Gender stereotypes in equity crowdfunding: the effect of gender bias on the interpretation of quality signals
| Autor: | Kazem Mochkabadi, Simon Kleinert |
|---|---|
| Přispěvatelé: | Organisation,Strategy & Entrepreneurship, RS: GSBE other - not theme-related research |
| Jazyk: | angličtina |
| Rok vydání: | 2022 |
| Předmět: |
Signaling theory
PERCEPTIONS media_common.quotation_subject Commercial law Non-bank Financial Institutions Financial Instruments Context (language use) Pension Funds Institutional Investors Equity financing Accounting Gender role congruity theory REPUTATION Quality (business) Corporate Finance and Governance: General Equity crowdfunding Business and International Management Gender role Empirical evidence media_common INVESTMENTS General Engineering Entrepreneurship ATTENTION Gender PERFORMANCE FEMALE Entrepreneurial finance INVESTORS ENTREPRENEURIAL SUCCESS l26 - Entrepreneurship BUSINESS g30 - Corporate Finance and Governance: General Demographic economics LEADERSHIP Psychology Reputation |
| Zdroj: | The Journal of Technology Transfer, 47(6), 1640-1661. Springer Nature |
| ISSN: | 1573-7047 |
| DOI: | 10.1007/s10961-021-09892-z |
| Popis: | Equity crowdfunding has the potential to democratize entrepreneurial finance and provide female entrepreneurs with new and equal access to early-stage financing. In this paper, we present first empirical evidence on gender stereotypes in the context of technology ventures in equity crowdfunding. Drawing on signaling and gender role congruity theory, we hypothesize that quality signals have different effects depending on whether they are sent by male or female entrepreneurs. Results taken from a sample of 263 equity crowdfunding campaigns run by technology ventures confirm our hypotheses. In line with gender stereotypes, management experience is beneficial for male entrepreneurs but detrimental for female entrepreneurs. Interestingly, media coverage as a third-party signal has the oppositive effect, being more effective for female entrepreneurs. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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