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Journal article Open Access Scopus Source The journal / series is indexed in Scopus (SCImago list). The article itself has not been verified. 5 Citations Quartil Q1

The role of competition on equity crowdfunding

Sandra Correia , Miguel Sousa , Elísio Brandão
ISLA — Instituto Politécnico de Gestão e Tecnologia
The Journal of Technology Transfer, 09 10 2024
DOI: 10.1007/s10961-024-10145-y

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Abstract
Abstract Our study investigates competition’s impact on ECF campaigns, analyzing 37,201 daily observations from 1081 campaigns. While we found that the number of competing campaigns does not significantly influence the likelihood of funding, our daily analysis reveals its effect on campaign performance, impacting investors participation and funds raised. Additionally, more competitors reduce final number of investors. Furthermore, blockbuster projects from other industries have an adverse cannibalization effect, lowering campaign success probability. These findings emphasize the role of the competitive landscape in guiding entrepreneurs’ strategic decisions to improve the prospects of ECF campaigns success.

Keywords

#Equity crowdfunding #competition #crowdfunding campaigns #campaign success #investor participation #cannibalization effect #entrepreneurial strategy #Equity (law) #Competition (biology) #business

Bibliographic Details

Publication Type Journal article
Publication Year 2024
Journal / Conference / Work The Journal of Technology Transfer
Quartile (SCImago) Q1
Scopus Indexing Indexed source (via SCImago)

ISLA Authors & Affiliations

S
Sandra Isabel dos Santos Correia
sandra.i.correia@gmail.com ID: D317-A85E-A27F
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