The DOI matches its Crossref record; 65 of the 65 references it cites were found in a registry or an index.
Resolving Information Asymmetry: Signaling, Endorsement, and Crowdfunding Success
Open accessAbstract
This article draws on information economics to examine when signals and endorsements obtained from multiple information sources enhance or diminish one another's effects. We propose that signals through start–up actions (use of media) and characteristics (crowdfunding experience) can mitigate information asymmetry concerns about project quality and founder credibility, enhancing the project's likelihood of attaining funding. Further, we posit that while start–up–originated signals offset each other's effects, third–party endorsements (sentiment expressed in backer comments) validate and complement start–up–originated signals. Empirical analyses based on a comprehensive dataset of crowdfunding projects on the Kickstarter website during 2009–2015 confirm our predictions.
Overview
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Integrity signals
Registry
Cites
Statistics
Verification
Claims the paper makes
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Self-check
Percentages, sums and reported differences re-computed from the paper’s own numbers.
The self-check needs the paper’s full text.
Citations
Cites
The Market for "Lemons": Quality Uncertainty and the Market Mechanism
Akerlof, G. A. (1970) · The Quarterly Journal of Economics · doi:10.2307/1879431 · Cited by 23,016
Spence, M. (1973) · The Quarterly Journal of Economics · doi:10.2307/1882010 · Cited by 16,171
Healy, P. M., & Palepu, K. G. (2001) · Journal of Accounting and Economics · doi:10.1016/s0165-4101(01)00018-0 · Cited by 8,097
Signaling Theory: A Review and Assessment
Connelly, B. L., Certo, S. T., Ireland, R. D., & Reutzel, C. R. (2011) · Journal of Management · doi:10.1177/0149206310388419 · Cited by 6,735
Opinion mining and sentiment analysis
Pang, B., & Lee, L. (2008) · Foundations and Trends® in Information Retrieval · doi:10.1561/1500000011 · Cited by 6,372
(1976) · Annals of Economic and Social Measurement · Cited by 5,035
The dynamics of crowdfunding: An exploratory study
Mollick, E. (2014) · Journal of Business Venturing · doi:10.1016/j.jbusvent.2013.06.005 · Cited by 4,221
Interorganizational Endorsements and the Performance of Entrepreneurial Ventures
Stuart, T. E., Hoang, H., & Hybels, R. C. (1999) · Administrative Science Quarterly · doi:10.2307/2666998 · Cited by 2,751
Crowdfunding: Tapping the right crowd
Belleflamme, P., Lambert, T., & Schwienbacher, A. (2014) · Journal of Business Venturing · doi:10.1016/j.jbusvent.2013.07.003 · Cited by 2,690
What Makes a Helpful Online Review? A Study of Customer Reviews on Amazon.Com1
Mudambi, S. M., & Schuff, D. (2010) · MIS Quarterly · doi:10.2307/20721420 · Cited by 2,490
Cited by
Initial coin offerings (ICOs) to finance new ventures
Fisch, C. (2019) · Journal of Business Venturing · doi:10.1016/j.jbusvent.2018.09.007 · Cited by 533
Narcissism and learning from entrepreneurial failure
Liu, Y., Li, Y., Hao, X., & Zhang, Y. (2019) · Journal of Business Venturing · doi:10.1016/j.jbusvent.2019.01.003 · Cited by 172
Self-citation
Metadata
- Authors
- Courtney, C., Dutta, S., & Li, Y.
- Venue
- Entrepreneurship Theory and Practice
- Publisher
- SAGE Publications
- Published
- 2016-03-01
- Volume
- 41
- Issue
- 2
- Pages
- 265-290
- ISSN
- 1042-2587 (ISSN-L)
- 1540-6520
- OpenAlex
- W2562494278
- Cited by
- 760
- References
- 65
- FWCI
- 61.76
- Type
- journal article
- Language
- en
- Open access
- green
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
What counts as a claim ›How we measure confidence ›How we check this ›
Are you an author, or do you see a problem with this page? Request a review
How to cite
Cite CoChat for the checks on this page, and the paper for its own findings.
- This page
- CoChat. (2026). Citation check: Resolving Information Asymmetry: Signaling, Endorsement, and Crowdfunding Success. https://app.cochat.ai/papers/10.1111/etap.12267
- The paper
- Courtney, C., Dutta, S., & Li, Y. (2017). Resolving Information Asymmetry: Signaling, Endorsement, and Crowdfunding Success. Entrepreneurship Theory and Practice. https://doi.org/10.1111/etap.12267
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
