Details about Armin Schwienbacher

Access statistics for papers by Armin Schwienbacher.

Last updated 2025-01-10. Update your information in the RePEc Author Service.

Short-id: psc854

Working Papers

2023

1. Equity Crowdfunding: The Influence of Perceived Innovativeness on Campaign Success *
   Post-Print, HAL View citations (3)

2022

2. Testing-the-Waters Policy With Hypothetical Investment: Evidence From Equity Crowdfunding
   Post-Print, HAL View citations (4)
   See also Journal Article Testing-the-Waters Policy With Hypothetical Investment: Evidence From Equity Crowdfunding, Entrepreneurship Theory and Practice (2022) (2022)

2020

3. Identifying Start-Up Success: Testing-The-Waters Policy with Hypothetical Investment
   Post-Print, HAL View citations (1)

2019

4. Are Equity Crowdfunding Investors Active Investors?
   CESifo Working Paper Series, CESifo View citations (1)
5. Crowdfunding Dynamics
   CESifo Working Paper Series, CESifo View citations (1)
   Also in LIDAM Discussion Papers CORE, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) (2019) View citations (1)
6. Crowdfunding models: Keep‐It‐All vs. All‐Or‐Nothing
   Post-Print, HAL View citations (17)
   See also Journal Article Crowdfunding models: Keep‐It‐All vs. All‐Or‐Nothing, Financial Management, Financial Management Association International (2020) View citations (22) (2020)
7. Determinants of Individual Investment Decisions in Investment-Based Crowdfunding
   Post-Print, HAL View citations (19)
   Also in Post-Print, HAL (2017) View citations (2)
   Post-Print, HAL (2018)
   Post-Print, HAL (2018)
   See also Journal Article Determinants of individual investment decisions in investment‐based crowdfunding, Journal of Business Finance & Accounting, Wiley Blackwell (2019) View citations (22) (2019)
8. Initial Coin Offerings, Information Disclosure, and Fraud
   CESifo Working Paper Series, CESifo View citations (8)
   See also Journal Article Initial coin offerings, information disclosure, and fraud, Small Business Economics, Springer (2022) View citations (10) (2022)
9. Investissement en equity crowdfunding: comment « jauger » un projet (et pourquoi WiSEED n’affiche pas le montant collecté) ?
   Post-Print, HAL
10. The Narcissism of Crowdfunding Entrepreneurs
    Post-Print, HAL View citations (2)
    See also Journal Article The narcissism of crowdfunding entrepreneurs, Small Business Economics, Springer (2020) View citations (19) (2020)

2018

11. Crowfunding and Innovation
    Post-Print, HAL
    See also Journal Article CROWDFUNDING AND INNOVATION, Journal of Economic Surveys, Wiley Blackwell (2018) View citations (13) (2018)
12. How Do Banks Interact with Fintech Startups?
    CESifo Working Paper Series, CESifo View citations (4)
    See also Journal Article How do banks interact with fintech startups?, Small Business Economics, Springer (2021) View citations (36) (2021)
13. Hypothetical bias in equity crowdfunding
    Post-Print, HAL View citations (1)
    Also in Post-Print, HAL (2018) View citations (1)
    Post-Print, HAL (2018) View citations (1)
14. Round-Number Bias in Investment: Evidence from Equity Crowdfunding
    Post-Print, HAL View citations (4)
    See also Journal Article Round-Number Bias in Investment: Evidence from Equity Crowdfunding, Finance, Presses universitaires de Grenoble (2018) View citations (4) (2018)

2017

15. Crowdfunding Cleantech
    Post-Print, HAL View citations (30)
    See also Journal Article Crowdfunding cleantech, Energy Economics, Elsevier (2017) View citations (42) (2017)
16. Crowdfunding as a New Financing Tool
    Post-Print, HAL
17. Do Crowdfunders Prefer Round Numbers?
    Post-Print, HAL View citations (1)
18. Investor Motivations in Investment-Based Crowdfunding
    Post-Print, HAL
    Also in Post-Print, HAL (2016) View citations (1)
19. Le crowdfunding favorise-t-il l’innovation ?
    Post-Print, HAL View citations (1)
20. Voting in Equity Crowdfunding Projects
    Post-Print, HAL View citations (3)

