Investors’ choices between cash and voting rights: Evidence from dual-class equity crowdfunding

Cumming, Douglas J.; Meoli, Michele; Vismara, Silvio

doi:10.1016/j.respol.2019.01.014

Cited by 180 publications

(182 citation statements)

References 64 publications

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“…There are some equity CF platforms on which sophisticated investors participate. These investors are usually particularly concerned about their voting and control rights (Cumming et al 2019b). Nevertheless, despite the reluctance of CF investors to become actively involved in controlling and managing their investees, they are, as other shareholders, interested in their future proceeds.…”

Section: The Impact Of Monitoring and Value Added By Fundersmentioning

confidence: 99%

The entrepreneurial finance markets of the future: a comparison of crowdfunding and initial coin offerings

et al. 2020

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Entrepreneurial finance markets are in a dynamic state. New market niches and players have developed and continue to emerge. The rules of the game and the methods for receiving financial backing have changed in many ways. This editorial and the special issue of Small Business Economics focus on crowdfunding (CF) and initial coin offerings (ICOs), which are two distinct but important entrepreneurial finance market segments of the future. Although the two market segments initially appear to be similar, we identify differences between them. Our comparison focuses on the stakeholders, micros t r u c t u r e s , r e g u l a t o r y e n v i r o n m e n t s , a n d development of the markets. We conclude with suggestions for future ICO and CF research.

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Section: The Impact Of Monitoring and Value Added By Fundersmentioning

confidence: 99%

The entrepreneurial finance markets of the future: a comparison of crowdfunding and initial coin offerings

et al. 2020

Self Cite

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“…This domain is located on the x-axis, which indicates the growing internal links and considerable connection with other research domains. This domain focuses particularly on the crowdfunding topic; some exemplary studies are Cumming et al (2019b), Foster (2019), Hervé et al (2019), Vismara (2019), and Miller et al (2019).…”

Section: Main Research Domainsmentioning

confidence: 99%

On the 50-Year Research Landscape of Entrepreneurial Finance: A Sign of Western Ideological Homogeneity?

Nguyen

Pham

et al. 2020

SSRN Journal

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Financing issues play essential roles in the survival and development of entrepreneurial firms. The current study, employing the bibliometric analysis of 6,903 articles from 1970 to 2019, extracted from Web of Science database, aims to provide an overview of the discipline's landscape and major scientific domains to facilitate scientific development within the field. Entrepreneurial finance is a young and growing field with exponential growth in the number of publications (with 19.54% per year) and rising collaboration tendency among authors. Journal of Business Venturing is the most prestigious journal, while Sustainability is noteworthy for its rapid contribution to the field. We also note a sign of Western ideological homogeneity from the collaboration networks and lists of top authors, institutions, and countries. Besides, using keyword co-occurrence analysis, seven major research domains are identified: "venture capital", "crowdfunding", "SMEs finance", "social entrepreneurship finance", "financial risk", "microfinance", and "human-social-financial capital". Based on these findings, we raise the concern of lacking diversity in entrepreneurial finance research and provide several recommendations for future potential research directions.

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“…This domain is located on the y-axis, which indicates the growing external links representing connections with other research domains. This domain focuses mainly on the crowdfunding topic; some exemplary studies are Cumming et al ( 2019b ), Foster ( 2019 ), Hervé et al ( 2019 ), Vismara ( 2019 ), and Miller et al ( 2019 ). As crowdfunding is a recently developed topic and relatively transversal, the domain's internal links are weak.…”

Section: Resultsmentioning

confidence: 99%

On the social and conceptual structure of the 50-year research landscape in entrepreneurial finance

Nguyen

Pham

et al. 2020

SN Bus Econ

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In recent decades, drastic changes in global social-economic situations have led to significant shifts in the financial market for entrepreneurial firms, thus resulting in changes in entrepreneurial finance discipline. The current body of literature, despite its significant growth, has not provided an overview landscape of this research area. Consequently, this study aims to fill this gap by employing the bibliometric analysis of 6902 articles from 1970 to 2019 extracted from the Web of Science database. By doing so, this paper attempts to provide an overview of the discipline's research output, social and conceptual structure, and offer strategies facilitating the scientific development within the field. The findings indicate that entrepreneurial finance is a young and growing field with an exponential increase in the number of publications (approx. 19.75 percent per year) and rising collaboration tendency among authors. The 1991–2000 period is a crucial milestone of the field thanks to the remarkable growth and impact of studies during this period as well as simultaneously occurring historical events. We also notice a sign of Western ideological homogeneity from the collaboration networks and lists of most productive authors, institutions, and countries. Additionally, using thematic mapping, five major research domains are identified: “venture capital”, “crowdfunding”, “SMEs finance”, “social entrepreneurship finance”, “IPO and corporate governance”. Based on these findings, we raise the concern of lacking diversity in entrepreneurial finance research and propose strategies for authors, journals, and policymakers to diversify the literature.

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Investors’ choices between cash and voting rights: Evidence from dual-class equity crowdfunding

Cited by 180 publications

References 64 publications

The entrepreneurial finance markets of the future: a comparison of crowdfunding and initial coin offerings

The entrepreneurial finance markets of the future: a comparison of crowdfunding and initial coin offerings

On the 50-Year Research Landscape of Entrepreneurial Finance: A Sign of Western Ideological Homogeneity?

On the social and conceptual structure of the 50-year research landscape in entrepreneurial finance

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