| Original language | English |
|---|---|
| Pages (from-to) | 1115-1142 |
| Number of pages | 28 |
| Journal | Small Business Economics |
| Volume | 59 |
| Issue number | 3 |
| DOIs | |
| Publication status | Published (VoR) - 15 Jan 2022 |
Funding
I am grateful to Julie Ann Elston and two anonymous referees for their invaluable comments and suggestions. Also many thanks to Vincent Crawford, Gary Dushnitsky, Geoffrey Hodgson, Todd Kaplan, Peter Klein, Claire Leitch, Victor Miglo, Simon C Parker, Deborah Trask, and the seminar participants at Ulster University, University of Waikato and University of Twente for their helpful comments and editing assistance.
Keywords
- Crowdfunding
- Debt financing
- Demand uncertainty
- Moral hazard
- Reward-based crowdfunding