Are equity crowdfunders sensitive to distance?
Abstract
This chapter presents data, also from the Australian Small Scale Offerings Board, on the role of distance between investors and the entrepreneur. This chapter also presents data on cash flow versus control rights in equity crowdfunding. The role of the influence of geographic distance among retail, accredited, and overseas investors and venture location in an equity crowdfunding context is considered in this chapter. By analyzing investment decisions, this chapter shows that geographic distance is negatively correlated with investment probability for all home country investors. In this chapter, a comparison of the home country and overseas investors is revealed, where overseas investors ...
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