Betting on success: Unveiling the role of innovation and financing capability on funding decisions by human versus AI evaluators

Lun Li, Yanbo Peng, Guanlin Shao and Huiyang Dai

Economics Letters, 2025, vol. 256, issue C

Abstract: This study compares preferences of AI and human evaluators in startup funding, finding that humans prioritize startups with higher innovation capabilities whereas AI favors superior financing capabilities. External certifications can substitute for these internal capabilities, thereby weakening their predictive power.

Keywords: Funding decisions; Generative artificial intelligence (GenAI); Human; Innovation capability; Financing capability (search for similar items in EconPapers)
JEL-codes: G11 G24 M13 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:256:y:2025:i:c:s0165176525004422

DOI: 10.1016/j.econlet.2025.112605

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