A Green flag over mobile industry start-ups: Human capital and past investors as investment signals

Jungkook An, Woojin Jung, Hee-Woong Kim

Research output: Contribution to conferencePaper

Abstract

Crowdfunding and online start-up platforms are becoming important communication tools for startups and investors. Existing literatures on online start-up platforms usually focus on reward-based crowdfunding platform, which do not offer any equity to backers. In addition, there have not been many empirical researches about equity-based crowdfunding due to the novelty of the regulation. This study analyzes the association between funding amount and early stage start-ups' underlying characteristics, the type of past investors, and influence of investors in the context of equity-based crowdfunding. The distinction of our research is the aspect of approach that we use population data from online start-up platform for the mobile industry. We find that start-up's funding outcome is positively related to start-up's human capital and pure investors. Moreover, our study extends theoretical understanding of the importance of human capital and past investors in start-up, and also contributes to the entrepreneurship literature by examining creditable signals for early stage start-up investment.

Original languageEnglish
Publication statusPublished - 2015 Jan 1
Event19th Pacific Asia Conference on Information Systems, PACIS 2015 - Singapore, Singapore
Duration: 2015 Jul 52015 Jul 9

Other

Other19th Pacific Asia Conference on Information Systems, PACIS 2015
CountrySingapore
CitySingapore
Period15/7/515/7/9

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Industry
Communication

All Science Journal Classification (ASJC) codes

  • Information Systems

Cite this

An, J., Jung, W., & Kim, H-W. (2015). A Green flag over mobile industry start-ups: Human capital and past investors as investment signals. Paper presented at 19th Pacific Asia Conference on Information Systems, PACIS 2015, Singapore, Singapore.
An, Jungkook ; Jung, Woojin ; Kim, Hee-Woong. / A Green flag over mobile industry start-ups : Human capital and past investors as investment signals. Paper presented at 19th Pacific Asia Conference on Information Systems, PACIS 2015, Singapore, Singapore.
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An, J, Jung, W & Kim, H-W 2015, 'A Green flag over mobile industry start-ups: Human capital and past investors as investment signals', Paper presented at 19th Pacific Asia Conference on Information Systems, PACIS 2015, Singapore, Singapore, 15/7/5 - 15/7/9.

A Green flag over mobile industry start-ups : Human capital and past investors as investment signals. / An, Jungkook; Jung, Woojin; Kim, Hee-Woong.

2015. Paper presented at 19th Pacific Asia Conference on Information Systems, PACIS 2015, Singapore, Singapore.

Research output: Contribution to conferencePaper

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An J, Jung W, Kim H-W. A Green flag over mobile industry start-ups: Human capital and past investors as investment signals. 2015. Paper presented at 19th Pacific Asia Conference on Information Systems, PACIS 2015, Singapore, Singapore.