Table 4

Causal configurations leading to entrepreneurial fundraising success and overfunding

Configuration No.Success in equity crowdfunding [SUCC]Overfunding in equity crowdfunding [OVER]
C1*C2C3C4C5*C6*C7C8
IDEN  
ABSC       
RELC       
YEAR   
NINV      
LRES   
LEXP        
Raw coverage0.4255560.1533330.3544440.2905560.4353850.2653850.1353850.147692
Unique coverage0.1550000.1044440.1633330.1611110.2653850.0953840.1315390.143846
Consistency0.9986960.7340430.8644990.98493410.9913790.6494470.668990
Solution coverage0.9033330.81
Solution consistency0.8875540.881171

Note(s): Configurations marked with an asterisk (*) refer to corporate anchor investors. “●” refers to the presence of a condition within the configuration. “○” refers to the absence of a condition

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