Attention across borders: Investor attention as a driver of cross‐border equity crowdfunding investments

Maula, Markku; Lukkarinen, Anna

doi:10.1002/sej.1424

Cited by 12 publications

(2 citation statements)

References 170 publications

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“…However, the peculiarity of the setting allows us to deepen other aspects, in particular, the odds of obtaining financing. Examples include the role of gender [113], [114], [115], [116], geographical factors [117], [118], sustainability issues [119], and the application of machine learning techniques [120], [121].…”

Section: A Research Trend 1: Platforms In the Sharing Economymentioning

confidence: 99%

A Bibliometric Review of the Business Platforming Literature: Theoretical Cornerstones and Research Trends

Domenico

Schiele

2024

IEEE Trans. Eng. Manage.

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Scholarly interest in business platforms has risen consistently in the past 10 years. As a pervasive topic in the business literature, business platforms are addressed not only in the management field but also in domains, such as economics, strategy, marketing, engineering, and information technology. We provide a review of the literature on business platforms using a bibliometric methodology. In doing so, we extend the scope of research by including the closely related topic of business ecosystems. Bibliometric techniques allow consideration of a broad selection of papers with a consequent reduction in bias. We start with a selection of 1914 publications from 2009 to 2022. First, we identify the theoretical cornerstones employing cocitation analysis. This technique allows us to determine the fundamental literature, including documents that date back to previous decades. Then, we employ bibliographic coupling to determine the most recent research trends, limiting the span to the 2018-2022 period. Finally, we propose a research agenda based on the identified gaps in current research trends.

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Section: A Research Trend 1: Platforms In the Sharing Economymentioning

confidence: 99%

A Bibliometric Review of the Business Platforming Literature: Theoretical Cornerstones and Research Trends

Domenico

Schiele

2024

IEEE Trans. Eng. Manage.

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“…Despite the geographical location barriers of prospective VC investors, potential entrepreneurs attempt to search for VC inflows beyond national borders in a way to compensate for potential constraints in the national VC supply (Schertler and Tykvova, 2012). Because, foreign private VC firms may support entrepreneurial ventures grow their companies in the location of the VC investors Maula & Lukkarinen, (2022), since cross border VC has potential benefits for entrepreneurial ventures over and above those entrepreneurs can obtain from national VC. We may therefore argue that in such circumstances, entrepreneurs might be specifically motivated to search for VC if their entrepreneurial ventures are in proximity to foreign VC hubs with more accessibility of VC.…”

Section: B Unequal Geographical and Technological Sector Data Selecti...mentioning

confidence: 99%

Venture Capital Financing as A Driver for Entrepreneurship Development in Africa. A Literature Review and Future Research Agenda

Idi

Chiloane-Tsoka

2022

ijebd

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Purpose: Several academics and practitioners have observed entrepreneurship development as a critical pillar for the prosperity of high-growth entrepreneurial ventures, new job opportunities, promotion of exports, and improvement of tax revenue across all countries. However, little is known about the role of VC in stimulating entrepreneurship development in Southern and East African regions. Design/methodology/approach: Therefore, we reviewed 121 articles in international accredited journals from 2001 to 2022 to provide insights into this field of study. Findings: Our results show that 90% of the reviewed articles were empirical, and 10% were theoretical. Furthermore, only 7% of the articles support the role of VC investment in entrepreneurship development. Colossal studies present beneficial results on this topic, but they are mainly from developed economies in Latin America and Europe, thus widening the literature gaps in Africa. Research limitations/implications: Whereas the VC industry has received growing attention from emerging economies lately, it is still divided and restricted to technology entrepreneurship sector. Practical implications: To the best of our understanding, this is the first multidisciplinary and integrative analysis that delivers a current thematic overview and insights into the explicit fields to create instincts for further empirical studies on the role of VC investment in entrepreneurship development in developing countries. Second, our literature analysis discloses significant literature gaps. Lastly, the authors improve the current literature by suggesting future research directions centred on an integration of exceeding Venture capital investors’ technological skills to foster entrepreneurship development. Paper type: Research paper

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Culture, international stakeholders, and crowdfunding

Cumming,

Sewaid

2024

Global Strategy Journal

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Research SummaryInternational crowdfunding platforms present a unique opportunity for foreign entrepreneurs to attract stakeholders, typically from either the entrepreneur's home‐country or the platform's host‐country. We argue that success in mobilizing these stakeholders is culturally dependent. Specifically, cultural distance from the platform's host country can impede the mobilizing of home‐country stakeholders. Conversely, while attracting host‐country stakeholders may appear advantageous, these benefits are uncertain and limited for culturally‐proximal entrepreneurs. This is because their offerings are seen as less distinct compared to host‐country local offerings while introducing additional information asymmetries. Given these dynamics, we theorize that culturally‐distant entrepreneurs have better fundraising prospects when attracting host‐country backers, while culturally‐proximal entrepreneurs are more successful when mobilizing home‐country backers. Our analysis of 55,266 foreign projects on Kickstarter supports these arguments.Managerial SummaryThis study examines how cultural differences affect the success of entrepreneurs using non‐local crowdfunding platforms. We find that entrepreneurs from countries that are culturally distant from the platform's host‐country are more successful when they focus on attracting backers from the platform's host‐country. In contrast, entrepreneurs from culturally similar countries do better when they mobilize supporters from their home country. For practitioners, this means that understanding cultural distance is key to successful crowdfunding. Entrepreneurs should tailor their outreach strategy based on their cultural distance from the platform's host country. Those from culturally‐distant regions should prioritize backers from the platform's country, while those from culturally similar regions should focus on home‐country supporters to maximize their fundraising success.

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Attention across borders: Investor attention as a driver of cross‐border equity crowdfunding investments

Cited by 12 publications

References 170 publications

A Bibliometric Review of the Business Platforming Literature: Theoretical Cornerstones and Research Trends

A Bibliometric Review of the Business Platforming Literature: Theoretical Cornerstones and Research Trends

Venture Capital Financing as A Driver for Entrepreneurship Development in Africa. A Literature Review and Future Research Agenda

Culture, international stakeholders, and crowdfunding

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