The Future of Equity Crowdfunding - Is "The Crowd" Capable of Good Investment?
(2013) FEKN90 20131Department of Business Administration
- Abstract
- Applying traditional Corporate Finance and Corporate Governance theories, the purpose of this paper is to examine “the crowd’s” capability of being a good investor. Our main finding is that “the crowd” is highly sophisticated and consist of individuals capable of being good investors. We are also able to show that “the crowd” will act significantly more sophisticated in the situation of equity compared to traditional crowdfunding. Finally, we are not able to show any clear signs of the Social Influence Effect in our study, which gives further support for a sophisticated and “wise” crowd according to the wisdom of the crowd theory.
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/3814918
- author
- Skoglund, Emma LU and Stiernblad, Mina
- supervisor
- organization
- course
- FEKN90 20131
- year
- 2013
- type
- H1 - Master's Degree (One Year)
- subject
- keywords
- Crowdfunding, Equity Crowdfunding, Venture Finance, Wisdom of the Crowd, Social Influence Effect
- language
- English
- id
- 3814918
- date added to LUP
- 2013-06-19 11:09:19
- date last changed
- 2013-06-19 11:09:19
@misc{3814918, abstract = {{Applying traditional Corporate Finance and Corporate Governance theories, the purpose of this paper is to examine “the crowd’s” capability of being a good investor. Our main finding is that “the crowd” is highly sophisticated and consist of individuals capable of being good investors. We are also able to show that “the crowd” will act significantly more sophisticated in the situation of equity compared to traditional crowdfunding. Finally, we are not able to show any clear signs of the Social Influence Effect in our study, which gives further support for a sophisticated and “wise” crowd according to the wisdom of the crowd theory.}}, author = {{Skoglund, Emma and Stiernblad, Mina}}, language = {{eng}}, note = {{Student Paper}}, title = {{The Future of Equity Crowdfunding - Is "The Crowd" Capable of Good Investment?}}, year = {{2013}}, }