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Equity Crowdfunding: A Systematic Review of the Literature

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Equity Crowdfunding

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Notes

  1. 1.

    The term “crowdinvesting” is frequently used in German speaking countries.

  2. 2.

    For readers’ convenience, we updated the publication dates of earlier published versions. For our analysis, we used the first published online version according to our time frame.

  3. 3.

    Research areas referring to legal and regulatory issues will be part of Section 2.3.2.3

  4. 4.

    This information was received from the Seedrs Blog. https://www.seedrs.com/learn/blog/seedrs-news/features-updates/secondarymarket (Accessed 4 December 2017).

  5. 5.

    Some ventures have successfully obtained a subsequent equity crowdfunding campaign.

  6. 6.

    For further information on warm-glow theory, see Andreoni (1990).

  7. 7.

    No further information about the sample is available (e.g. platforms, equity crowdfunding experiences etc.)

  8. 8.

    For more information about calculus and relationship trust, see e.g. Ba et al. (2003) and Urban et al. (2009).

  9. 9.

    For a systematic review of research on the theory of consumption values see Sánchez-Fernández and Iniesta-Borillo 2007.

  10. 10.

    Pure crowd = without lead investors, Hybrid crowd = crowd is led by a lead investor.

  11. 11.

    Due to variation according the final number of observations, we are not able to name the exact number of syndicated and non-syndicated deals compared.

  12. 12.

    This framework incorporates all information system related risks. For more information, see Sherer and Alter (2004).

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Correspondence to Kazem Mochkabad Khoramchahi .

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Mochkabad Khoramchahi, K. (2020). Equity Crowdfunding: A Systematic Review of the Literature. In: Equity Crowdfunding. Springer Gabler, Wiesbaden. https://doi.org/10.1007/978-3-658-31266-4_2

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  • DOI: https://doi.org/10.1007/978-3-658-31266-4_2

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