Abstract
In this paper, we investigate how novice and experienced crowd investors behave in online crowdfunding environments. So far, empirical information about the specifics of these investor groups in the crowdfunding literature is scarce. We address this literature gap by investigating differences and similarities between novice and experienced crowd investors regarding information search, communication patterns, signaling effects, and investment motives in equity crowdfunding. The paper is based on unique survey data from a major European equity crowdfunding platform. We contribute to the literature by developing a better and detailed understanding of crowd investor types and their behavior in crowdfunding.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
