Lead investors and information disclosure: A test of signaling theory by fuzzy-set qualitative comparative analysis approach

被引：10
|
作者：
Li, Yaokuang [1 ]
Ling, Li [1 ]
Zhang, Daru [2 ]
Wu, Juan [3 ]
机构：
[1] Hefei Univ Technol, Sch Management, 193 Tunxi Rd, Hefei 230009, Anhui, Peoples R China
[2] Anhui Polytech Univ, Sch Management Engn, Wuhu, Peoples R China
[3] Anhui Med Univ, Sch Humanist Med, Hefei, Peoples R China
来源：
MANAGERIAL AND DECISION ECONOMICS | 2021年 / 42卷 / 04期
关键词：
SOCIAL NETWORKS; SELF-DISCLOSURE; VENTURE; ENTREPRENEURIAL; ONLINE; QCA; PERFORMANCE; INVESTMENT; DECISION; UNDERWRITERS;
D O I：
10.1002/mde.3276
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This article aims to examine the complexity of lead investor's signaling by information disclosure in equity crowdfunding. We use 40 samples from a Chinese equity crowdfunding source to explore why lead investor influences followers' decision making and how lead investor signals effectively by using fuzzy-set qualitative comparative analysis (fsQCA) approach. Our findings enrich the literature on the lead investors and syndicate by testing the complexity of signaling in equity crowdfunding, shed new light on investigating the decision-making model of individuals at a disadvantage of information asymmetry, and offer insights into signaling strategically online.
引用
收藏
页码：836 / 849
页数：14
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