Search Results - subject_exact:"Gründungsfinanzierung"

Equity crowdfunding success in Malaysia : the role of crowd investors, campaign disclosure and valuation disclosure

Lo, Jun Heng; You, Hui Wei; Usman, Sardar Muhammad; … - 2026

This study examines the determinants of equity crowdfunding (ECF) campaign success in Malaysia through the lens of quality signaling theory and behavioral herding dynamics. Using a manually collected dataset of 335 completed campaigns launched on pitchIN, MyStartr, and AtaPlus between 2016 and...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015628757

Token financing vs. equity and crowdfunding

Baranes, Edmond; Hege, Ulrich; Kim, Jin-Hyuk - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015637923

Crowdfunding : a theory-centered review and roadmap of the multidisciplinary literature

Escudero, Stephanie B.; Anglin, Aaron H.; Allison, Thomas H. - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015638420

Herding behaviour in equity crowdfunding and P2P lending markets : a systematic meta-analysis

Tipaldi, Riccardo; Gallucci, Carmen; Liñares-Zegarra, … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015647464

When digital meets traditional financial intermediaries : how equity crowdfunding shapes venture capital value added

Alam, Samia; Butticè, Vincenzo - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015650447

Religious investors and equity crowdfunding success

Yaş, Murat - 2026

This study examines how Islamic religiosity influences equity crowdfunding success through messages on crowdfunding platforms in Türkiye, which lacks a sharia governance framework for financial technology (fintech). As the first empirical analysis of the role of Islamic religiosity in equity...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015666495

Face value in equity crowdfunding : experimental evidence on founder attractiveness and retail investor judgments

Putz, Ádám; Vörös, Zsófia; Bereczkei, Tamás - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015670577

The angels and the crowd : business angels’ investment practices and follow-on crowdfunding in entrepreneurial firms

Capizzi, Vincenzo; Carta, Nicola; Cavezzali, Elisa; … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016060845

Why equity crowdfunding investors reject opportunities : an exploration of negative attributes

Berliner, Daniel; Gimmon, Eli - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016073394

Success outcomes of equity crowdfunding campaigns : the role of lead founders’ human capital signals

Gafrej, Ines; Bouzgarrou, Houssam; Tizaoui, Jihene - 2026

Drawing on signaling theory, this study investigates the role of lead founders' human capital signals in the success outcomes of equity crowdfunding (ECF) campaigns. While prior research emphasizes entrepreneurial teams or broadly defined founder characteristics, the role of dominant...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016062200

Firms' venture capital affiliation, platforms' "skin in the game" and the success of equity crowdfunding campaigns

Colombo, Massimo G.; Shafi, Kourosh - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016082474

Unicorn exits and subsequent venture capital investments

Karapetyan, Suren; Bajgar, Matej - 2025

Using a difference-in-differences design and a global database of startups, investors and deals, we study the effect of exits (IPOs and acquisitions) of unicorn companies - privately held startups valued over USD 1 billion - on the subsequent investment activity of their investors. We find that...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015440912

Financing decentralized digital platform growth : the role of crypto funds in blockchain-based startups

Cumming, Douglas J.; Drobetz, Wolfgang; Momtaz, Paul P.; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015065502

Financial literacy in Japan's lending-based crowdfunding : the role of peripheral and diagnostic signals

Yoshioka, Motomi; Nose, Yoshiaki; Mori, Yoshihiro - 2025

In this study, we empirically examine the determinants of fundraising success in Japan's lending-based crowdfunding (LBCF), with a focus on the financial literacy of investors. Using 465 campaigns on the LBCF platform "Bankers" (December 2020-September 2024), we test two predictions derived from...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015548906

Optimal investment-based crowdfunding : crowdblessing versus scale

Ellman, Matthew; Hurkens, Sjaak - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015655441

Crowdfunding platforms and financial inclusion : fulfilled promise or disillusion?

