Social Sustainability in Equity Crowdfunding: The Role of Women in the Platforms’ Boards

Candida Bussoli, Saida El Assal, Lucrezia Fattobene () and Elvira Anna Graziano
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Candida Bussoli: LUM Giuseppe Degennaro University
Saida El Assal: LUM Giuseppe Degennaro University
Lucrezia Fattobene: University of Rome ‘Tor Vergata’
Elvira Anna Graziano: Link Campus University

Chapter Chapter 9 in Contemporary Issues in Sustainable Finance, 2024, pp 239-257 from Palgrave Macmillan

Abstract: Abstract This study aims to investigate whether and how the presence of female members or female CEO on the board of directors of equity crowdfunding platforms (ECP) affects the campaigns’ success and the launch of innovative campaigns on the platforms. The analysis conducted on all the campaigns launched on all the Italian platforms reveals a negative role played by the female presence on the boards of the ECP on both campaigns’ success and innovation. Conversely, the presence in the ECP boards of female CEOs is related to a higher presence of innovative campaigns. Results highlight a general mistrust of creators and investors towards female-run ECP and offer theoretical and practical insights for scholars, entrepreneurs, managers, and policymakers.

Keywords: Equity crowdfunding platform; Gender diversity; Innovation; Social sustainability (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:pal:psifcp:978-3-031-45222-2_9

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DOI: 10.1007/978-3-031-45222-2_9

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