US Equity Crowdfunding: Real Effects of Financing Small Entrepreneurs

D Laporte, R Lester - Available at SSRN 4621185, 2023 - papers.ssrn.com
Small businesses are a critical component of private sector activity, yet many face financial
shortfalls that inhibit job creation, investment spending, and growth. We examine the …

Exploring the Knowledge Gaps of Crowdfunding Firms: A Survey of Crowdfunding Firms and Auditors

J Aland - Aland, J.(2022). Exploring the Knowledge Gaps of …, 2022 - papers.ssrn.com
Prior research shows that the accounting and financial reporting quality of startups and early-
stage firms is lower than that of public firms and firms later in their life-cycle. A growing …

The Effects of Information Asymmetry in Equity Crowdfunding Markets: Evidence from Regulation Crowdfunding

HG Du - Available at SSRN 4899761, 2023 - papers.ssrn.com
I study how heightened information asymmetry in equity crowdfunding affects underpricing
of firm offerings. Using a regulation in March 2021 that increased contribution limits for …

[PDF][PDF] Does financial disclosure and assurance (really) matter to equity crowdfunding investors? Examining investors' revealed and stated preferences

J Aland, N Cade, J Donovan - terry.uga.edu
We conduct a discrete choice experiment to simultaneously test the influence of eight factors
in equity crowdfunding investment decisions. In our experiment, real-world investors with …