{"id":"https://openalex.org/W2805639146","doi":"https://doi.org/10.1515/erj-2017-0176","title":"Online or Not? What Factors Affect Equity Crowdfunding Platforms to Launch Projects Online in the Pre-Investment Stage?","display_name":"Online or Not? What Factors Affect Equity Crowdfunding Platforms to Launch Projects Online in the Pre-Investment Stage?","publication_year":2018,"publication_date":"2018-06-02","ids":{"openalex":"https://openalex.org/W2805639146","doi":"https://doi.org/10.1515/erj-2017-0176","mag":"2805639146"},"language":"en","primary_location":{"id":"doi:10.1515/erj-2017-0176","doi":"https://doi.org/10.1515/erj-2017-0176","is_oa":false,"landing_page_url":"https://doi.org/10.1515/erj-2017-0176","pdf_url":null,"source":{"id":"https://openalex.org/S2764465404","display_name":"Entrepreneurship Research Journal","issn_l":"2157-5665","issn":["2157-5665","2194-6175"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-3","jufo-1","ki-jl-1","norway-1","poland-70","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310313990","host_organization_name":"De Gruyter","host_organization_lineage":["https://openalex.org/P4310313990"],"host_organization_lineage_names":["De Gruyter"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Entrepreneurship Research Journal","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5028768404","display_name":"Daru Zhang","orcid":"https://orcid.org/0000-0002-2254-5728","observed_orcids":["https://orcid.org/0000-0002-2254-5728"]},"institutions":[{"id":"https://openalex.org/I16365422","display_name":"Hefei University of Technology","ror":"https://ror.org/02czkny70","country_code":"CN","type":"education","lineage":["https://openalex.org/I16365422"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Daru Zhang","raw_affiliation_strings":["Hefei University of Technology, School of Management, No193, Tunxi RoadHefei, China"],"raw_orcid":"https://orcid.org/0000-0002-2254-5728","affiliations":[{"raw_affiliation_string":"Hefei University of Technology, School of Management, No193, Tunxi RoadHefei, China","institution_ids":["https://openalex.org/I16365422"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5067041426","display_name":"Yaokuang Li","orcid":"https://orcid.org/0000-0002-1111-4762","observed_orcids":["https://orcid.org/0000-0002-1111-4762"]},"institutions":[{"id":"https://openalex.org/I16365422","display_name":"Hefei University of Technology","ror":"https://ror.org/02czkny70","country_code":"CN","type":"education","lineage":["https://openalex.org/I16365422"]}],"countries":["CN"],"is_corresponding":true,"raw_author_name":"Yaokuang Li","raw_affiliation_strings":["Hefei Univesity of Technology, School of Management, No. 193,Tunxi RoadHefei, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Hefei Univesity of Technology, School of Management, No. 193,Tunxi RoadHefei, China","institution_ids":["https://openalex.org/I16365422"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5073062773","display_name":"Juan Yu Wu","orcid":"https://orcid.org/0000-0001-8702-8978","observed_orcids":["https://orcid.org/0000-0001-8702-8978"]},"institutions":[{"id":"https://openalex.org/I16365422","display_name":"Hefei University of Technology","ror":"https://ror.org/02czkny70","country_code":"CN","type":"education","lineage":["https://openalex.org/I16365422"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Juan Wu","raw_affiliation_strings":["Hefei University of Technology, School of Management, No193, Tunxi RoadHefei, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Hefei University of Technology, School of Management, No193, Tunxi RoadHefei, China","institution_ids":["https://openalex.org/I16365422"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5039529081","display_name":"Dan Long","orcid":"https://orcid.org/0000-0002-1217-9058","observed_orcids":["https://orcid.org/0000-0002-1217-9058"]},"institutions":[{"id":"https://openalex.org/I16365422","display_name":"Hefei University of Technology","ror":"https://ror.org/02czkny70","country_code":"CN","type":"education","lineage":["https://openalex.org/I16365422"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Dan Long","raw_affiliation_strings":["Hefei University of Technology, School of Management, No193, Tunxi RoadHefei, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Hefei University of Technology, School of Management, No193, Tunxi RoadHefei, China","institution_ids":["https://openalex.org/I16365422"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5067041426"],"corresponding_institution_ids":["https://openalex.org/I16365422"],"apc_list":{"value":2400,"currency":"EUR","value_usd":2712},"apc_paid":null,"fwci":2.2647,"has_fulltext":false,"cited_by_count":15,"citation_normalized_percentile":{"value":0.89158408,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":98},"biblio":{"volume":"9","issue":"2","first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11995","display_name":"FinTech, Crowdfunding, Digital