Voting rights delivery in investment-based crowdfunding: a cross-platform analysis
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DOI: 10.1007/s40812-018-0109-x
Abstract: This is one of the first studies to investigate corporate governance in investment-based crowdfunding. Our cross-platform analysis reveals a large variety in corporate governance mechanisms, in particular with regard to voting rights delivery. Some platforms… read more here.
Keywords: delivery; crowdfunding cross; voting rights; investment based ... See more keywords
Financing Efficiency of Securities-Based Crowdfunding
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DOI: 10.1093/rfs/hhaa025
Abstract: We analyze early-venture fundraising from dispersed, endogenously informed investors. An entrepreneur chooses a payoff-maximizing offering, and investors communicate their information by either contributing capital or abstaining. The entrepreneur uses the information conveyed by fundraising amounts… read more here.
Keywords: information; financing efficiency; efficiency securities; securities based ... See more keywords
Rational Herding in Reward-Based Crowdfunding: An MTurk Experiment
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DOI: 10.3390/su12239827
Abstract: Crowdfunding is gaining popularity as a way of financing social sustainable initiatives. We performed a controlled economic experiment in MTurk by simulating a crowdfunding platform and developed a theoretical model that rationalizes herding behavior. The… read more here.
Keywords: rational herding; herding reward; reward based; crowdfunding mturk ... See more keywords