Abstract
In this study we introduce a theory of signal corruptibility--the ability of imposters to co-opt and effectively send dishonest signals--by establishing the necessary conditions of a signaling environment for the possibility of signal corruptibility to emerge, introducing three properties of signals which contribute to signal corruptibility, and detailing how various levels of these properties work in concert to render a signal as susceptible or resistant to corruptibility. Logistic regression results comparing data from 278 crowdfunding imposters to a matched sample of 278 authentic entrepreneurs support most of our hypotheses and offers initial confirmation status to the theory of signal corruptibility.
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