Finance","score":0.9984999895095825,"subfield":{"id":"https://openalex.org/subfields/1404","display_name":"Management Information Systems"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11995","display_name":"FinTech, Crowdfunding, Digital Finance","score":0.9984999895095825,"subfield":{"id":"https://openalex.org/subfields/1404","display_name":"Management Information Systems"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11903","display_name":"Private Equity and Venture Capital","score":0.0012000000569969416,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T14464","display_name":"Community Development and Social Impact","score":0.0,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/equity-crowdfunding","display_name":"equity crowdfunding","score":0.9649999737739563},{"id":"https://openalex.org/keywords/geographic-distance","display_name":"geographic distance","score":0.7179999947547913},{"id":"https://openalex.org/keywords/local-bias","display_name":"local bias","score":0.8799999952316284},{"id":"https://openalex.org/keywords/venture-capital","display_name":"venture capital","score":0.6050000190734863},{"id":"https://openalex.org/keywords/signal-theory","display_name":"signal theory","score":0.7200000286102295},{"id":"https://openalex.org/keywords/media-use","display_name":"media use","score":0.6899999976158142},{"id":"https://openalex.org/keywords/credit","display_name":"credit","score":0.5370000004768372},{"id":"https://openalex.org/keywords/project-risk","display_name":"project risk","score":0.8640000224113464},{"id":"https://openalex.org/keywords/strategic-emerging-industries","display_name":"strategic emerging industries","score":0.9290000200271606},{"id":"https://openalex.org/keywords/pre-investment-stage","display_name":"pre-investment stage","score":0.7549999952316284}],"concepts":[{"id":"https://openalex.org/C2779613991","wikidata":"https://www.wikidata.org/wiki/Q18400009","display_name":"Equity crowdfunding","level":3,"score":0.8717724084854126},{"id":"https://openalex.org/C199728807","wikidata":"https://www.wikidata.org/wiki/Q2578557","display_name":"Equity (law)","level":2,"score":0.6715022921562195},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5784681439399719},{"id":"https://openalex.org/C84309077","wikidata":"https://www.wikidata.org/wiki/Q3908516","display_name":"Entrepreneurship","level":2,"score":0.5404745936393738},{"id":"https://openalex.org/C162853370","wikidata":"https://www.wikidata.org/wiki/Q39809","display_name":"Marketing","level":1,"score":0.5036432147026062},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.4798252582550049},{"id":"https://openalex.org/C2779530757","wikidata":"https://www.wikidata.org/wiki/Q1207505","display_name":"Quality (philosophy)","level":2,"score":0.46506574749946594},{"id":"https://openalex.org/C2984743219","wikidata":"https://www.wikidata.org/wiki/Q129238","display_name":"Start up","level":2,"score":0.4498792886734009},{"id":"https://openalex.org/C2776035688","wikidata":"https://www.wikidata.org/wiki/Q1606558","display_name":"Affect (linguistics)","level":2,"score":0.4236259162425995},{"id":"https://openalex.org/C2776505452","wikidata":"https://www.wikidata.org/wiki/Q5380747","display_name":"Entrepreneurial finance","level":3,"score":0.41706302762031555},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.3268192708492279},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.3247929513454437},{"id":"https://openalex.org/C12559387","wikidata":"https://www.wikidata.org/wiki/Q185142","display_name":"Initial public offering","level":2,"score":0.26062867045402527},{"id":"https://openalex.org/C178550888","wikidata":"https://www.wikidata.org/wiki/Q2043282","display_name":"Business administration","level":1,"score":0.17400938272476196},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.07828813791275024},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C41895202","wikidata":"https://www.wikidata.org/wiki/Q8162","display_name":"Linguistics","level":1,"score":0.0},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1515/erj-2017-0176","doi":"https://doi.org/10.1515/erj-2017-0176","is_oa":false,"landing_page_url":"https://doi.org/10.1515/erj-2017-0176","pdf_url":null,"source":{"id":"https://openalex.org/S2764465404","display_name":"Entrepreneurship Research Journal","issn_l":"2157-5665","issn":["2157-5665","2194-6175"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-3","jufo-1","ki-jl-1","norway-1","poland-70","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310313990","host_organization_name":"De Gruyter","host_organization_lineage":["https://openalex.org/P4310313990"],"host_organization_lineage_names":["De Gruyter"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Entrepreneurship Research Journal","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[{"score":0.5378999710083008,"id":"https://metadata.un.org/sdg/9","display_name":"Industry, innovation