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Which Updates During an Equity Crowdfunding Campaign Increase Crowd Participation?

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Block, Jörn ; Hornuf, Lars ; Moritz, Alexandra
License: Creative Commons Attribution 4.0
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Date of publication of this fulltext: 24 Jan 2018 11:12


Start-ups often post updates during equity crowdfunding campaigns. However, little is known about the effects of such updates on crowd participation. We investigate this question by using hand-collected data from 71 funding campaigns and 39,399 investment decisions on two German equity crowdfunding portals. Using a combination of different empirical research techniques, we find that posting an ...


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