The role of competition on equity crowdfunding

• Type: Article in International Scientific Journal
• Date: 2024

Authors

Correia, Sandra (Author) FEP; Sousa, Miguel (Author) FEP; Brandão, Elísio (Author) FEP

Journal

Title: Journal of Technology Transfer

ISSN: 0892-9912

Publisher: Springer Nature

Indexing

ISI Web of Knowledge - 0 Citations

Scopus - 0 Citations

Other information

Authenticus ID: P-017-7EB

DOI: 10.1007/s10961-024-10145-y

Abstract (EN): Our study investigates competition's impact on ECF campaigns, analyzing 37,201 daily observations from 1081 campaigns. While we found that the number of competing campaigns does not significantly influence the likelihood of funding, our daily analysis reveals its effect on campaign performance, impacting investors participation and funds raised. Additionally, more competitors reduce final number of investors. Furthermore, blockbuster projects from other industries have an adverse cannibalization effect, lowering campaign success probability. These findings emphasize the role of the competitive landscape in guiding entrepreneurs' strategic decisions to improve the prospects of ECF campaigns success.

Language: English

Type (Professor's evaluation): Scientific

No. of pages: 45