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Market Mechanisms and Funding Dynamics in Equity Crowdfunding

Hornuf, Lars and Schwienbacher, Armin (2017) Market Mechanisms and Funding Dynamics in Equity Crowdfunding. Journal of Corporate Finance.

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Date of publication of this fulltext: 24 Jan 2018 10:43

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Equity crowdfunding is a new form of entrepreneurial finance, in which investors do not receive perks or engage in pre-purchase of the product, but rather participate in the future cash flows of a firm. In this paper, we analyze what determines individual investment decisions in this new financial market. One important factor that may influence the behavior of investors is the way the portal ...


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Item type:Article
Date:6 September 2017
Institutions:Business, Economics and Information Systems > Institut für Betriebswirtschaftslehre > Lehrstuhl für Finanzierung (Prof. Dr. Gregor Dorfleitner)
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Keywords:Equity crowdfunding, Crowdinvesting, Startups, Securities issuance, Investment dynamics, Entrepreneurial finance
Dewey Decimal Classification:300 Social sciences > 330 Economics
Refereed:Yes, this version has been refereed
Created at the University of Regensburg:No
Item ID:36499
Owner only: item control page


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