2016

21. The impact of Gender and Local Environment on Equity and Real Estate Crowdfunding
    Post-Print, HAL

2015

22. Funding Dynamics in Crowdinvesting
    VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy, Verein für Socialpolitik / German Economic Association View citations (14)
    Also in Research Papers in Economics, University of Trier, Department of Economics (2015) View citations (14)

2014

23. Are novice private equity funds risk-takers? Evidence from a comparison with established funds
    LIDAM Reprints CORE, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) View citations (9)
    See also Journal Article Are novice private equity funds risk-takers? Evidence from a comparison with established funds, Journal of Corporate Finance, Elsevier (2014) View citations (9) (2014)
24. Should Securities Regulation Promote Crowdinvesting?
    Discussion Papers in Economics, University of Munich, Department of Economics View citations (2)
25. The Emergence of Crowdinvesting in Europe
    Discussion Papers in Economics, University of Munich, Department of Economics View citations (8)

2013

26. Individual crowfunding practices
    LIDAM Reprints CORE, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE)
    See also Journal Article Individual crowdfunding practices, Venture Capital, Taylor & Francis Journals (2013) View citations (88) (2013)
27. The Political Economy of Financial Systems: Evidence from Suffrage Reforms in the Last Two Centuries
    CESifo Working Paper Series, CESifo View citations (2)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2013) View citations (2)
    Discussion Paper, Tilburg University, Center for Economic Research (2013) View citations (3)
    See also Journal Article The Political Economy of Financial Systems: Evidence from Suffrage Reforms in the Last Two Centuries, Economic Journal, Royal Economic Society (2018) View citations (9) (2018)

2012

28. Harmonized regulatory standards, international distribution of investment funds and the recent financial crisis
    Post-Print, HAL
    See also Journal Article Harmonized regulatory standards, international distribution of investment funds and the recent financial crisis, The European Journal of Finance, Taylor & Francis Journals (2012) View citations (1) (2012)

2011

29. Bank Reputation in the Private Debt Market
    Discussion Paper, Tilburg University, Center for Economic Research
    See also Journal Article Bank reputation in the private debt market, Journal of Corporate Finance, Elsevier (2010) View citations (27) (2010)
30. Crowdfunding: tapping the right crowd
    LIDAM Discussion Papers CORE, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) View citations (57)
31. Determinants of Venture Capital Performance: Europe and the United States
    Working Papers, HAL View citations (18)
32. Tranching in the Syndicated Loan Market
    Discussion Paper, Tilburg University, Center for Economic Research

2009

33. Venture Capital Performance: The Disparity Between Europe and the United States / Performances du capital risque: Les disparités entre l'Europe et les États-Unis
    Post-Print, HAL
34. Venture capital performance: the disparity between Europe and the United States
    MPRA Paper, University Library of Munich, Germany View citations (35)
    See also Journal Article Venture Capital Performance: The Disparity Between Europe and the United States, Finance, Presses universitaires de Grenoble (2009) View citations (29) (2009)

2008

35. The Political Origin of Pension Funding
    Tinbergen Institute Discussion Papers, Tinbergen Institute View citations (6)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) View citations (6)
    See also Journal Article The political origin of pension funding, Journal of Financial Intermediation, Elsevier (2009) View citations (43) (2009)

2007

36. IPOs, trade sales and liquidations: Modelling venture capital exits using survival analysis
    LIDAM Reprints CORE, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) View citations (103)
    Also in Finance, University Library of Munich, Germany (2003) View citations (8)
    LIDAM Discussion Papers CORE, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) (2005) View citations (1)
    See also Journal Article IPOs, trade sales and liquidations: Modelling venture capital exits using survival analysis, Journal of Banking & Finance, Elsevier (2007) View citations (112) (2007)

2001

37. INNOVATION AND VENTURE CAPITAL EXITS
    Finance, University Library of Munich, Germany View citations (3)
    See also Journal Article Innovation and Venture Capital Exits, Economic Journal, Royal Economic Society (2008) View citations (32) (2008)

