What Happens After a Crowdfunding Campaign?

Forthcoming chapter in the Handbook of Research on Crowdfunding (Edited by Annaleena Parhankangas, Colin Mason & Hans Landström).

28 Pages Posted: 16 Jan 2019

See all articles by Tom R. Vanacker

Tom R. Vanacker

Ghent University; University of Exeter Business School

Silvio Vismara

University of Bergamo

Xavier Walthoff‐Borm

Ghent University - Faculty of Economics and Business Administration

Date Written: July 30, 2018

Abstract

In this chapter, we review the literature that investigates firms or projects after they have successfully raised funds (or failed to raise funds) on crowdfunding platforms. For this purpose, we first focus on firm outcomes, including firm failure, follow-on fundraising, and firm performance. When governments embrace crowdfunding this is primarily because policymakers expect that crowdfunding will allow firms with innovative ideas to form, grow, and flourish. Second, we focus on the promises made by entrepreneurs to the crowd, such as the delivery of rewards or the provision of returns. When the general public and investors embrace crowdfunding this is primarily because they expect that crowdfunding will provide them with non-financial and/or financial benefits. Finally, we provide a roadmap for scholars by providing an overview of important topics that warrant more attention in future research.

Keywords: equity crowdfunding

JEL Classification: G30

Suggested Citation

Vanacker, Tom R. and Vismara, Silvio and Walthoff‐Borm, Xavier, What Happens After a Crowdfunding Campaign? (July 30, 2018). Forthcoming chapter in the Handbook of Research on Crowdfunding (Edited by Annaleena Parhankangas, Colin Mason & Hans Landström)., Available at SSRN: https://ssrn.com/abstract=3312800

Tom R. Vanacker

Ghent University ( email )

Sint-Pietersplein 7
Gent, 9000
Belgium

University of Exeter Business School ( email )

Streatham Court
Exeter, EX4 4JH
United Kingdom

Silvio Vismara (Contact Author)

University of Bergamo ( email )

Via dei Caniana
2
Bergamo, 24127
Italy
24127 (Fax)

HOME PAGE: http://https://scholar.google.it/citations?user=Sa8sBkoAAAAJ&hl=en

Xavier Walthoff‐Borm

Ghent University - Faculty of Economics and Business Administration ( email )

Ghent, B-9000
Belgium

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