The dynamics of investor sentiment impacts in equity crowdfunding: unveiling the when

Thang Nguyen; Jiaqi Guo; Daniel Dao; Thanh Nguyen; Bao To

doi:10.1111/1467-8551.12854

The dynamics of investor sentiment impacts in equity crowdfunding: unveiling the when

Thang Nguyen^*, Jiaqi Guo, Daniel Dao, Thanh Nguyen, Bao To

^*Corresponding author for this work

Accounting And Finance

Research output: Contribution to journal › Article › peer-review

34 Downloads (Pure)

Abstract

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.

Original language	English
Pages (from-to)	423-442
Number of pages	20
Journal	British Journal of Management
Volume	36
Issue number	1
Early online date	16 Jul 2024
DOIs	https://doi.org/10.1111/1467-8551.12854
Publication status	E-pub ahead of print - 16 Jul 2024

Funding

This research is partly funded by the University of Economics Ho Chi Minh City (UEH) under the grant number. Grant Number: 2024-01-09-2048.

Keywords

crowdfunding
investor sentiment
crowd source platforms

Access to Document

10.1111/1467-8551.12854Licence: CC BY 4.0

Nguyen-etal-BJM-2024-The-dynamics-of-investor-sentiment-impacts-in-equityFinal published version, 314 KBLicence: CC BY 4.0

Cite this

@article{1d92fd7e42754e04adcf5d24e60ffa69,

title = "The dynamics of investor sentiment impacts in equity crowdfunding: unveiling the when",

abstract = "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.",

keywords = "crowdfunding, investor sentiment, crowd source platforms",

author = "Thang Nguyen and Jiaqi Guo and Daniel Dao and Thanh Nguyen and Bao To",

year = "2024",

month = jul,

day = "16",

doi = "10.1111/1467-8551.12854",

language = "English",

volume = "36",

pages = "423--442",

journal = "British Journal of Management",

issn = "1045-3172",

number = "1",

}

TY - JOUR

T1 - The dynamics of investor sentiment impacts in equity crowdfunding

T2 - unveiling the when

AU - Nguyen, Thang

AU - Guo, Jiaqi

AU - Dao, Daniel

AU - Nguyen, Thanh

AU - To, Bao

PY - 2024/7/16

Y1 - 2024/7/16

N2 - 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.

AB - 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.

KW - crowdfunding

KW - investor sentiment

KW - crowd source platforms

U2 - 10.1111/1467-8551.12854

DO - 10.1111/1467-8551.12854

M3 - Article

SN - 1045-3172

VL - 36

SP - 423

EP - 442

JO - British Journal of Management

JF - British Journal of Management

IS - 1

ER -

The dynamics of investor sentiment impacts in equity crowdfunding: unveiling the when

Abstract

Funding

Keywords

Access to Document

Fingerprint

Cite this