Equity Crowdfunding and Governance: Toward an Integrative Model and Research Agenda

Equity crowdfunding markets have grown exponentially over the last few years. Despite this impressive growth, significant informational asymmetry problems may plague these markets, making them susceptible to difficulties and even market failure. In this paper, we depart from extant equity crowdfunding research that has focused almost exclusively on the funding success and funding dynamics on platforms to study the effective governance of...