Does equity crowdfunding benefit ventures located in high unemployment regions?

IF 6.5 1区经济学 Q1 BUSINESS

Small Business Economics Pub Date : 2024-03-14 DOI:10.1007/s11187-024-00908-0

引用次数: 0

Abstract

This study investigates whether equity crowdfunding is beneficial for ventures located in high unemployment regions. Employing data from 1172 initial offerings conducted in the UK market, the findings of this study reveal that these ventures exhibit superior campaign outcomes. Their offerings are more likely to reach the target and get oversubscribed. They also enjoy a higher number of investors. Results also suggest that although equity crowdfunding decreases their likelihood of failure, these ventures are still more likely to fail.

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股权众筹是否有利于高失业率地区的企业？

摘要本研究探讨了股权众筹是否有利于位于高失业率地区的创业企业。利用在英国市场上进行的 1172 次首次募股的数据，本研究的结果表明，这些风险企业表现出卓越的活动成果。它们的发行更有可能达到目标并获得超额认购。它们还拥有更多的投资者。研究结果还表明，尽管股权众筹降低了这些企业失败的可能性，但它们仍然更有可能失败。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Small Business Economics Multiple-

CiteScore

14.10

自引率

9.40%

发文量

124

期刊介绍： Small Business Economics: An Entrepreneurship Journal (SBEJ) publishes original, rigorous theoretical and empirical research addressing all aspects of entrepreneurship and small business economics, with a special emphasis on the economic and societal relevance of research findings for scholars, practitioners and policy makers. SBEJ covers a broad scope of topics, ranging from the core themes of the entrepreneurial process and new venture creation to other topics like self-employment, family firms, small and medium-sized enterprises, innovative start-ups, and entrepreneurial finance. SBEJ welcomes scientific studies at different levels of analysis, including individuals (e.g. entrepreneurs'' characteristics and occupational choice), firms (e.g., firms’ life courses and performance, innovation, and global issues like digitization), macro level (e.g., institutions and public policies within local, regional, national and international contexts), as well as cross-level dynamics. As a leading entrepreneurship journal, SBEJ welcomes cross-disciplinary research. Officially cited as: Small Bus Econ