Equity crowdfunding is an emerging area of research within the broader sphere of
entrepreneurship. Since 2012, research activities are steadily advancing, providing the …

We develop a process model of how and why entrepreneurial framing can lead to deception
and result in the loss of legitimacy in new ventures. We draw on the literature on framing and …

When entrepreneurs express their ambitions to achieve extraordinary financial growth, it
may signal growth potential to early-stage investors. However, as this study proposes …

Leveraging work on role theory and age stereotypes, we deploy a randomized experiment
that uses AI to manipulate founder age in fundraising appeals. Broadly, we find that age …

In this study we consider whether (a) image-and word-based communication modes and (b)
warmth and competence cues vary in their relative influence on different levels of …

We examine how external endorsements help new ventures with varying degrees of
innovativeness to attract funding. According to optimal distinctiveness theory, new ventures …

In equity crowdfunding, establishing legitimacy is crucial for firms to mitigate the information
asymmetry investors face. We propose that the strategic selection of incorporating a …

To hedge unforeseen risk, investors may prioritize male-led ventures that they anticipate
most other investors will prefer, arriving at decisions that are biased against women. Yet …

Despite the pervasive influence religion has on society, the role of religion in angel investor
decision-making remains unknown. This study tests a model of how religion–both as a …

Organizations need to both differentiate themselves while conforming to their audiences'
expectations. To meet this demand, organizations may span different categories. However …