Which information should entrepreneurs on German crowdinvesting-platforms disclose?

Research, Preprint OPEN
Mäschle, Oliver;
(2012)
  • Publisher: Rostock: Universität Rostock, Institut für Volkswirtschaftslehre
  • Subject: L50 | G32 | asymmetric information | disclosure requirements | Eigenkapital | L10 | equity | Kapitalanlage | L15 | market microstructure | Social Web | Investor Relations | D40 | Marktmikrostruktur | entrepreneur | crowdinvesting,market microstructure,disclosure requirements,equity,asymmetric information,entrepreneur | Unternehmer | crowdinvesting | Unternehmensgründung
    • jel: jel:D40 | jel:L10 | jel:L15 | jel:L50 | jel:G32
      ddc: ddc:330

The disclosure requirements for firms issuing equity on German crowdinvestingplatforms are quite lax at the moment. This paper states that this loose requirement policy is not optimal in the presence of competition among platforms. First, a simple three-staged theoretic... View more
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