempted to raise capital through equity-based crowdfunding in South Korea in 2016. We summarize our … employment growth, and employment growth rate of companies with successful crowdfunding are higher than those of companies with …