股权众筹中投资者情绪的动态影响:揭示何时

IF 4.5 2区 管理学 Q1 BUSINESS British Journal of Management Pub Date : 2024-07-17 DOI:10.1111/1467-8551.12854
Thang Nguyen, Jiaqi Guo, Daniel Dao, Thanh Nguyen, Bao To
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引用次数: 0

摘要

投资者情绪对众筹捐款的影响众所周知,在此基础上,我们深入探讨了情绪影响投资者选择的具体条件。我们以心理学理论为基础,断言情绪的影响会在投资者关注的高峰期蓬勃发展,主要是在众筹活动的第一天,而且是在不确定性较大的项目中。我们的实证研究基于英国 Crowdcube 平台上 447 个项目的 17,244 次每日观察,证实了我们的观点。我们的研究增强了股权众筹投资者的理解力,并为其支持者提供了实用的见解。
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The Dynamics of Investor Sentiment Impacts in Equity Crowdfunding: Unveiling the When
Expanding upon the known impact of investor sentiment on crowdfunding contributions, we delve deeper to pinpoint specific conditions under which sentiment influences investor choices. Grounded in psychological theory, we assert that sentiment's influence thrives at the peak of investor attention, primarily on a campaign's first day and among projects with greater uncertainty. Our empirical study, based on 447 campaigns with 17,244 daily observations from the United Kingdom's Crowdcube platform, substantiates our claim. Our research enhances the comprehension of equity crowdfunding investors and provides practical insights for its proponents.
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来源期刊
CiteScore
10.00
自引率
12.50%
发文量
87
期刊介绍: The British Journal of Management provides a valuable outlet for research and scholarship on management-orientated themes and topics. It publishes articles of a multi-disciplinary and interdisciplinary nature as well as empirical research from within traditional disciplines and managerial functions. With contributions from around the globe, the journal includes articles across the full range of business and management disciplines. A subscription to British Journal of Management includes International Journal of Management Reviews, also published on behalf of the British Academy of Management.
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