IDEAS home Printed from https://ideas.repec.org/a/bla/acctfi/v64y2024i2p1549-1568.html
   My bibliography  Save this article

Let others know who your friends are: The effect of collaborator disclosure on crowdfunding performance

Author

Listed:
  • Feng Chen
  • Song Chen
  • Jian Ding
  • Ercheng Shan
  • Pu Zhao

Abstract

Our analysis of 141,848 campaigns on the Kickstarter crowdfunding platform suggests that collaborator disclosure has a substantial positive impact on crowdfunding performance. This finding is consistently supported by a series of robustness tests. Collaborator disclosure alleviates backers' concerns about campaign risk, the competence of the fundraiser, and the fundraiser's lack of experience. Our findings highlight the significance of disclosing information about collaborators in financial markets with high levels of information asymmetry. In addition, our research adds to the existing literature on voluntary information disclosure and its ability to alleviate market frictions.

Suggested Citation

  • Feng Chen & Song Chen & Jian Ding & Ercheng Shan & Pu Zhao, 2024. "Let others know who your friends are: The effect of collaborator disclosure on crowdfunding performance," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 64(2), pages 1549-1568, June.
    • Handle: RePEc:bla:acctfi:v:64:y:2024:i:2:p:1549-1568
    DOI: 10.1111/acfi.13190
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/acfi.13190
    Download Restriction: no
    File URL: https://libkey.io/10.1111/acfi.13190?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:acctfi:v:64:y:2024:i:2:p:1549-1568. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/aaanzea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.