Journal Articles

2024

1. Biased Calibration: Exacerbating Instead of Mitigating Entrepreneurial Overplacement with Reference Values
   Entrepreneurship Theory and Practice, 2024, 48, (5), 1131-1159
2. How Do Family Founders Help Novice Entrepreneurs to Develop their Firms?
   Small Business Economics, 2024, 63, (2), 781-804

2023

3. Internationalization of business angel investments: The role of investor experience
   International Business Review, 2023, 32, (1) View citations (2)
4. On venture capital exit dynamics
   Economics Bulletin, 2023, 43, (1), 664 - 678
5. Secondary market listings in equity crowdfunding: The missing link?
   Research Policy, 2023, 52, (1) View citations (6)

2022

6. Impact of venture capital holding on firm life cycle: Evidence from IPO firms
   Journal of Corporate Finance, 2022, 74, (C) View citations (2)
7. Initial coin offerings, information disclosure, and fraud
   Small Business Economics, 2022, 58, (4), 1741-1759 View citations (10)
   See also Working Paper Initial Coin Offerings, Information Disclosure, and Fraud, CESifo Working Paper Series (2019) View citations (8) (2019)
8. Testing-the-Waters Policy With Hypothetical Investment: Evidence From Equity Crowdfunding
   Entrepreneurship Theory and Practice, 2022, 46, (4), 1019-1053
   See also Working Paper Testing-the-Waters Policy With Hypothetical Investment: Evidence From Equity Crowdfunding, Post-Print (2022) View citations (4) (2022)
9. The relevance of investor rights in crowdinvesting
   Journal of Corporate Finance, 2022, 77, (C) View citations (4)

2021

10. Entrepreneurial fintech clusters
    Small Business Economics, 2021, 57, (2), 883-903 View citations (8)
11. Fintech and access to finance
    Journal of Corporate Finance, 2021, 68, (C) View citations (102)
12. How do banks interact with fintech startups?
    Small Business Economics, 2021, 57, (3), 1505-1526 View citations (36)
    See also Working Paper How Do Banks Interact with Fintech Startups?, CESifo Working Paper Series (2018) View citations (4) (2018)

2020

13. Crowdfunding models: Keep‐It‐All vs. All‐Or‐Nothing
    Financial Management, 2020, 49, (2), 331-360 View citations (22)
    See also Working Paper Crowdfunding models: Keep‐It‐All vs. All‐Or‐Nothing, Post-Print (2019) View citations (17) (2019)
14. Do venture capital firms benefit from international syndicates?
    Journal of International Business Studies, 2020, 51, (6), 986-1007 View citations (8)
15. Herd behaviour in buyout investments
    Journal of Corporate Finance, 2020, 60, (C) View citations (6)
16. Incentives work: performance-related remuneration of directors before and during the great depression in Belgium
    European Review of Economic History, 2020, 24, (1), 192-218
17. The narcissism of crowdfunding entrepreneurs
    Small Business Economics, 2020, 55, (1), 57-76 View citations (19)
    See also Working Paper The Narcissism of Crowdfunding Entrepreneurs, Post-Print (2019) View citations (2) (2019)
18. Tranching in the syndicated loan market around the world
    Journal of International Business Studies, 2020, 51, (1), 95-120 View citations (10)

2019

19. Determinants of individual investment decisions in investment‐based crowdfunding
    Journal of Business Finance & Accounting, 2019, 46, (5-6), 762-783 View citations (22)
    See also Working Paper Determinants of Individual Investment Decisions in Investment-Based Crowdfunding, Post-Print (2019) View citations (19) (2019)
20. Equity crowdfunding: anything to celebrate?
    Venture Capital, 2019, 21, (1), 65-74 View citations (14)
21. The Economic Impact of Forming a European Company
    Journal of Common Market Studies, 2019, 57, (4), 659-674 View citations (4)

