Abstract
Expanding upon the known impact of investor sentiment on crowdfunding contributions, we delve deeper to pinpoint specific conditions under which sentiment influences investor choices. Grounded in psychological theory, we assert that sentiment's influence thrives at the peak of investor attention, primarily on a campaign's first day and among projects with greater uncertainty. Our empirical study, based on 447 campaigns with 17,244 daily observations from the United Kingdom's Crowdcube platform, substantiates our claim. Our research enhances the comprehension of equity crowdfunding investors and provides practical insights for its proponents.
| Original language | English |
|---|---|
| Pages (from-to) | (In-Press) |
| Number of pages | 20 |
| Journal | British Journal of Management |
| Volume | (In-Press) |
| Early online date | 16 Jul 2024 |
| DOIs | |
| Publication status | E-pub ahead of print - 16 Jul 2024 |
Bibliographical note
© 2024 The Author(s). British Journal of Management published by John Wiley & Sons Ltd on behalf of British Academy of Management. This is an open access article under the terms of the Creative Commons Attribution License, which permits use, distribution and reproduction in any medium, provided the original work is properly cited.Funder
This research is partly funded by the University of Economics Ho Chi Minh City (UEH) under the grant number. Grant Number: 2024-01-09-2048.Keywords
- Equity Crowdfunding
- Investor Sentiment
- Investor Attention
- Firm Uncertainty
ASJC Scopus subject areas
- Business, Management and Accounting(all)
- Management of Technology and Innovation
- Strategy and Management