Language’s future-oriented framing 57
In addition, the same recommendations are useful for entrepreneurs when
choosing where to promote crowdfunding campaigns.
This study also shows that national and regional linguistic heterogeneity
increases early-stage investments via VCs and crowdfunding. This result paves
the way for new perspectives in the analysis of the impact of immigration on
investments in new ventures. Policymakers and practitioners should consider
that the level of immigration in a country increases the exposure to a multi-
lingual environment and may impact the way citizens invest in early-stage
ventures.
We propose that these country and regional linguistic features and their inter-
action shape individuals’ cognitive frames, wh ...