Unsuccessful Equity Crowdfunding Offerings and the Persistence in Equity Fundraising of Family Business Startups
Rossi, A; Vanacker, T; Vismara, S
Date: 3 October 2022
Article
Journal
Entrepreneurship Theory and Practice
Publisher
SAGE Publications
Publisher DOI
Abstract
Little is known about what happens after an unsuccessful equity crowdfunding campaign.
Taking a socioemotional wealth perspective, we hypothesize that family business startups are
more likely to eventually still raise equity financing relative to non-family business startups.
Moreover, while family business startups are initially ...
Little is known about what happens after an unsuccessful equity crowdfunding campaign.
Taking a socioemotional wealth perspective, we hypothesize that family business startups are
more likely to eventually still raise equity financing relative to non-family business startups.
Moreover, while family business startups are initially less likely to provide voting rights, we
hypothesize that they are more likely to offer shares with voting rights after an unsuccessful
campaign. Using data on the UK equity crowdfunding market, we find support for our
hypotheses. This study adds novel insights into the nexus between equity crowdfunding and
family business literature.
Management
Faculty of Environment, Science and Economy
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