Returns on Investments in Equity Crowdfunding

Andrea Signori; Silvio Vismara

doi:10.2139/ssrn.2765488

journal article Jan 01, 2016

Returns on Investments in Equity Crowdfunding

Andrea Signori

Silvio Vismara

SSRN Electronic Journal · Elsevier BV

View at Publisher Save 10.2139/ssrn.2765488

Topics

No keywords indexed for this article. Browse by subject →

References

57

[1]

Z J Acs "Innovation in large and small firms: An empirical analysis" American Economic Review (1988)

[2]

R Aggarwal "Institutional allocation in initial public offerings: Empirical evidence" Journal of Finance (2002) 10.3386/w9070

[3]

A K Agrawal Some simple economics of crowdfunding (2013) 10.3386/w19133

[4]

Signaling in Equity Crowdfunding

Gerrit K.C. Ahlers, Douglas Cumming, Christina Günther et al.

Entrepreneurship Theory and Practice 2015 10.1111/etap.12157

[5]

Altfi Where are they now? A report into the status of companies that have raised finance using Equity Crowdfunding in the (2015)

[6]

D B Audretsch International mergers and acquisitions activity since 1990: Recent research and quantitative analysis (2007) 10.1016/b978-075068289-3.50009-5

[7]

P Belleflamme "Crowdfunding: Tapping the right crowd" Journal of Business Venturing (2014) 10.1016/j.jbusvent.2013.07.003

[8]

D Bonardo "The M&A dynamics of European science-based entrepreneurial firms" Journal of Technology Transfer (2010) 10.1007/s10961-009-9109-3

[9]

C Carpentier "The Survival and Success of Canadian Penny Stock IPOs" Small Business Economics (2011) 10.1007/s11187-009-9190-x

[10]

T J Chemmanur "The Going-Public Decision and the Product Market" Review of Financial Studies (2010) 10.1093/rfs/hhp098

[11]

T J Chemmanur The Exit Choices of Private Firms: A Dynamic Empirical Analysis (2016)

[12]

M Cholakova "Does the possibility to make equity investments in crowdfunding projects crowd out reward-based investments?" Entrepreneurship Theory and Practice (2015) 10.1111/etap.12139

[13]

C E H Chua "The role of online trading communities in managing Internet auction fraud" MIS Quarterly (2007) 10.2307/25148819

[14]

M G Colombo "Governmental venture capital for innovative young firms" Journal of Technology Transfer (2016) 10.1007/s10961-014-9380-9

[15]

X Gao "Where Have All the IPOs Gone?" Journal of Financial and Quantitative Analysis (2013) 10.1017/s0022109014000015

[16]

Optimal Investment, Monitoring, and the Staging of Venture Capital

PAUL A. GOMPERS

The Journal of Finance 1995 10.1111/j.1540-6261.1995.tb05185.x

[17]

The Venture Capital Revolution

Paul Gompers, Josh Lerner

Journal of Economic Perspectives 2001 10.1257/jep.15.2.145

[18]

The acquisition of technology and small firms by large firms

Ove Granstrand, Sören Sjölander

Journal of Economic Behavior & Organization 1990 10.1016/0167-2681(90)90006-y

[19]

A Groh The global venture capital and private equity country attractiveness index 2012 annual report (2012) 10.2139/ssrn.1307090

[20]

S J Grossman "The costs and benefits of ownership: A theory of vertical and lateral integration" Journal of Political Economy (1986) 10.1086/261404

[21]

B H Hall "The impact of corporate restructuring on industrial research and development" Brookings Papers on Economic Activity, Special Issue Microeconomics (1990) 10.2307/2534781

[22]

R S Harris How Do Private Equity Investments Perform Compared to Public Equity? (2015) 10.2139/ssrn.2597259

[23]

O D Hart "Property rights and the nature of the firm" Journal of Political Economy (1990) 10.1086/261729

[24]

T Hellmann Financial Structure and Control in Venture Capital (1994)

[25]

T Hellmann "Contracting among founders" Economics and Organization (2015) 10.1093/jleo/ewv003

