scholarly journals Equity Crowdfunding: A Market for Lemons?

2014 ◽  
Author(s):  
Darian M. Ibrahim
Keyword(s):  
Market For Lemons ◽  
Equity Crowdfunding

scholarly journals Inclusive digital finance: the industry of equity crowdfunding

2021 ◽  
Author(s):  
Vincenzo Butticè ◽  
Silvio Vismara
Keyword(s):  
Visual Information ◽  
Entrepreneurial Finance ◽  
Industrial Dynamics ◽  
Relevant Research ◽  
Research Directions ◽  
Entrepreneurial Ventures ◽  
Equity Crowdfunding ◽  
Recent Developments

AbstractNowadays equity crowdfunding plays an important role in the entrepreneurial finance markets. To better understand the functioning of the industry, it is important to consider the entire equity crowdfunding process and all the actors involved. Equity crowdfunding platforms match indeed the demand of capital from entrepreneurial ventures with the supply of capital by investors. This manuscript is a first step in this direction, by (1) comparing equity crowdfunding with traditional sources of entrepreneurial finance; (2) discussing the potential and the perils of equity crowdfunding for inclusivity and democratization; (3) highlighting the role of visual information in digital finance; and (4) providing first insights on the industrial dynamics in equity crowdfunding. The paper gives researchers and practitioners orientation about recent developments in equity crowdfunding literature and provides relevant research directions.

Success Lies in the Eye of the Beholder: Personality Traits, Negativity Bias and Equity Crowdfunding

2021 ◽  
Vol 2021 (1) ◽  
pp. 11151
Author(s):  
Andrew Jay Isaak ◽  
Julia Neuhaus ◽  
Denefa Bostandzic
Keyword(s):  
Personality Traits ◽  
Negativity Bias ◽  
Equity Crowdfunding

Is the local wheat market a ‘market for lemons’? Certifying the supply of individual wheat farmers in Ethiopia

2021 ◽  
Author(s):  
Banawe Plambou Anissa ◽  
Gashaw Abate ◽  
Tanguy Bernard ◽  
Erwin Bulte
Keyword(s):  
Asymmetric Information ◽  
Willingness To Pay ◽  
Wheat Quality ◽  
High Quality ◽  
Auction Design ◽  
Market For Lemons ◽  
Wheat Market ◽  
Ex Ante

Abstract Bulking and mixing of smallholder supply dilutes incentives to supply high quality. We introduce wheat ‘grading and certification shops’ in Ethiopia and use an auction design to gauge willingness-to-pay (WTP) for certification. Bids correlate positively with wheat quality, and ex ante notification of the opportunity of certification improves wheat quality. These findings suggest that local wheat markets resemble a ‘market for lemons’, crippled by asymmetric information. However, aggregate WTP for grading and certification services does not re-coup the sum of fixed, flow and variable costs associated with running a single certification shop.

scholarly journals Market mechanisms and funding dynamics in equity crowdfunding

2018 ◽  
Vol 50 ◽  
pp. 556-574 ◽  
Author(s):  
Lars Hornuf ◽  
Armin Schwienbacher
Keyword(s):  
Market Mechanisms ◽  
Equity Crowdfunding
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