Fareed, Fozan; Viotto, Jordana - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015210429

A new era of entrepreneurial finance? : venture tokenization and public markets for startups

Fuchs, Johannes; Momtaz, Paul P. - 2025

After initial coin offerings (ICOs), decentralized digital platforms (DDPs) decide whether to go public or remain private. We explore the implications of the public-versus-private decision for the growth and decentralization of DDPs. Employing a difference-in-differences framework, we find that...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015333415

False signaling by platform team members and post-campaign venture outcomes : evidence from an equity crowdfunding platform

Mataigne, Virginie; Meoli, Michele; Vanacker, Tom; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015357959

Sectoral clustering and climate-tech startup financing through venture capital and private equity

Cilekoglu, Akin A. - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015177272

The aha moment! The effects of serendipity and innovation on crowdfunding performance

Oo, Pyayt P.; Sahaym, Arvin; Hmieleski, Keith Mark; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015179681

Token-based crowdfunding : investor choice and the optimal timing of initial coin offerings

Drobetz, Wolfgang; Hornuf, Lars; Momtaz, Paul P.; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015179726

Business angels investing in green ventures : how do they add value to their start-ups?

Siefkes, Meike; Bjørgum, Øyvind; Sørheim, Roger - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015196867

Gender disparities in entrepreneurial finance : the overlooked demand side

Li, Jie - 2025 - First edition

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015416537

Crowdfunding for sustainability : key elements driving crowdfunding success across economic, social, and environmental goals

Bartoli, Chiara; Annosi, Maria Carmela; Orero, Levi; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015424104

Crowdfunding in the EU 2024

2025

This is ESMA's first annual market report on the EU crowdfunding market, based on data we receive from National Competent Authorities (NCAs) under the European Crowdfunding Service Providers for Business Regulation, which came into effect in November 2021. This first report covers a sample of 98...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015465654

Complementary funding : how location links crowdfunding and venture capital

Klarl, Torben; Kritikos, Alexander; Poghosyan, Knarik - 2025

While Equity Crowdfunding (ECF) platforms are a virtual space for raising funds, geography remains relevant. To determine how location matters for entrepreneurs using equity crowdfunding (ECF), we analyze the spatial distribution of successful ECF campaigns and the spatial relationship between...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015449228

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Complementary funding : how location links crowdfunding and venture capital

Klarl, Torben; Kritikos, Alexander; Poghosyan, Knarik - 2025

Book / Working Paper

Complementary funding : how location links crowdfunding and venture capital

Klarl, Torben; Kritikos, Alexander; Poghosyan, Knarik - 2025

Book / Working Paper

Rising tides, rising funds : floods and climate mitigation campaigns in equity crowdfunding

Billio, Monica; Butticè, Vincenzo; Di Pietro, Francesca; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015406410

Financing sustainable entrepreneurship : unpacking the role of campaign information and risk disclosure in reward-based crowdfunding

Hopp, Christian; Dey, Pascal; Riniker, Maria; Rüdiger, … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015406411

Does equity crowdfunding enhance the survival of sustainability ventures?

Del Gaudio, Belinda Laura; Lazos, Aristogenis; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015408500

The determinants of reward-based crowdfunding success in Africa

Mamaro, Lenny Phulong; Sibindi, Athenia Bongani; Godi, … - 2025

This study focused on investigating the factors that drive reward-based crowdfunding in Africa, particularly considering the increasing limitations that entrepreneurs face in accessing traditional financial resources globally, by analysing 215 crowdfunding projects from prominent platforms like...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015408942

Navigating crowdfunding for sustainability : practical implications mapped

Bongiorno, Giuseppe; Cardamone, Ernesto; Passarelli, … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015409100

The role of sustainability and high-tech sector affiliation in shaping equity crowdfunding success : an AI perspective

Boutouar, Yassine; La Rocca, Maurizio; La Rocca, Tiziana; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015410987

Crowdfunding's impact on SMEs' growth : a case study approach

Fasano, Mattia; La Rocca, Elvira Tiziana; Staglianò, … - 2025

This paper explores the relationship between equity crowdfunding (ECF) and the growth of Italian SMEs. Using two case studies, one in the agri-food sector and the other in cleantech, and comparing them with non-crowdfunded equivalents, we find that ECF significantly enhanced the post-campaign...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015438565

