Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
7425731 | Journal of Business Venturing | 2018 | 23 Pages |
Abstract
Besides providing financial support for new ventures, crowdfunding can bring additional advantages for entrepreneurs. In this paper, we test the hypothesis that crowdfunding also serves as an informational mechanism. Using a unique dataset built with publicly available data from Internet-based sources, and after controlling for alternative explanations, we empirically show that when not successful on crowdfunding, thus not accessing capital, project owners may decide to release the product in the market if contributions suggest positive valuation from the “crowd”.
Related Topics
Social Sciences and Humanities
Business, Management and Accounting
Business and International Management
Authors
Jordana Viotto da Cruz,