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”.
| Original language | English |
|---|---|
| Pages (from-to) | 371-393 |
| Number of pages | 23 |
| Journal | Journal of Business Venturing |
| Volume | 33 |
| Issue number | 3 |
| Early online date | 22 Feb 2018 |
| DOIs | |
| Publication status | Published - 1 May 2018 |
Keywords
- crowdfunding
- e-commerce
- information
- new product release
- uncertainty
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Profiles
-
Jordana Viotto Da Cruz
- Business School - Lecturer in Entrepreneurship
- Entrepreneurship and Innovation
Person: Academic: Research Active