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The Future of Equity Crowdfunding - Is "The Crowd" Capable of Good Investment?

Skoglund, Emma LU and Stiernblad, Mina (2013) FEKN90 20131
Department 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.
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author
Skoglund, Emma LU and Stiernblad, Mina
supervisor
organization
course
FEKN90 20131
year
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},
  keyword      = {Crowdfunding,Equity Crowdfunding,Venture Finance,Wisdom of the Crowd,Social Influence Effect},
  language     = {eng},
  note         = {Student Paper},
  title        = {The Future of Equity Crowdfunding - Is "The Crowd" Capable of Good Investment?},
  year         = {2013},
}