所属栏目:公司金融/风险投资/2024/2024年第02期

Rating of Equity Crowdfunding Platforms in China
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发布日期:2024年04月09日 上次修订日期:2024年04月09日

摘要

This paper examines the impact of the rating of equity crowdfunding platforms in China on funding campaign success. We gather information from 2014 to 2021 on 583 fund raising campaigns. Our results suggest that campaign success is positively correlated with the reputation of the platforms but especially for the most reputable one. We also show that the level of technological intensity of the industries and services is positively correlated with the amount raised. Overall, our paper suggests that platform ratings provide a valuable signal to investors, especially when projects are risky and when information asymmetry is high.
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Sophie Pommet; Aurélie Sannajust; Qing Xu Rating of Equity Crowdfunding Platforms in China (2024年04月09日) https://www.cfrn.com.cn/dzqk/detail/15628

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