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Backer behaviours :
Backer behaviours : An explorative study of investor types in equity crowdfunding
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- Olsson, Ola (författare)
- Blekinge Tekniska Högskola,Institutionen för industriell ekonomi,Department of Business,Governance Regulation Internationalization and Performance (GRIP),Avdelningen för ekonomi,Blekinge Institute of Technology
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(creator_code:org_t)
- Inderscience Publishers, 2021
- 2021
- Engelska.
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Ingår i: International Journal of Entrepreneurship and Small Business. - : Inderscience Publishers. - 1476-1297 .- 1741-8054. ; 42:1-2, s. 156-168
- Relaterad länk:
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https://urn.kb.se/re...
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https://doi.org/10.1...
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Abstract
Ämnesord
Stäng
- Equity crowdfunding (ECF) is a new source of early-stage finance where ordinary people are the investors. In this context, investors are called backers, and their behaviours are less well understood. The contribution of this paper is to explore differences between backer investment behaviours. This is important, as it further positions backers when it comes to behaviour of different investor types, but also enables a discussion of attitudes and management of uncertainty from a portfolio theory perspective. The data include 4, 938 backer transactions collected from FundedByMe.com during 2012-2016. Most backers invest in single campaign portfolios (single-portfolio backers) and seem less attracted to uncertainty. However, 16% of the crowd invest in multiple campaign portfolios (multi-portfolio backers). They seem more attracted to uncertainty and most of them diversify to manage the portfolio uncertainty. Hence, a minority of the crowd seem to care about uncertainty and manage it in a professional manner. Copyright © 2021 Inderscience Enterprises Ltd.
Ämnesord
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Företagsekonomi (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Business Administration (hsv//eng)
Nyckelord
- Backer behaviour
- Diversification
- Early-stage finance
- ECF
- Equity crowdfunding
- Investment patterns
- Investor behaviour
- Management of uncertainty
- Portfolio management
- Specialisation
Publikations- och innehållstyp
- ref (ämneskategori)
- art (ämneskategori)
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