國立高雄大學圖資館 |

Language: English

Back

Signaling effects of crowdfunding on...

Modl, Michael.

Signaling effects of crowdfunding on venture investors' decision making

Record Type:	Electronic resources : Monograph/item
Title/Author:	Signaling effects of crowdfunding on venture investors' decision makingby Michael Modl.
Author:	Modl, Michael.
Published:	Wiesbaden :Springer Fachmedien Wiesbaden :2020.
Description:	xix, 192 p. :ill., digital ;24 cm.
Contained By:	Springer Nature eBook
Subject:	Entrepreneurship.
Online resource:	https://doi.org/10.1007/978-3-658-31590-0
ISBN:	9783658315900$q(electronic bk.)

Signaling effects of crowdfunding on venture investors' decision making
Modl, Michael.

Signaling effects of crowdfunding on venture investors' decision making[electronic resource] /by Michael Modl. - Wiesbaden :Springer Fachmedien Wiesbaden :2020. - xix, 192 p. :ill., digital ;24 cm. - Innovation und entrepreneurship,2627-1168. - Innovation und entrepreneurship..

Introduction -- New Venture Financing Research -- Theory and Hypotheses -- Methods -- Data and Sample Description -- Venture Investors' Perceptions of Entrepreneurs' Financing Hierarchies -- Effects of Crowdfinancing on Subsequent Venture Capital Selection -- Summary, Discussion and Outlook.

Michael Modl examines the impact and signaling effects of crowd-based start-up financing on subsequent venture capital funding rounds. The digital era has substantially expanded the entrepreneurial financing landscape and crowdfunding is emerging as a novel way for young innovative firms to secure scarce early-stage funding. As the evaluations of venture capitalists and business angels remain to be consequential for securing critical resources in later stages, questions on the interactions between new and traditional forms of venture financing arise. Drawing on choice experimental research designs the author provides causal empirical evidence that while "the crowd" is generally seen as a negative signal, it can generate certain positive signals which increase the likelihood of professional venture investors to consider crowdfunded start-ups for investment. The presented findings yield important implications for capital-seeking entrepreneurs, investors and public policy. Dr. Michael Maximilian Modl completed his dissertation under supervision of Prof. Dietmar Harhoff, Ph.D. at Ludwig-Maximilians-Universität Munchen and at the Max Planck Institute for Innovation and Competition.

ISBN: 9783658315900$q(electronic bk.)

Standard No.: 10.1007/978-3-658-31590-0doiSubjects--Topical Terms:

183598
Entrepreneurship.

LC Class. No.: HB615 / .M865 2020

Dewey Class. No.: 658.421

Signaling effects of crowdfunding on venture investors' decision making
LDR:02546nmm a2200337 a 4500 001 585052
003 DE-He213
005 20201214144336.0
006 m d
007 cr nn 008maaau
008 210311s2020 gw s 0 eng d
020 $a 9783658315900$q(electronic bk.)
020 $a 9783658315894$q(paper)
024 7 $a 10.1007/978-3-658-31590-0 $2 doi
035 $a 978-3-658-31590-0
040 $a GP $c GP
041 0 $a eng
050 4 $a HB615 $b .M865 2020
072 7 $a KJH $2 bicssc
072 7 $a BUS025000 $2 bisacsh
072 7 $a KJH $2 thema
082 0 4 $a 658.421 $2 23
090 $a HB615 $b .M692 2020
100 1 $a Modl, Michael. $3 875908
245 1 0 $a Signaling effects of crowdfunding on venture investors' decision making $h [electronic resource] / $c by Michael Modl.
260 $a Wiesbaden : $b Springer Fachmedien Wiesbaden : $b Imprint: Springer Gabler, $c 2020.
300 $a xix, 192 p. : $b ill., digital ; $c 24 cm.
490 1 $a Innovation und entrepreneurship, $x 2627-1168
505 0 $a Introduction -- New Venture Financing Research -- Theory and Hypotheses -- Methods -- Data and Sample Description -- Venture Investors' Perceptions of Entrepreneurs' Financing Hierarchies -- Effects of Crowdfinancing on Subsequent Venture Capital Selection -- Summary, Discussion and Outlook.
520 $a Michael Modl examines the impact and signaling effects of crowd-based start-up financing on subsequent venture capital funding rounds. The digital era has substantially expanded the entrepreneurial financing landscape and crowdfunding is emerging as a novel way for young innovative firms to secure scarce early-stage funding. As the evaluations of venture capitalists and business angels remain to be consequential for securing critical resources in later stages, questions on the interactions between new and traditional forms of venture financing arise. Drawing on choice experimental research designs the author provides causal empirical evidence that while "the crowd" is generally seen as a negative signal, it can generate certain positive signals which increase the likelihood of professional venture investors to consider crowdfunded start-ups for investment. The presented findings yield important implications for capital-seeking entrepreneurs, investors and public policy. Dr. Michael Maximilian Modl completed his dissertation under supervision of Prof. Dietmar Harhoff, Ph.D. at Ludwig-Maximilians-Universität Munchen and at the Max Planck Institute for Innovation and Competition.
650 0 $a Entrepreneurship. $3 183598
650 0 $a Economics. $3 175999
650 0 $a Management science. $3 200621
650 2 4 $a Economics, general. $3 731432
710 2 $a SpringerLink (Online service) $3 273601
773 0 $t Springer Nature eBook
830 0 $a Innovation und entrepreneurship. $3 731072
856 4 0 $u https://doi.org/10.1007/978-3-658-31590-0
950 $a Business and Management (SpringerNature-41169)