TY - JOUR
T1 - The Dynamics of Investor Sentiment Impacts in Equity Crowdfunding
T2 - Unveiling the When
AU - Nguyen, Thang
AU - Guo, Jiaqi
AU - Dao, Daniel
AU - Nguyen, Thanh
AU - To, Bao
PY - 2024/7/16
Y1 - 2024/7/16
N2 - Expanding upon the known impact of investor sentiment on crowdfunding contributions, we delve deeper to pinpoint specific conditions under which sentiment influences investor choices. Grounded in psychological theory, we assert that sentiment's influence thrives at the peak of investor attention, primarily on a campaign's first day and among projects with greater uncertainty. Our empirical study, based on 447 campaigns with 17,244 daily observations from the United Kingdom's Crowdcube platform, substantiates our claim. Our research enhances the comprehension of equity crowdfunding investors and provides practical insights for its proponents.
AB - Expanding upon the known impact of investor sentiment on crowdfunding contributions, we delve deeper to pinpoint specific conditions under which sentiment influences investor choices. Grounded in psychological theory, we assert that sentiment's influence thrives at the peak of investor attention, primarily on a campaign's first day and among projects with greater uncertainty. Our empirical study, based on 447 campaigns with 17,244 daily observations from the United Kingdom's Crowdcube platform, substantiates our claim. Our research enhances the comprehension of equity crowdfunding investors and provides practical insights for its proponents.
U2 - 10.1111/1467-8551.12854
DO - 10.1111/1467-8551.12854
M3 - Article
SN - 1045-3172
JO - British Journal of Management
JF - British Journal of Management
ER -