Católica Porto Business School | Sala EP002
You are cordially invited to attend the next CEGE4ALL: Markets & Policy Seminar by Sandra Correia, on “The role of Competition on Equity Crowdfunding”. The seminar will take place on June 7th, between 11.30 am and 12.30 pm in room EP002. This seminar will be held in a hybrid format.
You can attend it either in person (room EP002) or online. Registration is mandatory. Please register here by June 6th indicating if you will be attending in person or online. The weblink will be emailed to online attendees after registration.
Abstract
Our study investigates competition’s impact on Equity Crowdfunding (ECF) campaigns, analyzing 66,180 daily observations from 1,487 campaigns. While we found that the number of competing campaigns does not significantly influence the likelihood of funding, our daily analysis reveals its effect on campaign performance, impacting investors participation and funds raised. Additionally, more competitors reduce the final number of investors. Furthermore, blockbuster projects from other industries have an adverse cannibalization effect, lowering campaign success probability. These findings emphasize the role of the competitive landscape in guiding entrepreneurs’ strategic decisions to improve the prospects of ECF campaigns success.
Sandra Correia
Sandra Correia has a degree in Economics, a Master's in Finance and a PhD in Management, specialising in Finance, from the Faculty of Economics of the University of Porto. Her doctoral thesis, entitled ‘Equity Crowdfunding: An Alternative Way of Startup Financing’ was awarded the Professor Manuel de Oliveira Marques Prize for the best doctoral thesis in Corporate Finance. She is currently a visiting assistant professor at the Faculty of Economics of Porto, a visiting adjunct professor at Islagaia and a business consultant in the areas of investment project analysis, management control and company valuation.
