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The literature assumes (Block et al., 2018; Hornuf & Schwienbacher, 2018) and explores (Cholakova & Clarysse, 2015; Estrin et al., 2018; Zhang et al., 2017) the utilitarian investment motivation of equity crowdfunders. In other words, it argues that crowd- funders invest to ...
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(2018) assume that equity crowdfunding is driven by financial motivations only and implies a passive investment approach. Similarly, Hornuf and Schwienbacher (2018) define equity crowdfunding as “a category of crowdfunding, in which backers expect financial compensation for their investment” – ...
Good and useless FDI: The growth effects of greenfield investment and mergers and acquisitions We explore the effect of foreign direct investment (FDI) on economic growth, distinguishing between mergers and acquisitions (M&As) and greenfield investment. A simple model underlines that, unlike greenfield...
In an effort to legitimize expenditure on corporate social responsibility (CSR) actions in the face of criticism, CSR advocates have always tried to link positive financial performance to CSR investment (Schreck, 2011; Apospori, Zografos, & Magrizos, 2012). For example, a number of researchers...
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