and infrastructure"}],"study_designs":[],"awards":[],"funders":[{"id":"https://openalex.org/F4320321001","display_name":"National Natural Science Foundation of China","ror":"https://ror.org/01h0zpd94"},{"id":"https://openalex.org/F4320327557","display_name":"National Office for Philosophy and Social Sciences","ror":"https://ror.org/04m0ms912"},{"id":"https://openalex.org/F4320335869","display_name":"National Social Science Fund of China","ror":null}],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":65,"referenced_works":["https://openalex.org/W9381690","https://openalex.org/W1567663560","https://openalex.org/W1575645812","https://openalex.org/W1600024744","https://openalex.org/W1605541530","https://openalex.org/W1860770495","https://openalex.org/W1887819992","https://openalex.org/W1892336860","https://openalex.org/W1969022755","https://openalex.org/W1970405345","https://openalex.org/W1972904315","https://openalex.org/W1978791251","https://openalex.org/W1990026426","https://openalex.org/W1993077362","https://openalex.org/W2002237509","https://openalex.org/W2014816882","https://openalex.org/W2017104097","https://openalex.org/W2027225182","https://openalex.org/W2044640583","https://openalex.org/W2056425707","https://openalex.org/W2058852246","https://openalex.org/W2060164253","https://openalex.org/W2063347116","https://openalex.org/W2077688101","https://openalex.org/W2077968320","https://openalex.org/W2094390687","https://openalex.org/W2101099210","https://openalex.org/W2102045068","https://openalex.org/W2108752510","https://openalex.org/W2109193837","https://openalex.org/W2112256230","https://openalex.org/W2115747715","https://openalex.org/W2125588186","https://openalex.org/W2127566439","https://openalex.org/W2146524607","https://openalex.org/W2154478757","https://openalex.org/W2154621866","https://openalex.org/W2163901612","https://openalex.org/W2206936551","https://openalex.org/W2514348978","https://openalex.org/W2524230365","https://openalex.org/W2542632482","https://openalex.org/W2553469637","https://openalex.org/W2560297938","https://openalex.org/W2562494278","https://openalex.org/W2568284083","https://openalex.org/W2573596416","https://openalex.org/W2583534479","https://openalex.org/W2584574373","https://openalex.org/W2605496294","https://openalex.org/W2941535465","https://openalex.org/W3023103325","https://openalex.org/W3121716941","https://openalex.org/W3122061554","https://openalex.org/W3123208163","https://openalex.org/W3123229517","https://openalex.org/W3123400563","https://openalex.org/W3124067722","https://openalex.org/W3124826221","https://openalex.org/W3124834107","https://openalex.org/W3125103807","https://openalex.org/W3125393355","https://openalex.org/W3125484175","https://openalex.org/W3125729818","https://openalex.org/W4234319459"],"related_works":["https://openalex.org/W3157765504","https://openalex.org/W2887059602","https://openalex.org/W4413774852","https://openalex.org/W4402400974","https://openalex.org/W4365791461","https://openalex.org/W2551369322","https://openalex.org/W4366688418","https://openalex.org/W4413767302","https://openalex.org/W2620797018","https://openalex.org/W6926542142"],"abstract_inverted_index":{"Abstract":[0],"This":[1],"article":[2],"draws":[3],"on":[4,75,119,126],"signal":[5,98],"theory":[6],"and":[7,22,63,109],"the":[8,40,71,78,97,104,110,120,127],"research":[9],"findings":[10],"of":[11,43,60,73,99,112,122],"local":[12,35,52],"bias":[13,36],"in":[14,39,90],"VC":[15],"to":[16,50,83],"examine":[17],"how":[18],"geographic":[19],"distance":[20],"(GD)":[21],"different":[23],"signals":[24,59],"affect":[25],"equity":[26,44,123,129],"crowdfunding":[27,47,124,130],"platforms":[28,48],"launching":[29,72,111],"projects":[30,53,74,85,113,125],"online.":[31,54,94,114],"We":[32,55],"find":[33],"that":[34,58],"still":[37],"exists":[38],"pre-investment":[41],"stage":[42],"crowdfunding.":[45],"Equity":[46],"prefer":[49],"launch":[51],"also":[56],"prove":[57],"media":[61],"usage":[62],"start-ups\u2019":[64,107],"quality":[65,108],"(credit)":[66],"are":[67,117],"positively":[68],"correlated":[69],"with":[70],"platforms.":[76],"Moreover,":[77],"platform":[79,131],"is":[80],"more":[81],"inclined":[82],"list":[84],"initiated":[86],"by":[87],"firms":[88],"engaging":[89],"strategic":[91],"emerging":[92],"industries":[93],"Above":[95],"all,":[96],"project":[100],"risk":[101],"fully":[102],"mediates":[103],"relationship":[105],"between":[106],"Empirical":[115],"analyses":[116],"based":[118],"dataset":[121],"Dahuotou":[128],"(":[132],"http://www.dahuotou.cn/":[133],")":[134],"during":[135],"2014\u20132017.":[136]},"counts_by_year":[{"year":2024,"cited_by_count":3},{"year":2023,"cited_by_count":1},{"year":2022,"cited_by_count":5},{"year":2021,"cited_by_count":3},{"year":2020,"cited_by_count":2},{"year":2019,"cited_by_count":1}],"updated_date":"2026-10-14T16:39:01.820549","created_date":"2018-06-13T00:00:00"}