[26]

L Hornuf Funding dynamics in crowdinvesting (2015)

[27]

B A Jain "Does the Presence of Venture Capitalists Improve the Survival Profile of IPO Firms?" Journal of Business Finance & Accounting (2000) 10.1111/1468-5957.00350

[28]

S Kaplan "Private Equity Performance: Returns, Persistence and Capital Flows" Journal of Finance (2005) 10.1111/j.1540-6261.2005.00780.x

[29]

S N Kaplan "Should investors bet on the jockey or the horse? Evidence from the evolution of firms from early business plans to public companies" Journal of Finance (2009) 10.2139/ssrn.657721

[30]

K Kim The experts in the crowd: The role of reputable investors in a crowdfunding market (2014) 10.2139/ssrn.2258243

[31]

E Lehmann "Entrepreneurial human capital, complementary assets, and takeover probability" Journal of Technology Transfer (2012) 10.1007/s10961-011-9225-8

[32]

F R Lichtenberg "The effects of leveraged buyouts on productivity and related aspects of firm behavior" Journal of Financial Economics (1990) 10.1016/0304-405x(90)90025-u

[33]

F R Lichtenberg "Productivity and changes in ownership of manufacturing plants" Brookings Papers on Economic Activity (1987) 10.2307/2534451

[34]

T Mantecon "The IPO market as a screening device and the going public decision: evidence from acquisitions of privately and publicly held firms" Review of Quantitative Finance & Accounting (2011) 10.1007/s11156-010-0207-y

[35]

E Mollick "The dynamics of crowdfunding: An exploratory study" Journal of Business Venturing (2014) 10.1016/j.jbusvent.2013.06.005

[36]

After the Campaign: Outcomes of Crowdfunding

Ethan R. Mollick, Venkat Kuppuswamy

SSRN Electronic Journal 2014 10.2139/ssrn.2376997

[37]

Nesta Siding with the Angels (2009)

[38]

Nesta Understanding alternative finance: The UK alternative finance industry report (2014)

[39]

G Newman Superhighway Robbery: Preventing e-commerce crime (2003)

[40]

E K Pour "Why Do Companies Delist Voluntarily from the Stock Market" Journal of Banking & Finance (2013) 10.1016/j.jbankfin.2013.08.022

[41]

A Ralcheva On the Road to Success in Equity Crowdfunding (2016) 10.2139/ssrn.2727742

[42]

R G Rajan "Presidential address: The corporation in finance" Journal of Finance (2012) 10.1111/j.1540-6261.2012.01745.x

[43]

J R Ritter "The Long-Run Performance of Initial Public Offerings" Journal of Finance (1991) 10.1111/j.1540-6261.1991.tb03743.x

[44]

J R Ritter Restructuring to speed economic recovery (2013)

[45]

J R Ritter "Economies of Scope and IPO Volume in Europe" Handbook of Research on IPOs (2013) 10.4337/9781781955376.00008

[46]

W A Sahlman "The Structure and Governance of Venture-capital Organizations" Journal of Financial Economics (1990) 10.1016/0304-405x(90)90065-8

[47]

J C Shen "Adverse selection in acquisitions of small manufacturing firms: A comparison of private and public targets" Small Business Economics (2005) 10.1007/s11187-005-5332-y

[48]

A Schwartz "The Digital Shareholder" Minnesota Law Review (2015)

[49]

P J Seguin "Share Price and Mortality: An Empirical Evaluation of Newly Listed NASDAQ Stocks" Journal of Financial Economics (1997) 10.1016/s0304-405x(97)00019-6

[50]

A Signori Stock-financed M&As of newly listed firms (2016) 10.2139/ssrn.2699108

Showing 50 of 57 references

Cited By

36

ICOs after the decline: a literature review and recommendations for a sustainable development

Guillaume Andrieu, Aurélie Sannajust · 2023

Venture Capital

Attention across borders: Investor attention as a driver of cross‐border equity crowdfunding investments

Markku V. J. Maula, Anna Lukkarinen · 2022

Strategic Entrepreneurship Journal

Metrics