2018

22. CROWDFUNDING AND INNOVATION
    Journal of Economic Surveys, 2018, 32, (5), 1514-1530 View citations (13)
    See also Working Paper Crowfunding and Innovation, Post-Print (2018) (2018)
23. Entrepreneurial risk-taking in crowdfunding campaigns
    Small Business Economics, 2018, 51, (4), 843-859 View citations (31)
24. Equity crowdfunding: First resort or last resort?
    Journal of Business Venturing, 2018, 33, (4), 513-533 View citations (79)
25. Market mechanisms and funding dynamics in equity crowdfunding
    Journal of Corporate Finance, 2018, 50, (C), 556-574 View citations (104)
26. Round-Number Bias in Investment: Evidence from Equity Crowdfunding
    Finance, 2018, 39, (1), 71-105 View citations (4)
    See also Working Paper Round-Number Bias in Investment: Evidence from Equity Crowdfunding, Post-Print (2018) View citations (4) (2018)
27. The Political Economy of Financial Systems: Evidence from Suffrage Reforms in the Last Two Centuries
    Economic Journal, 2018, 128, (611), 1433-1475 View citations (9)
    See also Working Paper The Political Economy of Financial Systems: Evidence from Suffrage Reforms in the Last Two Centuries, CESifo Working Paper Series (2013) View citations (2) (2013)

2017

28. Crowdfunding cleantech
    Energy Economics, 2017, 65, (C), 292-303 View citations (42)
    See also Working Paper Crowdfunding Cleantech, Post-Print (2017) View citations (30) (2017)
29. Diversification, risk, and returns in venture capital
    Journal of Business Venturing, 2017, 32, (5), 519-535 View citations (12)
30. Private equity fundraising and firm specialization
    The Quarterly Review of Economics and Finance, 2017, 64, (C), 259-274 View citations (2)
31. Should securities regulation promote equity crowdfunding?
    Small Business Economics, 2017, 49, (3), 579-593 View citations (75)

2016

32. Crowdfunding and the “Alternativfinanzierungsgesetz” in Austria
    ifo DICE Report, 2016, 14, (02), 33-36
33. Does risk explain persistence in private equity performance?
    Journal of Corporate Finance, 2016, 39, (C), 18-35 View citations (6)
34. Paulson Plan Credits
    Finance, 2016, 37, (1), 97-120
35. Venture capital investors and foreign listing choices of Chinese companies
    Emerging Markets Review, 2016, 29, (C), 42-67 View citations (6)
36. Voluntary disclosure of corporate venture capital investments
    Journal of Banking & Finance, 2016, 68, (C), 69-83 View citations (12)

2015

37. International Analysis of Venture Capital Programs of Large Corporations and Financial Institutions
    Entrepreneurship Theory and Practice, 2015, 39, (5), 1213-1246 View citations (19)
38. Investment, firm performance and securitization: Evidence from industrial companies
    Finance Research Letters, 2015, 13, (C), 17-28 View citations (2)
39. Overcollateralization in Corporate Securitization
    Finance, 2015, 36, (3), 7-52 View citations (1)
40. The scope of international mutual fund outsourcing: Fees, performance and risks
    Journal of International Financial Markets, Institutions and Money, 2015, 38, (C), 185-199 View citations (8)

2014

41. Are novice private equity funds risk-takers? Evidence from a comparison with established funds
    Journal of Corporate Finance, 2014, 27, (C), 55-71 View citations (9)
    See also Working Paper Are novice private equity funds risk-takers? Evidence from a comparison with established funds, LIDAM Reprints CORE (2014) View citations (9) (2014)
42. Debt Capacity of Real Estate Collateral
    Real Estate Economics, 2014, 42, (3), 578-605 View citations (6)

