A duration-based model of crowdfunding project choice
| Autor: | Sascha Kraus, Linda Salahaldin, Martin Angerer, Donia Trabelsi |
|---|---|
| Přispěvatelé: | Ecole Supérieure du Commerce Extérieur - ESCE, International business school, Liechtenstein University, Département Droit, Economie et Finances (DEFI), Institut Mines-Télécom [Paris] (IMT)-Télécom Ecole de Management (TEM)-Institut Mines-Télécom Business School (IMT-BS), Institut Mines-Télécom [Paris] (IMT), Laboratoire en Innovation, Technologies, Economie et Management (EA 7363) (LITEM), Université d'Évry-Val-d'Essonne (UEVE)-Institut Mines-Télécom Business School (IMT-BS), Institut Mines-Télécom [Paris] (IMT)-Institut Mines-Télécom [Paris] (IMT), LITEM-NPR, Liechtenstein University = Universität Liechtenstein, Département Droit, Economie et Finances (IMT-BS - DEFI), Télécom Ecole de Management (TEM)-Institut Mines-Télécom [Paris] (IMT)-Institut Mines-Télécom Business School (IMT-BS) |
| Jazyk: | angličtina |
| Rok vydání: | 2019 |
| Předmět: |
050208 finance
Operations research Computer science 05 social sciences Funding decision Project duration Interval (mathematics) Investment choice Dynamic programming [SHS.ECO]Humanities and Social Sciences/Economics and Finance 0502 economics and business Value (economics) Key (cryptography) 050207 economics Duration (project management) Set (psychology) Crowdfunding Finance |
| Zdroj: | Finance Research Letters Finance Research Letters, Elsevier, 2019, 29, pp.404-410. ⟨10.1016/j.frl.2018.11.005⟩ Finance Research Letters, 2019, 29, pp.404-410. ⟨10.1016/j.frl.2018.11.005⟩ |
| ISSN: | 1544-6123 |
| DOI: | 10.1016/j.frl.2018.11.005⟩ |
| Popis: | CNRS 3, FNEGE 3, HCERES B; International audience; We analyze the impact of the duration of a crowdfunding project. To do so, we model the dynamics of crowdfunding from the funder’s and the receiver’s points of view, by a dynamic programming approach for computing the value of a platform’s opportunity at a given time and deriving the optimal funding decision. Our results highlight the importance of project duration on a crowdfunder’s investment choice, yielding interesting observations such as the existence of a key interval where the remaining campaign duration can be set up for successful funding and a corresponding dependence on the link between project target and utility. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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