By analyzing data of more than 1,000 initial coin offerings (ICOs) obtained from seven different ICO information platforms, we investigate the effectiveness of signals used by entrepreneurs to foster ICO funding success. In particular, we examine the effectiveness of venture quality (human...

We investigate if homophily—peoples’ affinity for similar others—is an issue in online investment, too. Drawing on nearly 22,000 loan applications and 54,000 investments obtained from one of the leading online peer-to-peer lending platforms in Europe, we document strong evidence in support...

Using nationally representative US data, we show that women possess weaker knowledge regarding the characteristics of Bitcoin compared to men. Investigating the determinants driving this gap, we find that socio-demographics and personality traits explain only a small share of the gap. Adding...

We investigate investment flows into more than 5,300 social trading portfolios that are issuedas structured products and are tradable at a regular exchange. We find that investment flowschase past performance. However, in contrast to mutual fund flows, the flow-performancerelation exists nearly...