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Gender Dynamics in Crowdfunding (Kickstarter): Evidence on Entrepreneurs, Backers, and Taste-Based Discrimination
KTH, School of Industrial Engineering and Management (ITM), Industrial Economics and Management (Dept.), Accounting, Finance & Changes. (IRIS)ORCID iD: 0000-0002-6440-187X
The Hebrew University of Jerusalem.
University of Colorado at Boulder.
The Hebrew University of Jerusalem.
2021 (English)In: Review of Finance, ISSN 1572-3097, E-ISSN 1875-824X, Vol. 25, no 2, p. 235-274Article in journal (Refereed) Published
Abstract [en]

This study focuses on the launch phase of the leading reward-based crowdfunding market—Kickstarter. It documents the behavior of male and female entrepreneurs in raising early stage capital. We find that women share as entrepreneurs in the platform (34.7%) does not equal to their share in the overall population, and they are concentrated in stereotyped sectors, both as entrepreneurs and as backers. We also find that women do not set lower funding goals than men, they enjoy higher rates of success than men, even after controlling for project categories and funding goals, and that backers of both genders have a tendency to fund entrepreneurs of their own gender. Our survey of Kickstarter backers finds evidence of taste-based discrimination by male backers.

Place, publisher, year, edition, pages
Oxford University Press, 2021. Vol. 25, no 2, p. 235-274
Keywords [en]
Crowdfunding, gender, taste-based discrimination, Kickstarter
National Category
Economics Gender Studies Business Administration
Identifiers
URN: urn:nbn:se:kth:diva-292102DOI: 10.1093/rof/rfaa041ISI: 000649367200001Scopus ID: 2-s2.0-85102878506OAI: oai:DiVA.org:kth-292102DiVA, id: diva2:1539569
Note

QC 20210609

Available from: 2021-03-24 Created: 2021-03-24 Last updated: 2022-07-14Bibliographically approved

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