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Keywords: Investment decision
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Journal Articles
Journal of Entrepreneurship in Emerging Economies (2022) 14 (2): 208–230.
Published: 31 July 2021
... of crowdfunding, the crowd’s incentives and/or compensation are different in equity-based crowdfunding. Unlike donation- or reward-based crowdfunding, in ECF, the crowd makes an investment decision, not a consumption or donation related one (Hervé et al., 2016). The conventional finance theory suggests...

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