1,720,969 research outputs found
The role of entrepreneur’s experience and company control in influencing the credibility of passion as a signal in equity crowdfunding
No full textIn this study, we focus on entrepreneurs' passion as a signal in influencing fundraising success via equity crowdfunding. Moreover, we look at the role of entrepreneurs' task-specific experience - industry and startup experience- and company control in influencing the credibility of passion as a signal.Through a text analysis of 606 equity crowdfunding campaigns in the UK, we found that entrepreneurs' displayed passion positively influences funding success and that entrepreneurs' startup experience reinforces the credibility of this signal, i.e., the impact of passion on fundraising success. Additionally, we found that when entrepreneurs retain more shares of the company, the influence of displayed passion on funding success is greater. Our study contributes to the crowdfunding literature highlighting the importance of entrepreneurs' passion in influencing fundraising success via crowdfunding, and what influences the credibility of passion as a signal
Flying solo: the determinants of individual Business Angels investment decisions against the BAN selection
No full textBusiness angels research in entrepreneurial finance: a literature review and a research agenda
Full text linkSince the seminal works of Wetzel, research on business angels (BAs) has emerged as a new and promising research field. This review analyses the current knowledge on BAs, identifying the main contents and outcomes. We also provide a bibliometric analysis to illustrate the evolution of the research field, the level of dispersion of the scientific community, the main outlets for publication and the different methodological approaches adopted. Through the analysis of backward and forward citations, we depict the current knowledge base on which BA research is grounded and whether it has any impact on other research fields
How business angel groups work: rejection criteria in investment evaluation
Full text linkIn this article, we study the decision-making criteria that business angels (BAs) adopt when screening business opportunities in the different assessment phases (pre-screening, screening and due diligence). We exploit an original dataset of 1942 ventures that sought angel investment from 2008 to 2014 from the members of Italian Angels for Growth (IAG). Results have shown that the emphasis that BAs place on rejection criteria and contact channels varies along the three considered stages of the investment process. In particular, we found that business proposals brought to the attention of BAs by venture capitalists are more likely to get through the pre-screening stage, suggesting an important quality certification role played by venture capitalists. Moreover, at the screening stage (in comparison with the pre-screening stage), proposals are rejected more often for reasons related to the characteristics of the entrepreneur and management team and less often for the lack of business innovativeness. Finally, business proposals showing lower levels of profitability are more likely to be rejected after the due diligence
The Divergence of ESG Ratings: An Analysis of Italian Listed Companies
Full text linkThe increasing attention to sustainability issues in finance has brought to a proliferation of environmental, social, and governance (ESG) metrics and rating providers that results in divergences among ESG ratings. Based on a sample of Italian listed firms, this paper investigates these divergences through a framework that decomposes ESG ratings in a value and a weight component at the pillar (i.e., E, S, G) and category (i.e., sub-pillar) level. We find that weights divergence, and social and governance indicators are the main driver of rating divergences. The research contributes to develop a new tool for analyzing ESG divergences and provides a number of recommendations for researchers and practitioners, stressing the need to understand what is really measured by ESG rating agencies and the need of standardization and transparency of ESG measurement to favor a more homogeneous set of indicators
How crowdfunders are influenced by entrepreneurial passion A dual information processing perspective
Full text linkWe incorporate Entrepreneurial Passion into a dual theory of information processing, theorizing that passion can be used as information in analytical thinking, and as an heuristic, in intuitive thinking. We found, in the crowdfunding setting, that passion is less influential if displayed in combination with low preparedness, i.e. in conditions of incoherence/disfluency, and when the judgment is important for the decision maker. This conceptual framework reconciles some of the contradictory findings of prior evidence and improves the predictive power of Entrepreneurial Passion theory, suggesting that affective cues have the power to influence decisions in contexts characterized by large numbers of non-professional investors
Going Beyond Counting First Authors in Author Co-citation Analysis
Full text linkThe present study examines one of the fundamental aspects of author co-citation analysis (ACA) - the way co-citation
counts are defined. Co-citation counting provides the data on which all subsequent statistical analyses and mappings
are based, and we compare ACA results based on two different types of co-citation counting - the traditional type that
only counts the first one among a cited work's authors on the one hand and a non-traditional type that takes into
account the first 5 authors of a cited work on the other hand. Results indicate that the picture produced through this non-traditional author co-citation counting contains more coherent author groups and is therefore considerably clearer. However, this picture represents fewer specialties in the research field being studied than that produced through the traditional first-author co-citation counting when the same number of top-ranked authors is selected and analyzed. Reasons for these effects are discussed
Variations on the Author
Full text link“Variations on the Author” discusses two of Eduardo Coutinho’s recent films (Um Dia na Vida, from 2010, and Últimas Conversas, posthumously released in 2015) and their contribution to the general question of documentary authorship. The director’s filmography is characterized by a consistent yet self-effacing form of authorial self-inscription: Coutinho often features as an interviewer that rather than express opinions propels discourses; an interviewer that is good at listening. This mode of self-inscription characterizes him as an author who is not expressive but who is nonetheless markedly present on the screen. In Um Dia na Vida, however, Coutinho is completely absent form the image, while Últimas Conversas, on the contrary, includes a confessional prologue that moves the director from the margins to the center of his films. This article examines the ways in which these works stand out in the filmography of a director who offers new insights into the notion of cinematic authorship
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