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Erschienen in:
Exploring Innovation in a Digital World: An Introduction Kapitel lesen Erstes Kapitel lesen

2021 | OriginalPaper | Buchkapitel

Crowdfunding as Entrepreneurial Investment: The Role of Local Knowledge Spillover

verfasst von : Filippo Marchesani, Francesca Masciarelli

Erschienen in: Exploring Innovation in a Digital World

Verlag: Springer International Publishing

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Abstract

This paper explores the role of local knowledge spillover and human capital as a driver of crowdfunding investment. The role of territory has already been studied in terms of campaign success, but the impact of territory on the use of financial sources like equity crowdfunding is not yet known. Using a sample of 435 equity crowdfunding campaigns in 20 Italian regions during a 4-year period (from 2016 to 2019), this paper evaluates the impact of human capital flow on the adoption of crowdfunding campaigns. Our results show that inbound knowledge in the region, measured in terms of ability to attract national and international students, has a significant effect on the adoption of crowdfunding campaigns in the region itself.

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Vorheriges Kapitel Cultural Proximity and Firm Innovation: The Moderator Role of Digital Technologies
Nächstes Kapitel It’s Not Only What You Say but “How” You Say It: Linguistic Styles and ICOs Success
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Metadaten
Titel
Crowdfunding as Entrepreneurial Investment: The Role of Local Knowledge Spillover
verfasst von
Filippo Marchesani
Francesca Masciarelli
Copyright-Jahr
2021
Buch
Exploring Innovation in a Digital World

Print ISBN: 978-3-030-87841-2

Electronic ISBN: 978-3-030-87842-9

Copyright-Jahr: 2021

DOI
https://doi.org/10.1007/978-3-030-87842-9_8

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