Overview
- Investigates the main impactors on equity crowdfunding campaign (ECF) success
- Employs a data mining approach to analyse different crowdfunding platforms across countries
- Integrates a FinTech and signaling theory framework to explore how entrepreneurs raise capital via ECF
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Table of contents (7 chapters)
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Front Matter
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Back Matter
Keywords
About this book
This book aims at providing an empirical understanding of the main drivers affecting investors’ preferences in financing new ventures through equity crowdfunding (ECF) and determining fundraising campaign success. ECF is increasing in prominence as a route for new ventures in obtaining external financial resources. To raise capital, entrepreneurs are required to convey quality signals of their proposals with real-time information and knowledge sharing.
This book advances knowledge in entrepreneurial finance by investigating the factors that affect individuals’ decisions to participate in ECF. The authors adopt a data mining approach to extract publicly available information from a multitude of crowdfunding platforms across different countries, producing a unique dataset.
The book uses an innovative hybrid analysis to generate knowledge patterns creating data-driven models on one hand, and on the other test research hypotheses adoptingstatistical models to investigate empirical evidence in line, or in contrast, with the extant literature. The book also integrates organizational theories to examine the extent to which ECF platform managers follow a strategy of isomorphism in their choice of information disclosure. The final part of the book discusses how signals are interpreted by investors, how these affect financing preferences, and ultimately the successful completion of a fundraising campaign. The book will be of interest to academics and practitioners in entrepreneurial finance, FinTech, and investment behaviour.
Authors and Affiliations
About the authors
Francesco James Mazzocchini, Ph.D., is postdoctoral research fellow in Banking and Financial Markets at the Department of Management, Marche Polytechnic University – Italy. His scientific interests are in the fields of behavioural finance, decision-making under risk, FinTech, innovative financing, and entrepreneurial finance.
Caterina Lucarelli is Full Professor of Banking and Financial Markets at the Department of Management, Marche Polytechnic University – Italy. Her scientific interests are in the fields of market microstructure, investors’ behaviour, decision-making under risk, gender diversity, entrepreneurship and sustainable finance. Since 2007, as National Coordinator of a Research Project supported by the Italian Ministry of University and Research, she has cooperated with psychologist and neuroscientists to study individual risk tolerance.
Bibliographic Information
Book Title: Investors’ Preferences in Financing New Ventures
Book Subtitle: A Data Mining Approach to Equity
Authors: Francesco James Mazzocchini, Caterina Lucarelli
DOI: https://doi.org/10.1007/978-3-031-30058-5
Publisher: Palgrave Macmillan Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Author(s), under exclusive license to Springer Nature Switzerland AG 2023
Hardcover ISBN: 978-3-031-30057-8Published: 05 May 2023
eBook ISBN: 978-3-031-30058-5Published: 04 May 2023
Edition Number: 1
Number of Pages: XIV, 147
Number of Illustrations: 15 b/w illustrations, 11 illustrations in colour
Topics: Entrepreneurship, Financial Engineering, Behavioral Finance, Investment Appraisal, Econometrics