Venture capital (VC) backed firms face neither the governance requirements nor a major
separation of ownership and control of their public peers. These differences suggest that …

This study examines the influence of platform characteristics—ownership stakes and
underwriting fees—on the outcomes of equity crowdfunding campaigns and their ability to …

This paper investigates how US private firms communicate with equity investors around
private capital raising. Using multiple research methods, including survey, interview, and …

We examine whether entrepreneurs with different racial backgrounds raise capital
successfully. After controlling for measures of firm and offering quality, we find that Black …

Using a novel setting where US private firms' decisions to report revenue information
publicly can be observed at a large scale, we document a stark trend of increasing …