Out of control or right on the money? Funder self-efficacy and crowd bias in equity crowdfunding

  title={Out of control or right on the money? Funder self-efficacy and crowd bias in equity crowdfunding},
  author={Regan M. Stevenson and Michael P. Ciuchta and Chaim Rossm Letwin and Jenni M. Dinger and Jeffrey B. Vancouver},
  journal={Journal of Business Venturing},

They do not look alike: what kind of private investors do equity crowdfunded firms attract?

Using a dataset of 170 firms that successfully fundraised via the two most prominent UK equity crowdfunding platforms, we investigate whether and how having successfully run an equity crowdfunding

Crowdfunding as a screener for collective investment

Research indicates that crowdfunding is also an effective screener for collective investment, in contrast to popular perceptions of crowdfunding markets as a new financing tool or marketing tool for entrepreneurs.

Exploring entrepreneurial characteristics, motivations and behaviours in equity crowdfunding: some evidence from Italy

PurposeThis study explores entrepreneurial decision-making in the equity crowdfunding (ECF) context, and it aims to shed some light on the relationship among three aspects: entrepreneurial

I Am What I Pledge: The Importance of Value Alignment for Mobilizing Backers in Reward-Based Crowdfunding

Crowdfunding has emerged as an important alternative financing tool for entrepreneurs. Extant research on the antecedents of crowdfunding success have produced divergent results. By applying the

Million dollar personality: a systematic literature review on personality in crowdfunding

Expressed personality traits can play a pivotal role in convincing investors in crowdfunding. Our study answers the research question: What is the current body of knowledge regarding the relationship

Hospitality enterprises’ revival through crowdfunding: a cross-country study

Purpose The purpose of this study is to suggest a reward-based crowdfunding approach and test customers’ financial contribution behaviour (FCB) as a fundraising strategy for hospitality enterprises.

The effects of influencer endorsement services on crowdfunding campaigns

Purpose The purpose of this study is to investigate how influencer endorsement services stimulate funding intention in the context of crowdfunding (donation- and reward-based) and the moderating

Hidden Influences of Crowd Behavior in Crowdfunding: An Experimental Study

Crowdfunding continues to transform financing opportunities for many across the globe. While extensive research has explored factors related to fundraising success, less is known about the social



Crowdfunding in a Prosocial Microlending Environment: Examining the Role of Intrinsic versus Extrinsic Cues

Microloans garnered from crowdfunding provide an important source of financial capital for nascent entrepreneurs. Drawing on cognitive evaluation theory, we assess how linguistic cues known to affect

Signaling in Equity Crowdfunding

This paper presents a first–ever empirical examination of the effectiveness of signals that entrepreneurs use to induce (small) investors to commit financial resources in an equity crowdfunding

Does the Possibility to Make Equity Investments in Crowdfunding Projects Crowd Out Reward–Based Investments?

Despite crowdfunding's increasing popularity as a vehicle for financing early–stage ventures, we still know relatively little about the mechanisms that drive individuals to pledge and invest via such

Equity Crowdfunding: A New Phenomena

Crowdfunding has recently become available for entrepreneurs. Most academic studies analyse data from rewards-based (pre-selling) campaigns. In contrast, in this paper we analyse 636 campaigns,

Crowdfunding: Tapping the Right Crowd

The basic idea of crowdfunding is to raise external finance from a large audience (the “crowd”), where each individual provides a very small amount, instead of soliciting a small group of

Regulatory Focus and Information Cues in a Crowdfunding Context

It is well understood that information cues associated with an investment opportunity generally impact one's willingness to participate in that opportunity. What is less well understood, however, is