Digital growth grant evaluation (2023/24 and 2024/25)

2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015456229

The financing of scaling and high-growth firms

Vanacker, Tom; Cerpentier, Maarten - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015458577

Do networks matter? : an examination of the role of coinvestors in equity crowdfunding

Cai, Wanxiang; Polzin, Friedemann - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015461934

Lead investor nominee in equity crowdfunding

Coakley, Jerry; Cumming, Douglas J.; Lazos, Aristogenis; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015461960

Determinants of success in initial coin offerings (ICOs) : a systematic literature review

Moxotó, Ana Claudia de Araujo; Soukiazis, Elias; Melo, … - 2025

Initial Coin Offerings (ICOs) have emerged as a transformative financing mechanism, allowing startups to raise capital through blockchain technology and digital tokens. This paper presents a systematic literature review of 115 articles published between 2016 and 2024, sourced from the Scopus...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015564071

Institutional quality and success in U.S. equity crowdfunding

Cumming, Douglas J.; Johan, Sofia Atiqah; Reardon, Robert S. - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015564609

The effect of the degree of early-stage failure on entrepreneurial pivoting and success : evidence from crowdfunding

Berchicci, Luca; Boons, Mark - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015564772

Syndication in equity crowdfunding : performance and the evaluation of experts

Catalini, Christian; Hui, Xiang - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015568356

(Im)perfect Substitutes : business angels and crowd sourced start-up funding

Bonini, Stefano; Capizzi, Vincenzo; Giudici, Giancarlo; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015506461

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(Im)perfect Substitutes : business angels and crowd sourced start-up funding

Bonini, Stefano; Capizzi, Vincenzo; Giudici, Giancarlo; … - 2025

Article

Success under pressure : the role of competitive and market forces in equity crowdfunding campaigns: evidence from Poland

Trzebiński, Artur A.; Gemra, Kamil - 2025

This study explores how competition and macroeconomic factors affect the success of equity-based crowdfunding campaigns (ECF). Using a dataset of 247 campaigns from multiple platforms in Poland, we use logistic, Tobit and fixed-effects panel regressions to evaluate the impact of within-platform...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015613568

Determinants of overfunding in reward-based crowdfunding

Pinkow, Felix - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015594862

The art of the elevator pitch : state-of-the-art and research agenda

Dana, Leo Paul; Crocco, Edoardo; Giacosa, Elisa; … - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015640253

Venture capital affiliation in decentralized finance : evidence from ICOs in blockchain ecosystem

Camelo, Francisca Duarte; Duarte, Fábio - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015476674

From intent to inaction : factors conditioning cultural institutions from embracing crowdfunding as a fundraising tool

Rykkja, Anders; Bonet, Lluís - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015481305

Funding target, number of entrepreneurs and venture stage : optimizing for success in equity crowdfunding

Yong-Kwan Lim, JoAnne - 2025

Scholars have highlighted the critical role of funding targets in determining the amount of funding acquired in equity crowdfunding campaigns. However, there is little equity crowdfunding research that incorporates funding targets as a focal variable of interest. Moreover, the findings in these...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015484272

ICOs conceptual unveiled: scholarly review of an entrepreneurial finance innovation

Joshipura, Mayank; El Khoury, Rim; Alshater, Muneer Maher - 2025

This review synthesizes 48 academic studies on Initial Coin Offerings (ICOs) from 2018 to 2023, employing bibliometric and content analyses to illuminate their complexities and innovation in entrepreneurial finance. It identifies four key themes: (1) regulatory intricacies, market...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015573527

Mapping the research landscape of blockchain and crowdfunding

Rejeb, Abderahman; Rejeb, Karim; Appolloni, Andrea; … - 2025

Blockchain technology and crowdfunding (CF) have emerged as disruptive forces in the finance and entrepreneurship landscape, potentially transforming traditional modes of capital raising and investment. This study investigates the intersection of blockchain technology and CF to provide a...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015574390