Search results for "Funding"
showing 10 items of 130 documents
Crowdfunding and Social Entrepreneurship: Spotlight on Intermediaries
2019
This study contributes to the literature by describing how crowdfunding platforms that host social entrepreneurship projects build and preserve legitimacy. We study three intermediaries, analyzing the actions they take to ensure that creators and funders perceive crowdfunding as a trustworthy form of alternative finance. This study shows that the legitimacy that funders ascribe to a project&rsquo
Reward-based crowdfunding campaigns: Informational value and access to venture capital
2018
We consider an entrepreneur who designs a reward-based crowdfunding campaign when the campaign provides a signal about the future demand for the product and subsequent venture capital is needed. We find that both the informativeness of the campaign and considerations related to gaining access to venture capital funding affect the entrepreneur’s choice of campaign instruments, as well as her decision of whether to run a campaign. In particular, entrepreneurs should launch the campaign either when it is highly informative or when it is not informative at all. For relatively low levels of informativeness, but not so low that the venture capitalist (VC) completely ignores the campaign outcome …
Investor Motivations in Investment-Based Crowdfunding
2017
International audience; We investigate determinants of investment decisions in investment-based (equity and real estate) crowdfunding, using a novel investment-, investor- and campaign-level database. We find that this market is a man’s world, with nearly 93% of investments made by men. We find that women invest less in the riskiest investments but more in safer ones. These findings are better explained by differences in risk aversion than differences in overconfidence between men and women. Investors located in an area considered more "sociable" (socially friendly) also invest more, but only if the investor is a woman. Overall, the findings contribute to our understanding of how investment…
Hypothetical Investment Bias
2018
Young, entrepreneurial firms are particularly dependent on external investors to sustain their development. Are non-binding equity investment commitments informative? Our large sample evidence in the context of equity crowdfunding shows that only 18% of non-binding commitments made by investors in entrepreneurial firms are actually invested. The evidence is consistent with hypothetical bias. Hypothetical bias is significantly less pronounced among women, and among investors with greater social capital, proxied by education and wealth. While investment intentions are only partially reliable at the individual level, the aggregate amount of collected investment intentions is a strong predictor…
Does crowdfunding make the world go round?
2017
International audience
Developing post-primary education in sub-saharan africa
2010
Countries located at the South of Sahara are currently making significant progresses towards universal completion of primary education. Consequently the number of youngsters who knock at the door of secondary education is much increasing creating strong structural pressures on all segments of post-primary schooling. Identification of a strategy helping to cope with this issue in a sustainable way constitutes a major challenge for educational policies in all countries of the region. The research undertaken aims, in the diversity of national context, at exploring a large array of policy options (in terms of quantity, input mix and quality of services and modalities of financing) that could be…
L'enseignement post-primaire en Afrique subsaharienne : viabilité financière des différentes options de développement
2010
Countries located at the South of Sahara are currently making significant progresses towards universal completion of primary education. Consequently the number of youngsters who knock at the door of secondary education is much increasing creating strong structural pressures on all segments of post-primary schooling. Identification of a strategy helping to cope with this issue in a sustainable way constitutes a major challenge for educational policies in all countries of the region. The research undertaken aims, in the diversity of national context, at exploring a large array of policy options (in terms of quantity, input mix and quality of services and modalities of financing) that could be…
Le crowdfunding favorise-t-il l’innovation ?
2017
Thème du congrès : Les enjeux de l’innovation : quelles politiques ?, quelles gouvernances ?; International audience
Mieux comprendre les représentations associées au crowdfunding culturel pour améliorer sa mise en œuvre dans le secteur culturel et patrimonial
2018
National audience
La part des cotisations dans le budget des confédérations syndicales
2012
The paper analyses the budget of the seven French trade union confederations (CGT, CFDT, FO, CFTC, CGC, and USS UNSA). Since 2011, these organizations are obliged to publish their budgets according to the principle of transparency. The main purpose was to give the members' dues the higher weight in the total of the trade union budgets. Each organization has defined its reporting entity in terms of this issue. They did "derive" at the federal level the maximum members' contributions - even when these contributions were not intended to the federal level - and they housed most grants and subsidies in satellites outside their perimeter. Finally, the staffs made available, free of charge, to the…