Are Syndicates the Killer App of Equity Crowdfunding?
Information asymmetry presents a challenge to equity crowdfunding just as in other markets for equity capital. Investors are less likely to finance startups when it is difficult to assess quality. Syndicates reduce market failures caused by information asymmetry by shifting the focal investment acti...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Article |
| Language: | en_US |
| Published: |
University of California Press
2016
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| Online Access: | http://hdl.handle.net/1721.1/103355 https://orcid.org/0000-0003-1312-6705 |