Gender differences in the contribution patterns of equity-crowdfunding investors

Mohammadi, Ali; Shafi, Kourosh

doi:10.5465/ambpp.2016.16224abstract

Cited by 28 publications

(53 citation statements)

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“…These findings add to the literature that regards the crowd as a heterogeneous community and aims to identify differences in behavior (Hornuf and Schmitt 2016;Hervé et al 2019;Mohammadi and Shafi 2018;Günther et al 2018). With respect to crowdinvestors' motivations, our results confirm previous research that crowdfunders are not exclusively motivated by financial returns but also by pro-social or community motives (Gerber et al 2012;Belleflamme et al 2014;Bretschneider and Leimeister 2017).…”

Section: Discussionsupporting

confidence: 88%

“…These findings give reason to assume that the "crowd" is not a homogeneous community and some studies on crowdinvesting started to segregate the crowd. Hervé et al (2019) and Mohammadi and Shafi (2018) show that female crowdinvestors behave more risk averse than male ones, while Hornuf and Schmitt (2016) and Günther et al (2018) show that a local bias exists among crowdinvestors. Furthermore, Wallmeroth (2019) reports that large pledges (more than EUR 5000) at Companisto make up 3.2% of all pledges but account for about half of the raised funds.…”

Section: Background Literaturementioning

confidence: 99%

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Crowdinvesting in entrepreneurial projects: disentangling patterns of investor behavior

2020

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Crowdinvesting emerged recently as an alternative way of funding for start-up projects. Our dataset consists of 16,666 investments made at Companisto, one of the largest crowdinvesting platforms in Europe. Using cluster analysis based on individual investment decisions, we find that crowdinvestors differ in their investment strategies and motivations. We can distinguish three types of crowdinvestors: Casual Investors, Crowd Enthusiasts, and Sophisticated Investors. The types also vary in their response to project quality signals, project-related information reducing the degree of uncertainty, and social influence by fellow investors. We conclude that crowdinvestors are anything but a homogeneous group. Instead, they are motivated by different factors and respond to different signals when making investment decisions.

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Section: Discussionsupporting

confidence: 88%

Section: Background Literaturementioning

confidence: 99%

Crowdinvesting in entrepreneurial projects: disentangling patterns of investor behavior

2020

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“…The difference between Phase II and III is that investors are motivated to follow other investors' decisions instead of evaluating the quality of projects. The funding accumulated in the earlier stages attracts a large number of investors by enhancing collective intelligence (Yum et al 2012), reducing uncertainty (Colombo et al 2015); causing information cascades (Vismara 2016b); and leading to herding behaviours (Liu et al 2015;Mohammadi and Shafi 2018). The selfreinforcing mechanism is triggered by the fact that members in the virtual communities affect others' decision-making.…”

Section: Crowdfunding Activitiesmentioning

confidence: 99%

Crowdfunding and Social Capital: A Systematic Literature Review

2019

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“…Female are more risk averse than male. Apart from that, the male investor also follow the pattern of investment in the project that has the majority of male investor (Mohammadi and Shafi, 2018).…”

Section: Gender and Investment Decision Makingmentioning

confidence: 99%

The Impact of Other Comprehensive Income Items on Financial Performance: Case of Jordanian Commercial Banks

Saymeh¹,

Alkhazaleh²,

Musallam³

2019

TJSSR

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This study aims to determine the effect of the independent variable other comprehensive income on the dependent variables represented by the financial performance of commercial banks. Researcher has studied the case of Jordanian Commercial Banks during the period 2012 to 2017. The study sample consists of 13 Jordanian commercial banks. The study independent variable was given by the quotient of other comprehensive income on net income. The ratios: financial performance by return on assets, and return on equity were the two dependent variables. Study hypotheses were tested by the simple regression equation and T- test. It was found that there was a statistically significant effect of other comprehensive income on the financial performance as measured by the return on assets and return on equity. This significance can be attributed to the increasing weight of other comprehensive income items which makes the value of other comprehensive income an indicator of profitability and efficiency of banks and means of maximizing their wealth. It is recommended that Amman Stock Exchange, Securities Commission and the Companies Control Department, to urge the companies listed on ASE to increase the awareness of companies’ management about the importance of other comprehensive income concept.

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Gender differences in the contribution patterns of equity-crowdfunding investors

Cited by 28 publications

References 0 publications

Crowdinvesting in entrepreneurial projects: disentangling patterns of investor behavior

Crowdinvesting in entrepreneurial projects: disentangling patterns of investor behavior

Crowdfunding and Social Capital: A Systematic Literature Review

The Impact of Other Comprehensive Income Items on Financial Performance: Case of Jordanian Commercial Banks

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