2013

43. Individual crowdfunding practices
    Venture Capital, 2013, 15, (4), 313-333 View citations (88)
    See also Working Paper Individual crowfunding practices, LIDAM Reprints CORE (2013) (2013)
44. International Capital Flows into the European Private Equity Market
    European Financial Management, 2013, 19, (2), 366-398 View citations (2)
45. Legality and the Spread of Voluntary Investor Protection
    Finance, 2013, 34, (3), 31-65 View citations (2)
46. Securitization of corporate assets and executive compensation
    Journal of Corporate Finance, 2013, 21, (C), 235-251 View citations (5)
47. The entrepreneur's investor choice: The impact on later-stage firm development
    Journal of Business Venturing, 2013, 28, (4), 528-545 View citations (20)
48. Underwriting Syndicate Structure and Lead Manager Reputation: An Empirical Study on European Stock Markets
    Finance, 2013, 34, (2), 7-34

2012

49. Harmonized regulatory standards, international distribution of investment funds and the recent financial crisis
    The European Journal of Finance, 2012, 18, (3-4), 261-292 View citations (1)
    See also Working Paper Harmonized regulatory standards, international distribution of investment funds and the recent financial crisis, Post-Print (2012) (2012)
50. When bank loans are bad news: Evidence from market reactions to loan announcements under the risk of expropriation
    Journal of International Financial Markets, Institutions and Money, 2012, 22, (2), 233-252 View citations (30)

2010

51. Bank reputation in the private debt market
    Journal of Corporate Finance, 2010, 16, (4), 498-515 View citations (27)
    See also Working Paper Bank Reputation in the Private Debt Market, Discussion Paper (2011) (2011)

2009

52. Corporate Relocation in Venture Capital Finance
    Entrepreneurship Theory and Practice, 2009, 33, (5), 1121-1155 View citations (15)
53. Style Drift in Private Equity
    Journal of Business Finance & Accounting, 2009, 36, (5‐6), 645-678 View citations (42)
54. The political origin of pension funding
    Journal of Financial Intermediation, 2009, 18, (3), 384-404 View citations (43)
    See also Working Paper The Political Origin of Pension Funding, Tinbergen Institute Discussion Papers (2008) View citations (6) (2008)
55. Venture Capital Performance: The Disparity Between Europe and the United States
    Finance, 2009, 30, (1), 7-50 View citations (29)
    See also Working Paper Venture capital performance: the disparity between Europe and the United States, MPRA Paper (2009) View citations (35) (2009)

2008

56. Financial intermediaries, ownership structure and the provision of venture capital to SMEs: evidence from Japan
    Small Business Economics, 2008, 31, (1), 59-92 View citations (10)
57. Innovation and Venture Capital Exits
    Economic Journal, 2008, 118, (533), 1888-1916 View citations (32)
    Also in Economic Journal, 2008, 118, (533), 1888-1916 (2008) View citations (23)
    See also Working Paper INNOVATION AND VENTURE CAPITAL EXITS, Finance (2001) View citations (3) (2001)
58. Venture capital investment practices in Europe and the United States
    Financial Markets and Portfolio Management, 2008, 22, (3), 195-217 View citations (19)

2007

59. A theoretical analysis of optimal financing strategies for different types of capital-constrained entrepreneurs
    Journal of Business Venturing, 2007, 22, (6), 753-781 View citations (35)
60. IPOs, trade sales and liquidations: Modelling venture capital exits using survival analysis
    Journal of Banking & Finance, 2007, 31, (3), 679-702 View citations (112)
    See also Working Paper IPOs, trade sales and liquidations: Modelling venture capital exits using survival analysis, LIDAM Reprints CORE (2007) View citations (103) (2007)

2006

61. Legality and venture capital exits
    Journal of Corporate Finance, 2006, 12, (2), 214-245 View citations (92)
62. The strategic use of corporate venture financing for securing demand
    Journal of Banking & Finance, 2006, 30, (10), 2809-2833 View citations (40)

2005

63. Liquidity Risk and Venture Capital Finance
    Financial Management, 2005, 34, (4) View citations (40)

Chapters

2021

1. Equity Crowdfunding and Capital Formation for Early-Stage Firms
   Springer

2016

2. Crowdinvesting: angel investing for the masses?
   Chapter 15 in Handbook of Research on Business Angels, 2016, pp 381-398 View citations (10)

2007

3. The Structure of Venture Capital Funds
   Chapter 5 in Handbook of Research on Venture Capital, 2007 View citations (1)