Arbeitspapier
Dynamics of investor communication in equity crowdfunding
In crowdfunding, start-ups can voluntarily communicate with their investors by posting updates. We investigate whether start-ups strategically use updates, which were previously shown to increase investments. To this end, we use hand-collected data of 751 updates and 39,036 investment decisions from the two major German equity crowdfunding portals Seedmatch and Companisto. We find evidence for strategic communication behavior of startups during an equity crowdfunding campaign. During the funding period, start-ups post updates with linguistic devices that enhance the group identity and the group cohesion. Furthermore, the probability of an update during the funding period increases with a strong competition of other contemporary crowdfunding campaigns.
- Sprache
-
Englisch
- Erschienen in
-
Series: Research Papers in Economics ; No. 4/17
- Klassifikation
-
Wirtschaft
- Thema
-
Crowdfunding
Investor Communication
Entrepreneurial Finance
Sentiment Analysis
Linguistic Devices
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Dorfleitner, Gregor
Hornuf, Lars
Weber, Martina
- Ereignis
-
Veröffentlichung
- (wer)
-
Universität Trier, Fachbereich IV – Volkswirtschaftslehre
- (wo)
-
Trier
- (wann)
-
2017
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Dorfleitner, Gregor
- Hornuf, Lars
- Weber, Martina
- Universität Trier, Fachbereich IV – Volkswirtschaftslehre
Entstanden
- 2017
Ähnliche Objekte (12)
Are Equity Crowdfunding Investors Active Investors?
Investor intention in equity crowdfunding: Does trust matter?
Are sustainability-oriented investors different? Evidence from equity crowdfunding
Are Sustainability-Oriented Investors Different? Evidence from Equity Crowdfunding
Protecting investors in equity crowdfunding: An empirical analysis of the small investor protection act
Protecting Investors in Equity Crowdfunding: An Empirical Analysis of the Small Investor Protection Act
Equity crowdfunding : essays about the scientific development and the investor perspective
Crowdfunding Dynamics
Crowdfunding, Cascades and Informed Investors
Securities Crowdfunding and Investor Protection
Success and Failure in Equity Crowdfunding
Matching founders and funders in equity crowdfunding
Are Equity Crowdfunding Investors Active Investors?
Investor intention in equity crowdfunding: Does trust matter?
Are sustainability-oriented investors different? Evidence from equity crowdfunding
Are Sustainability-Oriented Investors Different? Evidence from Equity Crowdfunding
Protecting investors in equity crowdfunding: An empirical analysis of the small investor protection act
Protecting Investors in Equity Crowdfunding: An Empirical Analysis of the Small Investor Protection Act
Equity crowdfunding : essays about the scientific development and the investor perspective
Crowdfunding Dynamics
Crowdfunding, Cascades and Informed Investors
Securities Crowdfunding and Investor Protection
Success and Failure in Equity Crowdfunding
Matching founders and funders in equity crowdfunding
Are Equity Crowdfunding Investors Active Investors?
Investor intention in equity crowdfunding: Does trust matter?
Are sustainability-oriented investors different? Evidence from equity crowdfunding
Are Sustainability-Oriented Investors Different? Evidence from Equity Crowdfunding
Protecting investors in equity crowdfunding: An empirical analysis of the small investor protection act
Protecting Investors in Equity Crowdfunding: An Empirical Analysis of the Small Investor Protection Act
Equity crowdfunding : essays about the scientific development and the investor perspective
Crowdfunding Dynamics
Crowdfunding, Cascades and Informed Investors
Securities Crowdfunding and Investor Protection
Success and Failure in Equity Crowdfunding