Date of Award

5-1-2016

Degree Type

Dissertation

Degree Name

Executive Doctorate in Business (EDB)

Department

Biology

First Advisor

Dr. Wesley J. Johnston

Second Advisor

Dr. Anita Luo Pawluk

Third Advisor

Dr. Richard L. Baskerville

Abstract

This dissertation examines the effectiveness of third party affiliation signals that entrepreneurs use to convince investors to commit financial resources in an equity crowdfunding context. I investigate the importance of third party affiliation signals (business accelerators, investor syndicates, and startups featured on the equity crowdfunding platform) on subsequent online funding amounts. The data indicates that affiliation with an investor syndicate is an effective third party affiliation signal and can therefore strongly impact the probability of online funding amounts. Business accelerators and startups featured on the equity crowdfunding platform, by contrast, have little or no impact on online funding amounts. I discuss the implications of the results for theory, future research, and practice.

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