John Donovan's (Assistant Professor of Accountancy) paper, Financial Reporting and Entrepreneurial Finance: Evidence from Equity Crowdfunding has been accepted in Management Science.
The study examines the role of accounting in entrepreneurial finance and provides evidence that greater financial statement disclosure increases capital raised through equity crowdfunding. The research also documents that financial reporting is incrementally more important in raising entrepreneurial capital when the firm has longer historical operations, during periods of greater macroeconomic uncertainty, and when complemented by other sources of non-financial disclosure.
Originally published by care-mendoza.nd.edu on January 30, 2023.
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