ABSTRACT

Enthusiasm for crowdfunding’s ability to fill gaps in the provision of entrepreneurial finance continues among academics, policymakers and practitioners. In this, increasing attention has been paid to the geography of crowdfunding. This work has provided important evidence on various spatial influences on the location of platforms and campaigns and on their eventual success. In this paper, we take a rare look at the geography of the supply of crowdfunds. Specifically, our concern is with equity crowdfunding. Drawing on a hand collected data set, combining data on investments and on investors’ locations, we explore spatial influences on the extent of crowdfunding investment beyond commonly explored issues of distance.

摘要

学术界、政策制定者和从业者对众筹填补创业融资差距的能力的热情仍在继续。在这方面，人们越来越关注众筹的地理位置。这项工作提供了关于平台和活动位置及其最终成功的各种空间影响的重要证据。在本文中，我们罕见地审视了众筹供应的地理分布。具体来说，我们关注的是股权众筹。利用手工收集的数据集，结合投资和投资者位置的数据，我们探讨了空间对众筹投资范围的影响，超越了通常探讨的距离问题。