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041 _afre
042 _adc
100 1 0 _aGoglin, Christian
_eauthor
700 1 0 _a Bessière, Véronique
_eauthor
245 0 0 _aHow do equity crowdfunding investors choose their investments?
260 _c2024.
500 _a35
520 _aThis work analyzes the importance of personal values in equity crowdfunding investment choice. Employing a theoretical framework borrowing theories from the fields of finance, marketing, and psychology, our model proposes several antecedents for investment choice and focuses on the congruence between the investor’s personal values and the values promoted by the startup during its fundraising campaign. The results of our laboratory experiment, based on real-life campaign material, suggest that the investor’s personal values and interest in the project are more important than the perceived signal quality of the project in explaining the decision to invest. Furthermore, two opposed values emerge from the study—“Universalism” and “Power”—in line with the typical two-way classification of SRI investors into value-based and value-seeking investor groups.
690 _apersonal values
690 _aequity crowdfunding
690 _aethics
690 _avalue congruence
690 _aaffective reactions
690 _ainvestment choice
786 0 _nRevue de l’Entrepreneuriat / Review of Entrepreneurship | 22 | 4 | 2024-02-20 | p. 43-73 | 1766-2524
856 4 1 _uhttps://shs.cairn.info/journal-review-of-entrepreneurship-2023-4-page-43?lang=en&redirect-ssocas=7080
999 _c475493
_d475493