Little is known about what happens after an unsuccessful equity crowdfunding campaign. Taking a socioemotional wealth perspective, we hypothesize that family business start-ups are more likely to eventually still raise equity financing relative to nonfamily business start-ups. Moreover, while family business start-ups 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.

(2023). Unsuccessful Equity Crowdfunding Offerings and the Persistence in Equity Fundraising of Family Business Start-Ups [journal article - articolo]. In ENTREPRENEURSHIP THEORY AND PRACTICE. Retrieved from https://hdl.handle.net/10446/286629

Unsuccessful Equity Crowdfunding Offerings and the Persistence in Equity Fundraising of Family Business Start-Ups

Rossi, Alice;Vismara, Silvio
2023-01-01

Abstract

Little is known about what happens after an unsuccessful equity crowdfunding campaign. Taking a socioemotional wealth perspective, we hypothesize that family business start-ups are more likely to eventually still raise equity financing relative to nonfamily business start-ups. Moreover, while family business start-ups 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.
articolo
2023
Rossi, Alice; Vanacker, Tom Roger; Vismara, Silvio
(2023). Unsuccessful Equity Crowdfunding Offerings and the Persistence in Equity Fundraising of Family Business Start-Ups [journal article - articolo]. In ENTREPRENEURSHIP THEORY AND PRACTICE. Retrieved from https://hdl.handle.net/10446/286629
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/10446/286629
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