Is the crowd sensitive to distance?—how investment decisions differ by investor type

This paper presents the first evidence of the influence of geographic distance among retail, accredited, and overseas investors and venture location in an equity crowdfunding context. By analyzing investment decisions, we show that geographic distance is negatively correlated with investment probabi...

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Veröffentlicht in:	Small business economics 2018-02, Vol.50 (2), p.289-305
Hauptverfasser:	Guenther, Christina, Johan, Sofia, Schweizer, Denis
Format:	Artikel
Sprache:	eng
Schlagworte:	Business and Management Crowdfunding Entrepreneurship Industrial Organization Investment decision Investment policy Investments Investors Management Microeconomics Studies Ventures
Online-Zugang:	Volltext
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