The Role of Equity Crowdfunding Campaigns in Shaping Firm Innovativeness: Evidence from Italy

Valenza, Giuseppe, Balzano, Marco, Tani, Mario and Caputo, Andrea (2023) The Role of Equity Crowdfunding Campaigns in Shaping Firm Innovativeness: Evidence from Italy. European Journal of Innovation Management, 26 (7). pp. 86-109. ISSN 1460-1060

Full content URL: https://doi.org/10.1108/EJIM-04-2022-0212

Documents
The Role of Equity Crowdfunding Campaigns in Shaping Firm Innovativeness: Evidence from Italy
Authors' Accepted Manuscript
[img]
[Download]
The Role of Equity Crowdfunding Campaigns in Shaping Firm Innovativeness: Evidence from Italy
Published manuscript
[img]
[Download]
[img]
Preview
PDF
2022_EJIM_The Role of Equity Crowdfunding Campaigns in Shaping Firm Innovativeness_Valenza Balzano Tani Caputo.pdf - Whole Document
Available under License Creative Commons Attribution-NonCommercial 4.0 International.

655kB
[img]
Preview
PDF
10-1108_EJIM-04-2022-0212.pdf - Whole Document
Available under License Creative Commons Attribution 4.0 International.

342kB
Item Type:Article
Item Status:Live Archive

Abstract

Purpose
This paper aims to contribute to the scientific debate concerning the impact of equity crowdfunding on the performance of crowdfunded firms after campaigning. To this aim, the purpose of this paper is to investigate the relationship between the characteristics of the campaign and the subsequent firm innovativeness.
Design/methodology/approach
This study adopts a quantitative research approach to evaluate if the entrepreneurial choices affecting the characteristics of the equity crowdfunding campaigns have an impact on the post-campaign firm innovativeness.
Findings
The results of the models show that the campaign characteristics have a direct impact on the firm innovativeness, both in terms of offering and communication and the campaign performance.
Originality/value
This paper presents one of the first studies to investigate the relationship between the choice of campaign characteristics and the post-campaign firm innovativeness. As such, the study contributes to both the literature concerning start-up innovation and the literature about the impact of equity crowdfunding.

Keywords:equity crowdfunding, firm innovativeness, innovation, performance, Italy, post-campaign
Subjects:N Business and Administrative studies > N100 Business studies
Divisions:Lincoln International Business School
ID Code:52810
Deposited On:17 Jan 2023 12:08

Repository Staff Only: item control page