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Investors’ industry preference in equity crowdfunding

Author

Listed:
  • Sofia Johan

    (Florida Atlantic University
    University of Aberdeen Business School)

  • Yelin Zhang

    (Gonzaga University)

Abstract

Equity Crowdfunding Online Portals offer access to investors, resources and fundraising support to numerous equity crowdfunding projects from different industry sectors. In this context, we study investors’ preferences of equity crowdfunding projects in different industries. We present novel empirical evidence revealing differences in startup characteristics across various industry sectors and examine how certain startup characteristics influence business valuations for representative industries in equity crowdfunding. A new business valuation method in equity crowdfunding is introduced to facilitate our analyses.

Suggested Citation

  • Sofia Johan & Yelin Zhang, 2022. "Investors’ industry preference in equity crowdfunding," The Journal of Technology Transfer, Springer, vol. 47(6), pages 1737-1765, December.
    • Handle: RePEc:kap:jtecht:v:47:y:2022:i:6:d:10.1007_s10961-021-09897-8
    DOI: 10.1007/s10961-021-09897-8
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    References listed on IDEAS

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    Cited by:

    1. Cumming, Douglas & Meoli, Michele & Rossi, Alice & Vismara, Silvio, 2024. "ESG and crowdfunding platforms," Journal of Business Venturing, Elsevier, vol. 39(1).

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    More about this item

    Keywords

    Equity crowdfunding; Industry effect; Business valuation;
    All these keywords.

    JEL classification:

    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

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