The last decade has seen the emergence of alternative sources of early-stage finance,
which are radically changing and reshaping the start-up eco-system. These include …

This paper reviews 20 years of research on the angel segment of the venture capital market.
A lot has been learnt from one-shot studies of the attitudes, behaviour and characteristics of …

Abstract Information, which can arrive in multiple forms, is a fundamental component of all
financial transactions and markets. We define hard and soft information and describe the …

We examine a crowdfunding platform that connects artists with funders. Although the Internet
reduces many distance‐related frictions, local and distant funders exhibit different funding …

When they lack resources to commercialize science, entrepreneurs rely on intermediary
organizations often within their local ecosystems. This paper seeks to improve our …

An extensive literature in economics and finance has documented home bias, the tendency
that transactions are more likely to occur between parties in the same geographical area …

Perhaps the most striking feature of" crowdfunding" is the broad geographic dispersion of
investors in small, early-stage projects. This contrasts with existing theories that predict …

Online product reviews are increasingly important for consumer decisions, yet we still know
little about how reviews are generated in the first place. In an effort to gather more reviews …

Online crowdfunding means relying on the Internet to seek financial support from the
general public. In this paper, we examine success factors in the social capital networks of …

This paper develops and tests a set of hypotheses concerning how impression management
strategies deployed by entrepreneurs affect their likelihood to secure funding. We test our …