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Conference Paper: Gender Differences in Crowdfunding - Entrepreneur Overconfidence and Campaign Outcomes
Title | Gender Differences in Crowdfunding - Entrepreneur Overconfidence and Campaign Outcomes |
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Authors | |
Issue Date | 2018 |
Publisher | Financial Management Association . |
Citation | 2018 Financial Management Association Asia/Pacific Conference, Hong Kong, 16-18 May 2018 How to Cite? |
Abstract | We test whether the observed gender differences in crowdfunding performance result
from male entrepreneurs’ relative overconfidence by analyzing a near-comprehensive
sample of Kickstarter campaigns launched by individual entrepreneurs in the U.S.
Suggesting a tendency to overestimate the potential demand for their products, we
find that male entrepreneurs set higher goal amounts, which results in more frequent
failures. In contrast, female entrepreneurs’ campaigns are more likely to succeed and
achieve higher pledged amounts relative to campaign goals. In successive campaigns,
male entrepreneurs’ success rates and goal amounts converge toward those of female
entrepreneurs, consistent with entrepreneurial experience mitigating the effects of overconfidence.
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Description | Session 03: Innovation and Behavior |
Persistent Identifier | http://hdl.handle.net/10722/278785 |
DC Field | Value | Language |
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dc.contributor.author | Lin, TC | - |
dc.contributor.author | Pursiainen, VP | - |
dc.date.accessioned | 2019-10-21T02:14:00Z | - |
dc.date.available | 2019-10-21T02:14:00Z | - |
dc.date.issued | 2018 | - |
dc.identifier.citation | 2018 Financial Management Association Asia/Pacific Conference, Hong Kong, 16-18 May 2018 | - |
dc.identifier.uri | http://hdl.handle.net/10722/278785 | - |
dc.description | Session 03: Innovation and Behavior | - |
dc.description.abstract | We test whether the observed gender differences in crowdfunding performance result from male entrepreneurs’ relative overconfidence by analyzing a near-comprehensive sample of Kickstarter campaigns launched by individual entrepreneurs in the U.S. Suggesting a tendency to overestimate the potential demand for their products, we find that male entrepreneurs set higher goal amounts, which results in more frequent failures. In contrast, female entrepreneurs’ campaigns are more likely to succeed and achieve higher pledged amounts relative to campaign goals. In successive campaigns, male entrepreneurs’ success rates and goal amounts converge toward those of female entrepreneurs, consistent with entrepreneurial experience mitigating the effects of overconfidence. | - |
dc.language | eng | - |
dc.publisher | Financial Management Association . | - |
dc.relation.ispartof | 2018 Financial Management Association Asia/Pacific Conference | - |
dc.title | Gender Differences in Crowdfunding - Entrepreneur Overconfidence and Campaign Outcomes | - |
dc.type | Conference_Paper | - |
dc.identifier.email | Lin, TC: chunlin@hku.hk | - |
dc.identifier.authority | Lin, TC=rp01077 | - |
dc.identifier.hkuros | 307550 | - |