The DOI matches its Crossref record; 13 of the 13 references it cites were found in a registry or an index.
Does the Possibility to Make Equity Investments in Crowdfunding Projects Crowd Out Reward–Based Investments?
Abstract
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 online platforms. We explored the extent to which financial or nonfinancial motivations determine the decision to invest for equity or to pledge. In addition, we also looked at whether having invested for equity can crowd out individuals’ motivation to keep a pledge into the same project. Our results show that nonfinancial motives play no significant role. Furthermore, we find that having invested for equity is a positive predictor of keeping a pledge.
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Cited by
Toward a better understanding of crowdfunding, openness and the consequences for innovation
Stanko, M. A., & Henard, D. H. (2017) · Research Policy · doi:10.1016/j.respol.2017.02.003 · Cited by 312
Does success bring success? The post-offering lives of equity-crowdfunded firms
Signori, A., & Vismara, S. (2018) · Journal of Corporate Finance · doi:10.1016/j.jcorpfin.2017.10.018 · Cited by 308
Metadata
- Authors
- Cholakova, M., & Clarysse, B.
- Venue
- Entrepreneurship Theory and Practice
- Publisher
- SAGE Publications
- Published
- 2015-01
- Volume
- 39
- Issue
- 1
- Pages
- 145-172
- ISSN
- 1042-2587 (ISSN-L)
- 1540-6520
- OpenAlex
- W1993077362
- Cited by
- 596
- References
- 13
- FWCI
- 64.68
- Type
- journal article
- Language
- en
- Open access
- closed
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