Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
Financing Success through Equity crowdfunding: The case of Start-ups and SMEs funded on a European crowdfunding platform
Jönköping University, Jönköping International Business School, JIBS, Business Administration.
Jönköping University, Jönköping International Business School, JIBS, Business Administration.
2017 (English)Independent thesis Advanced level (degree of Master (One Year)), 10 credits / 15 HE creditsStudent thesis
Abstract [en]

Due to changes of regulations in the banking sector after the credit crunch, equity crowdfunding has become an alternative funding source in raising capital for small and medium sized enterprises, that face a lack of financial resources or trustworthiness.

The aim of this thesis is to identify the determinants of a successful equity crowdfunding project. We base the study on a sample of 398 projects pitched on an equity crowdfunding platform (Crowdcube) between 2011-2016. The analysis of the cross-section dataset is conducted of Logit, Ordinary Least Squares (OLS) and Negative Binomial regression models.

The results show that the more investors participate in the investment, the higher is the success of equity crowdfunding. Moreover, a higher equity participation offered to the investors also has a positive impact on the financing success. However, a prior crowdfunding history of the company does not raise its reliability. Moreover, technology companies are less trusted by the investors and less successful on equity crowdfunding platform. Depending on the model used, start-up companies usually gain a higher success with their pitch, which can be positively influenced by a high social media presence. 

Place, publisher, year, edition, pages
2017. , 47 p.
Keyword [en]
equity crowdfunding, success drivers, entrepreneur finance, funding gap
National Category
Business Administration
Identifiers
URN: urn:nbn:se:hj:diva-35863ISRN: JU-IHH-FÖA-2-20170352OAI: oai:DiVA.org:hj-35863DiVA: diva2:1106260
Subject / course
IHH, Business Administration
Supervisors
Examiners
Available from: 2017-06-14 Created: 2017-06-07 Last updated: 2017-06-14Bibliographically approved

Open Access in DiVA

fulltext(1160 kB)104 downloads
File information
File name FULLTEXT01.pdfFile size 1160 kBChecksum SHA-512
b5ad9a055f29b3ec1170b3e6af5a6f91dd53c9ebf6ca62ddb15e8797a129fcb9ed8c8045714ca9e12fb0e2e6a7c0bca5b8307fdf51da79fb7a3d35b0101b02c4
Type fulltextMimetype application/pdf

By organisation
JIBS, Business Administration
Business Administration

Search outside of DiVA

GoogleGoogle Scholar
Total: 104 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

Total: 153 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf